Wow, only seven movies and one notable video short were viewed back in June, and only two of those eight were seen on The Medium itself, film. Even further, of the two on film, only one was actually great, WALL-E. Something sad happened in June, methinks. Was it a melancholy anticipation of the summer's end, even though it had just begun? Ah, but it was not a total loss! Though on DVD, Werner Herzog's Grizzly Man, Claire Denis's The Intruder and Abbas Kiarostami's Taste of Cherry were viewed all for the first time. Eeek! This dummy summer post is turning into a real confessional, my god! Before I discredit myself further, I shall stop. The full queue is below, and you can never see Director Josh Weinberg's The Website Is Down too many times!
Sex and the City - (2008) - Film
Seen: Sunday, June 1, 2008
I'd be lying if I said Sex and the City didn't make me feel a little dirty inside. It was more of a hollow feeling really. Yes, the fashion was fantastic, the slideshow montages of clothing changes pretty and enviable. But something about 40-something women longing for their 20-year-old selves just made me miss my boyfriend, my friends and everything else important to me--the things that get better with age, which is all drastically unlike la moda in a New York minute. I let my feelings be known that I didn't care for it over here.
Speed of Life - (2008) - DVD
Seen: Tuesday, June 2, 2008
I interviewed Director Ed Radtke here, as a contribution to the Asian-American International Film Festival, and he was a pleasure to talk to. His movie, shot collaboratively with Brooklyn youths in their own neighborhoods (olde Billyburg included), was a mixed-medium picture that combined everything from digital video to VHS recordings to capture his narrative with a documentary twist.
Pretty to Think So - (2008) - DVD
Seen: Monday, June 9, 2008
Directors Francis Hsueh and Steven Hahn's Pretty to Think So had some of the better production values of small-budget independent pictures. But the story, amidst a lower-downtown with Trade Center towers visible in one shot, was strangely disjointed from some of its more grounding, intimate settings.
Grizzly Man - (2005) - DVD
Seen: Wednesday, June 18, 2008
The Intruder - (2005) - DVD
Seen: Friday, June 20, 2008
Herzog's and Denis's flicks were talked about here, along with Kiarostami's Taste of Cherry (see below), at Scarlett Cinema.
The Website is Down - (2008) - YouTube
Seen: Friday, June 20, 2008
A bit more about Weinberg and The Website Is Down can be found here!
Taste of Cherry - (1997) - DVD
Seen: Saturday, June 21, 2008
(see above)
WALL-E - (2008) - Film
Seen: Friday, June 27, 2008 (opening night!)
Going back to the 70s, George Lucas's films THX 1138 (1971) and Star Wars (1977) changed the way the future is imagined in mainstream culture. His future was a revolt against the perfectly rounded edges of an ultra-modern landscape, rejecting a fully automated future that does not reference everyday equipage of the present. Lucas's THX1138 has its characters tethered to thick telephone cords, and Star Wars references the same dusty landscape of the American Western. It also visualizes spacecraft as rather clunky pieces of man-made hardware, dependent on and vulnerable to the human touch. I believe it was sound artist Walter Murch who coined the term "used future,” the remnants of the past that are either constituent parts or leftover relics in the imagined future; in short, a landscape of the future cluttered with a whole lot of the objects and structures of today.
The veteran Pixar employee and director of WALL-E (2008), Andrew Shapiro’s picture of the future—at least on Earth—is not simply of a “used” future as per Murch, but one of total disuse. Earth is crumbled and abandoned, only one green sprout remains alongside dear WALL-E in his hovel of discarded human possessions. The Rubik’s Cube is the most obvious, and what a call back to a time when Lucas’s Star Wars still reined supreme (and maybe it still does). So there are elements of the “used future” here, but WALL-E is much darker than that. I loved the sparse dialogue, letting the story tell itself with only intermittent blips of sound from the old VHS tape of Hello Dolly (1969). A movie I have never seen, nor really cared to see, suddenly took on major significance, giving an unlikely answer to that question among cinephiles, “if you could take one movie into the future...?”
Also, doesn’t WALL-E look like #5 from Short Circuit (1986)?
Tuesday, September 30, 2008
Pre nekoliko godina Kate Moss nacrtala je auto - portret koristeci ruz za usne.
Ovih dana portret je prodat privatnom kupcu za 33.600 funti, sto je 61.850 dolara. Cini se - preterano...
Sada, vredi li toliko?
Victoria Beckham za Indonezanski Harper's bazaar
Victoria Beckham nasla se na naslovnici Indonezanskog izdanja Harper’s Bazaar za Oktobar.
Slike preuzete sa community.livejournal.com/beckhamsdaily
Gucci torbe
Guccio Gucci je 1921. pokrenuo kompaniju koja se bavila kožnom galanterijom i otvorio mali dućan u rodnoj Firenci. Gucci proizvodi su bili spoj elegancije i vrhunske izrade majstora iz Toscane zbog čega su vrlo brzo postali traženi, privlačeći kupce širom svijeta koji su htjeli dobar i otmen proizvod. Već tada proizvodio je torbe, rukavice, cipele, remenje i kupaće kostime.
