This financial crisis is making politicians crazier than Michael Lohan in front of a reporter's microphone!

After voicing strong support for office limits and labeling attempts to alter limits "disgusting," New York Mayor Michael R. Bloomberg plans on doing just those things, The New York Times is reporting.

Former Wall Street Trader and independent party-aligned Bloomberg plans to announce on Thursday his intentions to revise New York City's office term limits and run for a third term in office. He would be only the fourth ever mayor to do so.

And the reason for this about-face?

You guessed it!

MONEY!

Or the lack thereof.

Bloomberg, who at one point was a rumored Republican presidential candidate nom, has been encouraged by big-time business executives such as Rupert Murdoch to stay in office, as his pragmatic business sensibilities have proved him popular in that community. A recent survey of New York council members - two-thirds of whom will have to leave office with Bloomberg if he fails - found that the Mayor's intentions to amend the term limit law are largely supported.

Inneresting.

What do U think of this new development????

[Image via WENN.]

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The negative buzz continues to build for the new Shrek musical!

After an out-of-town run in Seattle before its Broadway debut in November, the show is making some big tweaks.

A new actor is coming in to replace the current "Donkey" and other substantial changes are being made.

We're also hearing that a "show doctor" has been brought in to "save the production."

Sounds like a hot mess!

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Bruce Springsteen fan? Also a Billy Joel fan?

Voting Democratic this year?

Got $500 to kick around?

Feeling fancy? Got $10,000?

Then we've got the entertainment event for you!

The two rock stars are teaming up for the first time ever for a benefit concert for Democratic prez nominee Barack Obama.

The concert is slated for October 16th at the Hammerstein Ballroom in New York City, following the final presidential candidate debate at Hofstra University.

And yes, Obama is on the guest list.

Man, celebs love throwing parties for him!

[Images via WENN.]

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We're not expecting many Americans to participate in the pricey auction, as our economy will probably be even more in the shitter come auction time.

But, the new news that recently deceased fashion icon Yves Saint Laurent's art collection goes up for sale early next year must have made the rich Arab oil-sheiks, Chinese business titans and Russian oligarchs giddy.

An art dealer told the media that the legendary French designer needed art "like water to survive".

Over the course of 40-years Monsieur Saint Laurent amassed hundreds of fine art pieces.

Works by big name artists like Picasso, Matisse and Goya had a place in his collection.

In fact, one of his Picassos, Instruments de Musique sur un Guéridon, should fetch $56 million!!!!

His partner of over 40-years, Pierre Bergé, said that every single piece in the collection will be sold. Berge said the decision to sell all the items had been taken before the designer succumbed to brain cancer in June. According to a report, Berge revealed that only when the last object had passed under the hammer would this signify the end. He also drew a comparison with divorce, saying "even when these objects are gone, they won't leave me".

Berge also said some of the proceeds will go towards the fight against AIDS.

Kudos to that!

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According to the "Tentative Statement of Decision" for Sharon Stone's custody case the actress has, in essence, lost her shit. And, consequently, her adopted 8-year-old son.

It seems that Sharon Stone has been overreacting to son Roan's medical conditions - imagined or otherwise. Sharon Stone sought treatment for a spinal condition that never existed and, even crazier, Sharon Stone suggested Botox injections for foot odor!

OUCH!

It's called wearing socks???

Just blame it on that missing chunk of her brain!

The judge in her case says, "Unfortunately, the problem caused by Mother's overreactions is painfully real for this child."

Very real indeed!

And, "if Mother has, in fact, limited her career to make herself available for Roan, she has done little to make this evident to Roan, his school or this Court."

Update:

We're now learning that in a recent modification to the Statement, Stone's ex-husband, Phil Bronstein, has won primary custody of Roan, with Sharon granted one weekend a month, plus Christmas Eve and Day.

[Image via WENN.]

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The ageless Tina Turner is about to embark on a 7-month world tour.

It's hard to believe that she is 68-years old!

The music legend has hired her trusty friend Bob Mackie (yes, the same guy who designs for Cher) to whip up the stuff that she'll strut in on-stage.

One of the designer's tour costume sketches was revealed on Tuesday (above).

There's no doubt that Tina will look amazing in that short, sexy, short, chocolate creation!

Did we mention SHORT???

Mackie said Tina's “leaning a bit more towards a rock-influenced look.”

So, there's going to be thigh-grazing dresses, beaded tops and shiny stretch pants accented by lacing, fringe, studs and jewels.

Delicious!

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Somehow, "actress" Sienna Miller has won her battle against The Daily Star over a paparazzi photo.

The 26 year-old homewrecker sued paper over a photo taken in Los Angeles she claimed violated her privacy.

Sluttyienna won over $20,000 in damages in an out-of-court settlement against the publication over the photo.

In addition to the money, the paper also printed an apology to Slutty.

The Daily Star stated that it accepted she was "extremely harassed and distressed by persistent pursuit and intimidating tactics" by the paparazzi."

It added, "We apologise to Sienna for publishing this photograph."

How sweet.

And yet, how exaggerated.

In the photo in question, a harried Miller is trapped by a throng of photogs outside the elevator of a L.A. building.

Who do U think was in the right?

[Image via WENN.]

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Getting old sucks sometimes!

Janet Jackson's reps refuse to comment on the reason why the diva was briefly hospitalized in Montreal on Monday, resulting in the cancellation of her concert that evening.

But, leave it to an 'insider' to yap!

Someone close to her pukey boyfriend, Jermaine Dupri, says, "A 42-year-old body can't handle what a 22-year-old body can. I can tell you that she's definitely tired. It was probably exhaustion. She is doing back-to-back, three-hour shows, and her body isn't the same as it used to be."

Maybe Madonna can give Janet some tips.

Sadly, we also feel like Janet is trying to find an "out" for her tour.

Many arenas and shows are barely half full, and a show of her scale costs A LOT of money to transport across the country and put on.

Is she being pressured by LiveNation to pull the plug? Does she not want to perform to almost empty arenas???

What gives??

[Image via WENN.]

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Back in July, we told you how Salma Hayek and her babydaddy, French billionaire Francois-Henri Pinault, called it quits and broke off their engagement.

Well, now it seems like the two are giving love a second chance.

Salma was spotted at the Balenciaga fashion show in Paris on Tuesday morning (above).

And, as her escort was ex-fiance Pinault, who is also the owner of the fashion house.

One insider says the two were "very friendly together, looking happy. They weren't holding hands but were definitely side by side."

So, are they an item again or just some friendly exes?

Last Thursday, Hayek and Pinault shared an afternoon tea together in the gallery of the Plaza-Athénée Hotel.

One eyewitness says "They seemed very comfortable with Valentina playing on the couch between them."

And, just this past Saturday, Pinault took Hayek and Valentina away for a weekend trip outside the city.

Then, after the show today, Hayek and Pinault returned to the hotel, where Valentina was waiting for them in the lobby.

An onlooker says, "She came walking over and kissed Mommy and then she kissed Daddy. It was very sweet."

What do U think?

Is romance rekindling or are they just friendly exs?

[Photo via Getty Images.]

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