Today on Observer.com: June 26

Celebrating Michael Jackson Online

In the Chaos, Senate Dems May See One Last Opportunity to Wrest Schools From the Mayor

Reed It and Weep: Legendary Lou, Velvet Underground Singer, Greets Groupies at Book Signing with Schnabel

Book Based on ‘Texts From Last Night’ Blog Sold to Gotham

Cold Case: Five Years After Woody Allen, $30 M. Rothschild Mansion Stays Unsold

New Column! Hook Lines: Life and Property in Red Hook

SL Green Meets the Market and Fills Up Scrapers

Weird Science: Will the Jonas Brothers Rolling Stone Cover Work Again?

Dishin’ About Finance: Jonathan Adler Celebrates Brilliant Brother David’s Book at Madison Avenue Store

Opening this Weekend: Transformers! Plus, Cameron Diaz Gets Teary-Eyed, the Return of Michelle Pfeiffer, and One of the Best Reviewed Movies of the Year Today on Observer.com: June 26