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Jim Cramer, Manipulator?

FINANCEMad Money host Jim Cramer (and New York columnist) recalls his good old days of stock manipulation. [YouTube via NYP] • Activist shareholder Evelyn Y. Davis demands that the board of Goldman Sachs stop distributing stock options immediately. [DealBook/NYT] • Wannabe buyer attacks Smith & Wollensky CEO, claiming that accepting another, lower bid would personally benefit Alan Stillman. [Crain's]

Gareth Pugh Dazzles But Doesn't Sell

FASHIONGareth Pugh, the darling of London Fashion Week, has yet to turn his critical acclaim into commercial success — he hasn’t sold one dress. [British Vogue] • Pete Doherty continues his rise from junkie rocker to fashion "It" boy as he graces the cover of this month’s Vogue Homme. [WWD] • St. John's abandons its youth outreach program — sexier, fitted clothing modeled by Angela Jolie — and returns to its conservative, older-woman roots. [LAT]

CBS Sports Understands the Kids and the YouTube

MEDIA • CBS Sports launched an NCAA Tournament channel on YouTube yesterday. Not everyone's afraid of the Web. [MediaWeek via mediabistro.com] • But things aren't as good over at CBS Radio, where CEO Joel Hollander is letting his contract lapse after disagreements with Les Moonves. [NYP] • Starting this weekend, you can add the Sunday Times of London magazine to the pile of things you don't have time to read. [WWD]

Bush-Cousin Judge Won't Be Investigated for Car Crash That Killed New Haven Cop

A federal judge who is George W. Bush's cousin killed a New Haven, Connecticut, police officer in a traffic accident in October, and this afternoon New Haven police decided not to pursue criminal charges. Judge John Mercer Walker Jr., a senior judge on the U.S. Court of Appeals for the Second Circuit, is first cousin to former President George H.W. Bush — they share a grandfather, George Herbert Walker — and first cousin once removed to the current president. On October 17, in what a New Haven police spokeswoman termed "difficult weather conditions," the 66-year-old Walker was driving an SUV that struck 38-year-old Officer Daniel Picagli, a seventeen-year veteran of the New Haven police department.

Notes Go Missing in Charney Case

LAW • Gallion & Spielvogel is drawn into Aaron Charney case when notes the firm kept during a settlement conference are destroyed. [Soloway via Above the Law] • State Chief Judge Judith Kaye asks business leaders to lobby for judicial pay raises. [Crain's] • Harvard Law tops the list of 25 leading schools based on the success of its graduates. [Law Dragon via Above the Law]

How Much Is Mike Bloomberg Worth?

FINANCE • Will new accounting rules force a clearer picture of Mayor Michael Bloomberg's net worth? [Breaking Views via WSJ] • Two of the thirteen people recently indicted for insider trading were Long Island football heroes. [Newsday] • Students graduating from the country's leading MBA programs can command starting salaries over $180,000. [Bloomberg]

Giant Bonuses for Former Clerks Make Judges Feel Even Worse

LAW • Associate pay raises are pretty good, but $200,000 signing bonuses for former Supreme Court clerks are even better. [Slate] • Ben Rosenberg starts work today as chief trial counsel for the New York State attorney general's office. His first task is to win back some of Dick Grasso's money from the NYSE. [Law Blog/WSJ] • Lawyers who play Second Life are bringing their real legal expertise to this artificial world. [ABA Journal via Legal Blog Watch]

NYSE President-To-Be Better Watch His Back

FINANCE • In the ongoing war between man and machine at the NYSE, incoming Exchange president says he doesn't want "five guys named Vinnie" completing his trades. [NYP] • Operation Spamalot: SEC suspends trading on 35 stocks promoted in recent spam campaigns. [NYT] • Ivan Boesky slated to appear in the can't-believe-it's-not-out-already sequel to Forrest Gump. [/Film via DealBreaker]

The Perfect Firetrap

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• Yesterday's lethal Bronx fire was a perfect storm of human error: faulty wiring, two dead smoke alarms, no fire escape, the tenants' panicked attempt to deal with the flame themselves, and a tardy rescue truck. [NYT] • Look who's back in business: Former mayor Ed Koch will head a commission that will review, and help reform, the state comptroller's office. Also on the commission: Tom Suozzi, the would-be Spitzer, and the AFL-CIO chief. We're getting serious "shadow government" vibes. [amNY] • Mathieu Eugene, who beat nine opponents for a City Council seat, is demanding a revote. Despite his decisive victory, Eugene can't take office: He flouted the residency requirement by living in Canarsie before the election. Meanwhile, leaderless East Flatbush shockingly does not descend into anarchy. [NYDN] • In a Law & Order–worthy case of creative definition of jurisdiction, the Manhattan D.A. is indicting a Brazilian congressman, Paulo Maluf. Maluf has never been in New York, but his money sure was: $11.6 million of it, all allegedly stolen and funneled through a Fifth Avenue bank. [MetroNY] • Speaking of Law & Order: The community-board meeting on renaming a midtown intersection the Jerry Orbach Corner turned into meta-farce when Sam Waterston showed up to address the surly board. The vote ended in hung jury. [NYT]

Heatherette Honcho Throws Weirdly Normal Birthday Party

FASHION • Heatherette designer Traver Rains turned 30! And, apparently, his "Wild West" surprise party started on time and everyone invited actually got inside. [Fashionista] • Calvin Klein has high hopes that CK in2u will replicate the success of CK One. [NYT] • Giorgio Armani will design uniforms for Russell Crowe's Australian rugby team. [British Vogue]

The Check Went to the Male

What does it look like when a Timesman buys a sex slave? Well, we don't know, because we haven't seen Nick Kristof's Cambodian receipts. But we do know what it looks like when a Timesman lends someone out of prostitution. As part of the legal processes set in motion by Kurt Eichenwald's December 2005 investigative series on online child porn, the $2,000 check he wrote to Justin Berry was subpoenaed. Here it is. (Click on it for a larger version.)

