Sunday, September 28, 2008

On the Street.....White Frames, Milano



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[Source: The Sartorialist]

On the Street.....Giovanna!, Milano



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[Source: The Sartorialist]

Rebecca Minkoff Nikki Hobo Handbag

September 29, 2008post written by Bag Bliss blogger: BrSRebecca Minkoff Nikki Hobo HandbagRecently, the Rebecca Minkoff Nikki Hobo has been spotted on the arms of many celebrities. This includes Vanessa Minnillo, who was photographed some time ago with this handbag in yellow. Personally, I find the Rebecca Minkoff Nikki Hobo to be quite attractive. The [...]

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[Source: Bag Bliss]

Ctrl BG: A Shortcut to Financial News 9/28

Since I enjoyed writing the last post so much, I've decided to continue to do so. It has proven to be a great way to help me put everything into perspective and it's been fascinating reading what everyone else thinks as well. Again, feel free to correct me and put in your two cents, as obviously, I am no expert. I'm just a girl who happens to be interested in the current state of the economy.

Last Sunday night, Goldman Sachs (GS) and Morgan Stanley (MS) were approved by the Fed to become bank holding firms, officially ending the era of the independent investment banking model on Wall Street. They will now be able to open their own commercial banking arms and take in deposits, which they can then use to back up their investment banking operations- as JP Morgan, Bank of America (BofA) etc already does- thus ending investor concerns about the sustainability of their business model model. They now also have permanent access to borrow federal money (instead of within the window temporarily opened for them) and can become a FDIC insured bank, which insures indivisuals up to $100,000 of bank deposits. The following day, MS announced that they were getting as much as $8.5 billion of cash injection from Japan's Mitsubishi UFJ Financial Group (MUFG) in exchange for up to 20% equity stake in MS, further fortifying their position. I guess the deal with China fell through (or were the Chinese getting too greedy and the US govt didn't like that?). This is probably a better move anyway, since MUFG is the world's No. 2 bank by deposits, so surely it will help MS's transition into commercial banking go more smoothly. MS apparently already has about $36 billion in bank deposits from their private wealth management (PWM) business and are looking to expand into Asia. Or so, that's what CNBC said, but I didn't know PWM deposits count as bank deposits, but if they do, I guess this means that MS are looking to expand their PWM business in Asia. Or perhaps this $36 billion comes from their Utah-base industrial bank, which will be converting into a national banking association, names the Morgan Stanley Bank, National Association? Goldman Sachs' approach is must easier to understand (or so I think). They currently already have two deposit taking subsidiaries, with about $20 billion in deposits, and plan to create a new one called GS Bank USA, that will have more than $150 billion of assets.

This conversion is not all good and dandy though. Becoming a bank holding also puts both banks under more intense scrutiny and regulations from the Fed, which will probably limit their proprietary trading capacities (the division where they trade company assets like a hedge fund, taking on great risks), which happens to be one of their most lucrative divisions. I don't know about MS but personally I'm feeling quite optimistic about GS. On Tuesday, Warren Buffet invested $5 billion in GS preferred stocks and will also recieved warrants to purchase another $5 billion in common stock within the next 5 years- effectively give him about a 10% stake in GS. They also raised another $5 billion from a public stock offering, all within a few days. This and Buffet's approval, which in the investment world is the equivalent of getting Anna Wintour's approval in the fashion world, make me quite optimistic. Besides, I have always had great confidence in the power of brand image, Buffet just likes to call it "franchise."

On Thursday, Washington Mutual (WaMu), was seized by the FDIC, making it the biggest banking failure ever. Within 9 days, customers withdrew about $16.7 million in deposits from WaMu, literally breaking the bank. JP Morgan picked up WaMu's banking assets for only $1.9 billion. JP has had its eye on WaMu's operations in CA and FL for a while, and had offered for them in March, but was rejected in favor of a capital injection from TPG private equity (whoops!). It seems like JP got yet another bargain. JP is not the only one who got a sweet deal in all this however. It appears that Mr. Alan Fishman, WaMu's CEO for only 2 weeks, is eligible for $11.6 million in cash severance AND get's to keep his $7.5 million signing bonus. Not bad for two weeks worth of work.

It seems that the financial tsunami is expanding abroad too. Fortis,
the largest Belgian financial-services firm, just received an $11.2 billion euro bailout from Belgium, the Netherlands and Luxembourg in exchange for 49% stakes in the Fortis in their respective countries. It's almost like the European version of AIG.


The next bank on the chopping block is Wachovia- funny since a week ago they were in talks to merge with MS. Citigroup and Wells Fargo are currently in a bidding war over a possible emergency takeover of Wachovia, since it's stocks dropped dramatically on Friday.