Tokom rata zbog nedostatka klasičnih materijala Gucci je stvorio poznatu „Bamboo bag“ od trstike koja se u prodaji može naći i danas.
Već '50-tih godina otvorio je svoje prodavnice u Milanu i u New Yorku. Nakon njegove smrti, sinovi su nastavili tradiciju, te se proširili u London, Palm Beach, Paris i Beverly Hils.
Nakon što su Gucci torbe nosile Jackie Kennedy i Liz Taylor postale su nezaobilazan deo visoke mode.
'70-tih godina kompanija je došla u finansijske probleme te se deo prodao i od tada nije u porodicnom vlasništvu.
1994. u Tom Ford postaje kreativni direktor unoseći neke promene i novitete.
2000. godine stvoren je novi original „La Pelle Guccissima“ koža s otisnutim novim logoom koji je nakon toga postao novi zaštitni znak.
Tokom rata zbog nedostatka klasičnih materijala Gucci je stvorio poznatu „Bamboo bag“ od trstike koja se u prodaji može naći i danas.
Već '50-tih godina otvorio je svoje prodavnice u Milanu i u New Yorku. Nakon njegove smrti, sinovi su nastavili tradiciju, te se proširili u London, Palm Beach, Paris i Beverly Hils.
Nakon što su Gucci torbe nosile Jackie Kennedy i Liz Taylor postale su nezaobilazan deo visoke mode.
'70-tih godina kompanija je došla u finansijske probleme te se deo prodao i od tada nije u porodicnom vlasništvu.
1994. u Tom Ford postaje kreativni direktor unoseći neke promene i novitete.
2000. godine stvoren je novi original „La Pelle Guccissima“ koža s otisnutim novim logoom koji je nakon toga postao novi zaštitni znak.
YSL
Jedan od najvećih modnih kreatora XX veka, Yves Saint Laurent, preminuo je u nedelju 1. juna u svojoj 71. godini objavila je Fondacija YSL.
Njegov uticaj i značajna na zvezdanom modnom nebu ostavio je dubok i neizbrisiv trag u svetu mode i luskuza. Brend YSL ostaće zauvek stimbol univerzalnog stila, inovativnosti i možda ponajviše, stvaralačke hrabrosti...
Kraj njegove modne vladavine desio se 2002. godine, kada je njegova modna kuća formalno zatvorena. Formalno abdicirajući u korist imperije GUCCI koja je kupila brend, ostvario je ideju da svi proizvodi YSL, nastave da predstavljaju sinonim za stil i trend...
Njegov život u modnom svetu započeo je veoma rano. Genijalnost koju je ispoljio, praktično odmah pošto se zainteresovao za modu, učinila je da već sa 17 godina, došavši u Pariz iz Alžira - rodjen je u Oranu - postane desna ruka tvorcu novog modnog poratnog poretka Christianu Dioru.
Posle samo tri godine rada za CD, umire veliki maestro, i estetiku i stil brenda Christian Dior, "nasleđuje" upravo mladi dizajner. Našavši se u veoma teškoj ulozi da nadmaši "nenadmašnog" i učini skoro nemoguće, posle samo 12 meseci pojavljuje se sa kolekcijom koju potpisuje za Christian Dior. Poput svog učitelja odlučuje da napravi radikalne izmene i da već izgrađenu siluetu posleratne žene naglašene linije struka i bogatih nabora na suknjama i haljinama potpuno izbriše sa modne scene. Idući ispred svog vremena trasirao je put novoj emancipovanoj, modernoj ženi, željne slobode i dinamike savremenog života. Hrabrim "presecanjem" sa tradicionalnom formom, predstavlja svoju kolekciju "Trapeze" i trijumfalno se penje na upražnjeni modni tron.
Modni svet, koji se već i uljuljkao u ulogu siročeta velikog Diora, u ekstazi glorifikuje mladog sramežljivog kreatora sa naočarima. Nedugo zatim , kada doživljava nervni slom zbog poziva za odluženje vojnog roka, francuska kuća, zarad svog imidža ali i recidiva old fashion stila u odnosu prema skandalima, vrlo brzo zamenjuje princa naslednika sa dizejnerom Marc Boganom. Razočaran i duboko povređen, princ bez krune, povlači se na godinu dana i vida rane otvorivši svoj prvi butik u 14. arondismanu, nedaleko od Šanzelizea. Od tada datira i emotivno poslovna veza sa Pijerom Beržeom koji će do samog kraja koordinisati i sporovoditi sve zamisli koje genije YSL bude kreirao i stvarao...
