Another Sad Day for Schwarzman

• Where has all of Steve Schwarzman’s money gone? A report saying that his fund would earn less than half of what was predicted caused Blackstone’s stock price to tumble. [NYP]
• Former Countrywide Financial, Citigroup, and Merrill Lynch execs get ready to explain to Congress why they got huge paychecks as their shareholders lost billions. [DealBook/NYT]
• Financier Carl Icahn ups his stake in Motorola. [DealBook/NYT]

• The motto of The Wall Street Journal’s new glossy supplement: “Don’t disrespect rich people’s respect for money.” [WWD]
• Why aren’t there more female sports reporters? Don’t people who like to watch sports also like women? [Big Lead]
• Jerry Seinfeld is in talks with NBC to star in a show that sounds very similar to his old one. Which would be, you know, great. [NYP]

• New York City assemblyman Adam Clayton Powell IV faces charges of drunk driving. Not, unfortunately for us, on Adam Clayton Powell Jr. Boulevard. [NYT]
• Writer Walter Mosley’s ex-wife claims she’s entitled to 25 percent of the income from his books. []
• Visa’s lawyers could hit the big bucks if the credit-card company goes ahead with an IPO. []