While all this was going on, politicians were hard at "work" trying to get the $700 billion bailout bill to pass Congress. I'm not that into politics, but even I tuned in Wednesday morning to hear Paulson and Bernanke defend their case to the people at Congress. I'm not sure how politics usually go, but to my untrained ears, it sounded like a verbal merry-go-around, placing blames and trying to trick each other into saying something wrong. A members ask a simple yes/no question, Paulson/Bernanke would answer in a very roundabout way which prompts the member to ask, "so was that a yes or a no?" to which they'd repeat what they'd just said again. This would go on until the time is up or someone finally gives up from the frustration of it all. No wonder it takes them months to get a bill to past.
I'd imagined it to be more diplomatic and sophisticated. Anyway, I think the gist was that people didn't think taxpayers should have to bailout Wall Street (and individual homeowners) for taking too on stupid risks. But they had to do something. So they moved onto putting clauses on the plan, for oversight to monitor the use of the money, a cap on CEO pays and for warrants in companies who will be using this plan, so taxpayers would at least get something back for the $700 billion they spent. There was a gliche, when a bunch of Republicans rejected the plan and proposed some other plan to privately insure mortgage backed securities (there was shouting involved!), but it sounds like they're back on track now and a bill will be voted on Monday.

Personally I don't know what to think about this bill. On one hand, I don't think tax payers should have to bail out people who took on unneccessary stupid risks and expect everyone else to wipe up their mess when things go down just because the mess is big enough. As if our future generations didn't already have a big enough debt to clear up already, with the war and the social security problem etc. but now we have this. On the other hand, just like a bad trend, someone has to step in and put a stop to it before it spreads through the population. And with the newly added clauses, it's the next best step there is. Besides, if the likes of Paulson, Bernanke and Buffet, says this is a sound plan, who am I to gainsay the experts?


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[Source: I am Fashion]

Michael Kors Rehearsal Drawstring Handbag

September 27, 2008post written by Bag Bliss blogger: bRsMichael Kors Rehearsal Drawstring HandbagWhen most people over at TBF talk about Michael Kors handbags, they are usually talking about the handbags from the MICHAEL Michael Kors line. This less expensive line offers some really great styles that are very reasonably priced. It seems as though it [...]

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[Source: Bag Bliss]

20% OFF everything @ Manhattanite!

Lipstick Jungle is back for another season of drama, making it big in NYC and of course, killer fashion trends.ShopManhattanite.com is celebrating the Season 2 premiere of Lipstick Jungle by offering 20% off everything!Enter promo code: “LipstickJungle” and checkout.This offer expires Tuesday the 30th at midnight EST.

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[Source: Bag Bliss]

The latest must have!



The latest must have guilt free handbag comes from Pibiones by Antonello.

Pibiones pay tribute to the best of Italian eco luxury fabric choices. Trialling authentic Sardinian hand weaving methods in ethically managed factories, the collection of accessories are handcrafted by a handpicked group of leading handbag manufacturers in villages in mainland Italy.

Shedding light on Italian textiles and putting localised Italian handiwork and the importance of its preservation back on the map, Pibiones designer Antonello Tedde prides himself on only working with experts in accessories production and ultimately bringing Sardinian production methods back into the global consciousness. London Fashion Week, BFC


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[Source: Luxury eco-conscious fashion]

Beauty Event: $50 gift card + free croc embossed tote.

With any beauty or fragrance purchase of $450, get a $50 gift card and this tote with deluxe samples from your favorites.Not looking to spend $450? Well, if you spend only $100 you’re not completely out of luck.With $100 purchase, get a black nylon croc-embossed tote with purple lining filled with various samples.For the $50 [...]

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[Source: Bag Bliss]

Oscar de la Renta sample sale @ Gilt Groupe

Rare opportunity coming to you.. the legendary label Oscar de la Renta is set to be on sale over at the Gilt Groupe.Save up to 70% off the latest great pieces from the designer.The sale begins on the 29th!!Gilt is an exclusive invite only sample sale site. email me at Jennifer@BagBliss.comChat Now: Oscar de la [...]

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[Source: Bag Bliss]

Francesco Biasia Tess Shoulder Bag

September 29, 2008post written by Bag Bliss blogger: bRsFrancesco Biasia Tess Shoulder BagI’m not really sure why, but I have been staring at Francesco Biasia handbags a lot lately. I love their structured, yet slightly slouchy, shapes. I love their eye-popping colors (especially the candy apple red). And I love how they are so reasonably [...]

