Think this economic recession only affects the average American? Celebrities felt the pain too. Check out this gallery to see which celebs lost their homes in 2008. Some might surprise you!

Stephen Colbert is taking after his idol, Papa Bear, Bill O’Reilly, and is starting feuds with rappers. In an ongoing verbal battle between the two, Colbert decided to humble Kanye by having his album outsell Kanye’s on Itunes. Watch Colbert Humble Kanye After The Jump

Lil Wayne has proven that the third time was indeed the charm as his latest album, Tha Carter III, has earned him eight Grammy nominations, leading all artists for the 51st Annual Grammy Awards.

According to People magazine, Kanye West’s cousin, Stephan Scoggins, is being investigated by California authorities for his role in the death of his Aunt, Donda West, Kanye’s mother.

Chris Brown was the big winner, but it was Kanye West’s night at the American Music Awards. Instead of his typical tantrum _ a trend West started four years ago when he lost the favorite new artist prize _ the rapper claimed two trophies Sunday and called on his colleagues to up their game.

According to Mediatakeout, Kanye West was arrested for assaulting a paparazzi photographer outside a club in Newcastle, England.

Despite word of a rap recession, the top 10 hip hop artists still earned more than 400 million dollars combined in 2007. Forbes magazine put out their top 20 Hip Hop earners for 2007 today and there aren’t many surprises. Despite the fact that 50 Cent’s last G-Unit Album was a total flop, he still […]