Suze Orman
What Did Everyone Do on Halloween?
While Allison Sarofim's annual Halloween party took place the weekend before Halloween, most people celebrated on the actual day since this year it fell on Friday--and there were plenty of masquerades and balls for New York's socials to attend. Some stopped by the several parties going on around town, while others camped out and grazed on bottle service at one location. Here's the Daily Transom's roundup of who went where, as what, and with whom, based on some careful perusal of the Patrick McMullan website.
The biggest socialite turn-out seemed to be at the Rose Bar at the Gramercy Park Hotel, where the bar's creative director Nur Khan and One Management modeling agency president Scott Lipps threw a Halloween party hosted by Jeremy Piven and model Jessica Hart. The costumes trended to the traditional, with Fabiola Beracasa and Genevieve Jones dressed as nurses, Alex Kramer as a school girl, Julia Restoin Roitfeld as a sexy maid, and Russian designer and gallerist Dasha Zhukova as a sailor. read more »
In Praise of Suze Orman
Yale economist Robert Shiller, author of the recent The Subprime Solution: How Today's Global Financial Crisis Happened and What to Do About It and the now immortal Irrational Exuberance, praises Suze Orman in a Wall Street Journal op-ed this morning. The relentlessly sunny Ms. Orman, like only a few other financial gurus, warned people of the current calamity should they not be careful about their property investments.
She was not the first to warn of the housing crisis. In fact, in her 2005 book, published at the height of the housing boom, she says "a home is flat-out the best big-ticket purchase you will ever make" and she gives no warning of the housing debacle we have since observed. But to give credit where it is due, she did warn in that book that adjustable rate mortgages "can become a nightmare soon after" when rates reset upwards. She warned readers not to accept lenders' judgments about how much is OK to borrow. Moreover, she provided detailed advice about the total cost of owning a home with advice to "set your own budget."
Morning Memo: Rest in Peace, Yves Saint-Laurent
Designer Yves Saint Laurent died at home in his apartment in Paris yesterday at the age of 71. [NY Times]
Tatum O'Neal, who wrote a memoir in 2004 about her drug addiction, was arrested for buying crack on the Lower East Side on Sunday morning from a homeless man. [NY Daily News] read more »