Njegova prirodana boja i kreativni beg bila je crna. Crna su i tri inicijala (YSL) koja po svetu predstavljaju snagu i moć brenda, crn je i smoking koji je zauvek ostao omiljena "uniforma" francuskom dizajneru koji je sa podjednakom lakoćom oblačio u njega i muškarce i žene... Ipak u trenucima stvaranja njegova paleta je živa i vatrena baš kao što su i njegove, sada već istorijske kolekcije, inspirisane delima Mondriana, Pikasa, Matisa, Van Goga kao i dalekim putovanjima, bogatstvom nasleđa mnogih naroda i kultura koje je tamo otkrivao....
Trag koji je tokom svog rada i delovanja u svetu mode ostavio Yves Saint Laurent nije se samo završavao na trendi kolekcijama i asesoarima... Jedan je od prvih dizajnera mode koji se bavio i sociološkom kritikom društva, upravo kroz svoj rad. U vreme kada je on to počinjao, mnoge nama danas bliske stvari i načini nisu bili niti poznati niti prihvaćeni. Godinama je zbog toga brend YSL sticao i "branio" titulu logoa kome skandali i provokacija nisu bili strani... Kolekcijom "40 -te" za koju je inspiraciju našao upravo u mračnim godinama rata, izazvao je buru reagovanja na "smelost" kojom se upustio u koketiranje sa jednim tako nesrećnim i tužnim periodom za svet. Sa druge strane dobija podršku u velikom broju poklonika koji veličaju njegov rad.
Kampanja za njegov parfem YSL "Homme", kada se 1971. za potrebe iste, slikao nag, bila je šamar, uljuljkanom kvazikonzervativnom društvu i vrednostima koje je savremeni način života prevazilazio i činio paradoksalnim... Ova kampanja ušla je u anale svetskih promotivnih aktivnosti i postigla fantastičan uspeh. Šest godina kasnije (1977) opet je iziritirao javnost svojim parfemom koji je nazvao "OPIUM". Komentari na ime su bili loši i kritički, ali uspeh parfema trijumfalan, sve do današnjih dana...
Veoma mnogo YSL, sarađivao je sa najvećim umetnicima 20. veka. U mnogima je pronalazio prijatelje sa kojima je razmenjivao ideje i načine za svoj umetnički izražaj. Oni sa kojima je najduže sarađivao i družio se bili su Margerit Dira, Žana Koktoa. Ipak, stvar koja je obeležila čitavo njegovo biće je parabola da je YSL bio izuzetno nesrećan čovek koji ni kroz umetnost nije uspeo da sebe "očisti" od unutrašnjih demona koje je nosio do poslednjeg dana. Samo čin kreacije i veza sa Beržeom predstavljali su za njega lepu stranu života. Sve ostalo bilo je sivo i turobno..
Pravi opis njega napisao je upravo njegov emotivni i poslovni oslonac Berže, u sledećih nekoliko reči: Iv se na maestralan način upisao u knjigu francuskih genija i to na jednoj od najznačajnih i najlepših stranica. To bi trebalo da ga učini, neosporno srećnim. Ali ako bi to prihvatili na taj način , onda svakako ignorišemo da kreacija uvek slavi "venčanje" talenta i patnje...
Umoran i bolestan, Iv se 2002. godine povukao. Snimci njegovog poslednjeg pojavljivanja ostaće upamćeni kao trenuci kada se iza njegovih čuvenih crnih kockactih naočara nadvio veo tuge i duboke patnje za onim što ostavlja... Tada je rekao: Upoznao sam strah i užasnu samoću, i one lažne prijatelje koje zovu sedativi i opijati. Bio zarobljen u depresiji i sanatorijumima...
Ovom rečenicom samo se potvrdilo da je u svoj svojoj genijalnosti bio usamljenik koji je duboko patio za nečim još većim i značajnijim. Za slobodom koju mu njegov brend posle nekog vremena nije dozvoljavao i za usponima koje je posle mnogih padova teško osvajao.
Njegov život u modnom svetu započeo je veoma rano. Genijalnost koju je ispoljio, praktično odmah pošto se zainteresovao za modu, učinila je da već sa 17 godina, došavši u Pariz iz Alžira - rodjen je u Oranu - postane desna ruka tvorcu novog modnog poratnog poretka Christianu Dioru.
Posle samo tri godine rada za CD, umire veliki maestro, i estetiku i stil brenda Christian Dior, "nasleđuje" upravo mladi dizajner. Našavši se u veoma teškoj ulozi da nadmaši "nenadmašnog" i učini skoro nemoguće, posle samo 12 meseci pojavljuje se sa kolekcijom koju potpisuje za Christian Dior. Poput svog učitelja odlučuje da napravi radikalne izmene i da već izgrađenu siluetu posleratne žene naglašene linije struka i bogatih nabora na suknjama i haljinama potpuno izbriše sa modne scene. Idući ispred svog vremena trasirao je put novoj emancipovanoj, modernoj ženi, željne slobode i dinamike savremenog života. Hrabrim "presecanjem" sa tradicionalnom formom, predstavlja svoju kolekciju "Trapeze" i trijumfalno se penje na upražnjeni modni tron.
