• Stephen Baldwin told a reporter at CPAC, "I am not happy about the way things are. I pray for President Obama every single day. But tell you what. Homey made this bed, now he has got to lay in it."

• Kim Kardashian isn't just coming to the tents to show her Bebe line — she'll join Felicity Huffman and Estelle, among other celebrities, in a fashion show to raise awareness of heart disease. [WWD]

The NBC Universal's Press Tour Cocktail Party at Pasadena's Langham Hotel was clearly one of those mandatory company events, which maybe explains the wide range of stars - and the passive-aggressive acts of dressing on display.

• Michelle Trachtenberg is designing a line of jewelry for Coach's Poppy brand. Expect "colorful crystals." [WWD]
• Zac Posen is doing a lower-priced line, Z Spoke, which will be available exclusively through Saks Fifth Avenue come spring. It starts at $78:

Can you think of a better combination for fun than these two? As if we weren't excited enough for Anna Sui's GG-inspired Target collection, last night's event at the New York pop-up store has us on pins and needles!

• A judge has approved an agreement granting Katherine Jackson permanent custody of Michael Jackson's children. Debbie Rowe, who did not attend the hearing, agreed not to fight for custody in exchange for visitation rights.

• Angelina Jolie, as you may know, was in Baghdad yesterday. Saint Angelina walked through a makeshift settlement where 20,000 displaced Iraqis live, and said:

• According to this report, Mischa Barton was taken from her home last week because she was so high on coke friends were afraid she was going to kill herself. [NY Post]

• Contrary to a report in the National Enquirer, Brad Pitt and Angelina Jolie are not splitting up. In fact, they're in love. Imagine that! [Us Magazine]

• El oh el: It appears none of the celebrity weeklies have bought exclusive rights to pictures of Heidi Montag and Spencer Pratt's wedding this weekend.

• The good news: Runway is safe. The bad news: yup, it's on Lifetime. [AdAge]
• Britney Spears cuts a revealing figure in her new Candie's ad. Candie's: the last refuge of a scoundrel. [NYDN]

• Rumor has it that the mini moguls' "lifestyle differences" are tearing their fashion collabs asunder. "Ashley really wants to be a respected businesswoman and be taken seriously...MK does too, but she hasn't been willing to give up her lifestyle and act like an adult for their job." Result? MK is being "distanced"…

[Malibu, August 24. Image via Splash.]

Yesterday in Beverly Hills, Chanel opened a new boutique, and naturally, a bevy of Hollywood fashionistas came out to celebrate. (Recessions do not apply to Robertson Boulevard, apparently.) On hand: Rachel Bilson, Leighton Meester, Emma Roberts and a sorta nasty-looking Nicollette Sheridan. Maybe because it's Friday,…

• Angelina Jolie confirms: She is having twins. You knew that, right? Anyway an exclusive interview scored by NBC's Today show was lifted by NBC's Access Hollywood and now NBC producers are pissed at each other. [Page Six]
  
• It was Jack Black who spilled the beans about Angie's twins, actually. [People]
  
• Jessica Simpson and…

Okay let's cut to the chase: Last night. Metropolitan Museum of Art Costume Institute Gala. Theme was "Superheroes." Everyone and their brother was there. I've broken the photos down into Good, Bad, and Ugly for your viewing pleasure. The Good — including Victoria Beckham, Christina Ricci, Diane Kruger, Iman, Mischa…

• Britney Spears was involved in a minor car accident Saturday night; no one was injured and no vehicles were damaged. [AP]
  
• Apparently Brit was in stop and go traffic, driving at about 10 m.p.h. and putting on her makeup before the accident. Brit passed a field sobriety test. [TMZ]
  
• Dr. Phil is so classy and generous! He…

• "Young women should be very, very careful about not letting nude photographs of themselves leave their hands - as Kristin Davis and Audrina Partridge both learned this week." — Page Six, also known as your dad. [Page Six]
  
• But OMG. Is there a Lindsay Lohan sex video???? From Calum Best's cell phone? In which she is…

As mentioned yesterday, is quite so exciting as a movie that smells like a flop from miles away. But the best thing about a bad movie is how really random celebs show up for its premiere. Take last night's screening of 10,000 B.C. Although Maria Sharapova, left, looked pretty (as did Camilla Belle, although I am…