In Ledger Mystery, ‘Post’ Goes After Mary-Kate. Cops, Not as Much
FINANCE • Chase CEO Jamie Dimon has some big plans at Davos this year: "Number one on my list is world peace." [MarketBeat/WSJ, DealBook/NYT] • Looks like Steve Schwarzman is green only with greed — his newest moneymaking scheme hinges on building huge coal plants in pristine locales in the American West. [Fortune] • Société Générale, the second biggest bank in France, found that one of its "plain vanilla" traders had taken "massive fraudulent directional positions…far beyond his limited authority" that would ultimately end up costing the bank $7 billion. It is, according to the Times, "an exceptional fraud." Seriously! Quelle balls! [NYT]
"I signed a new contract last year," [Dunn] says. "We were working on it from last September. There wasn't a great deal of rush because I wasn't going anywhere, anyway. So I'm definitely tied in for the next couple of years, at least, and probably longer."Dunn also explained that he will remain editor-in-chief of the tabloid, which means that any high-profile British editor (like Daily Mirror editor Richard Wallace, who Kelly reports has talked to the News and turned them down thus far) will have to fill a different role. "We've got some big announcements coming up in the first part of this year," Dunn said. "Major announcements, which are going to cause huge amounts of extra work." Ooh! Like what? Surely not another ill-fated weekly celebrity magazine. Perhaps a new Web presence to compete with PageSix.com? A full-fledged national edition? Ooh, ooh! We know! A Website with live streaming video: AllCopFuneralsAllTheTime.com! Daily News EIC: Actually, I Have a New Contract [Mixed Media/Portfolio] MIRROR ON THE WALL [NYP]
MEDIA • Rupert Murdoch won't officially take over the Journal until tomorrow, but he's already dipped his tentacles deep into the paper. Rumor has it the Journal will dismiss two or three dozen people, to be replaced with Rupe's cronies, and then go on a hiring spree. Oh, and apparently Murdoch briefly considered dropping "Wall Street" from the title. Tells you something about where the paper's headed. [NYT] • Sadly, Jane Pratt won't actually be starring in a reality-TV show titled American Ugly, as we reported yesterday. C'mon Jane, don't you love us? [Mixed Media/Portfolio] • New York Post "Metro" editor Dan Colarusso, whom Col Allan praised as "a quintessential New Yorker," walked out of the newsroom and quit yesterday. No word on why, but seems pretty quintessential to us. [Runnin' Scared/VV]
FINANCE • The newest Citigroup rumors suggest a "tag team at the top": Financial whiz Vikram Pandit will take over as CEO, while the more socially astute Robert Willumstad handles chairman duties. We're just not sure "tag team" means the same thing for us as it does the Times? [DealBook/NYT] • Morgan Stanley issued a full recession alert for the U.S. economy today in the oh-so-subtly titled "Recession Coming." Meanwhile, a recent Journal poll of top economists puts the risk of recession at 38 percent. [Telegraph, WSJ] • Thirtysomething Blackstone real-estate guru Jonathan Gray is getting rather comfortable in the top tier of the young establishment. [DealBook/NYT]
The latest salvo in the war on Christmas comes from an unlikely source — the famously conservative New York Post!
New York Democrats Say License Issue Had Little EffectFrom today's New York Post:
Democrats declared yesterday that Gov. Eliot Spitzer’s plan to give driver’s licenses to illegal immigrants had not proved to be the electoral boon Republicans had hoped for in local elections
GOV'S PLAN GIVES GOP ELEX BOOST UPSTATEThat was educational, wasn't it?
Upstate Republicans yesterday got an electoral lift from Gov. Spitzer's controversial plan to allow illegal immigrants to obtain driver's licenses.
Worst Roommate Ever
The GOP Is Serious About Impeaching P.A. Judges for Reversing Their Gerrymander
Queer Eye on Queer Eye: The Case For and Against Antoni Porowski
Maybe Fergie’s National Anthem Performance Was Actually Good
Every Brutal Marco Rubio Exchange From the CNN Town Hall on Gun Violence
We Asked a Gynecologist About That Ice-Cream Scene in Fifty Shades Freed
Trump Brought Notes Reminding Him to Listen to Shooting Victims
Does Michael B. Jordan Have to Keep Buying Sweaters Because His Arms Destroy Each One?
The Poison We Pick
‘Drunk Woman’ at BRIT Awards Turns Out to Be Haim Sister