Pam Anderson's back to her roots. Bethenny Frankel's venturing out on her own. And Jeremy London actually got some press. But it's not good. Happy Monday! Here's your gossip roundup.

In other Elvis news, the Elvis that is Costello is, for some reason, going to make a guest appearance on Fall Out Boy's new album. Statement from band front-boy Pete Wentz, and a question from your humble editor, after the jump. Statement: "At some point everyone is gonna find out. So, I guess its time to let the cat is out of the bag. We didn't want to talk about this before we actually heard it because its a once in a lifetime experience. We've announced a couple of guests on the record but "I wish you luck with a capital F" is just one of the thousands of genius ideas thought up by Elvis Costello and he's gonna be singing on Folie a Deux. this isn't a typical appearance as he's alongside the guys in a couple of the decaydance bands on the song. Either way this has been an amazing experience for fall out boy as he is one of our heroes, especially so for patrick. We can't wait for you to have the chance to hear it." Question: Okay, I don't know much about current music. Nothing, actually. But I've been led to understand over the last few years that Fall Out Boy sucks. Is that not true? Have I been misinformed? It was funny when Costello popped up in Talladega Nights, but this? What shit is this? [AbsolutePunk]

Tim Sykes, formerly one of Trader Monthly's hot "30 under 30" who was the the butler-having star of 'Wall Street Warriors', has fallen on very hard times. He says that, due to investment in illiquid stocks, he is "unable to raise any money, unable to take any trading risk so all I can do is take advantage of my publicity efforts and turn that into my new career." He's now "a reporter for TheStreet.com" and MSN Money's "goto video guy." This all comes from his email correspondence with Trader Monthly; they banned him from their big party this week. In return, he offered them five great reasons why he should be reinvited! You see, he's now a financial expert in the media—even though his hedge fund bit it!

Emo apologist blogger Miss Modern Age renounces Fall Out Boy, mostly because Pete Wentz is a tw... a twit! [The Modern Age]

Pete Wentz: Fall Out Boy. Bar impresario. And now, memoirist! We hear that Wentz is shopping a follow-up to his self-published 2005 debut, The Boy with the Thorn in His Side. While that book was an illustrated compendium of the Ashlee Simpson-dating bassist's nightmares, the new work is a more straightforward autobio from the "logorrheic diarist." In it, according to someone we found who's read it, Wentz "talks about exes, but doesn't name anyone—instead annoyingly refers to them as 'her,' 'she' or 'her.' He does talk about his overdose a bit. He's death-obsessed and also sex-obsessed. Needless to say, most of all, he is self-obsessed. It's among the most self-indulgent whiny trying to be smart and artsy high school creative writing class crap I've ever read." We're reserving judgment til we get a chance to read it ourselves, so PLEASE GIVE IT HERE.

Perhaps because they couldn't find enough bars in the East Village with skinny annoying emo kids in them, the lads from Fall Out Boy are planning on opening a bar at 11th and A. The shame about the whole thing is is that whatever satirical details we try to come up with to underscore the lameness of the endeavor have already been enacted by the band themselves. Come up with a lame name? Okay, "Angels and Kings"! How about decorate the place with the most banal and obvious musical icons? "[The bar] will be decorated with mug shots of Sid Vicious and Johnny Cash." Foiled again! Okay, how about this: Name the drinks after song names by the band themselves? "Drink specials may be tied to their song names"? Sadly, yes. The bar is set to open April 30th, and to close July 18. Probably when the bartender overdoses on Ativan in the parking lot of a Best Buy in Chicago and starts talking about himself in the third person. —josh

We're gonna go ahead and say that this doesn't require a whole lot of explanation. Except for that whole WTF? thing.