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[Source: Bag Bliss]

C&C California sale

Now through October 31st, receive $10 off clearance orders of $75 or more with promo code [B]LS1031[/B]womens, mens & kids included! With price reductions already up to 80%, there’s no better time to take advantage of huge savings at C&C California

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[Source: Bag Bliss]

GAP Leather Satchel Handbag

September 29, 2008post written by Bag Bliss blogger: DeysaGAP Leather Satchel HandbagI think every Bagista is a fan of the convertible bag, well, at least I am. Whats not to love about those handbag-by-day, large-clutch-by-night pieces? As we all know a numerous amount of designers have released their own versions of the style, including Foley [...]

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[Source: Bag Bliss]

Christian Louboutin Jesse James Clutch

Christian Louboutin fans, just in over at Saks Fifth Avenue, CL’s latest Jesse James clutch.Jesse James Suede Clutch: Western fringe moves off the prairie and onto the city streets with this totally luxe chain strap style.details:Signature red sole shoe snap claspInside open wall slit pocketInside signature leather patchSatin signature sole print lining9” width X 5″ [...]

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[Source: Bag Bliss]

Louis Vuitton Monogram PM Malle Agenda

September 28, 2008post written by Bag Bliss blogger: bRsLouis Vuitton Monogram PM Malle AgendaAnyone else out there currently in school? I am currently about 5 weeks into the fall semester and I generally like my classes. But you know what? College can get so hectic sometimes. I always like to have a planner with me [...]

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[Source: Bag Bliss]

Thursday, September 25, 2008

CFDA sample sale @ Gilt Groupe

Going on now –yes, right this second– it’s the CFDA sample sale over @ Gilt Groupe.Behnaz Sarafpour, Boy by Band of Outsiders, Derek Lam, Notte By Marchesa, Rachel Roy and Thakoon for 50% - 80% off. No joking here. You better rush over and logon to gilt because these items are flying off the shelves.If [...]

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[Source: Bag Bliss]

Claudine Pumps by Coach

My first reaction upon seeing this season's peep-toe winter booties was EW. That is just unnatural, completely against the laws and purpose of boots! Your toes will definitely freeze off if you wear this in winter! And so when I first saw these Coach Claudine pumps, I immediately put a no to it. Why would they ruin a perfectly nice pair of pumps and put a random peep-toe on it? I wasn't even swayed when I saw my favourite Gossip Girl, B, wearing them on the set. To be honest, this is not one of her best outfits. To begin with it doesn't look very flattering on her. Her waist looks big (even though it's belted) and the length of her skirt makes her look short (or is it this picture?). Her top looks summery while her scarf and skirt looks wintery. The shoes is just the child of both these looks.

But then I stared at the picture of these pumps some more and it really started to grow on me. The masculine Oxford style is made softened by the satin bow and the slim and elegant shape of the heel. The mini platform in the front makes these four inch pumps more comfortable and wearable (or so I hope!). The combination of suede, satin and patent leather is very clever. The patent is even neatly placed to wrap around the suede parts to protect it from dirt! The whole package is just very nice!

As for the peep toe,
I guess in the world of fashion, there is no such thing as being weather appropriate. I can always wear colored stockings inside for warmth and some interesting color. And if you try to imagine these pumps without the peep toes, you must admit, it IS missing out something. Besides, it looks like peep-toe oxford booties are here to stay, judging from the S/S 09 Burberry Prorsum runway.

When it comes down to it, these are definitely trend shoes and not "investment" shoes. Personally, even though I'm coming around to it, I'm still not sure if they're not too weird for wear. What do you think? Is this an embraceable trend or should we shun it aside and hope it goes away?

Image Source: Coach.com

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[Source: I am Fashion]

PRADA Pizzo S Satchel Handbag

September 25, 2008post written by Bag Bliss blogger: DeysaPRADA Pizzo S Satchel HandbagOne of my favorite fall trends at the moment is lace, especially black lace. I love the dark vintage look of it, yet a feminine feel is still present. Lace tops and shawls are a few additions Ive added to my fall wardrobe, [...]

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[Source: Bag Bliss]

Anna Sheffields Bing Bang Sophia Purse

You guys have heard of Bing Bang by Anna Sheffield before right? Not really as well known as other handbag designers out there, but all-and-all that makes no difference when it comes down to style and function. The latest handbag by Bing Bang, called Sophia, was recently spotted on the set of hit TV Show [...]

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[Source: Bag Bliss]

At Marni



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[Source: The Sartorialist]

On the Street.....That Dress, NYC



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[Source: The Sartorialist]

On the Street.....Near the Duomo, Milano



I have been up every night till 2 or 3am working on images since I arrived in Milan. As you can imagine I am pretty exhausted but the story that goes with this image is very cute so I will try to write it tonight or on the train to Paris.

