<![CDATA[Jezebel: the economy]]> http://tags.gawker.com/assets/base/img/thumbs140x140/jezebel.com.png <![CDATA[Jezebel: the economy]]> http://jezebel.com/tag/theeconomy http://jezebel.com/tag/theeconomy <![CDATA[Model Survived The Last Depression, Will Manage This One, Too]]> "I've come from where I've come from in life the hard way, like most people. I was never one to spend any money that I hadn't earned, and I never envied what anyone else had."

"What goes on today is over-the-top, and more Mike Todd than Mike Todd ever dreamed up. And I find it dysfunctional to a large degree, and what's dysfunctional is the public that supports it. [...] It's up to every woman and man to look in the mirror and know themselves. To know their social agenda, where they work — you know, dress for the occasion, and certainly dress within your means. Nothing is so important — to me, anyway — to go into debt to look a certain way."

Carmen Dell'Orefice, who will turn 78 this June, started modeling at the age of 14, and earned her first Vogue cover after less than a year in the business. She's worked with great photographers from Richard Avedon, Cecil Beaton, and Irving Penn, to Mario Testino and Tim Walker. Just two weeks ago, she took a turn on the catwalk in London for the label Qasimi. For depth of fashion industry knowledge and experience, you can't go past Dell'Orefice, and this weekend, she talked to National Public Radio's Liane Hansen about her career and the future of fashion.

Her comments about the economy might strike some as condescending — as a supermodel with a more than 60-year career behind her, including stints as a spokesmodel for Revlon and Clairol, and ongoing contracts as a face of brands like Rolex and Target, it'd be natural to assume that she probably has a different notion of hardship than the rest of us. In fact, Dell'Orefice was one of the many who recently lost money — in her case, her life savings — to Bernard Madoff's ponzi scheme.

Dell'Orefice had this to say:

"I have to hand it to designers like Isaac Mizrahi, who reshaped and designed Target, and at a price range for not just the middle class but the poorer middle class. And he is a fine designer. [...] Everything should be affordable, because we're a country of such innovation. And some of the prices of things, it's irrational. You shouldn't be a fashion victim. Fashion is meant for every individual to describe their individuality, not to copy one another, but to inspire individuality."

One Of America's First Supermodels Still Striding [NPR]

Related: Madoff's World [Vanity Fair]

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<![CDATA[ Leanna Archer is perhaps the most ambitious...]]> Leanna Archer is perhaps the most ambitious little 13-year-old in the United States right now: She owns her own hair care company called Leanna, Inc. and she also works as a motivational speaker. Today she will also become the youngest person to ever ring the opening bell at the New York Stock Exchange. Does this young entrepreneur have any motivational words for panicking investors? "Stay positive. Be optimistic." Easy for a 13-year-old to say! [Daily News]

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<![CDATA[Hey You! What Did You Spend Your Stimulus Check On?]]> Well, it looks like those stimulus checks from the government are starting to trickle in, and everyone is going crazy about what to buy! Apparently the checks are working and May's retail sales were "better than expected" (it turns out when you give people money, they spend it!). However, the May deficit for the government hit record heights thanks to all those $300-$600 checks made out to John and Jane Taxpayer, but who's complaining? (Besides some economists, Democrats, and others who think promoting intense consumerism is the last thing American needs?) Everyone loves (sort of not really) free money! The real question is: How did you spend the cash?

A new website called "How I Spent My Stimulus" is devoted to people posting pictures and stories about how they spent the free government dough. A book, based on the entries received, is to come, naturally.

Michael, from Los Angeles, spent his check on a nice little vacation to a communist country (Vietnam). Apparently the spending of American dollars in communist countries was pretty popular this year.

There were also a lot of people who wisely spent their checks on bills, school tuition, tire alignment, and other things they were in need of. One woman gave her stimulus check to her granddaughter to help the poor kid start paying back all the debt the government has acquired by borrowing money from China (and using it for stimulus checks). Fun!

Of course, there were also plenty of dumb people who spent their stimulus checks on frivolous things like luxury goods and clothes (including me, sorry mom!). One guy bought a fucking sailboat. Another guy spent his check on a pair of $330 Prada sunglasses (from the Sunglass Hut, no less). Money well spent?

You decide.

Eric, an earnest guy in Seattle, decided to spend his check on "services" because he heard they would stimulate the economy better than just buying things. He went to go see Cirque de Soleil: Corteo with his family. Do you think he enjoyed it?

Hm.

What did you all spend your stimulus check on? Did you even get it? (Many on the Jezebel staff have not! Give these women their checks, government, there is wine to be bought!) Sadie spent hers on getting someone to clean her kitchen "really, really well." I was planning on saving mine but decided to "invest" (haha) it in some adult clothes (a Helmut Lang blazer on sale and some black pumps by Marc Jacobs). Now all I need an adult situation to wear them in!

[How I Spent My Stimulus]

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