Modni svet, koji se već i uljuljkao u ulogu siročeta velikog Diora, u ekstazi glorifikuje mladog sramežljivog kreatora sa naočarima. Nedugo zatim , kada doživljava nervni slom zbog poziva za odluženje vojnog roka, francuska kuća, zarad svog imidža ali i recidiva old fashion stila u odnosu prema skandalima, vrlo brzo zamenjuje princa naslednika sa dizejnerom Marc Boganom. Razočaran i duboko povređen, princ bez krune, povlači se na godinu dana i vida rane otvorivši svoj prvi butik u 14. arondismanu, nedaleko od Šanzelizea. Od tada datira i emotivno poslovna veza sa Pijerom Beržeom koji će do samog kraja koordinisati i sporovoditi sve zamisli koje genije YSL bude kreirao i stvarao...
Njegova prirodana boja i kreativni beg bila je crna. Crna su i tri inicijala (YSL) koja po svetu predstavljaju snagu i moć brenda, crn je i smoking koji je zauvek ostao omiljena "uniforma" francuskom dizajneru koji je sa podjednakom lakoćom oblačio u njega i muškarce i žene... Ipak u trenucima stvaranja njegova paleta je živa i vatrena baš kao što su i njegove, sada već istorijske kolekcije, inspirisane delima Mondriana, Pikasa, Matisa, Van Goga kao i dalekim putovanjima, bogatstvom nasleđa mnogih naroda i kultura koje je tamo otkrivao....
Trag koji je tokom svog rada i delovanja u svetu mode ostavio Yves Saint Laurent nije se samo završavao na trendi kolekcijama i asesoarima... Jedan je od prvih dizajnera mode koji se bavio i sociološkom kritikom društva, upravo kroz svoj rad. U vreme kada je on to počinjao, mnoge nama danas bliske stvari i načini nisu bili niti poznati niti prihvaćeni. Godinama je zbog toga brend YSL sticao i "branio" titulu logoa kome skandali i provokacija nisu bili strani... Kolekcijom "40 -te" za koju je inspiraciju našao upravo u mračnim godinama rata, izazvao je buru reagovanja na "smelost" kojom se upustio u koketiranje sa jednim tako nesrećnim i tužnim periodom za svet. Sa druge strane dobija podršku u velikom broju poklonika koji veličaju njegov rad.
Kampanja za njegov parfem YSL "Homme", kada se 1971. za potrebe iste, slikao nag, bila je šamar, uljuljkanom kvazikonzervativnom društvu i vrednostima koje je savremeni način života prevazilazio i činio paradoksalnim... Ova kampanja ušla je u anale svetskih promotivnih aktivnosti i postigla fantastičan uspeh. Šest godina kasnije (1977) opet je iziritirao javnost svojim parfemom koji je nazvao "OPIUM". Komentari na ime su bili loši i kritički, ali uspeh parfema trijumfalan, sve do današnjih dana...
Veoma mnogo YSL, sarađivao je sa najvećim umetnicima 20. veka. U mnogima je pronalazio prijatelje sa kojima je razmenjivao ideje i načine za svoj umetnički izražaj. Oni sa kojima je najduže sarađivao i družio se bili su Margerit Dira, Žana Koktoa. Ipak, stvar koja je obeležila čitavo njegovo biće je parabola da je YSL bio izuzetno nesrećan čovek koji ni kroz umetnost nije uspeo da sebe "očisti" od unutrašnjih demona koje je nosio do poslednjeg dana. Samo čin kreacije i veza sa Beržeom predstavljali su za njega lepu stranu života. Sve ostalo bilo je sivo i turobno..
Pravi opis njega napisao je upravo njegov emotivni i poslovni oslonac Berže, u sledećih nekoliko reči: Iv se na maestralan način upisao u knjigu francuskih genija i to na jednoj od najznačajnih i najlepših stranica. To bi trebalo da ga učini, neosporno srećnim. Ali ako bi to prihvatili na taj način , onda svakako ignorišemo da kreacija uvek slavi "venčanje" talenta i patnje...
Umoran i bolestan, Iv se 2002. godine povukao. Snimci njegovog poslednjeg pojavljivanja ostaće upamćeni kao trenuci kada se iza njegovih čuvenih crnih kockactih naočara nadvio veo tuge i duboke patnje za onim što ostavlja... Tada je rekao: Upoznao sam strah i užasnu samoću, i one lažne prijatelje koje zovu sedativi i opijati. Bio zarobljen u depresiji i sanatorijumima...
Ovom rečenicom samo se potvrdilo da je u svoj svojoj genijalnosti bio usamljenik koji je duboko patio za nečim još većim i značajnijim. Za slobodom koju mu njegov brend posle nekog vremena nije dozvoljavao i za usponima koje je posle mnogih padova teško osvajao.