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[Source: The Sartorialist]

Shiny New Sale - Going on Now at Shop Bop

September 25, 2008post written by Bag Bliss blogger: bRsShiny New Sale - Going on Now at Shop BopSummer is officially over. It’s time to wave goodbye to your shorts and flip flops. Unfortunately, you won’t be needing them any longer (Dang, I love my flip flops!). For me, I’m really sad to see the summer [...]

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[Source: Bag Bliss]

Wednesday, September 24, 2008

At Prada, Milano



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[Source: The Sartorialist]

Coach Legacy Top Handle Bag

September 24, 2008post written by Bag Bliss blogger: DeysaJuicy Couture Lock Gossip Hobo BagHave you gals seen the latest products Coach has to offer? Ive always found interest in the brands infamous Legacy line, especially in their leather goods. Chunky brass hardware and thick leathers have always been Coach details that I admire, which leaves [...]

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[Source: Bag Bliss]

The Melie Bianco Diagonal Handbag & Clutch

PiperLime shoppers, have you guys browsed Rachel Zoe’s top look-for-less picks? One of the pieces that caught my eye, chosen by the stylist-to-the-stars, is the Melie Bianco Diagonal tote.This 2-in-1 purse is available in 2 colors at piperlime: Taupe with a touch of yellow and my favorite, gorgeous teal. Price: $79Chat Now: The Melie Bianco [...]

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[Source: Bag Bliss]

Juicy Couture Lock Gossip Hobo Bag

September 24, 2008post written by Bag Bliss blogger: MarissaJuicy Couture Lock Gossip Hobo BagI have never been one to think that Juicy Couture handbags were stylish but, as I said before, lately they have been doing a fabulous job in the purse designing department. I pretty much never carry a hobo or shoulder bag for [...]

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[Source: Bag Bliss]

Bottega Veneta Intrecciato Polonio Frame Bag

What do you guys think of this fresh pastel yellow color? Without a doubt, this color just screams spring.. and chances are spring-hues are not on your mind. but what if i were to tell you this Bottega Veneta beauty is on sale, for $800 off retail.What I love about this bag is that it’s [...]

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[Source: Bag Bliss]

On the Street.....Bryant Park, NYC



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[Source: The Sartorialist]

Tuesday, September 23, 2008

On the Street.....Molto Bello, Milano



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[Source: The Sartorialist]

Stella McCartney Melamine Purse

New little evening statement piece from Stella McCartney..Travel light with this amazing Stella McCartney suitcase style clutch, it is a directional finish to all your evening looks with seasonless appeal. Find it over at net-a-porter.Chat Now: Stella McCartney Melamine Purse

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[Source: Bag Bliss]

Abasa Emma Croc Embossed Clutch

September 22, 2008post written by Bag Bliss blogger: bRsAbasa Emma Croc Embossed ClutchEarly this year, framed wallets were sprouting up in department stores everywhere. And by the time Alicia posted about one made by Lodis back in May, they were HOT (read about it here: Very Hot - Primadonna Frame Wallet by Lodis)! But like [...]

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[Source: Bag Bliss]

Versace Croc Embossed Patent Handbag

September 22, 2008post written by Bag Bliss blogger: MarissaVersace Croc Embossed Patent Handbag have always loved the Versace Leather Satchel in just about every color. It has always reminded me of the Louis Vuitton Multicolore Speedy 30, which is one of my favorite handbags in the world. Like the Multicolore Speedy, the Versace Croc Embossed [...]

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[Source: Bag Bliss]

Marc by Marc Jacobs Quilted Lydia Lock It Up Purse

September 22, 2008post written by Bag Bliss blogger: bRsMarc by Marc Jacobs Quilted Lydia Lock It Up PurseMarc Jacobs is at it again! Pictured above is just one of his many new creations. Introducing the Marc by Marc Jacobs Lock It Up Quilted Lydia Bag. It’s big, it’s bold, and it’s… blue. I guess Marc [...]

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[Source: Bag Bliss]

On the Street.....The Passerby, Milano



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[Source: The Sartorialist]

On the Street.....Hudson St., NYC



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[Source: The Sartorialist]

On the Street.....Apple, Milano



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[Source: The Sartorialist]

London Fashion Week - Estethica - Spring Summer 09



Thank you for visiting our stand at the London Fashion Week Estethica - Spring Summer Fashion. We really had fantastic time talking to you. We hope you enjoyed the show as much as we did. Please if you have any question about our company, our products, do not hesitate to call us! We would also like to thank Fromsomewhere team, Orsola De Castro and Filippo Ricci, for giving us the opportunity to be part of this truly unique event and for the support of the organizers.


