Tom Wolfe Still Making Sweeping, Mostly True Generalizations

Tom Wolfe
Tom Wolfe Photo: Getty Images

FINANCE
• Last year Tom Wolfe was on the floor of the New York Stock Exchange with a friend and the author prophesied, as he does, that "we may be witnessing the end of capitalism as we know it." While this didn't exactly come true, capitalism today is a very different — and worse — business. [DealBook/NYT]
• There is life after Bear Stearns: BS money manager Jeff Lane and general counsel Michael Solender find work at Modern Bank, which caters to the wealthy and Washington Mutual, respectively. [WSJ]
• Ticketmaster is expected to be spun off from Barry Diller's IAC/InterActiveCorp by late July or early August and will borrow $750 million to pay a dividend to its former parent. [LAT]

MEDIA
• Arianna Huffington says her beef with deceased Meet the Press host Tim Russert was nothing personal; she'd only met him once. In fact, she doesn't know most of the people she insults: "I have a whole section in my book describing Bob Woodward as the dumb blonde of American journalism. You could say there was something personal but I've barely met him." [Mixed Media/Portfolio]
• CNN and Fox have cracked down on their journalists who took an all-expenses-paid trip to Las Vegas courtesy of JetBlue and Thrillist. The New York Post and Daily News, however, don't seem to mind the junketeering. [Mixed Media/Portfolio]
• Former Seventeen and CosmoGirl editor-in-chief Atoosa Rubenstein follows in the footsteps of teen girls everywhere by posting bikini shots on her Facebook. Only these are preggers bikini shots. [Gawker]

REAL ESTATE
• Winona Ryder sold her Gramercy Park condo. [NYO]
• Politicians and yuppies alike are not thrilled about Brooklyn's plan to expand and revamp the House of Detention on Atlantic Avenue, which hasn't housed inmates since 2003. [Brownstoner]
• SoHo Mews, a development on Wooster Street with prices ranging from $2.4 to $11 million, is taking a road show to court buyers abroad. [Curbed]

LAW
• Jared Specthrie, Robert Sugarman, and Lawrence Milberg, are the three "conspiring partners" unnamed but often alluded to in the criminal investigation against Milberg Wiess. [Portfolio]
• A Manhattan attorney uses a psychic to help select juries and anticipate the opposing team's arguments. [Newsweek]
• Here's a piece of advice from the new book The Unhappy Lawyer: Ditch your friends who are attorneys. [WSJ]