Monday, September 15, 2008

Media-Whore D'Oevres

"Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. The 158-year-old firm, which survived railroad bankruptcies of the 1800s, the Great Depression in the 1930s and the collapse of Long-Term Capital Management a decade ago, filed a Chapter 11 petition with U.S. Bankruptcy Court in Manhattan today. The collapse of Lehman, which listed more than $613 billion of debt, dwarfs WorldCom Inc.'s insolvency in 2002 and Drexel Burnham Lambert's failure in 1990." (Bloomberg)

"ANDRE Leon Talley, the 6-foot-8 Vogue icon, cuts a flamboyant figure even when he's calm. Imagine when he's frantic. Talley was early for the Stephen Burroughs fashion show on Friday and sitting in the vestibule of the designer's West 38th Street showroom when a man opened a bottle of Piper-Heidsieck champagne and it sprayed all over Talley. The drenched fashionista screamed, 'Look what you've done! I've got to wear these clothes all day!' And when the clumsy sprayer tried to towel him off, Talley yelled, 'Get your hands off me!'" (PageSix)

"(Britney Spears' mom) believes Britney was drawn to the stability Federline offered after a difficult relationship with her alcoholic father and her failed romance to singer Justin Timberlake. Lynne says: 'She wanted to feel grounded and Preston gave her the feeling of security she had been craving. But having two children within a yeary of each other would be overwhelming for any woman. She had post-natal depression. 'Added to her broken-hearted spirit over the end of her marriage to Kevin and the enormous pressures of her career, it brought her to breaking point.'" (Newsoftheworld)

"It’s either the best of times or the worst of times for the long-awaited relaunch of WSJ.com. With all the tectonic shifts on Wall Street—Lehman Bros. on the verge of bankruptcy, Merrill Lynch in buyout talks with Bank of America, AIG starting a massive reorg, just to name a few—if all goes as planned, WSJ.com readers will see a completely new site Tuesday `morning. Ditto for The Wall Street Journal Digital Network as Dow Jones implements a massive online makeover in the works even before News Corp took over. The familiar blue and white no longer dominates, making way for a glossier look with charcoal backgrounds and beige accents, presaged by the microsite for the new WSJ. magazine. Even the masthead is charcoal." (Paidcontent)

"All three networks, as well as every business news and cable news channel, took President George W. Bush's statement on the economy live just before 11amET." (TVNewser)

"LINDSAY Lohan and Samantha Ronson in an intense liplock for "at least half an hour" at the Beatrice Inn" (PageSix)

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