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Europe

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Look Out, Poland!

Goldman Sachs is opening a branch in Warsaw.

By Jessica Pressler

Central Banks Announce Coordinated Rate Cut

The central banks of England, China, Sweden, Switzerland, and the United States all cut interest rates this morning in an effort to stave off a further global financial crisis.

By Chris Rovzar

Margherita Missoni to Abandon New York

Margherita
At last night's Snowflake Ball to benefit UNICEF, we asked everyone awkward questions about the future to prepare them for their holidays with nosy Aunt Susan. DavidLaurenBush, are you getting engaged? ("I don't know!" laughed the Lauren half of the socialite organism). Maggie Betts, will your dad, Roland, have a job for his BFF George Bush when he retires the presidency? ("I don't think he'll need one," said Maggie, who was arm in arm with Barbara Bush herself. "But I think my dad will give him anything he wants!"). When we got to Margherita Missoni, we couldn't think of anything tough to ask her, so we threw her a softball. What do you love about New York City? "I'm not in love with New York right now," she said. "I'm thinking of moving back to Europe." Oh, no! Is it because they shut down SocialiteRank.com? We'll try to write about you more, we promise! "I'm not sure if I'll go back to Italy. Maybe London or Paris. I long to be back in Europe," Missoni explained. "I've been in New York four years. I miss my family and everything. I wasn't born in America, and I loved it — it was great when I first came here. But after four years it's like…" Missoni didn't finish her sentence. She said she preferred how everything in Europe is close together, but we weren't listening anymore. All we could think of was, with Margherita gone, there will only be 49 other top-tier socialites for us to care about! —Amy Odell