Author Archive

Why Did Lehman Behave So Idiotically? »

I haven’t yet finished Anton Valukas’ 2,200-page report into Lehman, but I feel like I could have written it for him. The Chicago-based lawyer told me recently that he was greatly looking forward to my new book The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Inside Lehman Brothers, just as I was looking […]

Former Lehman Women React to “Doozie” of a Story »

On Monday night, in response to my article in this month’s Vanity Fair on Lehman’s Desperate Housewives (which was an excerpt from my forthcoming book, The Devil’s Casino: Friendship, Betrayal and the High Stakes Games Played Inside Lehman Brothers), hundreds (literally) of Lehman’s former women executives anxiously listened into a conference phone call helmed by […]

Lehman’s Desperate Housewives »

Excerpted from The Devil’s Casino: Friendship, Betrayal, and the High Stakes Games Played Inside Lehman Brothers, by Vicky Ward, to be published this month by Wiley; © 2010 by the author.
On Wall Street, they pay you so much that they own you. You know? So it’s different. They have your soul. You gave it […]

Libyans Picked the Wrong New York City Realtor to Try to Dupe »

New York has a new hero in the form of 32-year-old realtor Jason Haber, the guy who told Moammar Khadafy’s representatives that he would only find them a lavish Upper East Side New York abode, if they returned the convicted Lockerbie bomber Abdelbaset al-Megrahi to Scotland and the prison he was sentenced to for life. […]

President Obama, Gordon Brown, Deaths in Afghanistan and More British Deception Over Lockerbie »

Earlier today the White House put out a press release noting that President Obama spoke with British Prime Minister Gordon Brown and expressed his “disappointment” over the Lockerbie affair. (In case anyone has been under a rock these past few weeks, Brown has been at the center of a controversy over allegations that the Scottish […]

Outrageous Claims of American “Disingenuousness” Over Lockerbie by Britain Must Be Stopped - and Real Facts Found »

Yesterday I wrote how Britain’s Sunday Telegraph claimed that Libya paid three doctors to give the Scottish government medical evidence that Abdelbaset Ali Mohmed Al Megrahi, 57, the convicted Lockerbie killer had only two or three months to live, when in fact he may have more.
The British Mail on Sunday meanwhile queried America’s outrage […]

The Lockerbie Cover-Up Must Be Investigated »

In Britain’s Sunday Telegraph, the British reporter, Andrew Alderson claims that Libya paid three doctors to give the Scottish government medical evidence that Abdelbaset Ali Mohmed Al Megrahi, 57, the convicted Lockerbie killer had only two or three months to live.
In fact, other doctors, according to Alderson’s report, said in June that Megrahi who […]

The Truth About Lockerbie May Now Never Come Out Thanks to Gordon Brown’s Thirst for Libyan Oil »

A few weeks ago, in July, US families of the Lockerbie victims gathered in front of a TV screen in both the British embassy in Washington, DC and in the consulate in New York.
They were connected via video conference with Scottish justice minister Kenny MacAskill, who discussed with them both the options of prisoner transfer […]

Why Britain Should Apologize for Releasing the Lockerbie Killer - and Why it Won’t. »

I just received an email from a Madoff victim who is still reeling from the double-whammy of having watched his wealth vanish, and learning that the soft-spoken financier he considered a friend is in fact a crook – possibly it’s now been reported - with cancer. (Prison authorities deny this).
He wrote me: “I hope the […]

Some Much-Needed Truths About Lehman »

I have not yet finished David Wessel’s In Fed We Trust: Ben Bernanke’s War on the Great Panic - mostly because - full disclosure - I’m scribbling away on my own book: The Great Mistake: The Fall of Lehman Brothers and the Weekend That Changed The World for John F Wiley & Sons, due […]

Exclusive: Andres Piedrahita Shamed By Media Into Leaving Mega-Yacht »

Never let it be said that journalism doesn’t reap results!
Last week I wrote how Andres Piedrahita, 50, the major shareholder of Fairfield Greenwich, the feeder fund that lost $7 billion of investors’ money to Bernie Madoff, was summering on his new $30 million yacht, Oxygen. His publicist, Tom Mulligan insisted he was only on board […]

