It's been two days since Bear Stearns was sold in a fire sale to JPMorgan, and things are still messy and emotional. Whose fault was all of this, and if it's no one's fault, whom can we blame? What will happen next? And what will the impact be, not just on Wall Street, but on the little people? Several stories in the papers today shed light on these questions, even as they raised more questions. Below, a handy cheat sheet to keep you current:
While bows tend to be ultrafeminine embellishments, designers are transforming them into sleek, urban additions on the runway this week. Proenza Schouler swept a chic white bow atop a traditional silk white blouse, while Thakoon tied a printed pattern variation around Coco Rocha’s navy belted coat. Meanwhile, Marc Jacobs fastened his knot front and center for a new spin on the classic black cocktail dress at Marc by Marc Jacobs. Come fall, we’ll be fit to be tied.
Monday was a mixed bag of no-brainer casting and compelling new faces. Runway veteran Anja Rubik lead the Oscar show. But Anna Gushina, who just debuted at Prada in September, generated significant buzz by winning Proenza Schouler’s coveted first spot.
When we saw today's Observer headline about Clinton traveling press secretary Jay Carson, we couldn't help but smile. "Hillary's Hard-Hitting Hipster" was the title of the story, which featured a picture of Carson wearing jeans and a blazer. We well know how the press is quick to stereotype people as hipsters. But once we read the story (burdened by the overwhelming feeling of reverse Schadenfreude we had at young Carson's meteoric success), we realized, it's pretty hard to argue with his hipster cred. Quoth the Observer:
• Mr. Carson wore slim jeans, a fitted striped sweater, a trim beard and black high-top Converse All Stars that, according to his close friend Beau Willimon, he spent 30 minutes scuffing in the first after purchasing to achieve a more authentically "punkified" look.
Ditmas Park: Remember that beautiful, dilapidated mansion on the market for $1.75 mil that New York featured a while back? It just sold for $1.55 mil. Happy fix-up, somebody. [Ditmas Park Blog]
East Village: Gentrification haters have two fun protests tonight — one of the imminent Cooper Square Hotel, another of a local shoot for SATC ripoff Lipstick Jungle. [Vanishing New York]
Greenpoint: Chuck, fuck, but definitely not marry. That's how Miss Heather feels about the daily papers that rip stories off from her posts (like last week's one about sneakers hanging from phone lines) without crediting her blog. Girl, you gotta change that scatological blog title … yeah, even for the gutter mouth Post! [Newyorkshitty]
Ian Schrager’s 40 Bond has barely opened, and already someone wants to sell. New York’s S. Jhoanna Robledo takes you inside a $3.6 million apartment at 40 Bond that’s on the market. Prospective buyers, keep in mind that most other owners at 40 Bond have their own plane. However, you will have access to common spaces clad in cedar and the graffiti-inspired façade that is both beloved and loathed. And if you need dinner, you can get room service from the Gramercy Park Hotel. This apartment is actually starting to sound like a steal.
Video: Inside 40 Bond
On the list of people we want to see destroyed, the recently returned Tuscan tourist ranks high. Everyone has met this person. Nothing is quite the same as it is in Italy; “the pasta we have here just doesn’t compare ” “the ingredients are handled with such simplicity ” and blah blah blah. Meanwhile, they have the same flour, olive oil, and wooden spoons in both places, so what’s the big deal? We aim to find out this week, when “Five Days to Taste Tuscany’s Maremma” hits New York.
It's always exceptionally weird when you see a celebrity doing something almost normal, like bowling, in a normal place, like Williamsburg. But it's even weirder when you see one getting rejected like a normal person. That's what happened to Josh Hartnett this Saturday night around 2 a.m. He rolled up to Williamsburg bowling bar Gutter with another guy and two girls (even mix of guys and girls, good!). To his chagrin, one girl was turned away when she told the doorman she had lost her ID (traveling with people who might be underage, bad!). Hartnett briefly entered the bar (maybe to try to smooth-talk the management? Maybe to bowl a quick strike?) only to emerge to tell the woman it was a no-go, but not to worry— he and his friend would drive her home. In bowling parlance, we'd call that a spare. —Daniel Maurer
• Air America talk-show host Randi Rhodes was assaulted on Park Avenue last night while walking her dog? [Gawker]
• Jack Shafer investigates the billionaires behind ProPublica, the newly established New York–based investigative-journalism nonprofit led by former Journal managing editor Paul Steiger. Surprise, they're big Democratic donors. [Slate]
• Howard Kurtz took the nonstop promotion of his gossipy new book to its logical conclusion, interviewing himself on his own CNN show. [HuffPo]
Throughout the week, the buyers from Kirna Zabête, Henri Bendel, Intermix, and more will tell us which runway looks they plan on stocking. Today, Sarah Easley, co-owner of Kirna Zabête, shares her picks from the recent collections. She loves Thakoon's paillette dresses, all of Proenza, and Erin Fetherston's palette.
Models’ hips may have a circumference smaller than our thighs, but their skirts don't. This spring it’s all about full skirts the bigger, the better. Vera Wang’s purple-blue skirt is a fresh take on Dior's new look. Behnaz Sarafpour's belted dresses add just enough volume to be sexy not hippy. Thakoon’s bright-pink skirt ballooned down the runway, making this spring a rare gift to big bottoms.
With our cameras in tow, fashion correspondent Fabiola Beracasa hit the Thakoon show and found several of the designer’s fans. Filmmaker Liz Goldwyn told of one Thakoon dress she has taken around the world. Mary Alice Stephenson, former fashion director of Harper’s Bazaar, gleefully recalled being Thakoon’s boss before the fashion assistant grew up to be a designer. Find out who else was there by watching the video.