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[Source: Luxury eco-conscious fashion]

Pringle of Scotland Kasia Slouch Handbag

Who is the Pringle of Scotland? I love this tote.The basic details: This ultra-light and super luxurious Kasia is a large Black leather slouch tote with contrast and tonal knot detailing down the front and back. This tote also features double super comfy handles, which are perfect length for over the shoulder, a button and [...]

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[Source: Bag Bliss]

Emmy Awards 2008

OK, honestly I wasn't interested in the Emmy's this year (because there is simply so many more interesting news right now, like the financial news and the China milk scandal.) But the one thing that I did want to know about the Emmy's was that Tina Fey, Alec Baldman and 30 Rock won four 'big' awards -so yay for them!

Image Credit: http://www.style.com/


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[Source: I am Fashion]

Milan S/S 09: Burberry Prorsum

I love Christopher Bailey. He revamped the Burberry checks and made them cool again and he's just looks like such a cutie! But even that didn't stop me from being disappointed in his latest collection. It was a depressing show.
The models with their long trench coats and floppy hats almost look like those creepy nudists on the streets. The dreary colors didn't help (I thought it was supposed to be a spring/summer collection?). I could see some bits and pieces of the effortlessly chic look here and there, with the long cardigans and skinny pants (left), but the rest kind of just blended together into a muddy haze. The designs were not bad, but it was just not very interesting or inspiring. It was like there were 52 versions of the same look. Oh wait, that's not quite true. One model stuck out in particular- in addition to being drenched upon, she looked like she took an extra role in the mud.... and accidentally got dead leaves and branches stuck on her coat (right).
Oh and check out the shoes. It appears that not only do we now have peep-toe oxford shoes, but we will have peep-toe-sling-back oxford shoes very soon too! More on how I feel about these later.......As for the
color of these shoes, it is absolutely ugh, but I suppose then you wouldn't have to worry about getting it dirty from rolling in the mud!

Image Source: Style.com


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[Source: I am Fashion]

Zac Posen Greenzluxe Puala Clutch

Checkout Zac’s latest addition to his fall ‘08 handbag line. Meet the Deco-inspired Greenzluxe Puala Clutch, an elegant leather style piece that works fabulously for all occasions from day to night.Shop for Zac Posen @ Saks Fifth AvenueChat Now: Zac Posen Greenzluxe Puala Purse

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[Source: Bag Bliss]

Cash, Check or Charge?

Cash: Perlina Croc Wallet, $7.50, www.forever21.com
Check: Reptile-Print Clutches, $19.50, www.oldnavy.com
Charge: Isa Lizard Emboss, $295, www.loreleinyc.com

Croc clutches are all the rave right now but don't be predictible and buy a bright red clutch. Other colors to consider would be sunlight yellow, plum purple or sea aqua (like Selita Ebanks in a recent post). If your on a budget, the "cash" or "check" options are right up your alley but for those of you with a little more money to burn opt for this gorgeous Isa Lizard Emboss clutch. It's perfect with a cocktail dress or jeans!


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[Source: I Like Her Style!]

Totally Selfish Shopping Post, Milan


Love the shape of this jacket and really love the purple color.

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[Source: The Sartorialist]

On the Street.....Via Turati, Milano



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[Source: The Sartorialist]

Sunday, September 21, 2008

On the Street.....ReMix at Ralph Lauren


I know this photo is over at Men.Style.com but it is easily my favorite look of the season.

I love the formality of the DB with the worn jeans and velvet slippers. The shape of the DB is perfect.

This is a really inspiring image to me, not because I would want to wear the exact same thing - but it makes me think of how I would do it slightly differently and with the clothes I already have in my closet.

I have a navy cashmere single-breasted jacket, similarly worn jeans and brown slip-on loafers - I already own these elements, I just haven't put them together quite this way.

It sounds so simple, but when you have a busy life you often just grab the looks that you already know work for you. Little visual reminders like this help me to mentally reorganize my closet.

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[Source: The Sartorialist]

The Yves Saint Laurent Zip Crest Tote vs. The Mayle Billie Doux Bag

September 18, 2008post written by Bag Bliss blogger: bRsThe Yves Saint Laurent Zip Crest Tote vs. The Mayle Billie Doux BagWhile browsing around over on Shop Bop’s website, I stumbled across this new bag from Mayle. I looked at it and thought it looked eerily familiar. Hmm… where have I seen a bag like this [...]

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[Source: Bag Bliss]

On the Street.....Sixth Avenue, NYC



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[Source: The Sartorialist]

On the Street.....Two Cute, NYC



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[Source: The Sartorialist]

Fashion News!

