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Asked and answered: "Now that he owns less than 5 percent of the company's shares, [Burkle] does not have to publicly report his holdings and might have sold out entirely." At press time, American Apparel was trading at $1.06. More »
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Ex-Bill Clinton B.F.F., improbable modelizer, and owner of the private jet known as "Air Fuck One" Ron Burkle bought $6 million worth of American Apparel shares last summer. Then the stock price pretty much plummeted. Now he's reducing his stake. More »
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• Sad news for those who were eagerly awaiting our Boob Slings in the mail: JWOWW's clothing line will not go into production, due to a trademark dispute. All customers who pre-ordered Ms. Woww's spangled wares are to be refunded. [Radar]

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Things have gone from bad to worse for the pants-optional C.E.O. and his t-shirt company. To put it nicely, it's highly probable that the retailer will go bankrupt — and soon. Bluntly: American Apparel is probably fucked. Here's why. More »
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• Isaac Mizrahi video-blogged his excitement over Michelle Obama's decision to wear one of his dresses to the SOTU. "She was saying, 'not let, nor right,' it was kind of like a bipartisan dress," said the designer. [IsaacMizrahyNY]

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• Rumors are flying that Lindsay Lohan is donating her time (except for any free clothes she snags) as Emanuel Ungaro's new "artistic director." This gossip item, however, doesn't spell "Emanuel Ungaro" correctly, so its veracity may be questionable. [Fox 411]

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It occurred to me at a party last night that you could be heading into some serious social occasions this weekend without a full grasp of how fucking awesome Anne Hathaway's ex-boyfriend is, and I can't let that happen because it is the feelgood story of the summer because it's literally impossible not to come away with it imbued in the sense of your own of intellectual superiority. I'll explain! Raffaello Follieri is an Italian ex-convict's son who came to the United States a few years back and met, through a lawyer friend, a sleazy billionaire supermarket magnate named Ron Burkle. The year was 2005. The Orange County Archdiocese had just agreed to pay a record $100 million pedophile settlement and all across the country Catholic churches were trying to sell off their rectories and lyceums and school properties and whatnot. So Raffaello comes in and tells Burkle he has first dibs on all of it. Why? Because he's the CFO of the Vatican. At 26 years old. Does the Vatican even have a CFO? Who knows, right, maybe that sort of thing would be public information if it weren't the Vatican we were talking about. More »
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Your "friends" are probably telling you not to read the indictment. (You know what indictment! The one charging your Ponzi sheming ex, Raffaello Follieri. Look, only 18 pages. It's not a script) And let me tell you something, Anne, and this is beside the point, but those same fucking friends avoiding the topic, telling you reading all the press will only be "painful" are also secretly ordering your light Frappuccinos REGULAR, and marking the side of the plastic cup with their own sharpies so that you THINK they're light even though they taste "deceptively" high fructose. Okay, maybe they're not, but the point is, I bet you are perceptive enough to distinguish a real Frappuccino from a Splenda-sweetened one but the man you loved held himself out to be the CFO of the Fucking Vatican and the whole time he was nothing but a uniquely shameless Italian con artist living in a $90,000 a month apartment with a $60,000 housecleaning service you NEVER KNEW THE DIFFERENCE. You, Anne, are kind of stupid; this is your intervention; most pretty girls in this country never get one so consider yourself blessed. Not that I know you, I am just speculating, not on the basis of the fact that you just likened making out with Steve Carell to a "yummy lollipop" but on the basis that you once called "charity work" such an "aphrodisiac," which would be an idiotic thing to say if your boyfriend was the Pope himself, but ha ha, no, you probably just thought he was friends with the Pope. Which brings me to my very fave part of this indictment: More »
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Gennifer Flowers, I think you spoke for many of us humans when you said that you supported Hillary with all your feminist cockles but for her and — these are your words not mine — that "idiot husband" of hers. A new, and controversial, Vanity Fair piece explores the nature of Bill Clinton's idiocy, or more precisely his "id," and we read it last night so you wouldn't have to actually labor over any of that elegant prose. (Key phrases: "repellent grandiosity," "cavernous narcissism," "Bubba Trouble.") The piece's writer, Todd Purdum, is married to Dee Dee Myers, who used to work for Clinton, just to show you…you don't need to be the worst president in the history of America to disillusion your old staff! Click to find out about Bill's "fast crowd" of nefarious sex predators, nefarious dictators and attractive extracurricular arm candy! And renew your sympathy for Monica, Chelsea, and all the other girls he's loved before, namely one particular long-suffering senator from New York. More »
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• Brad Pitt, Angelina Jolie and all of their kids have hit the French Riviera. They're staying in a villa owned by Microsoft's Paul Allen that has breathtaking views of the Mediterranean Sea. A source says: "They love France and will now be here until after the babies are born and Angie is looking at Marseille hospitals as a potential place to give birth." [E!]

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Yesterday, Hillary Clinton promised America financial salvation via thousands of new "green-collar jobs" that would banish poverty while saving the giraffes and puppies and rain forest cafes and also, be created in 90 minutes or less upon her inauguration. Today, we learn that Bill Clinton may make $20 million upon divesting from a business partnership with a billionaire modelizer who liked to fly him around in a private jet they nicknamed "Air Fuck One." Yup, it's Ron Burkle, and it's not clear what Bill ever did to earn all that money or beyond that, how beholden he is at this point to the fossil fuel-collar class of the United Arab Emirates. What we do know is that an hour in a private jet burns as much fuel as a year driving your non-hybrid car to work on your new job installing solar panels and maintaining windmills, so...yeah, "crappy" is right on point to describe our outlook for the economy today! More »
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Remember Ann Hathaway's Italian Vatican-certified "I get wet just thinking about his charity work" boyfriend, Raffaello Follieri? You always knew he was a piece of shit. (Seriously, like Anne Hathaway is really a discriminating judge of character.) So today the WSJ's John Emshwiller, the original exposer of the full extent of the bullshit that was Enron, takes a look at the bullshit that is Raffaello Follieri in a fascinating piece about the Clintons and how they never met an ill-gotten gain they didn't love. Ron Burkle makes an appearance, as do Terry McAuliffe and especially top Clinton aide Douglas Band. A summary, for the ADDs: More »
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• Baby-faced baby mama Jennifer Garner will soon be shilling anti-aging products for Neutrogena. [WWD, 1st item]

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