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‘America's Next Top Model’ Renewed!

• Wipe that sweat off your brow. Even thought the CW's ratings are floundering, America's Next Top Model has been renewed for its eleventh and twelfth cycles because it's the channel's most-watched program. Obvi. [WP]

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America's Real-Estate Conflicts, As Enacted by the Hearst Gals

Veronica Hearst
Veronica Hearst is using her Fifth Avenue apartment and a property in upstate New York as collateral in case the auction for her 52-room mansion in Palm Beach doesn't hit $40 million. Meanwhile, her step-granddaughter Lydia Hearst just bought a $1.49 million apartment in the Sheffield 57 on West 57th. Damon Dash got freaked out by the lunar eclipse. CNBC's Money Honey, Maria Bartiromo, has joined the board at her alma mater, NYU. Cindy Adams thinks Ellen Page is, uh, "a young, white, female Obama."

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Just in Time for ‘Times’ McCain Scuffle, ‘Time’ Editor Says Papers Shouldn't Endorse Candidates

MEDIA • What is the New York Police Department's policy for awarding press credentials? Journalists wonder the same thing. [NYT] • Time managing editor Rick Stengel ponders why newspapers endorse political candidates at a time when news consumers doubt the objectivity of the media. [Time] • Details of the deal that Newsweek struck with George W. Bush's former brain have emerged: It's a two-year, sixteen-column contract. [NYO]

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John King Wary of ‘Superdelegates,’ Anderson Cooper’s Guns

John King
Earlier this afternoon we cornered CNN anchor John King, who’d just finished with a CNN/Time live-panel discussion in the Time Warner Center, and discussed the irony of the Democratic-nomination system, in which delegates in each state primary and caucus are awarded proportionally, instead of a winner-take-all system. “Look, it’s a political party; they have the right to write their own rules,” said King, who used to sit in on DNC meetings as an AP reporter back in the day. “But one of the interesting things about it, if it keeps going on like it is, you could have a group of roughly 800 people — superdelegates — who decide who the nominee is, which you could argue is going [back] to the old smoke-filled back rooms, which is the least democratic way to do it.” This idea confused and saddened us, so we changed the subject to Anderson Cooper’s ostentatious biceps. “I give Anderson an enormous amount of credit, knowing what this business does to you, especially in a crazy year like this,” King said, possibly relieved someone had given him the chance to speak on the subject. “I’m giving myself a C-plus, at best, in getting to the gym and being more healthy, and the fact that Anderson can get an A throughout all this is a tribute to dedication and time-schedule discipline,” he said — quickly adding, “and I curse him for it.” —Dan Amira

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Morgy Says, ‘I'm Too Old to Retire!’

LAW • Robert Morgenthau called a press conference in response to a "Page Six" item about him stepping down after 33 years: "I'm too old to retire." The man is 88! [NYT] • Big-time Mayer Brown partner Joseph Collins, who maintains offices in both New York and Chicago, has been indicted for fraud in the Refco case. [Above the Law] • Which court is the worst "judicial hellhole" in the country? [Law Blog/WSJ]

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Who's the Real Heir to Sandy Weill?

FINANCE • Citigroup's Chuck Prince and Chase's Jamie Dimon are battling it out to see who's the real heir to Sandy Weill. With Citi crashing and Chase eking out a gain despite the credit crunch, it looks like Dimon, long prodigal, may be the true son. [Deal Journal/WSJ] • Treasury Secretary Henry Paulson warned that we may see as many as one million home foreclosures before the end of the year. [NYT] • Want to be a hedger and a do-gooder, work a trading floor and enjoy the peace of mind of a nonprofit? Join the World Bank like former Goldman exec Robert Zoellick, and you can manage $55 billion in assets. [NYT]

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