Madoff’s Chief Feeder Fund Exec Shamelessly Sails the Seas in His New $30 Million Yacht »

I have unwelcome news of Andres Piedrahita, the brash Columbian chief shareholder of Fairfield Greenwich, the investment group mostly owned by the Noel family, that gave half their money under management - 6.9 billion dollars- to Bernie Madoff, and yet who took one per cent of clients fees and twenty percent of their returns for […]

Greenwich Mean Time »

December 11, 2008, began much like any other day for Walter Noel: the tall, silver-haired, 78-year-old businessman strolled into the headquarters of his Fairfield Greenwich Group, on Manhattan’s East 52nd Street. Then employing around 140 people, the company was a (supposedly) diversified alternative investment fund with $14.1 billion under management. Despite the recent turmoil of […]

Manhattan’s latest parental punishment »

I have seldom been as relieved to read an article as one that appeared last week by New York Times writer Andrew Das. It began: “In the moments after I felt the pop in my left shoulder, the sensation I felt was not pain. It was panic. How exactly does a 40-year-old man explain to […]

The Big Apple is learning to live again »

The Russian businessman I was having a drink with lived in London. “I prefer London to New York right now; in London not everyone talks about their depleted bank balance; in New York everyone does,” he said. I agreed. But then a friend took me for a late dinner at a restaurant I’d never heard […]

Of Course Michelle Cannot Go Sleeveless To Have Tea With The Queen! »

Anyone who thinks Michelle Obama should use tea with the Queen as an experimental fashion platform is sadly deluded. I cannot believe some of the suggestions I am reading on this site.
Bare shoulders at Buckingham Palace during the day would be seen as a tremendous insult to our monarch.
Do Americans not realize that in Britain, […]

Sex appeal takes years to master »

Details magazine has dictated that the sexiest woman on the planet is not Scarlett Johansson, or Gisele Bundchen, but Jennifer Aniston — who is 40.
Meanwhile, People magazine puts Italian actress Valerie Bertinelli, 48, in a bikini on its cover. Cindy Crawford, 43, is covered in soap suds in Allure.
There’s a celebration going on among all […]

If We ‘Kill the Rich’, Don’t We Kill the Dream? »

My neighbor at dinner, a hedge-fund manager originally from Texas, was emphatic.
“If your only identity is in your job or your money then there is no point living in New York any more,” he said. “Anyone who thinks like that will leave.”
He had a point. This town seems to have become unhinged by the populist […]

The Guillotine Hasn’t Arrived Here Yet »

These days it’s not just financial journalists who follow the movements of financiers. So, too, do the entertainment channels and press. Who could have predicted the day would come when OK! magazine would care what mode of transport Ken Lewis, Bank of America’s chief, uses? But according to the New York Times, these topics are […]

Ponzi Ponies are Safe »

Following inquiries with locals in North Salem, I am happy to report that the ponies formerly stabled with Paul Greenwood, the alleged fraudster, are safe.
They were quickly moved and dispersed among other stables up and down the East Coast as Greenwood realized the net was closing in on him, according to local sources.
What no one […]

Concern for Ponzi Ponies »

For all those worried about the hundred or so valuable show ponies stabled in North Salem by alleged fraudster Paul Greenwood and his wife Robin, let me give them an update - with hopefully another to come.
After Greenwood, 61, and his partner Stephen Walsh were arrested last month for allegedly siphoning off $500 million from […]

Pity the poor Englishman in Manhattan »

My English friend was worried. “I guess the next step is getting American-accent lessons,” she said over dinner the other night.
She is a peer of mine — we were at Cambridge together — and she has wound up in New York working in a senior position for an American bank on Wall Street. We frequently […]

Did Thierry de la Villehuchet Invest in Fairfield Greenwich? »

Among the articles in Vanity Fair’s April issue is a report I did on the Noels, the infamously good-looking, gregarious family of Walter Noel, founder of the investment group Fairfield Greenwich, which had $6.9 billion—almost half of its assets under management—invested with Bernie Madoff. Now that that money is all gone, Fairfield Greenwich is being […]

