● Rumor has it that Si Newhouse is in Paris having final talks with Carine Roitfeld to take over American Vogue. Looks like Wintour's life is taking a page from The Devil Wears Prada. If true, wouldn't that be life imitating art, imitating life. [Gawker]
● Liked Carrie Bradshaw's Vivienne Westwood wedding dress from the Sex and the City movie? Well, Gabriella Risatti is making knock-offs -- I mean, "reproductions" -- of the dress today and tomorrow for $15,000. [NYP]
● Just in time for your recessional Christmas, Louis Vuitton is paying homage to Stephen Sprouse by releasing a limited edition of his highly successful graffiti collection. [WWD]

It seems every day, a major publisher or finance company cancels or scales back its holiday parties. Newsweek moved their party (to April! Ha!), while Hearst, ABC, and Conde Nast flat out scrubbed their shindigs. Pretty much any financial institution, if they're even solvent, has canceled or trimmed their winter fests. The Wall Street Journal even ran a guide to scaling back. Now these new economies are seeping into the fashion world, and that's scary because fashion, even in times of turmoil, is supposed to just diva on down the road with a spinning flourish and a jaunty scarf toss. Tell that to Marc Jacobs -- he canceled his annual holiday party, which has been a hot ticket for almost two decades.

There was a time in this country when men donned powdered wigs and sweet tights. That trend is returning, but in a 21st-century kind of way. Dudes are starting to dress like chicks -- the progenitors of fashion are encouraging such lifestyle choices. Heads turned this spring when Prada unveiled their Fall 2008 menswear collection in Milan, where they casually featured a short, wavy skirt, paired with knits and trousers. But who would have guessed from that minor move in menswear that similar products would continue popping up, making 2008 the year that men began tastefully embracing their feminine side while not quite yet flirting outright with full-on drag.

If you've got two hours and room left on your plastic, we've got your personal shopapocalypse. These seven Soho streets will help you enjoy wonderful, personal economic collapse in record time.

START: West Broadway (between Houston and Broome)
● Max Mara - Newly accessorized office couture for the career-minded urbanite.
● Swiss Army Soho - High-quality accessories don't just includes knives.
● Reiss - Britain's answer to Barney's.

For a slice of New York that’s not all bright lights and tall buildings, get off the grid and spend a day in the West Village. The neighborhood’s former moniker, “Little Bohemia,” no longer applies (multimillion-dollar townhouses aren’t exactly anti-establishment), but relics of its former self still exist alongside stylish restaurants and boutiques. Bring a map; with an entire day to spare, we suggest getting purposefully lost.

Stay: A quaint neighborhood calls for an equally quaint hotel. Abingdon Guest House has the vibe of a small-town bed and breakfast -- it’s not for everyone, but its location is ideal for the atypical visitor.

From September 22 to October 19, designer Marc Jacobs will be invading London taxicabs. In promotion for his floral fragrance Daisy, Jacobs will be adorning black cabs in London with the flower, as well as outfitting the cabs’ interiors with faux daisy fields. The idea being that each cab is part of a daisy chain -- kind of like the ones you made during recess in elementary school, except much chicer.

So, did Marc Jacobs marry Brazilian boy Lorenzo Martone this weekend in France? Yes! No! Yes! No? Who cares, he's still opening a new boutique in Chicago at the Elysian Hotel megaplex. The 2,700-square-foot store will go live sometime in 2009. Plus, he's got that rollerball perfume coming out. Marrying one's Latin lover seems almost superfluous compared to such achievements.

Starting this October, our favorite makeup mega-store Sephora will sell a new Marc Jacobs product. The popular perfume Daisy will be available as a glitter gel rollerball. This is pure rewind to our teeny-bopper Limited Too era. The dainty rollerball fits in any purse or makeup bag, so you can get shimmery and perfumey all at once, whenever, whenever.

As we head into the weekend there's a lot of chatter that Marc Jacobs will be tying the knot in Paris to Lorenzo Martone, his Brazilian advertising executive boyfriend of three months. The rumor mill got going yesterday when Fashionista received an email saying that Jacobs would be getting married sometime in the next few days. Whether true or not, blogs around the web are reporting it as fact. However, it may be wishful thinking on our part that Jacobs might finally settle down. Marc has indeed had some rocky and very public relationships in the last few years -- most notable being his on-again, off again relationship with former male escort Jason Preston, who tattooed MJ's logo onto his forearm. Isn't that sweet? If true, Jacobs and Martone would sign a Civil Solidarity Pact, the equivalent to the U.S.'s civil union. Regardless of nuptials or not, here's to Jacobs and Martone and their solidarity.