• Adam Lambert put an end to the speculation about his sexuality by going out to a nightclub last night with his boyfriend Drake LaBry. The two held hands and occasionally kissed.

• "When people saw Adam walk in all heads turned in his direction," said a source. "And it was obvious Adam was so proud to be there with Drake. So proud. As people were coming over to meet the singer Adam made a point to turn to Drake and introduce him to the crowd as his boyfriend." [Star]
• Michael Jackson told the promoter who is planning to sue him to perform in a concert with Janet Jackson and the Jackson 5 that he will do the concert in 2010. However, the promoter says he doesn't trust Jackson's word and he'll still sue unless he signs a contract. [TMZ]
• Diversity, the dance group that beat Susan Boyle, has already been booked by Kanye West to performat the Wireless Festival at London's Hyde Park in July, and it's rumored the Michael Jackson wants to work with them. [The Sun]
• Seven out of 10 Brits think Susan Boyle shouldn't have been allowed to appear on Britain's Got Talent according to a survey of 3,000 people. The article notes that she has "learning difficulties," and that people feel contestants on reality shows should undergo psychological testing before competing. [The Telegraph]
• At the trial yesterday of Tiny Virginia Makopo, the former matron of Oprah's school for girls, a teacher testified that Makopo forced one of the girls to watch pornography. [The Daily Mail]
• Here's some clips of Spencer and Heidi Pratt on the first episode of I'm A Celebrity Get Me Out Of Here complaining that they're big celebrities, and they want NBC executives to get them out of there. It's may be fake drama for the cameras. Bonus: At the end of the clip Heidi eats a rat's tail. [TMZ]
• Or maybe it's not so fake. After Spencer and Heidi Pratt quit and rejoined the show several times during the first episode, NBC flew in Daniel Baldwin to join his brother Stephen Baldwin, who is already in the jungle, and Holly Montag, Heidi's sister. [People]
• Last night Lauren Conrad's last episode of The Hills aired. She wrote on her blog: It was a bittersweet night for me. A part of me is sad to say goodbye to something that has been such a prominent part of my life, but I know that it was time and I am very happy with my decision," adding, "From what I've heard the next season will not disappoint." [Perez Hilton]
• Last night's episode of Jon and Kate Plus 8 showed Kate Gosselin celebrating her birthday with the kids while Jon Gosselin was in Utah with friends for a few days. Now a source says that his girlfriend Deanna Hummel was in Utah with him too. In other news, TLC has ordered 40 more episodes of the show and posted an ad on Craigslist looking for more families with multiples who want to appear on TLC. [The L.A. Times]
• The trophy Shawn Johnson won on Dancing With the Stars is in peices. "We had to take them to New York and they shipped them back and when they opened the box, they were in pieces," said her dancing partner Mark Ballas. "They're fixing them." [E!]
• 50 Cent said in court today that he wouldn't have bought Mike Tyson's mansion if he knew it needed millions in renovations. He's suing BVH Integrated Services, which he hired to inspect the home for him. They estimated it needed $500,000 in repairs, but so far 50 Cent has spent $6 million. [Associated Press]
• 50 Cent will star in the police corruption drama Caught in the Crossfire with Chris Klein and Adam Rodriquez. [Variety]
• After having dinner together at Tom Hanks' house, Jennifer Aniston invited Paul McCartney over to her home for lunch. [The Sun]
• Brandy has reached a settlement with the children of the woman who died in her 2006 car crash. Awatef Aboudihaj's two kids will receive $300,000 each. Her husband rejected Brandy's settlement offer in February. [TMZ]
• Though some have claimed Robert Pattinson has airbrushed-on abs in New Moon, costar Kellan Lutz says he's been training with fellow star Taylor Lautner. "Taylor been training Rob a lot, and that's why he's got such ripped abs. Rob's been working hard. He's trying to be the best he can be," says Lutz. [The Daily Express]
• Another day, another Robert Pattinson-Kristen Stewart rumor. A source says, "Robert and Kristen spent a lot of alone time together when they filmed the first Twilight movie - they'd stay up most of the night talking, laughing, playing music. Although [Robert] knew Kristen had a boyfriend, he made no secret of the fact that he was crazy about her." [Perez Hilton]
• The Real Housewives of New Jersey werer on the fourth hour of the Today show this morning. Danielle Staub alluded to the allegations that she was involved ina kidnapping and extortion plot saying, "I can just say, it's out there and it will be addressed. And I will definitely touch on all the subjects that are crucially in need of touching on at the time when the time is right." Also, Jacqueline Laurita couldn't be on the show because she's about to give birth to her third child and Teresa Giudice is pregnant. [People]
• Zac Efron will make a cameo on Entourage. Here's some scintillating gossip from the Beverly Hills Niketown where he was filming: "He was filming a scene and talking on his cell phone," says one Niketown employee. "None of the other Entourage cast was here. He was really nice." [E!]
• Rashida Jones and Obama speechwriter Jon Favreau have been seen out together many times this past week, fueling rumors that they are dating. [Politico]
