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Money

Michael Lewis' Moneyhaul

At this point, the soul of professional sports is beyond worrying about: Athletes are frantically self-interested; marvelously self-absorbed; always looking for any edge, however unfair; and forever leaping from team to team in search of a few more dollars. In other words, the jock market already has the morals of the stock market.

That's the last paragraph of "The Jock Exchange" Michael Lewis' contribution to the premier issue of Portfolio. It's also a $636 paragraph, if this anonymous commenter at DealBreaker is to be believed. more »

WED APR 18 2007 AT 4:47 pm
BY BALK
1,778 views

12 comments

Latest by I guess I would have written it too… on The Feeding the Monster Blog -- In which the author discusses Bo: I’m not sure if this explains the Michael Lewis “Jock Exchange” piece or means it’s even more frustrating that there’s more

Money

Court TV Knows How to Endear Itself to Journalists

Cold, hard cash. That's what it takes to get to get to the blackened hearts of writers these days--at least, those at the New York Observer, who received the gift card pictured at right. As our grandmother used to say, don't spend it all in one place. more »

THU DEC 28 2006 AT 6:10 pm
BY DOREE
34 views

1 comment

Money

Donald Trump Still Hates Liars

We don't really want to hear much more about what The Donald is trying to "inject," and where, but since we've been talking at such length about honesty around here, it's a good thing he's a firm believer in second chances, especially since newly-minted fake-executive E.J. Ridings likely doesn't have a snowball's chance in hell of getting one.

Ridings, 42, has never been a top professional on Wall Street. Ridings, in an interview with Money in September, said the "top-executive" reference in his bio refers to an 18-month period in which he was a retail stock broker at Morgan Stanley.

We're just speculating here, but we assume it'd be wise for fake executives to learn to operate just as smoothly under the podium. more »

TUE DEC 26 2006 AT 3:28 pm
BY
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Nyu

NYU Robin Hood Gives To The . . . Rich

A tipster writes:

my friend says she was in Washington Square Park yesterday, and 4 guys calling themselves "Robin Hoods" showed up with $1,000 in 1s, 5s, and 10s, and literally started throwing it into the air. A mini riot ensued in which people were literally punching each other to get the money.

Whoa! Did this happen? If so, we're really pissed that it didn't happen in our neighborhood, where people who actually need free money (namely, us) live. If you're an NYU student who was randomly given enough money to buy a few new pairs of sorely needed American Apparel leggings yesterday, we don't want to hear about it. Well, except we kind of are professionally obligated to want to hear about it. So tell us, and try not to gloat. more »

MON NOV 20 2006 AT 10:30 am
BY EMILY
53 views

8 comments

Latest by 0000: Their plan was to originally hand out $100 bills to passers-by. When they got to the park, they saw that more

Rupert Murdoch

News Corp. Quite Literally Pays for the Roof Over Rupert's Head

The Wall Street Journal reported this morning that News Corp. is springing for Chairman Rupert Murdoch's $50,000/month penthouse in the Trump Park Avenue building. Granted, the poor guy is awaiting the completion of renovations to his UES penthouse that he bought two years ago for $44 million, so it's only fair that the publicly held company helps its fearless leader through the tough times. But $50,000 a month? We can think of so many other things News Corp. could buy Rupert with that money... more »

FRI SEP 8 2006 AT 1:40 pm
BY
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Public Relations

Ronn [Sic] Torossian Vs. Bloggers: What's In Your Wallet?

Oh anonymous bloggers, how you rile up the PR world with your incog-vitriol. Ben Smith of The Daily Politics showcases the latest commenter casualty, Ronn [sic] Torossian, who is so inflamed about being called a "political amateur" (my god, such language!), that he has been forced to go all Capital One on your asses in stating,

"We've done a tremendous amount of political work and generally for campaigns that pay more than four or five grand a month," he said. "I make a lot more money than Josh Isay or any of these other characters."

