Thursday, August 16, 2007

Media-Whore's D'Oevres

(image via hscti)

"The astrological sign Leo is in full swing with August birthdays and Charlotte Ronson, Samantha Ronson, and Amanda Silverman joined forces to celebrate. The inexhaustible trio hosted their joint birthday party Wednesday night at The Bowery Hotel Rooftop, leaving only when the bar had to close and moving on to the Beatrice Inn so the attendees could continue the fest until 4 am. Guests included Charlotte’s mother, Ann Dexter-Jones, sister Annabelle Dexter-Jones, and best friend Shoshanna Gruss. Nicole Richie showed up with boyfriend Joel Madden and even stuck around after he left to DJ the Justin Timberlake afterparty." (Fashionweekdaily)

"The Fed and other central banks moved quickly and in unison last Friday to pump more cash into financial systems, successfully stabilizing markets made jittery by collapsing hedge funds around the world. It was central banking at its best, avoiding 'panics' that would have resulted from such a situation a century ago. But Bernanke's broader plans for easier money have to be placed on hold because he cannot be seen bailing out greedy hedge fund operators. The cautious Bernanke shoulders a burden not faced by his often error-prone predecessors. Because of the global economy, he is central banker for the world. The recent credit crisis originated in the failure of American sub-prime home mortgages backing securities held in Europe. The complicated equation that Bernanke ponders also involves the rest of the industrial world growing at a faster rate than the United States, leading some to speculate about tightening by the foreign central banks." (Novak)

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