Inside the Mini-Madoff Scam »

New York’s latest financial criminal mastermind — and remember, we now have one a day being unveiled — is Paul Greenwood, 61, the bow-tied town governor of North Salem, New York’s horsey area. (Until recently it’s where the American Olympic equestrian team trained.)
Greenwood spent the alleged $500 million he is accused of siphoning off from […]

The price of a teddy bear picnic – £50,000 »

New York’s latest financial criminal mastermind — and remember, we now have one a day being unveiled — is Paul Greenwood, 61, the bow-tied town governor of North Salem, New York’s horsey area. (Until recently it’s where the American Olympic equestrian team trained.)
Greenwood spent the alleged $500 million he is accused of siphoning off from […]

New York in Shock While LA Rocks! »

W hile New Yorkers suffered minor heart attacks on Friday, as banking stocks plunged to levels not seen since 1997 around 2pm - before turning around and climbing back up, LA, so friends told me, was basking in sunlight – and its own glory.
In fact even as he watched Bank of America’s share-price nosedive […]

Let frivolous fashion defy the NY blues »

New York Fashion Week is here - and, as Lela Rose, the Texan designer, says as she threads her needle and fits her models, “the show must go on.” “We need a little pick-me-up,” she emailed me, “and I actually think the upcoming week should be a way to move forward. That doesn’t mean we […]

Esther Reed: How an Ordinary Girl Faked Her Way Into the Ivy League »

T oday in a courtroom in South Carolina, Esther Elizabeth Reed’s fantasies finally ended. The 30-year-old brunette, who has spent eight of the past ten years on the run, often entering Ivy League schools under adopted fake identities, and evading cops with an extraordinary web of deception faces up to over four years in prison.
For […]

Bad times bring out the best in Manhattan »

Another day, another one bites the dust. Friends everywhere are losing their jobs.
They’re bright. The New York Times described the growing ranks of the city’s unemployed as the new chic club in town. In part, this is because the people who are losing their jobs are the best and ergo the most expensive talent around. […]

Cloud-cuckoo-land on Wall Street »

“How much should a Wall Street CEO get paid?” The question got bandied around on Thursday night at dinner — by a bunch of Wall Street CEOs.
The question was the topic of the day following coverage of the extravagant ways of John Thain, former CEO of Merrill Lynch, who spent $1.2 million on his office […]

Let’s Hear From The Madoff Women »

Every day turns up an astonishing new detail of the incredible story of Bernie Madoff and his $50-billion Ponzi scheme: aside from Obama’s inauguration, New York can talk of little else. And some of the new angles are very odd.
It’s just been reported that Bernie’s late mother, Sylvia, herself had stock-trading troubles. In 1963 the […]

Take that smug smile off Madoff now »

Today prosecutors will make their case that Bernard Madoff should be jailed for violation of bail conditions. On Christmas Eve he mailed out trinkets worth more than $1 million to family members. His defense lawyer says Madoff had no idea he was doing anything wrong and that these items were sentimental. Prosecutors argue his act […]

Haggling my way through the blues »

I wish I could say that this holiday season has felt as cheerful as usual. But the emptiness in New York’s streets and stores both on December 24th and 26th merely amplified the depressing retail statistics. Eager sales assistants hawked their marked-down wares with an enthusiasm bordering on desperation. “I can hold any item for […]

Just don’t tell us what your manicure costs »

“What recession?” shouted the front page of the New York Post last week, beside a picture of a blonde Swedish countess, Marie Douglas-David. Douglas-David, a former banker at Lazard, is divorcing her husband of six years, George David, former CEO of United Technologies and worth hundreds of millions of dollars.
She is reportedly refusing to accept […]

Spot the next Madoff is our new parlour game »

It began with the names of corporate victims who had lived high on debt, such as Viacom CEO Sumner Redstone, casino king Sheldon Adelson and Lehman president Joe Gregory. They lost houses, planes or boats worth millions. Who knew they financed their mansions with debt?
Now it’s our turn. Friday’s unveiling of Bernie Madoff’s alleged $50 […]

Time to Blame Our Own Greed For the Madoff Mess »

