If you want to write a serious profile of the editor of the biggest new thing in the magazine world, don't start it,"Katie Grand has never met a handbag she didn't love."

She's fashion's latest muse, and yet...not. Says New York, "There lurks an unspoken, uneasy relationship between the industry and its newest icon." To put it bluntly, Michelle Obama makes fashion feel bad about itself.

• Lagerfeld on Bruni: "She's imaginative, clever, educated. She knows how to behave. She speaks many languages. It must be an embarrassment for the wives of other heads of state to see this beautiful creature who can wear anything and speak like that. They are hunters who met-predators. It's a good thing. He had…

Lynn Yaeger, one of the sauciest fashion critics around, was given the task of asking various celebrities and fashionistas that hated election question: "Who is chicer, Michelle or Cindy?" Susan Sarandon ignored the question. Kelly Cutrone admitted that she loves Michelle's style and that Cindy "looks like a baseball…

Our favorite magazine-industry blog, the anonymously-penned "View From The Fourth Row", has a new post up: A blind item about a "true life editrix" (we hate that word, "editrix") who is said to love her BlackBerry so much she'd take it into the shower if she could. We don't really care who this unnamed fashion editor…