And if there's any confusion, by "characters," he means YOU. more »

THU AUG 24 2006 AT 9:18 pm
BY PATRICE EVANS
172 views

6 comments

Latest by SkepticOf5W: Any blog that bashes Torossian is priceless. Any client using 5W is Senseless (then will be Cents-less) more

Money

If It's Good Enough for Naomi Campbell, It's Good Enough for a Hedge Fund Manager

Do you take your coffee with a little class rage? If so, this is your morning: yesterday, The Real Estate mentioned that uber-mega-luxury magazine Haute Living was launching a New York edition to be made available in 400 luxury buildings where apartments averaged for $4.2 million (we noted that this was just another case of "rich fucks reading about their rich fucking lifestyle while lounging about their rich fucker apartment"). But bait and you shall receive, and Haute Living co-founders/publishers Kamal Hotchandi and Seth Similof have sent along the official release for Haute New York, which is "planned for luxury realtors to market to the exclusive high net worth investor, buyer, and sellers seeking the good life in New York and Hamptons." Mmm, you can hear advertisors moaning in ecstasy. more »

WED AUG 2 2006 AT 8:17 am
BY
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7 comments

Latest by Public Sector: distribution includes "more than 200 New York City newsstands"? So the rich fucking fucks buy their fucking candy bar and a more

Daily Candy

Daily Candy Off the Block, Finds Minority Crackhead Investor

Well look who's got themselves a new sugar daddy: the pretty ladies at Daily Candy have found themselves a minority investor valuing the company at $130 million. Back in February, Daily Candy's controlling investor Bob Pittman put the trendy email service on the auction block with a minimum bid of $100 million -- but the ballsy number was enough to scare off the New York Times Co., News Corp., and Hearst. Instead, the Wall Street Journal reports that the company is no longer for sale, the ladies having decided to whore themselves to just one minority investment, the money from which shall go towards maintaining their well-stocked closets. more »

MON JUL 10 2006 AT 9:19 pm
BY
359 views

3 comments

Latest by Alfonso X. Alfonse: Daily Candy, brought to you by Radar Magazine! more

New York Magazine

Unhappy New Yorkers Not Helped by 'New York' Mag

In a place where shrinks and therapists serve as our food and water, it should be relatively obvious that New York is the most miserable city in America (this may be directly related to the average New Yorker's inability to meet the cost of living here). New York magazine comes to the rescue, however, compiling all the self-help books on Adam Moss' bookshelf in order to create a list of 20 strategies for happy New York living. Most of the suggestions are pretty obvious: avoid law school, find a mate, do as little parenting as possible. more »

MON JUL 10 2006 AT 9:22 pm
BY
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1 comment

Latest by T.: I think cost of living here wouldn't be so bad if underemployed people here would live within their means and more

Time Warner

Phew! Alleged Madam-Supporting TWX CFO Didn't Use Company Money

Oh, and some good news for those of you following the sage of Wayne Pace, the Time Warner CFO named by an alleged Manhattan madam as her sugar daddy (a story we really should have been paying much more attention to, except that it broke in the tabs over a weekend, and who reads the tabs on weekends): Time Warner announced late yesterday that it has completed its review of the case, and the media giant is now confident that no company funds were used in and sugar-daddying that may or may not have occurred. And was the CFO in fact the sugar daddy to a madam? Eh, who cares, seems to be the feeling at the Time Warner Center. As long as no company money was used, it's all good. more »

WED JUN 28 2006 AT 9:25 pm
BY
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Comment

Headlines

Jim Dolan Singlehandedly Destroys NYC's Middle Class

But isn't the bigger problem that the city's middle class was already so small one guy's dismissal makes a difference? (And since when an eight-figure NBA coach considered middle class, anyway?) more »

THU JUN 22 2006 AT 9:25 pm
BY
78 views

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Forbes

Rich-Guy Expert Abandons the Rich 'Forbes' Guys

First Forbes loses Charles "Don't Fuck With My Headlines" DuBow from its website; now it loses vet Pete Newcomb from the magazine. We're told Newcomb heads up the biz book's most recognizable feature, the annual "Forbes 400" list of the wealthiest people in the United States, so one imagines his departure, for Vanity Fair, comes as a bit of a disappointment. Why would he go? No raises around the family-owned mag for the last few years. Which must be even more frustrating when you spend your days reporting on obscenely rich people. more »