The mass hysteria surrounding Bernard Madoff’s alleged $50 billion ponzi scheme just leaves me with one question. When are we going to stop talking about Madoff’s “victims” or “foolish investors” and instead ask investors to take responsibility for their own actions? Madoff’s scheme was alluring. The guy was low-key and likeable; he […]

With Her Legs, Palin Didn’t Need a Makeover »

So, just when I’d hoped Sarah Palin would disappear from public consciousness, it seems we can’t get rid of the former Republican Vice Presidential candidate. She’s everywhere and so too is the ongoing controversy over her ultra-expensive Hollywood style “make-over”. This weekend New York Times revealed details of the $165,000 the Republican party had spent […]

With her legs, Palin didn’t need a makeover »

Just when I’d hoped Sarah Palin would disappear from public consciousness, it seems we can’t get rid of the former Republican vice-presidential candidate. She’s everywhere and so, too, is the controversy over her ultra-expensive Hollywood-style “makeover”. This weekend, the New York Times revealed details of the $165,000 the Republican party had spent on three stylists, […]

For One Fearful Moment I Long For Home »

On the eve of Thanksgiving, just as I was about to go on TV to deliver a light-hearted spoof about what life would be like for Barack Obama without his BlackBerry, the screens filled with the terrible footage of the attacks on Mumbai. While we watched the gruesome spectacle, ticker-tape warnings at the bottom of […]

No One Wants to End the Party »

Read the papers, watch TV – and we’re told a global recession of almost depression proportions is taking place, fragmenting the social hierarchy. At the bottom end there is tragic chaos represented by suicides and rising crime. At the top, there’s divorce, misery and a small effort to be less ostentatious about one’s wealth. […]

For some, this crisis is on another planet »

We’re told a global recession of almost Depression proportions is taking place, fragmenting the social hierarchy. At the bottom end there is tragic chaos represented by suicides and rising crime. At the top, there’s divorce, misery and a small effort to be less ostentatious about one’s wealth. Meanwhile, in the middle, according to New York […]

Cancel Christmas - sorry, but no one gets anything this year »

Given that it hasn’t yet got properly cold here, it feels like a very strange hallucination. In a naked effort to make us forget that we are living in an economic meltdown, the stores are full of Christmas trees and fairy lights. Their illusion makes you feel you are in some sort of dream world […]

The Mansion Trap »

I n January 1995, Veronica DeGruyter Beracasa de Uribe Hearst gave an intimate lunch for Diana, Princess of Wales, in her opulent apartment on the corner of Fifth Avenue and 66th Street. The Princess was in New York to give an award to the then editor of Harper’s Bazaar magazine and fellow Englishwoman, Liz Tilberis. […]

Never Give Up »

F or a moment last week, around midnight on Tuesday, we all went mad with joy. Mad in a way I’ve never seen or heard. As I went to bed around 4am I could still hear the screams from people in the street: “We did it.” Emails came in from friends the next day “I’m […]

My night of joy, then exhaustion dawns »

F or a moment last week, around midnight on Tuesday, we all went mad with joy. Mad in a way I’ve never seen or heard. As I went to bed around 4am I could still hear the screams from people in the street: “We did it!” Emails came in from friends the next day: “I’m […]

Art, Politics and Soul in New York »

If you weren’t in Times Square tonight, the only place to be was downtown in the West Village at Gavin Brown’s gallery for an installation by Jonathon Horowitz called Obama ‘08.
Hundreds of artists, including Piotr Uklanski and Elizabeth Peyton along with collector Peter Brant, model Jessica Joffe and one of the Olsen twins crammed into […]

Obama’s Family Loss »

When I first heard of of the passing of Madelyn Dunham, 86, grandmother of Barack Obama, my reaction was like that of my friends: “Oh no. How tragic she missed this by just a few hours: the likely culmination of an historic journey to the Presidential nomination by her own flesh and blood.”
This morning’s press […]

I can’t wait till all the shouting stops »

We’re finally here: tomorrow is Election Day. You could cut the tension with a knife. Many of my friends have been stumping in swing states for Obama over the weekend, terrified that at the last moment a “Bradley effect” could rob him of the victory the polls predict. I don’t think this will happen. H […]