Tekst preuzet sa Posh Magazina
Monday, September 29, 2008
Paris S/S 09: Nina Ricci
When I was a kid, I'd somehow got the impression that Nina Ricci was for old people (yes, I got started into fashion very early). I am definitely much wiser now (either that or Olivier Theysken performed a miracle), because the Nina Ricci collection this season was anything but old.
There were lots of tulles and leggings. The color palette was a nuetral cream, pale and nude. The shape of the skirts, short and modern in the front, but soft and overflowing behind them, were beautiful. There was also a big shoulder silohoeutte thing going on that contrasted well with the soft flows of the dresses. I especially loved the white big shoulder leather jacket (left) over the super feminine dress.
The rest of the runway was interesting. There were lots of shorts and t-shirts, and leotard looking outfits (left), that looked more like day to day home wear (or ballet costumes) than ready-to-wear. Then there were super heroe inspired ball gowns. Perhaps this is an extension of Christina Ricci's gorgeous red super heroe dress for the Met Costume Institute Gala this year?
Image Source: Style.com
There were lots of tulles and leggings. The color palette was a nuetral cream, pale and nude. The shape of the skirts, short and modern in the front, but soft and overflowing behind them, were beautiful. There was also a big shoulder silohoeutte thing going on that contrasted well with the soft flows of the dresses. I especially loved the white big shoulder leather jacket (left) over the super feminine dress.
The rest of the runway was interesting. There were lots of shorts and t-shirts, and leotard looking outfits (left), that looked more like day to day home wear (or ballet costumes) than ready-to-wear. Then there were super heroe inspired ball gowns. Perhaps this is an extension of Christina Ricci's gorgeous red super heroe dress for the Met Costume Institute Gala this year?
Image Source: Style.com
Sunday, September 28, 2008
May Movie Wrap-up
To move more quickly through the heavy backlog of my film journal, this next post will encapsulate all the movies seen in the month of May. Almost all were good, but there is one film of the bunch that simply confounds and frustrates me, La Vie en Rose (2007). Great performance from Marion Cotillard, but the story was too stagnant, too formulaic to appreciate. That said, here are flicks I enjoyed:
Woman on the Beach - (2007) - Film
Seen: Thursday, May 1, 2008
I found my first Hong Sang-soo film, Woman on the Beach hilarious and cute. Our old pal Tativille talks about it in more depth here.
La Vie en Rose - (2007) - DVD
Seen: Sunday, May 4, 2008
Per this post's introduction, you know I didn't "like" La Vie en Rose, but at this juncture, what does that assessment matter? Let's not beat a dead horse, on to the next movie, one that I enjoyed!
The Insider - (1999) - DVD
Seen: Wednesday, May 7, 2008
Voila! I hadn't rewatched Michael Mann's The Insider since its release (now almost a decade ago, that makes me feel old), but I forgot so many of the great things about it over the years. I wrote up a bit on Seen's sister site here, at Scarlett Cinema.
Baby Mama - (2008) - Film
Seen: Friday, May 9, 2008
I'm just saying, Baby Mama got a bit of the shaft last spring. Is it a golden comic delight of the Dodgeball, Anchorman or Step Brothers caliber? Well, no. But it is still an enjoyable movie that was, in my opinion, too harshly judged and dismissed. I found some sexist-slanted reviews and wrote about it here, as well.
Halloween - (1978) - DVD
Seen: Saturday, May 10, 2008
Why in the world did Halloween show up in the viewing queue in the middle of the month of May? Who knows, but who cares! It never hurts to see Carpenter's biggest horror classic.
Dressed To Kill - (1980) - DVD
Seen: Sunday, May 11, 2008
I watched Dressed to Kill three years ago on the cusp of my departure from grad school and at the time was disappointed. But what was I thinking? This is why one rewatches movies: as we grow, sometimes we grow into movies too. De Palma's flick is eerie the whole way through, and entrancingly meta in its moments capturing the killer on film--whether it's the elevator surveillance video or the frame-by-frame capture of the psychologist's front door. And Michael Caine to boot!
Advise and Consent - (1962) - DVD
Seen: Saturday, May 17, 2008
Just in time for an election year, Otto Preminger's Advise and Consent! If you haven't see it, please do...
Medicine For Melancholy - (2008) - DVD
Seen: Sunday, May 18, 2008
Ah, new director Barry Jenkins! We shall hear much more from him in the future, watch out. Here's my review, and an interview he and I had last year.
How The West Was Won - (1962) - DVD
Seen: Sunday, May 18, 2008
Man, I wish I was around to have experienced Cinerama. The three stories, each directed by three different directors (Hathaway, Ford, Marshall), themselves aren't anything to write home about, but come on, it's Cinerama! The spectacle of this film alone is enough to appreciate it. And I do wish I had a Blu-ray disc player to see it how old Dave K. recently did...
Alpha Dog - (2006) - DVD
Seen: Thursday, May 22, 2008
Augh, "bitches," "bitches" everywhere. Strangely, I really enjoyed Nick Cassavetes' Alpha Dog, but it sure ain't helpin' the cause. I talked about it in conjunction with SatC, over here.
