Ratner, Lopez Do Business the Old-Fashioned Way
Major decisions and policy changes often seem to come out of nowhere in Albany, thrown together in the late-night rush to beat the close of a legislative session. But when it comes to Bruce Ratner and Atlantic Yards, the foundation for such maneuvers has been quietly in the works for years. And last night, the savvy stroking paid off for him yet again. It’ll cost you, though.
Rihanna the Only Must at ‘EW’ Event We’ve rarely seen product whoring as skillfully integrated with event design as it was at last night’s Entertainment Weekly “Must List” party. Some of the décor didn’t quite make sense, like the two lifeguard booths smack in the middle of Gotham Hall. There was a giant sculpture of the number 25, which we later discovered was made of Diet Coke bottles. (You’d think Coke was having an anniversary or something.) And Garnier Fructis was in charge of the margaritas, which not only looked like shampoo but kind of tasted like it, too.
Hedge Funds Open to Petty CommonersFINANCE
• Steve Schwarzman’s company may be public, but the Blackstone head retreated and declined to ring the opening bell at the NYSE this morning. [NYP]
• The Supreme Court made it harder for investors to sue companies and executives for suspected fraud. [NYT]
• The Wharton School hired a marketing guy as its next dean. Rich alums, hold on to your wallets. [DealBook/NYT]
Liz Smith Gets Grabby at ‘Manny’ Celebration “My father suggested we do it here,” explained Holly Peterson, and the Four Seasons Grill Room erupted in every possible variation on the worldly guffaw: Peterson’s knack for self-promotion was apparently a well-established meme here. The party celebrated Peterson’s first foray into literature, The Manny a book that gently gender-flips the babysitter-diddling scenario (and incidentally makes Lulu Meets God and Doubts Him read like Madame Bovary).
High TimesDuring his Van Halen days, David Lee Roth used to pay staffers to bring him girls backstage. Pete Doherty writes in his new memoir that he and Kate Moss will get married if he stays away from the drugs. Newly minted NBC chief and notorious party boy Ben Silverman finally took, and passed, his company drug test. Not one of the Republicans Michael Moore invited to the D.C. premiere of Sicko showed up.
the morning line
• Bill Clinton chimes in on the Bloomberg party switch, and he’s all smiles about it: “I suppose he just couldn’t bear to be in the Republican Party anymore,” and he won’t affect Hillary’s margins. [NYP]
• The grad student who drove journalist David Halberstam to his death in a car crash will be charged with misdemeanor vehicular manslaughter: The accident happened when he made an illegal turn. [amNY]
• Jason Giambi finally admitted to steroid use. He will now meet with MLB steroid czar George Mitchell, thus becoming the only current player to cooperate with the probe. [NYDN]
• The Haywards — a wealthy Native American family, who built the Foxwoods casino — say they’re being “shunned” and “pushed out” of the 800-person Connecticut tribe. Which makes them the Trumps of the Pequot. [NYT]
• And the city credits its “hard-hitting” TV ads (starring Ronaldo the Hole-in-the-Throat Guy) with reducing the local smoking rates to a historic low. Could be that. Or could be the fact that you can’t smoke anywhere. [NY Metro]