Small Designers Try to Ride Out Recession

No, although a couple were charged and some were embarrassed

(NEWSER) - The government could soon prosecute a few Wall Streeters who allegedly played a role in the financial crisis, and the commission that uncovered those at fault was modeled on a similar probe after the Great Depression. So did anyone who precipitated that collapse ever go to jail? Nope, writes Brian Palmer in Slate ’s Explainer column: “The rampant speculation and eventual crash of 1929 weren't caused by fraud or illegality, but by unreasonable optimism and loose financial regulation.” More»

Uncertainty is the 'new normal' in America

(NEWSER) - For many Americans, "recovery" feels a lot like recession—and it may take a decade for that to change, finds the New York Times . At the current rate of job creation, for instance, it would take nine years to recapture jobs lost thus far. Home prices, meanwhile, are down 20% since 2005; even assuming 2% inflation, it would take 13 years for the market to reach pre-crisis levels. Everywhere, offices sit empty. More»

Not interested in fashion? Check out the falling models

(NEWSER) - Wondering what you’ve missed so far from Fashion Week? We’ve rounded up five trends to keep your eye on—check out examples of each in the gallery:

• Wearability: Designers from Derek Lam and Vera Wang to, yes, even Marc Jacobs and Rodarte are offering clothes the average person might actually wear, reports the Wall Street Journal .
• Comedic interlude: Models are falling.

Fashion designer found in apparent suicide

(NEWSER) - British fashion designer Alexander McQueen, 40, is dead of an apparent suicide just weeks before the unveiling of his Fashion Week show in Paris. He is believed to have been found hanged in his London apartment, the Mail reports. His Twitter feed, which has since been removed, included a post a few days ago referring to his "F-----g awful week," the Wall Street Journal reports. More»

TV spots hint at hard times, and does it well

(NEWSER) - Advertisers trying to market to recession-bruised consumers could take a cue from Ketel One vodka, suggests Seth Stevenson in Slate . Rather than playing Debbie Downer and addressing the recession with coupons—or ignoring it entirely à la Grey Goose’s glamorous yachting women—Stevenson says Ketel One has made “an effective and fully internalized response to the crisis.” More»