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Debbie Nathan Earlier: 'Times' Prostitute Rescuer Eichenwald, in Testimony, Says He Went 'Off Deep End'

‘Times’ Prostitute Rescuer Eichenwald, in Testimony, Says He Went ‘Off the Deep End’

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Former New York Times reporter Kurt Eichenwald was in an Ann Arbor, Michigan, courtroom this morning, a witness in a child-porn prosecution captioned State of Michigan v. Kenneth Gourlay. But when Eichenwald took the stand, it could have been renamed "$2,000 Check v. Journalism 101" — and Eichenwald's testimony showed he knows he broke the rules. Earlier this week, the Times disclosed in an editors' note that Eichenwald had "loaned" $2,000 to 18-year-old Justin Berry, the subject of a controversial series Eichenwald published in December 2005, which led to a congressional hearing about the danger of Webcams to kids, and to charges against several gay men accused of molesting Berry and helping him manage his porn sites. Eichenwald and the Times had previously disclosed reporting irregularities — that Eichenwald spent several weeks in contact with Berry without disclosing that he was a reporter, that he helped put him in touch with authorities — but news of the loan first appeared in yesterday's paper. He and the paper received a barrage of criticism over the news (he's also received criticism from this reporter, in an incident explained here), and on the midwestern witness stand today, he tried to explain.

Scooter Libby, Convict and — Soon — Subject

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The hottest new almost-trend in publishing: political insta-books, like the Scooter Libby tome commissioned today — a day after his conviction — and due in bookstores next month. For decades there have been successful fast-tracked paperbacks on all sorts of light topics from Star Wars releases to the Pitt-Aniston marriage. The announcement of The United States vs. I. Lewis Libby — to be written be a real reporter, National Journal's Murray Waas and published by Barnes & Noble's nonfiction imprint — comes only a week after news of a Barack Obama insta-book, the first about the presidential candidate (he's written two well-regarded memoirs), delivered only a month after he announced his candidacy. All we need now is one more example, and it's a genuine, certified trend. Doesn't any writer have anything he wants to say about Sam Brownback? BN Imprint Rushes Libby Book to Stores [Galleycat/Mediabistro]

Tyra's Audience Yearns for ‘Oprah’ Tickets

FASHION • Tyra makes audience wear swimsuits and flaunt their weight. No car giveaways here. [Fashionista] • Jeweler Raymond Weil's breach-of-contract suit against Charlize Theron (he says she wore Dior) moves to federal court. [British Vogue] • Ralph Lauren and Johann Rupert join up for a new luxury watch and jewelry line. [WWD]

‘Voice’ Voiceless, Again

MEDIA • David Blum out at the Village Voice. He was the fourth editor there since December 2005. [Gawker] • Flummoxing DVR users everywhere, ABC green-lights a sitcom based on the Geico cavemen commercials. [WSJ] • Pulitzer judging starts today at Columbia University; judges from Willamette Week, the Indianapolis Star, and others read actual printed copies of newspaper articles. [E&P]

Warren Buffett Wants a New Warren Buffett

FINANCE • Buffett 2.0: Oracle of Omaha seeks young understudy to take over Berkshire. [Fortune] • Thirteen charged with insider training, including Morgan Stanley, UBS, Bear Stearns, and Bank of America employees. [NYT] • Goldman, Merrill, and Morgan Stanley traders rate own firms barely above junk-bond status. [Bloomberg]

It'll Always Be Brian Williams's Show

MEDIA • NBC to fire Nightly News exec producer John Reiss. But is it for ratings, or does Reiss not get along with anchor Brian Williams? [NYT and LAT] • Tunku Varadarajan moves from an editorial-page writer to an assistant managing editor at the Wall Street Journal, only the third time in 50 years someone has jumped that divide. [NYO] • Bellevue Hospital starts its own imprint; wannabe Ken Keseys hope for literary success. [NYT]

Traders Feared Terrorist Attacks

FINANCE • The Dow's fall yesterday convinced some traders that terrorists had attacked the city once again. "Our first thought was that they blew up Grand Central, or the Empire State building, or the GW," one said. [DealBreaker] • Adding insult to sell-off, Merrill Lynch slugged five big banks with a lowered rating, downgrading Goldman, Lehman, Bear Stearns, Deutsche Bank, and Credit Suisse to neutral from buy. [Bloomberg] • Carlyle Group co-founder David Rubenstein says that the market for buyouts will cool. "There will be declines. We can't continue like this forever." Speak for yourself, rich guy. [DealBook/NYT]