September 19, 2008post written by Bag Bliss blogger: JenniferFashion News: Weekly Round Up!A Few Goody GumDrops teams up with Misikko and shows you how to get salon looking hair! Stiletto Jungle explains why clip-on earrings are a true must-have. Allie is Wired fashion face off: Jessica Simpson vs. Kelly Osbourne. Bag Bliss spots the top [...]

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[Source: Bag Bliss]

Ctrl BG: A Shortcut to Financial News

Its not about fashion, but the state of the economy is still something that concerns everyone and I just thought it would be interesting to have something a little bit different on this blog once in a while. Im sure Im not qualified to comment since I probably dont have nor understand all the facts of the situation, but it never hurts to share some thoughts right? So here are some thoughts on the last tumultuous week.

Personally I was shocked by the events of last Sunday. I knew that Lehman Brothers was in troubled waters, but I thought it was only going to be bought out like Bear Stearns was, by Bank of America or Barclays. Never in a million years did I think that it would go bankrupt (perhaps a strategy by Barclays so then they can buy the Lehman assets they want on the cheap, as they are doing now?). Instead of bailing Lehman out, BofA bought Merrill Lynch instead that night. At that point, I was vaguely aware that ML was not doing so well, but I didnt know it had reached this stage yet. Apparently a sudden evaporation of liquidity (whatever that means), does that to banks. Who knew BofA was so strong? As I recall, they were the first to be hit by the Credit Crunch last year, with their takeover of Countrywide (another Fannie/Freddie-esque home loan bank) and huge write downs and lay-offs. As it turns out, Countrywide might be a good buy after all now that the competition has been weeded out somewhat and BofA is as strong as ever with the financial backing of their commercial banking side. With ML joining their team, their investment banking side is also going to strengthen up- by a lot. All in all, it was quite a traumatizing Sunday. It was like saying that Gucci went bankrupt and Prada got bought out and merged with Coach- all in one day.

Everything went down like dominos after that. The stock markets worldwide went down. AIG and Washington Mutual struggled to stay afloat. It was a good thing that the government stepped in with an 85 billion dollar loan in exchange for 79.9% of AIG, when they did (after Goldman Sachs and JP Morgan balked at the idea). With their wide range of businesses (mutual funds, insurances etc) worldwide, it wouldve been devastating. It would be as if LVMH declared they were in trouble! Im not sure how I feel about the government using tax payers money to save a private institution, but I guess somehow had to do it. Cant let LVMH fall! As for Washington Mutual (a.k.a. WaMu), I dont feel too much for them, since theyre not exactly a household name (for me anyway, a bit like not everyone knows who Bottega Veneta is), but theyre currently trying to auction off some parts of itself.

The two remaining independent investment banks, Morgan Stanley and Goldman Sachs, were also under attack against their business model this week, even though both posted higher than expected earnings (yes, I mean profits!). It appears that many people now believe that an investment bank cannot survive without a steady cash flow from a commercial banking arm. Throughout the week, both banks said that they were committed to remaining independent, repeating that it is not the business model but the execution that counts. However, Morgan Stanley has been under pressure the most. It is as if because people believe it will fall, they are making it fall by shorting their stock, pushing down their stock prices (and thus the SEC ban on the short selling of selected stocks for two weeks). They are currently in talks with the Chinese government for a large capital infusion (they are going to need a BIG one) and with Wachovia to merge. I think a merger between these two would more aptly epitomize, Target acquiring Neiman Marcus, as Leveraged Sellout had used for the BofA and ML merger.

On the other hand, I am a sucker for brand image and I cannot begin to fathom the possibility of GS giving into market pressure and merging with a commercial bank. Its not as if they are doing very badly. Theyve consistently reported profits throughout the economic turmoil so far- even if it IS less so then years before. At least its not a loss! Im sure that there may be write downs cleverly hidden in their balance sheet (for both banks!), but it cannot be nearly as bad as Lehman and ML right? Yes, I do realize I am beginning to sound a bit naive, but it would be like Hermes giving into market pressure and start mass producing Birkin bags with machines! Besides, shouldnt it be innocent until proven guilty?

Towards the end of the week, the SEC finally stepped in to temporarily ban the short selling of selected stocks for two weeks (to stop the prices from tumbling down) and the government came up with a plan to deal with this whole toxic debt problem. Im not sure exactly how this plan is supposed to work but it sounds like theyre going to use $700 billion to buy back all the toxic debts and give financial institutions a fresh start. Sounds like a good idea, they can't bail companies out one at a time as they fall after all, better to target the root of the problem. Not that I know where the government is getting that kind of money from (arent they already in debt from the war?) and what theyre going to DO with those bad debt once they buy it. Surely they cannot just dissolve it and let everyone who did not meet their mortgage payments off the hook? Why were people lending money to people who clearly cannot repay the loan to begin with?

