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 […]

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. […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

“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 […]

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 […]

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 […]

“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 […]

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 […]

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. […]

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. […]

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. […]

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 […]

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 […]

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 […]