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The Tide Is High, But the Downturnaround Is Holding On

Sure, the markets are tanking, but the Noels are still lunching, and a bank in New York is actually HIRING. And other things to feel hopeful about, in our semi-regular digest of good economic news.

By Hugo Lindgren

Tom Wolfe Still Making Sweeping, Mostly True Generalizations

The writer predicts "the end of capitalism," and may be right; Ariana Huffington talks about her beef with Tim Russert; and a Manhattan lawyer does due diligence with the Other Side, all in our daily rundown of weird, wonderful finance, media, law and real-estate news.