Ok, now Im heading into territory where I really do not have a good grasp on. So Im going to shut up now and go back to admiring the runways of Milan fashion week. Just thought Id give financial journalism/blogging a hand.

****
Scratch that. It seems that Target is not acquiring Neiman Marcus anymore but Hermes is going to start mass producing Birkin bags- in their own way. MS and GS both just got approval from the Fed to switch from being an investment bank to a bank-holding firm i.e. they are now allowed to open up their own commercial banks and take in deposits. MS will probably not need the Chinese capital infusion anymore either. There are now officially no more major independent investment banks in the US. What is it with Sundays and groundbreaking news?


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[Source: I am Fashion]

On the Scene.....The Coolest, NYC



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[Source: The Sartorialist]

amazing deals you dont want to miss.

Giorgio Armani Beauty Fall Offer:Giorgio Armani is delighted to offer complimentary shipping with any cosmetics, fragrance or skincare purchase of $45. Simply enter promo code SEPT45 upon checkout. Offer ends September 30, 2008.Saks Fifth Avenue:Contemporary EventSeptember 22nd through 28th, receive a $50 gift card with your contemporary purchase of $450 or more! enter code WILD [...]

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[Source: Bag Bliss]

Juicy Couture Luxe Medallion Bowler Bag

A very pretty new purse from Juicy Couture just hit the shelves over at Saks Fifth Avenue. The name of this new Fall ‘08 piece - The Luxe Medallion Bowler Bag.The bag, which of course is made in Juicy Couture’s signature Velour fabric in a new quilted piping design features brushed silver hardware, zip top [...]

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[Source: Bag Bliss]

On the Street.....All Over Print, NYC



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[Source: The Sartorialist]

Burberry Roll Up Shimmer Tote

The handbag designers over at Burberry must read BagBliss + TBF, to have concluded this awesome 2-in-1 design. What’s so amazing about the 2/1 thing is that it’s the type of style that’s perfect for day-to-night action. Say you’re using the tote as a day bag, but you really want to change your accessory look [...]

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[Source: Bag Bliss]

Marc by Marc Jacobs Party Girl Bow Bag

September 20, 2008post written by Bag Bliss blogger: bRsMarc by Marc Jacobs Party Girl Bow BagIs anyone else already thinking about holiday parties? It’s not like I ever go to that many anyway, but I think it is fun to look at all the cute little evening bags everyone is wearing. Well I came across [...]

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[Source: Bag Bliss]

Top 5 Handbags Worn By Celebrities

September 18, 2008post written by Bag Bliss blogger: MarissaTop 5 Handbags Worn By CelebritiesCelebrities are known as the go to guides for fashion trends. They can be quite powerful when it comes to wearing something fashionable. One picture is taken of them wearing a certain handbag, and next thing you know the picture is everywhere. [...]

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[Source: Bag Bliss]

On the Street.....The Dream Team, NYC



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[Source: The Sartorialist]

On the Street....15th St., West Village



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[Source: The Sartorialist]

On the Scene.....Mr. Zegna, NYC


I have no idea what type of watch Mr. Zegna is wearing but I think it would be so cool if it was an Ironman running watch.

This is Mr.Zegna first appearance on The Sartorialist but it will hopefully not be his last.

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[Source: The Sartorialist]

New York S/S09: Project Runway

Is it just me, or did Project Runway pick up a bit this season? It was kind of interesting to see what kind of crazy, wild creations this set of designers put onto the runway (consistent perfection is so *yawn*). But anyway, this post is not a review of the designs on the runway (well maybe a tiny bit), but more of a rant on the way the show is ran.

One of the main goals of this show (besides the Saturn, the money and the publicity) is getting to show at Bryant Park. How many times have we heard the designers on the show say that they WILL make it to Bryant Park? Only the top three is supposed to make it there. But because the show started late this season (for whatever reasons), SIX designers made it to Bryant Park as a decoy so the viewers won't know who made it to the final three in the show. Personally I feel like this kind of undermines the show. What is the point of elimination and survival of the fittest when 6 instead of 3 designers get to share one of the most coveted prizes? What is the point of a "limited edition" bag if everyone on the streets own one too?
Back to the show, I think it's obvious who is in the top two. Korto and Leanne have been consistently good. And they have good taste (which is a big plus, given the "taste" level of the show thus far). Personally I am vouching for Leanne. Her designs are always very simple but interesting and flattering.
My second favourite is actually Kenley. I just love the whole pin-up girl look she has going. But I must say, she's made quite a few wrong turns and it is unsure whether she'd make it to top three.
But then again, I certainly hope none of these looks make it to top three..........

