New Magazine Alert! (And no, it's not the $10 Traders. We can't bear to acknowledge that one, yet.) Stereotype magazine, which is so damn cool you've never heard of it, had a launch party last night at notorious East Village assymetrical-haircut-epicenter Lit. An unfortunate attendee reports of Condes and coke:

We always knew our Los Angeles brethren were ever-so-slightly behind the New York curve, but an article in today's LA Times has us wondering if there might be something to our suspicions of SoCal existing on a completely different planet. The western paper of record has finally made our Gray Lady look positively cutting edge with its analysis of hip (as "merited" by the release of two superfluous books exploring the coolness factor, Hip: The History and The Bohemian Manifesto), in which we learn there's a lot of similarities between Los Angeles 'hood Silver Lake and our own Williamsburg (boys in trucker hats! Girls with bangs!). All of which, of course, probably hits the final nail into the hipster's coffin.
What Is Hip? [LAT]