Which iconic pop star is an even better businesswoman than she is a singer? She has allowed the press to misreport her latest real-estate purchase by $3 million to bump up its resale value. (Gatecrasher)

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Yes! Page Six is trying to start some shit today between Madonna and Janet Jackson. Madonna was in NYC the other night, up in the club at Butter and hanging with the Demi Moore posse and Shakira. But she didn’t visit Damita Jo who was in a booth a couple of feet away. How dare she snub the Rhythm Nation! Janet drowned her sorrows in liquor and probably wondered why she was with a short guy who looks kinda like that photo of the midget in the Superman outfit with the f-ed up hair that was making the rounds some years back.

Madge was chummy with fellow singer Shakira at Butter Monday night (our spy said they showed up “hand in hand”) and was spotted dancing on banquettes with Demi Moore, Ashton Kutcher and Penelope Cruz. But Jackson was holed up a few booths down and, “She was not invited to join Madonna’s crew,” said an onlooker, who told us the table drank “seven bottles of champagne and a ton of beer.”

That’s a tough playground if even Janet Jackson isn’t being picked for a kickball team. Is Madonna having a midlife crisis? You know the spectral face in her magic mirror told her she needs to go out and suck Demi Moore’s older but still vibrant hotness out of her to repair those death claws of hers. Demi better watch her back. Madge has more money than God and probably has some sort of device that will actually do that. She can afford a whole team of age-defying scientists!

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Yeesh. Tough job. Here’s Madonna on the set of “Filth and Wisdom”, the short film she’s directing. I hope this is as good as “Body of Evidence”. I kid, that movie sucked. I had to go to it, being a Madge homo - but damn, she can’t act. The best part of the movie was when Julianne Moore slapped the shit out of her in the ladies’ room. Everyone in the audience cheered, it was like Julianne slapped her for us for bad acting. Madge, stick to videos.

More of Madonna Getting Her Directing On After the Jump

Madonna is directing a 30 minute film entitled “Filth and Wisdom” about her life. Here she is taking a break from directing to hang out with her little guy David. 30 minutes isn’t long enough to capture her epic story. She needs some “Lord of the Rings”-length. I was almost gonna make a comment about how, considering her acting skills, she shouldn’t be giving anyone else advice about acting. But I figured she can’t screw up a film about HER life too much. I’m sure she can express to an actress exactly how cold, calculating and Jewishly mystic to act. Or they’re fired!

Madonna has written a song specifically for the “Live Earth” concert series. The single is called “Hey You” and will only be available for download. She will be performing at the London concerts which being July 7th. In the mean time, Madonna is hard at work directing a film called “Filth and Wisdom.” She had a little visitor on the set the other day - little David.

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No, Bentley Farnsworth is not auditioning for a role in “White Chicks 2,” these are just random photos of Madonna getting herself some Starbucks. Pop icons need their caffeine too. But when she’s not busy fetching herself a latte, adopting African babies, or getting her yoga on, Madonna is also on the hunt for new talent. Her production company, Maverick, will be working in conjunction with Madison Road Entertainment on a talent search competition, entitled, “Big Shot,” set to commence this September.

The idea of the project is to encourage wannabe actors, magicians, singers and entertainers to post video clips of themselves to the Big Shot website, while other visitors pick their favorites. The winner of each week’s video entry lottery will then be flown to Hollywood to audition in front of a talent scout. For wannabe actors, the opportunity to appear in a Maverick produced TV show or movie could be their prize.

It sounds pretty vague and generic from that description. I think it might need a sprinkle of Janice Dickinson for me to really get interested. Or at least some feather boas.

(WENN)