Image Source: Kansas City Star


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[Source: I am Fashion]

London S/S 09: Luella

I'm the first to admit, London fashion week is too fashion forward most of the time for me to understand. Luella is the exception. Mostly because she is quirky in a preppy way, which I can appreciate. Her runway gives me ideas on how I can twist and tweak the preppy pieces I already own to become more quirky and "new". This season, she doesn't disappoint.
I absolutely detest orange. But somehow Luella makes it work by clashing it with hot pink and a vibrant blue on the runway. The outfits actually look cute and girly, instead of pumpkin-esque! Hmm...maybe I'll get something orange next season. I already have a pair of black plastic rimmed glasses!

The other innovation on the runway was the asymmetrical tiered skirt. I'm not quite sure how I feel about that yet, I've always been a fan of symmetry. But it is definitely quirky and different, it could even be cute and fun (there is an even more asymmetrical skirt than the one shown here on the runway- this is the less adventurous version). And of course, there was the usual Luella floral prints all over the runway- I love how she somehow makes it appear edgy instead of old fashioned.
Another thing I love about the Luella show is how she mix and matches prints. That soft pink floral top totally works with the bold pink stripe pants! And that lavender floral dress is just adorable. In fact, the poofy skirt and the tulles even gives it a prom-like quality (not that you would not look completely darling and perfect wearing this to a more sophisticated occasion!). Anyone need an updated prom dress?

Image Source: Style.com


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[Source: I am Fashion]

London S/S09: Top Shop Unique

I have to admit that I've never been hip enough to like or understand Top Shop Unique's collections. But this is the first time I've seen stuff on its runway that I've wanted.

I'm a fan of mini-dresses in general. These both look colourful and young -the one on the left great for a night out and the one on the right good for a fun daytime look.


I really like these two looks too. The dress on the left is classy yet still cute. And the look on the right is a bit too 80's for me, but still looks cool.


Image Credit: www.vogue.co.uk

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[Source: I am Fashion]

On the Street.....Bag Envy, West Vilage



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[Source: The Sartorialist]

On the Street.....Wet & Styled, NYC





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[Source: The Sartorialist]

Top Shop A/W08 Lookbook

Top Shop's A/W08 Lookbook is out! While you may not be able to actually shop at Top Shop, you should definitely check the looks out. They're really great streetwear inspiration (albeit a bit too well-styled). The Wonderland collection is a bit too Miu Miu SS08-esque and the Punk Couture collection looks like they just piled all the plaid clothes into a group, but the Bandstand and Boudoir collections are definitely worth looking.
My favourite is the Boudoir collection -Casual, luxurious looks in a cute way.
These two looks are equally cute in a darker, edgier way.
Image Credit: www.topshop.com


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[Source: I am Fashion]

On the Street.....W. 21st, Chelsea



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[Source: The Sartorialist]

On the Street...After the Storm, Chelsea



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[Source: The Sartorialist]

On the Street.....Mr. Fitzwell, NYC


get it?
Mr. Fitzwell

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[Source: The Sartorialist]

Hair Stories: Rock It Out

Rihanna, Tamyra Gray, Sylvia Rhone punk out their short crops to give them each a new look.
1. Kizzi Stay-Put Hair Pomade, $9.50, www.carolsdaughter.com; 2. Moisturizing Silkening Liquid-Gel by Miznai, $13.96, www.just4beauty.com; 3. Bumble and bumble Sumo Wax, $21.95, www.folica.com; 4. Color Brilliance SilKomb 50, $4.99, www.sallybeauty.com; 5. Tool Science Nano Silver Paddle Brush, $6.99, www.sallybeauty.com; 6. Dirt Texturizing Paste by Jonathan, $14, www.sephora.com; 7. Elucence Extended Moisture Repair Treatment, $15.99, www.culmart.com; 8. L'Oreal Color Rays in Red, $10.99, www.drugstore.com

Long hair is so overrated. Yes, it's versatile but there's nothing more confident than a woman who can wear her hair short with confidence. For those of you already sporting a cropped hairstyle you might consider trying the spiked looks above. Rihanna's hairstlye is especially fabulous - it has a hard edge but is soft enough to wear on an everyday basis. The products above can help you achieve these looks. The most important is hair wax and the stay-put pomade. If you want your style to last all day, carry the pomade/wax with you so you can retouch when needed.


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[Source: I Like Her Style!]