• Jamie Kennedy showed up for an interview on the Johnjay & Rich radio show yesterday with girlfriend Jennifer Love Hewitt in tow and she did most of the talking. She said he'd better propose to her by next year and talked about Carrie Underwood snubbing her. You can listen to it here: [Perez Hilton]
• When talking to a gossip columnist, Vanessa Minnillo pointed to a 5-carat ring on her middle finger and said, "It will be 10 carats when it moves to the fourth finger!" as a not-so-subtle hint to Nick Lachey. [People]
• Michael Hall, husband of Michael Caine's daughter Natasha, is being sued by a former business associate who says he didn't pay him his cut of a large property deal. [The Daily Express]
• Trent Reznor says his former protégé Marilyn Manson is "a malicious guy and will step on anybody's face to succeed and cross any line of decency. Seeing him now, drugs and alcohol now rule his life and he's become a dopey clown." [Rolling Stone]
• Stephen Dorff is reportedly dating his publicist. [The Daily Express]
• Joan Rivers is selling the Upper East Side penthouse she bought 20 years ago for $25 million. You can check out pictures of her home, which looks like it was modeled after Versailles, at the link. [New York Magazine]
• Mary-Kate and Ashley Olsen went out together last night to celebrate a friend's birthday. An onlooker says, "They danced non-stop with their friends and playfully took photos of each other... They loved the music the deejay was spinning." [People]
• Pink Floyd co-founder Roger Waters visited a Palestinian refugee camp next to Israel's West Bank wall today. he said he hopes that "this thing, this awful thing, is destroyed soon." [Yahoo]
• Madonna will perform in Tel Aviv on September 1 for the last stop on her Sticky and Sweet tour. Her website says she's "very excited about returning to Israel for my last and final show." [USA Today]
• It seems Morrissey has recovered from his undisclosed illness. He's rescheduled four cancelled concerts for later this summer. [The Independent]
• Exene Cervenka of the punk band X, co-lead vocalist has revealed that she has Multiple Sclerosis. "After some months of not feeling 100% healthy, I recently had some medical tests run and the prognosis is that I am suffering from Multiple Sclerosis," Cervenka said. "Apparently, it has been affecting me for quite some time." [Rolling Stone]
• Diane Kruger is considering moving to Vancouver to be closer to Joshua Jackson. "My boyfriend's show [Fringe] is being transferred there," says Kruger. "He's from there. I'm going up this weekend but to see what it's like." But, she says, "it doesn't matter where we're going to live. We have no attachments anywhere. Home is where the other person is and that's really great. I could live anywhere as long as he's there." [The Telegraph]
• When Sports Illustrated reporter Dan Patrick asked Danica Patrick about taking performance enhancing drugs, she made some innocuous joke about it not being cheating if you don't get caught. This caused a huge controversy in the racing community and now she's apologized saying, "The whole interview with Dan [Patrick], and every other interview I've ever done with Dan, the questioning comes from left field. It was just a joke and I really apologize if it came across any other way. ... It was a bad joke. There is a lot of sensitivity in our culture about [performance-enhancing drugs]. With all the baseball stuff, I've followed it and this is a real problem. It's a shame kids think they have to do this to get ahead. It's very dangerous. ... It's absolutely not what I'm about. I've learned my lesson on what I should be joking about." [Sports Illustrated]
• When asked if she loves being pregnant with twins, Molly Ringwald said, "No. I don't hate it, though. There is something wonderful about it." She added, "I find it difficult to be restricted in my movements and to feel vulnerable all the time. I am used to feeling very strong and active." [People]
• "I never hook up," says Katy Perry, "If I really like a person, then I'll go on a date. But you'll never catch me just randomly making out with someone. I'm not casual at all. I've always been into making a connection with someone. That's what it's all about for me. Besides, it's sexier to be mysterious and not give it away." [People]
• Beth Ditto of The Gossip says she's willing to start a "band feud" with Katy Perry. She explains, "['I Kissed A Girl'] is a] boner dyke anthem for straight girls who like to turn guys on by making out or, like, faking gay. I hate Katy Perry! She's offensive to gay culture, I'm so offended. She's just riding on the backs of our culture without having to pay any of the dues and not being actually lesbian or anything at all." [The Daily Express]
• Nia Vardalos says: "In 2004 I came to the end of a 10-year infertility battle that knocked me over. So I decided to just quietly withdraw and write, and I enjoyed it... Now having come through it, I highly recommend it. I think when you let go and try and stop making things happen, you come out of it quite invigorated," Vardalos told Reuters. [Reuters]
• Michael Sheen, who played Tony Blair in The Queen received an OBE from the real queen for his service to drama, even though Queen Elizabeth probably isn't familiar with his work. He said, "I heard through a fairly reliable source that there was an agreement she was not going to watch the film and Mr. Blair wasn't going to watch the film either." [The Star]