Man Push Cart - (2005) - DVD
Seen: Monday, May 26, 2008
I began my catch-up on director Ramin Bahrani's filmography for a piece I wrote here (links embedded). Man Push Cart is a fond prelude to this year's Chop Shop, undoubtedly one of the year's best films.
Woman on the Beach - (2007) - Film
Seen: Thursday, May 1, 2008
I found my first Hong Sang-soo film, Woman on the Beach hilarious and cute. Our old pal Tativille talks about it in more depth here.
La Vie en Rose - (2007) - DVD
Seen: Sunday, May 4, 2008
Per this post's introduction, you know I didn't "like" La Vie en Rose, but at this juncture, what does that assessment matter? Let's not beat a dead horse, on to the next movie, one that I enjoyed!
The Insider - (1999) - DVD
Seen: Wednesday, May 7, 2008
Voila! I hadn't rewatched Michael Mann's The Insider since its release (now almost a decade ago, that makes me feel old), but I forgot so many of the great things about it over the years. I wrote up a bit on Seen's sister site here, at Scarlett Cinema.
Baby Mama - (2008) - Film
Seen: Friday, May 9, 2008
I'm just saying, Baby Mama got a bit of the shaft last spring. Is it a golden comic delight of the Dodgeball, Anchorman or Step Brothers caliber? Well, no. But it is still an enjoyable movie that was, in my opinion, too harshly judged and dismissed. I found some sexist-slanted reviews and wrote about it here, as well.
Halloween - (1978) - DVD
Seen: Saturday, May 10, 2008
Why in the world did Halloween show up in the viewing queue in the middle of the month of May? Who knows, but who cares! It never hurts to see Carpenter's biggest horror classic.
Dressed To Kill - (1980) - DVD
Seen: Sunday, May 11, 2008
I watched Dressed to Kill three years ago on the cusp of my departure from grad school and at the time was disappointed. But what was I thinking? This is why one rewatches movies: as we grow, sometimes we grow into movies too. De Palma's flick is eerie the whole way through, and entrancingly meta in its moments capturing the killer on film--whether it's the elevator surveillance video or the frame-by-frame capture of the psychologist's front door. And Michael Caine to boot!
Advise and Consent - (1962) - DVD
Seen: Saturday, May 17, 2008
Just in time for an election year, Otto Preminger's Advise and Consent! If you haven't see it, please do...
Medicine For Melancholy - (2008) - DVD
Seen: Sunday, May 18, 2008
Ah, new director Barry Jenkins! We shall hear much more from him in the future, watch out. Here's my review, and an interview he and I had last year.
How The West Was Won - (1962) - DVD
Seen: Sunday, May 18, 2008
Man, I wish I was around to have experienced Cinerama. The three stories, each directed by three different directors (Hathaway, Ford, Marshall), themselves aren't anything to write home about, but come on, it's Cinerama! The spectacle of this film alone is enough to appreciate it. And I do wish I had a Blu-ray disc player to see it how old Dave K. recently did...
Alpha Dog - (2006) - DVD
Seen: Thursday, May 22, 2008
Augh, "bitches," "bitches" everywhere. Strangely, I really enjoyed Nick Cassavetes' Alpha Dog, but it sure ain't helpin' the cause. I talked about it in conjunction with SatC, over here.
Man Push Cart - (2005) - DVD
Seen: Monday, May 26, 2008
I began my catch-up on director Ramin Bahrani's filmography for a piece I wrote here (links embedded). Man Push Cart is a fond prelude to this year's Chop Shop, undoubtedly one of the year's best films.
Saturday, September 27, 2008
Ctrl BG: A Shortcut to Financial News 9/28
Since I enjoyed writing the last post so much, I've decided to continue to do so. It has proven to be a great way to help me put everything into perspective and it's been fascinating reading what everyone else thinks as well. Again, feel free to correct me and put in your two cents, as obviously, I am no expert. I'm just a girl who happens to be interested in the current state of the economy.
Last Sunday night, Goldman Sachs (GS) and Morgan Stanley (MS) were approved by the Fed to become bank holding firms, officially ending the era of the independent investment banking model on Wall Street. They will now be able to open their own commercial banking arms and take in deposits, which they can then use to back up their investment banking operations- as JP Morgan, Bank of America (BofA) etc already does- thus ending investor concerns about the sustainability of their business model model. They now also have permanent access to borrow federal money (instead of within the window temporarily opened for them) and can become a FDIC insured bank, which insures indivisuals up to $100,000 of bank deposits. The following day, MS announced that they were getting as much as $8.5 billion of cash injection from Japan's Mitsubishi UFJ Financial Group (MUFG) in exchange for up to 20% equity stake in MS, further fortifying their position. I guess the deal with China fell through (or were the Chinese getting too greedy and the US govt didn't like that?). This is probably a better move anyway, since MUFG is the world's No. 2 bank by deposits, so surely it will help MS's transition into commercial banking go more smoothly. MS apparently already has about $36 billion in bank deposits from their private wealth management (PWM) business and are looking to expand into Asia. Or so, that's what CNBC said, but I didn't know PWM deposits count as bank deposits, but if they do, I guess this means that MS are looking to expand their PWM business in Asia. Or perhaps this $36 billion comes from their Utah-base industrial bank, which will be converting into a national banking association, names the Morgan Stanley Bank, National Association? Goldman Sachs' approach is must easier to understand (or so I think). They currently already have two deposit taking subsidiaries, with about $20 billion in deposits, and plan to create a new one called GS Bank USA, that will have more than $150 billion of assets.