Laugh, Baby, Laugh »

I love the concept of the “Smash Shack” the store opened in San Diego, where according to CBS News, victims of the credit crisis are taking out their frustrations by buying fragile objects and hurling them against the wall.
I haven’t got to that place mentally myself. But nonetheless I think the “Smash Shack’s” basic […]

Obama is short of fans on Wall Street »

The other evening I went as a guest of friends to a dinner to raise money for a hospital in New York. This was the same hospital where my twins were prematurely born. On entering this world they weighed only 2lb and 3lb respectively, but went on to thrive. So I was glad to be […]

How I Became an Expert on High-Class Hookers »

Recently, CNBC interviewed me for an hour-long special documentary on high-class prostitution, due to air on November 11 at 10 p.m. and 1 a.m. ET—a date when hopefully we will no longer be worried about politics and our minds will be back on the important stuff: illegal sex.CNBC just posted a promotional clip for the […]

Uh-Oh, Now I’m in Love With a Vampire »

B ack before the fall of Lehman Brothers and the global economic collapse, I had a dirty little secret: my weekly addiction to the TV series Gossip Girl, about the absurdly rarefied lives of a fictional group of wealthy New York teenagers. Now ratings for the show are soaring: more than ever, people want cheap […]

Uh-oh, now I’m in love with a vampire »

Back before the fall of Lehman Brothers and the global economic collapse, I had a dirty little secret: my weekly addiction to the TV series Gossip Girl, about the absurdly rarefied lives of a fictional group of wealthy New York teenagers. Now ratings for the show are soaring: more than ever, people want cheap escapism.
I […]

How Poor Are You? »

“How poor are you?” That’s what formerly rich guys ranging from hedge-fund kings and tech pioneers to bankers and trust-fund heirs are now asking each other at dinners around town.
This group doesn’t care who ends up buying Wachovia. That’s all background news; just one more sorry piece of detail in the carnage of a lost […]

The silicon chips aren’t down yet »

“How poor are you?” That’s what formerly rich guys ranging from hedge-fund kings and tech pioneers to bankers and trust-fund heirs are now asking each other at dinners around town.
This group doesn’t care who ends up buying Wachovia. That’s all background news; just one more sorry piece of detail in the carnage of a lost […]

And a small glass of Chateau Plonk, please »

L ast week saw not just the initial failure of Hank Paulson’s bail-out bill but also the death of the $800 bottle of wine.
“It’s just not OK to have that on your expenses at a time like this,” one restaurateur says he has been told by banker clients. In this cut-throat world of mergers and […]

Will’s Cup of Tea »

On June 16 royal photographers waiting to capture Britain’s Prince William, 26, in flowing velvet robes outside St. George’s Chapel, in Windsor, were caught by surprise. Just before the start of the 660-year-old ceremony, in which the Prince was to be made a Royal Knight of the Garter, a car containing his younger brother, […]

Lose your job and watch friends vanish »

Alberto Vilar once promised so many millions to both New York’s Metropolitan Opera and London’s Royal Opera House that his name was engraved in both places — only to be removed in 2005, when prosecutors charged him with stealing most of his fortune.
But the former financier said that what has hurt him most in the […]

Explaining the Lehman Culture Clash »

“I understand why the British are livid,” said a friend (American) who is high up at Lehman. My friend was talking about the Sunday front page headlines – screaming that a $2.5 billion bonus pot was being retained – from the English bankruptcy court - by Barclays to pay eight US senior executives who […]

Women should beware male spinsters »

F or some reason, in the last week or so I’ve had a series of lunches and dinners with friends who are male, single, over 35 and never-married. Men like this were traditionally labelled playboys, a term implying they possessed a rakish charm and a wariness of settling.
New York is full of them, since this […]

Will Hillary Rain on Obama’s Parade? »

The story I’d been hearing for some time has finally emerged in the mainstream media: namely that Hillary Clinton, her husband, Bill, and many of her major financial supporters, known as “bundlers” are so livid at what they see as underhanded — I’ve even heard it called “vindictive” — play by the Obama team, that […]

