There was a time, around a decade ago, when American Apparel's brand seemed to be enhanced, at least on the business side, by the pervy sensibility of its founder and charismatic leader, Dov Charney. Those days have apparently passed.
After a series of depressing announcements, Barack Obama will finally turn to an economic adviser who wasn't directly responsible for the current crisis or mentored by someone who was. According to a report in The Wall Street Journal, the president-elect wants former Fed Chair Paul Volcker to lead a new presidential advisory board focused on saving America from financial ruin. Update
The Bush administration is pushing to save World Bank President Paul Wolfowitz's job after a committee comprised of seven of the bank's 24 board members released a 52-page report slamming Wolfowitz for his "questionable judgment and a preoccupation with self-interest," primarily for using his position to advance that of his girlfriend.