TUE JUN 20 2006 AT 9:26 pm
BY
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Kevin Federline

We're Still Stuck on the Stupidity of K-Fed's Media Event

Can we go back for just one sec to the Kevin Federline PR stunt in Times Square today? Yes, it's your rare chance to see The Impregnator out at a public event, and, yes, it's amusing -- if expected -- that the flacks won't let any reporters actually, you know, talk to him. But we must stop to highlight the allegedly philanthropic cause he and Richard Branson are supporting while also drumming for Virgin Mobile. They're working to save the penny. We'll repeat: To save the penny! "[T]o prove the value of the penny in face of its possible legislative elimination," the press release brags, "Branson, Federline and Eggers show their enthusiasm for the nostalgic coin by highlighting the value of the penny and being the first to sign the 'Save the Penny' petition to be presented to lawmakers in Washington D.C." Why the hell would you want to do that? Who needs more pennies? Wouldn't you rather just round everything to the nearest nickel? more »

TUE JUN 20 2006 AT 9:26 pm
BY
65 views

9 comments

Latest by the cornballer: anyone have k-fed's mailing address? i'd like to send him all of my goddamn pennies. more

Conde Nast Portfolio

'Conde Nast Portfolio' Secretly Targets Anachronistic Dutch Billionaires

Think that ƒ in the middle of Portfolio is merely a design flourish in the forthcoming mag's logo? Maybe it's just a way to scoot the ascender of the "f" far enough right to nestle the words "Conde Nast" in there? Perhaps. But a reader points us to another explanation: more »

TUE JUN 6 2006 AT 9:26 pm
BY
225 views

1 comment

Advertising

Couric's Departure Paved in Gold

AdAge reports today that Katie Couric's goodbye isn't just massaging her ego; it's also giving a healthy rub and a happy ending to NBC, which has more than doubled its ad rates for today's episode of the Today show. 30 seconds of air time went for $110K, with the network selling off the last of its available space sometime last week. more »

WED MAY 31 2006 AT 9:27 pm
BY
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Martha Stewart

Back to the Future: Martha in Court

Oh Martha, Martha, Martha. Just when her problems seemed to be over -- a handmade poncho heals all wounds! -- the long arm of the law comes back for a bitch-slap. Today, Thursday, is the deadline for Martha to respond to a three-year-old civil suit filed against her by the Securities and Exchange Commission for insider trading of 4,000 shares of ImClone in 2001. Having maintained her innocence on the same criminal charges, one would suppose that she'll take the same stand for this round, and trial preparations would begin. more »

THU MAY 25 2006 AT 9:28 pm
BY
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Money

DailyCandy Is Testing You

Today, rather than tell you pretty ladies how to be even prettier, DailyCandy has a reader survey. Just be careful: answer incorrectly, and you may be blackballed from Intermix -- or their mailing list.

Daily Candy New York Reader Survey 2006

TUE MAY 23 2006 AT 9:58 am
BY
88 views

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New York Times

'Times' Star System Lives On -- for Four Years at a Time

Thought the star system at The New York Times died with Howell Raines' editorship? Perhaps in the public eye, yes. But in the way that really matters -- the pocketbook -- far from it. Since 1990, it turns out, the Times has awarding favored writers a special "senior writer" status -- which is to say, a we-like-you cash bonus. But there's a problem! With no one moving out of the senior-writer slots, there's no way to move new people in. And so there was a memo from Bill Keller yesterday: Senior writer terms will now last for only four years, after which you might be renewed but might not be. This way, there'll be new slots opening regularly, and the chance for new hotshots to get their bonuses. more »

FRI MAY 5 2006 AT 9:30 pm
BY
118 views

1 comment

Latest by Leon Freilich: WHORTATORY MEMO Junior writers at The Times, Mull on your lower caste, Grovel at the feet of the stars Whose work is unsurpassed. more

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