Not Even a Woman Can Win It For McCain »

F riday saw a brilliant move by John McCain in choosing Sarah Palin, the 44-year-old governor of Alaska, to be his running-mate. Theoretically, if you look at the polls which had McCain close to the Obama-Biden ticket before this announcement, his appointment of Palin ought to make up for all his deficiencies. Palin is young. […]

Be Very Afraid of The Hockey Moms »

Like 37 million American viewers last Wednesday night, I sat transfixed as I watched the previously unknown figure of Sarah Palin turn herself into the angel of the Republican party. But the burning issue in my mind was: what is a hockey mom? OK: I am British, and I’ve never touched an ice hockey stick. […]

Lehman’s collapse rattles the really rich »

T he phone has rung off the hook all weekend. “Are you OK?” I’ve asked friends whose husbands have been at Lehman Brothers. No, of course they are not. They just saw everything they’ve worked for go down the drain. A lunch barbecue with a Lehman executive who has been there 16 years was cancelled. […]

Be very afraid of the hockey moms »

Like 37 million Americans last Wednesday night, I sat transfixed as I watched the previously unknown figure of Sarah Palin turn herself into the angel of the Republican party. But the burning issue in my mind was: what is a hockey mom?
As a New York mother, I don’t believe the subject has ever come up […]

Not even a woman can win it for McCain »

J ohn McCain made a brilliant move in choosing Sarah Palin, the 44-year-old governor of Alaska, to be his running-mate. This appointment ought to make up for all his own deficiencies. Palin is young. She’s female. She’s attractive; she’s got some celebrity, having been the runner-up in a Miss Alaska beauty pageant.
She also wins our […]

Will Hillary rain on Obama’s parade? »

T he story I’d been hearing for some time has finally come out in the open: Hillary Clinton, Bill, and many of her major financial supporters, known as “bundlers”, are so livid at what they see as underhanded play by the Obama team that they intend to eviscerate what ought to be Obama’s coronation at […]

Creative Brits are the talk of the town »

In New York, the pre-movie hype about Woody Allen’s latest movie, Vicky Cristina Barcelona, had all been about the kiss between Penélope Cruz, onscreen and real-life girlfriend of male lead Javier Bardem, and America’s modern version of Marilyn Monroe, Scarlett Johansson.
So as I shovelled down popcorn at the New York premiere last week I was […]

It’s official: guys can wear shorts to work »

F or women, dressing for summer here is a whole lot easier (and cheaper) than in London. You know that stepping outside will feel like walking into a blast furnace, so you choose pretty light sundresses and then you buy a cardigan to battle the freezing air-conditioning inside.
But for the men? I have long pitied […]

I’ve almost put my sons on the stage »

T he light-bulb went off while I was driving home last weekend. From the back seat of the car, my twin five-year-olds burst into song: “I’m a joker, I’m a smoker, I’m a midnight toker …”
I have no idea where they heard such unsuitable lyrics (well, actually I do - their father will be spoken […]

Divorce is Up, Personal Trainers Down »

L ast week, in the wake of the near-implosion of mortgage insurer Fannie Mae, and with rumors swirling about the fate of Lehman Brothers, where the stock has plummeted 70 percent, I got an email from a friend. Instead of his usual pithy jokes — he sent me his investment fund’s second quarter report.
He wrote:
“Even […]

Divorce is up, personal trainers down »

Last week, in the wake of the near-implosion of mortgage insurer Fannie Mae, and with rumours swirling about the fate of Lehman Brothers, where the stock has plummeted 70 per cent, I got an email from a friend. Instead of his usual pithy jokes, he sent me his investment fund’s second-quarter report. It read: “Even […]

Tough times, but still they keep giving »

New York’s billionaires, it seems, have not really noticed the downturn. They still spend their summers on lavish yachts in Europe, and are still flying in their own planes. Hearteningly, they also continue to give philanthropically on a vast scale.
Earlier this year, Blackstone Group chairman Stephen A Schwarzman gave $100 million to the New York […]

Oh, for the days of divorce with dignity »

