Calvin Klein Wants to do His Part to Stimulate the Economy

The financial markets are in turmoil, a man named Bernard Madoff (allegedly) made $50,000,000,000 of other people money disappear in a spectacular Ponzi scheme, the credit markets are locked up tight, the banks and car companies are rattling their tin cups all up and down Pennsylvania Avenue and sixty-something year old bisexual fashion icon Calvin Klein applied to the town of Southampton to demolish the 50,000 square foot oceanfront mansion he bought five years ago for nearly $30,000,000 and replace it with a more modern, more minimalist, more fabulous, and, for him, more modest 17,500 square foot glass and concrete beach hut.

Ain't it nice to be filthy, stinking, up to your ears in money rich children?