• Like everyone in Fashion, Vogue Editor at XL Andre Leon Talley has many opinions, feels they should be heard. "Asked how Americans can still look fabulous despite the recession, Talley said, 'Wear something old that you love' until Election Day. 'Then, vote for Barack Obama, who'll fix the economy.'" [NY Daily News]
• Most depressing/embarrassing WSJ video ever. "Guy" reporter goes to the Mall of America and interviews people about Republican style. [WSJ]
• Beloved former Chloe brain Phoebe Philo snapped up by Celine! [WWD]
• Nastia Liukin is so over gymnastics. The gold medalist, who's gonna be front and center at Fashion Week, is launching a line. "The five foot three athlete is working with Vanilla Star jeans on launching Nastia Liukin Gold jeans and tops for holiday sales. She is also in talks to design a line of activewear for GK, the company that makes her leotards, which she designs with her mom." [NY Mag]

• Chanel boycotts Russia because of Georgian situation...?! Oh, wait, no, the conflict just meant they couldn't get the venue they wanted. "A Chanel spokeswoman said the decision to nix Moscow was made in July before the crisis in Georgia as the company could not secure the venue it wanted in the Russian capital." [WWD]
• Crasher alert! "A man calling himself "Tom Klein" has been infiltrating chic soirees, claiming he works for Women's Wear Daily. This Klein character got caught when he tried to get on the list for last night's Gossip Girl party at the Empire Hotel, hosted by Dior Beauty, a source said. The crasher, claiming to be a senior editor at Fairchild Media, sends e-mails from a fake address. A WWD spokeswoman told Page Six, 'He is not an employee of Fairchild or Condé Nast.'" [P6]
• Here's how to deal with the recession: Meet the new status phones! "Constructed of precious metals, studded with diamonds and other jewels, and wrapped in exotic leathers, they have struck a chord among the small group of people who can afford them—namely, millionaires and celebrities." [BusinessWeek]
• Banana Republic courts Details readers...or the other way around? Are they different? "Beginning Wednesday through Sept. 17, each retail location will have extensive in-store magazine branding with "look cards," store displays, signage and fitting room signs. Bananarepublic.com will host a microsite with more style tips from Details and special offers from the retailer." [WWD]
• Stefano Pilati's beautiful YSL fashion look book being ignored because it's in a free tote. "When the news hit the fashion blogs last week, it was all about the cute bag, not the amazing images of Naomi Campbell, photographed by Inez van Lamsweerde and Vinoodh Matadin. To think, a real ‘It’ bag, for free, considering a Muse starts around $1,395. And, on the handout, the YSL logo is fetchingly printed upside down." [NYT]
• For those of us who already can't afford Tracy Reese, the news of her new, high-end line will not come as a joyful surprise. [WWD]
• Uniqlo might be bringing its cheap cashmere to India, Russia. [WSJ]
• What recession? H&M expands. Says the CEO, "Our strategy is based on the concept of fashion and quality at the best price...It helps us stay balanced even during economic downturns." [Business Week]
• Apparently, fashionistas have no qualms about fast fashion! Reports a Racked spy,"I was in the Forever21 in Soho and heard the one of the managers tell her staff in a meeting to 'look out' and 'be prepared' for stylists, editors and celebrities coming this week for Fashion Week." [Racked]
• Todd Oldham admits his show Top Design kind of blows. Okay, not really. "I would not want to be a contestant on this show at all," he says. "It's just too brutal. I said it before, but this is the only show I know on TV that is a thousand times harder than what it looks. It was way, way harder than what it looked like." [Breitbart]
• Designer and glamorous eccentric Isabel Toledo feted by the fashion elite: "A drag queen performed a cabaret homage to Ms. Toledo—"Isabel, you've chaaaaanged!"—which featured the word "motherfucker." Then Emcee Simon Doonan, of Barney's...narrated a slideshow of Ms. Toledo's life, from 'the Cuban Revolution to this incredibly un-Communist luncheon.'" [Observer]
• The Hef effect? "At New York fashion week, which kicks off Friday, designers including Phillip Lim, Michael Bastian and Tim Hamilton are expected to show a number of pajama-inspired clothes that are meant to be worn in broad daylight. The looks include colored piping on jackets and shirts, spread-open pajama collars, soft, unpadded jackets that hang loosely off the shoulders — and, of course, voluminous drawstring pants." [WSJ]
• Jonathan Saunders for Target might be awesome. Why must they tempt us with their fast fashion?! [Fabsugar]
• "With casual sweaters and sharp suits in shades of black, white and grey, Ji Wenbo became the first Chinese designer to showcase a collection at Japan's Fashion Week in a bid to woo customers in fashion-savvy Tokyo." [Reuters]
• With fashion in transition, we lack a Savior: "Still, there is no world-beater. There are no names that suggest clear-cut potential both to reshape fashion and somehow with it the global culture of style. There is no one, to take the obvious example, likely to replace Yves Saint Laurent, who died in June and seemingly took with him not merely a genius for conjuring glamour from whole cloth, but also for draping his designs to suit the mood of his time." [NYT]
• The New York Observer throws its pink hat into the fashion-glossy ring with Observer Style, "a semiannual magazine due to make its debut Nov. 16 and focused on the local fashion scene." [WWD]
• Carlos Miele is expecting a baby. "Insiders" say it's a boy called Leonardo. The item is titled, "stork to bring stylish baby." [P6]