The headlines here recently seem to have all been about sex - and costly, illicit sex at that.
First there are the lurid details exposed in the divorce trial between model Christie Brinkley, 54, and her fourth husband Peter Cook, 46, who allegedly cheated on her with an 18-year-old and had a penchant for looking at […]

Time for Obama to Grow Up »

A few months ago I went to a luncheon on New York’s Upper East Side and saw Michelle Obama speak, without notes, without hesitation.
Her husband was at that point still the underdog in the Democratic primary race, but the excitement in that room was palpable–and his wife lifted it further. She talked for almost an […]

Good Luck Angelina! »

As Angelina Jolie bravely brings twins into this world, she has my good wishes—and encouragement, since raising twins, as any parent of multiples knows, is something completely different from raising siblings one at a time.
Before I gave birth—somewhat dramatically and very prematurely—to my twin sons, one cold February morning five years ago, I thought I […]

The Loneliness of the Long-Distance Supermodel »

I know what it’s like to face a birthday and ponder the meaning of life. This Thursday is my birthday, and thinking about turning a year older has been keeping me up at night.
Someone once said to me, “You’d better know where you are going when you reach your mid- to late-30s—otherwise it’s a catastrophe.”
If […]

Trial runs for Wall Street’s finest »

It’s muggy here - a point emphasised by the increasing number of sweating brows I’ve watched on TV the past week. These brows mainly belong to men in suits who are on their way in and out of courthouses on charges of white-collar crime.
One theory, according to prosecutors and TV pundits, is that desperate economic […]

Michelle will be a fine feisty First Lady »

A friend saw Laura Bush recently and told me how “poised” our First Lady was: “petite” and “gracious”, a “listener”, not a talker. These are the traditional qualities we are supposed to admire in a First Lady. Feisty Democratic women have had a harder time fitting the mould than their Republican counterparts, except for Jackie […]

Talking Politics in London »

I returned from London last week after a whirlwind trip of reporting for Vanity Fair and seeing old friends. It’s funny how the very second you get off the plane at Heathrow, life seems to slow down compared to Manhattan’s frenetic pace. (Unless, of course, you are Naomi Campbell and Heathrow baggage-handlers have lost your […]

London, you’ve changed for the better »

For the first time in a year I have spent the week in London, working and seeing friends. It has been an eye-opening experience; after all, it has been 11 years since I lived here.
I was expecting to complain about the weather. When I left New York the temperature was in the high nineties. But […]

My nursery shame as a no-show mom »

It was the one item in the diary marked “DO NOT MISS”, scheduled for 10.30am on Thursday. What occasion merited such urgency? My children’s graduation ceremony … from nursery school.
Given that my parents did not make it to my university graduation, I was amazed to receive emails from other (more involved) parents advising me that […]

Big Apple macho men spin out of control »

I will readily confess to being a New York gym rat: I like to go for a run or workout on the elliptical machines. The only times it isn’t relaxing is if I happen to enter the gym at the same time as the “spinning” class is taking place; then, you can literally smell the […]

John Cusack’s Viral Success Story »

Critics in the mainstream media scoffed, for the most part, at John Cusack’s low-budget didactic satire, War Inc., calling it heavy-handed and five years too late. The film struggled to get into festivals, finally making it into Tribeca this year. But on the Web, voices sang a different tune, calling War Inc. “prescient” and groundbreaking […]

Give me Michelle over Hillary any day »

It was an intensely political evening. First, the premiere of the amazing new film Recount, starring Kevin Spacey and Denis Leary, turned the dry legal arguments about “hanging chads” in the aftermath of the 2000 presidential election into fascinating drama. Then screens hung down at New York’s Four Seasons restaurant so we could watch the […]

Chattering Class »

Guest commentators on the financial cable shows tend to be shouty men in striped shirts. But a rather different face has been showing up on CNBC lately, one that’s familiar to New York’s social and media types: Vicky Ward, Talk magazine survivor and current Vanity Fair contributing editor. Ward credits her new gig as a […]

Life’s just a deal for the new gurus »