This conversion is not all good and dandy though. Becoming a bank holding also puts both banks under more intense scrutiny and regulations from the Fed, which will probably limit their proprietary trading capacities (the division where they trade company assets like a hedge fund, taking on great risks), which happens to be one of their most lucrative divisions. I don't know about MS but personally I'm feeling quite optimistic about GS. On Tuesday, Warren Buffet invested $5 billion in GS preferred stocks and will also recieved warrants to purchase another $5 billion in common stock within the next 5 years- effectively give him about a 10% stake in GS. They also raised another $5 billion from a public stock offering, all within a few days. This and Buffet's approval, which in the investment world is the equivalent of getting Anna Wintour's approval in the fashion world, make me quite optimistic. Besides, I have always had great confidence in the power of brand image, Buffet just likes to call it "franchise."
On Thursday, Washington Mutual (WaMu), was seized by the FDIC, making it the biggest banking failure ever. Within 9 days, customers withdrew about $16.7 million in deposits from WaMu, literally breaking the bank. JP Morgan picked up WaMu's banking assets for only $1.9 billion. JP has had its eye on WaMu's operations in CA and FL for a while, and had offered for them in March, but was rejected in favor of a capital injection from TPG private equity (whoops!). It seems like JP got yet another bargain. JP is not the only one who got a sweet deal in all this however. It appears that Mr. Alan Fishman, WaMu's CEO for only 2 weeks, is eligible for $11.6 million in cash severance AND get's to keep his $7.5 million signing bonus. Not bad for two weeks worth of work.
It seems that the financial tsunami is expanding abroad too. Fortis, the largest Belgian financial-services firm, just received an $11.2 billion euro bailout from Belgium, the Netherlands and Luxembourg in exchange for 49% stakes in the Fortis in their respective countries. It's almost like the European version of AIG.
The next bank on the chopping block is Wachovia- funny since a week ago they were in talks to merge with MS. Citigroup and Wells Fargo are currently in a bidding war over a possible emergency takeover of Wachovia, since it's stocks dropped dramatically on Friday.
While all this was going on, politicians were hard at "work" trying to get the $700 billion bailout bill to pass Congress. I'm not that into politics, but even I tuned in Wednesday morning to hear Paulson and Bernanke defend their case to the people at Congress. I'm not sure how politics usually go, but to my untrained ears, it sounded like a verbal merry-go-around, placing blames and trying to trick each other into saying something wrong. A members ask a simple yes/no question, Paulson/Bernanke would answer in a very roundabout way which prompts the member to ask, "so was that a yes or a no?" to which they'd repeat what they'd just said again. This would go on until the time is up or someone finally gives up from the frustration of it all. No wonder it takes them months to get a bill to past. I'd imagined it to be more diplomatic and sophisticated. Anyway, I think the gist was that people didn't think taxpayers should have to bailout Wall Street (and individual homeowners) for taking too on stupid risks. But they had to do something. So they moved onto putting clauses on the plan, for oversight to monitor the use of the money, a cap on CEO pays and for warrants in companies who will be using this plan, so taxpayers would at least get something back for the $700 billion they spent. There was a gliche, when a bunch of Republicans rejected the plan and proposed some other plan to privately insure mortgage backed securities (there was shouting involved!), but it sounds like they're back on track now and a bill will be voted on Monday.
Personally I don't know what to think about this bill. On one hand, I don't think tax payers should have to bail out people who took on unnecessary stupid risks and expect everyone else to wipe up their mess when things go down just because the mess is big enough. As if our future generations didn't already have a big enough debt to clear up already, with the war and the social security problem etc. but now we have this. On the other hand, just like a bad trend, someone has to step in and put a stop to it before it spreads through the population. With the newly added clauses, it's the next best step there is. By taking the distressed debts out of "weak" hands and into "strong" hands, they might even make money in the future when the housing prices go back up! Besides, if the likes of Paulson, Bernanke and Buffet, says this is a sound plan, who am I to gainsay the experts?
