Governor Paterson Is Only $271 Million Away From His Agency-Budget-Cut Goal
Unlike state legislators, state agency heads have largely responded to his calls for cuts.
Posted 12/02/08 in The Cut
Loose Threads
Uniqlo’s Profits Soar; Gemma Ward’s Movie Comes Stateside
Also Kate Moss's spring Topshop collection will include florals, and Naomi Campbell and her boyfriend have something in common.
Posted 11/26/08 in The Cut
Party Lines
Sarah Jessica Parker Is Looking for a New Home for Her Clothing Line
With Steve & Barry's bankrupt for a second time in five months, Parker's Bitten seeks greener pastures.
Posted 11/25/08 in Daily Intel
The Greatest Depression
Citi Bailout Not Sitting Well With Basically Anyone
Lots of people are saying it's more like a 'shitty bailout.'
Posted 11/24/08 in The Cut
'Tis the Season to Be Broke
The Economy Robs Fashion Companies of Town Cars, First-Class Air Travel
But it gets worse: The CEO of Nicole Miller says, "We're Red Roofing it." Egad!
Economy to Sap the Fabulous From February Fashion Week
Expect fewer parties and possibly fewer runway shows as Fashion Week bends to These Economic Times.
Posted 11/24/08 in Daily Intel
Election Hair of the Dog
Obama to Roll Out Economic Team and Plans Today
He may keep the Bush tax cuts until 2010, he'll probably expand his recovery plan, and he wants it all on day one.
Posted 11/21/08 in The Cut
Blass Watch
Bill Blass Is Pretty Much Doomed
Bill Blass New York is liquidating, and retailers aren't buying Som's spring 2009 line.
Posted 11/21/08 in The Cut
Mind the Gap
Gap’s Profits Rise, But Not Because They’re Selling More Clothes
In fact, sales are actually declining.
Posted 11/20/08 in Daily Intel
The Greatest Depression
‘Dow Doobie Doo Down Down.’
The highs and lows of today's market, as told through the posts on a Manhattan parenting message board.
Posted 11/20/08 in The Cut
'Tis the Season to Be Broke
Steve & Barry’s Files for Bankruptcy Again
Last night's filing comes less than five months after its previous Chapter 11 filing.
Posted 11/20/08 in The Cut
Loose Threads
Leighton Meester Lands Reebok Ad Campaign; Carla Bruni to Do ‘Rolling Stone’ Cover?
Also 'Twilight' gives Hot Topic a sales boost, and Members Only Launches denim.
Posted 11/19/08 in The Cut
First Looks
Miu Miu Defies the Recession With Spiffy New Store
Shiny, golden, three floors, and 4,860 square feet, it symbolizes everything the economy is not.
Posted 11/18/08 in The Cut
Loose Threads
Burberry’s Profits Soar; Lara Stone Injured Ankle in Rodarte Heels
Also, an Yves Saint Laurent retrospective with 300 couture gowns is being prepped in Paris for 2010.
Posted 11/17/08 in The Cut
'Tis the Season to Be Broke
Rich People Now Trying to Fit In by Acting Broke
It has become 'fashionable' for socialites to talk about sample sales and bargain shopping at the hair salon.
Posted 11/17/08 in Daily Intel
The Economy of Sex
Eliot Spitzer Has Learned Some Lessons
Eliot Spitzer's Washington 'Post' opinion essay about the economy is a thinly veiled advice column to dudes cheating on their wives with hookers.
Posted 11/17/08 in The Cut
Loose Threads
October Retail-Sales Drop Worst Since ‘92; Prada Launches Cheaper Bags
Also, sales of men's dress shirts plummet and the Obedient Sons label is inspired by a polygamist.
Posted 11/17/08 in Daily Intel
Early and Often
Paterson’s Weekend: Bad For Budget, Good for Velazquez
As State Senate Republicans hold up budget talks, Paterson gives an indication of who might replace Hillary Clinton if she is appointed Secretary of State.
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