Last week, in a dash to get to a television studio, I lost a valuable ring. Devastated, I later narrated the story to a friend who works in finance. “The ring was worth X. How much was TV paying you? You clearly didn’t rationalise the situation,” he said. I was speechless at his words, but […]

You Will Have Jeffrey Epstein to Kick Around! »

Jeffrey Epstein, the mysterious financier, absconded to Israel to escape charges of soliciting prostitutes? That was the rumor circulating at the Plaza last night, during the dinner that followed HBO’s premiere of its fabulous documentary about Roman Polanski. The whispers went that Epstein had followed in the footsteps of Polanski, who decamped to France in […]

No Way to Treat a Lady »

“D.C. Madam” Deborah Jeane Palfrey played a risky game in catering to Washington’s power brokers with her upscale escort service. Her suicide, this month, marked a tragic—and not unexpected—end for a complicated woman who believed she was unfairly victimized. Having talked to Palfrey for months and spoken with her mother after her death, Vicky Ward […]

Don’t blame Obama for his mentor’s flaws »

Those of us firmly in the anti-Hillary, pro-Obama camp are fed up with it. “I can’t read about it any more,” one Obama backer wrote to me over the weekend.
But the endless press surrounding the inflammatory remarks pronounced by the Rev Jeremiah Wright, Obama’s former pastor of 20 years at Trinity Church in Chicago, just […]

Remembering the D.C. Madam »

Just a few hours ago, Deborah Jeane Palfrey, the former owner of the Pamela Martin escort agency, was found dead in a shed near her mother’s house in Tampa, Florida.
The authorities said she had hanged herself. And while the news was shocking, I cannot say I was surprised. The 52-year-old, known in the press as […]

Bring on the long, hot Manhattan nights »

I hate to rub it in, but in New York we are on the cusp of summer. The temperature has been in the high seventies; all around me I see girls in summer dresses. The season-change generally coincides with the Tribeca Film Festival, now a staple of the social season, and, for me, the first […]

I’m ditching butch Hillary for gentle Obama »

For me, no matter what happens in Pennsylvania, I’m done with Hillary Clinton. I have long felt that either Democratic candidate would suffice as President. Most New Yorkers (remember, this is a liberal town) have become so tired and cynical about the current administration’s screw-ups I think a frog might be welcomed as the next […]

Gauging the Glass Ceiling »

Fortune magazine is out with its annual ranking of America’s 500 biggest corporations, and only a dozen of the 500 have women at the helm. Watch the discussion here.

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War Inc. »

I recently interviewed actor, writer and director of War, Inc., John Cusack for CNBC. Watch my exclusive, one-on-one interview here.
Watch the trailer for the movie here.
You can also watch this on the Huffington Post here.

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Big Apple Paper Battle »

I had the pleasure of talking with Jared Kushner, owner of the NY Observer, about his possible purchase of NY Newsday and his battle over it with Rupert Murdoch. Watch my one-on-one interview here.

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If you’re famous, keep shtum around the staff »

It is every celeb’s nightmare: Rob Lowe has hit the headlines with his $3 million lawsuits against a “blackmail” plot by two nannies and a former chef, allegedly seeking to extort $1.5 million from him. In response, Lowe has also accused them of wild behaviour, namely sex and drugs, in his California and London houses.
All […]

Chips are down for a Wall Street tyrant »

This last week has seen a sorry-looking bunch of people in bars around our block. Many are Bear Stearns employees, whose life-savings just tanked. These (mostly) men are livid - mainly at 74-year-old chairman Jimmy Cayne, who could have sold the business a year ago at $200 a share instead of the measly $10 they […]

I’m ditching Facebook friends and foes »

I do not believe in Facebook. I know this sounds heretical, especially since I am a journalist and I live in America, pioneer of gizmos and wireless communications, but I can’t stand the thing.
My husband, who is a tech-fiend, put me on it - and so, to all those people who have emailed me wanting […]

America’s plague of precocious brats »

This year we ended up cancelling our Easter vacation, because I’d been away, filming in Los Angeles, and the husband had been to Tokyo, Hong Kong, China, Munich and London in the space of 14 days. He felt like he’d travelled enough. And anyway, he told me, he doesn’t have time for vacations in these […]

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