5 Things To Know This AM — Aug 18 2010

Legendary model and American Gigolo actress Lauren Hutton stars as "The Heroine" on one of Love's newest covers. (Fashion Copious)
This is not the kind of Shark Week we like to see. Swimmers need to be careful of great white sharks at local SoCal beaches. (LAist)
Downtown L.A.-based American Apparel is having some serious financial issues. (WWD)
Joaquin Phoenix's bizarre lost year as a rapper makes for a strange trailer for his upcoming I'm Still Here film. (WashingtonPost)
Will Angelina Jolie and Brad Pitt be the next stars to design a clothing line? (Stylelist)

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