[New York, February 15. Image via INFDaily]

• Todd Oldham has been named creative director at Old Navy. Says ON prez Dawn Robertson:"Todd was an interesting choice because he is so relevant. He is really modern." Which is interesting, you see, because the Gap usually goes the extra mile to be irrelevant. [WWD, sub req'd]
  
• Cell phones are the new handbags, so if your Prada phone, your Dolce & Gabbana phone, and your iPhone aren't cutting it for you, never fear! Armani is getting into the mix too. [WWD, sub req'd]
  
• Chanel president Veronique Morali has resigned, having only held her position at the French fashion house since March. Meaning the turnover rates for heading up Chanel are about on par with the turnover rates for fashion magazine assistants. Only with, like, three zeroes added to the salary. [WWD, sub req'd]
  
• Former Dior Homme designer Hedi Slimane told France's Le Monde newspaper he agreed with us about how fashion weeks are completely absurd and retarded because we have the internet now, duh. "[Seasonal fashion shows] don't relate to anything anymore." [WWD, 2nd item]

• Vera Wang: Set to play herself (but bitchier) on Ugly Betty! [WWD, 4th item]
• Ellen Tracy founder Herb Gallen has died at age 92 of natural causes. [WWD, sub req'd]
• Burberry: Now offering its already-expensive shit at even more ridiculous prices, courtesy of a new luxury handbag capsule collection. Oh and if you feel like coughing up the dough for one of these, take heed: Buying one is invitation only. Barf. [Vogue UK]
• On the fate of his company (will he sell it or won't he?), designer Roberto Cavalli says, "I'm not a great businessman unfortunately." But at least he knows his way with a snake print and neon-hued ruffle? [Vogue UK]
• Cathy Horyn may have finally stopped talking about Marc Jacobs, but Simon Doonan has just begun: "I'm sure I would've loved Marc Jacobs but I had to go home. By 10:40, I was out the door. Not in a huff. I didn't leave in a huff. I just thought, I need to go home now and walk the dog and take my girdle off." [The Fashion Informer]
• If by chance you find yourself in Milan with the hope of stalking your favorite (and by favorite we mean least favorite) fashion types, here's a good list of places to start. [GlamChic]
• Further evidence that high fashion in fact steals from its knockoffs: Burberry has taken to manufacturing, and incorporating into its ad campaigns Burberry plaid buttons that originally emerged as a clever means off renegade logo-theft. [EV Said via Coutorture]