According to David Pilling in the Financial Times, Japanese housewives — sometimes collectively called "Mrs. Watanabe" — have controlled most of the country's savings since WWII. With interest at Japanese banks close to zero in the early 2000s, Mrs. Watanabe began investing in foreign currency, and in more exotic financial instruments like foreign-invested mutual funds, collateralized debt obligations, and even eastern European mortgages. The outflow of money caused the yen to fall, and contributed to the worldwide excess liquidity that may have helped cause the financial crisis.

The recent rise of the yen wiped out the returns of some currency speculators, but it couldn't take away the new attention Mrs. Watanabe and her investments have enjoyed. Economist Noriko Hama says women in Japan have always held great decision-making power:

Take a typical Hollywood film when something goes bump in the night. [...] The wife would invariably say to the husband: 'Do something. Go and see what this is all about.' But in a Japanese setting, it would be the woman who gets up and takes care of things. [...] The men pretend to control the larger decisions. There's a lot of keeping up appearances in terms of letting the men feel that that's the case. But all the groundwork has been done by the wife. It's just an endorsement ritual that the men get up to.

But since they began investing abroad, women have gained new fame. Yukiko Ibebe neglected to pay taxes on the 400 million yen she made in currency trading, but she parlayed her success into a lecture tour and book. And Fumie Wakabayashi has her own investment game for Nintendo DS.

Still, Mrs. Watanabe may not be getting as much respect as a Mr. Watanabe might. Of investor Nakako Ishiyama, Pilling writes: "As she lists each one she invariably adds as a suffix the words nantoka nantoka – 'something or other' or 'thingamajig.' It is not altogether reassuring." Ishiyama's investments did lose money, but so have most people's, and there is evidence that some financial instruments on the market before the crisis were too complicated for even investment bankers to understand. Pilling's piece is otherwise pretty balanced, but its portrayal of Ishiyama as a "shy and anxious" bubblehead shows that the recession — and coverage thereof — is definitely a feminist issue.

Japan's fearless women speculators [Financial Times]
The economy is a feminist issue [Broadsheet]

But alas! The internet was "negative" and "judgmental" about the "mutually beneficial" agreement that nets her about $5,000 a month. She is back today with quotes from her sugar daddy in a misguided effort to set the record straight. The main thing she wants you to know is that she's not a hooker. She and her sugar daddy are just regular boyfriend and girlfriend. Their relationship is wholesome, you see. Her "sugar daddy" plays golf with her actual daddy, who of course doesn't know the financial agreement the SD has with his daughter. And there's more:

Q: So the majority of bloggers felt that our relationship was prostitution, with me as the prostitute and you as the john, mainly because of the financial aspect of our relationship. What would you say to them?
A: Well, I would say that I think of our relationship as pretty much a marriage. Just like a husband provides for his wife, I provide for you. I'm lucky enough to be able to financially give you anything you could want, and if people resent that then that's too bad for them. I think the biggest misconception with some of the readers was that we aren't monogamous. Neither of us have any other kind of relationship, whether emotional or sexual, with anyone else.

Well, Ms. "Beech", no one "resents" the fact that you're financially blessed any more than they resent any other rich person. The upswelling of negativity was because of the heinous, braggy attitude you had about the whole sordid thing. In this piece, you say your lifestyle should be the "envy of any young woman who enjoys life." And in your last screed, you bragged at length and in great detail about your lux life. Remember?

I rent a $1,600 apartment in the city, for which he pays the rent in full. I carry an AmEx Black card in both our names, and use it for things like shopping, spa trips, manicures, and tanning; the bill goes to him. And the company car I drive costs him around $700 a month for the lease and the insurance. I’ve even managed to build up a little nest egg over the past year—at his insistence—putting away around $12,000. All in all, he probably spends in the ballpark of $5,000 a month on my lifestyle…We went to London and Paris last spring, where we saw the sights and shopped at stores like Chanel and Dior. How many other college students are wearing Christian Louboutins to class?

I'm not going to get into the moral dubiousness of your proposition, or how narcissistic it is to assume that everyone wants to emulate your existence. Whether or not you're a prostitute is actually irrelevant when you consider your gross public materialism. (You even mentioned that the "job market was sliding into decline" in your first essay, so obviously, you know we're in a recession.) To boast about the egregious sums of money being spent on your grooming, wardrobe and upkeep is gross to the extreme in this kind of economic climate; I don't care who's paying for it.

The Sugar Daddy Replies [Daily Beast]
My Sugar Daddy [Daily Beast]

Earlier: Sugar Daddies: Easier Than Work-Study For College Students