Last Sunday night, Goldman Sachs (GS) and Morgan Stanley (MS) were approved by the Fed to become bank holding firms, officially ending the era of the independent investment banking model on Wall Street. They will now be able to open their own commercial banking arms and take in deposits, which they can then use to back up their investment banking operations- as JP Morgan, Bank of America (BofA) etc already does- thus ending investor concerns about the sustainability of their business model model. They now also have permanent access to borrow federal money (instead of within the window temporarily opened for them) and can become a FDIC insured bank, which insures indivisuals up to $100,000 of bank deposits. The following day, MS announced that they were getting as much as $8.5 billion of cash injection from Japan's Mitsubishi UFJ Financial Group (MUFG) in exchange for up to 20% equity stake in MS, further fortifying their position. I guess the deal with China fell through (or were the Chinese getting too greedy and the US govt didn't like that?). This is probably a better move anyway, since MUFG is the world's No. 2 bank by deposits, so surely it will help MS's transition into commercial banking go more smoothly. MS apparently already has about $36 billion in bank deposits from their private wealth management (PWM) business and are looking to expand into Asia. Or so, that's what CNBC said, but I didn't know PWM deposits count as bank deposits, but if they do, I guess this means that MS are looking to expand their PWM business in Asia. Or perhaps this $36 billion comes from their Utah-base industrial bank, which will be converting into a national banking association, names the Morgan Stanley Bank, National Association? Goldman Sachs' approach is must easier to understand (or so I think). They currently already have two deposit taking subsidiaries, with about $20 billion in deposits, and plan to create a new one called GS Bank USA, that will have more than $150 billion of assets.
This conversion is not all good and dandy though. Becoming a bank holding also puts both banks under more intense scrutiny and regulations from the Fed, which will probably limit their proprietary trading capacities (the division where they trade company assets like a hedge fund, taking on great risks), which happens to be one of their most lucrative divisions. I don't know about MS but personally I'm feeling quite optimistic about GS. On Tuesday, Warren Buffet invested $5 billion in GS preferred stocks and will also recieved warrants to purchase another $5 billion in common stock within the next 5 years- effectively give him about a 10% stake in GS. They also raised another $5 billion from a public stock offering, all within a few days. This and Buffet's approval, which in the investment world is the equivalent of getting Anna Wintour's approval in the fashion world, make me quite optimistic. Besides, I have always had great confidence in the power of brand image, Buffet just likes to call it "franchise."
On Thursday, Washington Mutual (WaMu), was seized by the FDIC, making it the biggest banking failure ever. Within 9 days, customers withdrew about $16.7 million in deposits from WaMu, literally breaking the bank. JP Morgan picked up WaMu's banking assets for only $1.9 billion. JP has had its eye on WaMu's operations in CA and FL for a while, and had offered for them in March, but was rejected in favor of a capital injection from TPG private equity (whoops!). It seems like JP got yet another bargain. JP is not the only one who got a sweet deal in all this however. It appears that Mr. Alan Fishman, WaMu's CEO for only 2 weeks, is eligible for $11.6 million in cash severance AND get's to keep his $7.5 million signing bonus. Not bad for two weeks worth of work.
It seems that the financial tsunami is expanding abroad too. Fortis, the largest Belgian financial-services firm, just received an $11.2 billion euro bailout from Belgium, the Netherlands and Luxembourg in exchange for 49% stakes in the Fortis in their respective countries. It's almost like the European version of AIG.
The next bank on the chopping block is Wachovia- funny since a week ago they were in talks to merge with MS. Citigroup and Wells Fargo are currently in a bidding war over a possible emergency takeover of Wachovia, since it's stocks dropped dramatically on Friday.
While all this was going on, politicians were hard at "work" trying to get the $700 billion bailout bill to pass Congress. I'm not that into politics, but even I tuned in Wednesday morning to hear Paulson and Bernanke defend their case to the people at Congress. I'm not sure how politics usually go, but to my untrained ears, it sounded like a verbal merry-go-around, placing blames and trying to trick each other into saying something wrong. A members ask a simple yes/no question, Paulson/Bernanke would answer in a very roundabout way which prompts the member to ask, "so was that a yes or a no?" to which they'd repeat what they'd just said again. This would go on until the time is up or someone finally gives up from the frustration of it all. No wonder it takes them months to get a bill to past. I'd imagined it to be more diplomatic and sophisticated. Anyway, I think the gist was that people didn't think taxpayers should have to bailout Wall Street (and individual homeowners) for taking too on stupid risks. But they had to do something. So they moved onto putting clauses on the plan, for oversight to monitor the use of the money, a cap on CEO pays and for warrants in companies who will be using this plan, so taxpayers would at least get something back for the $700 billion they spent. There was a gliche, when a bunch of Republicans rejected the plan and proposed some other plan to privately insure mortgage backed securities (there was shouting involved!), but it sounds like they're back on track now and a bill will be voted on Monday.
Personally I don't know what to think about this bill. On one hand, I don't think tax payers should have to bail out people who took on unnecessary stupid risks and expect everyone else to wipe up their mess when things go down just because the mess is big enough. As if our future generations didn't already have a big enough debt to clear up already, with the war and the social security problem etc. but now we have this. On the other hand, just like a bad trend, someone has to step in and put a stop to it before it spreads through the population. With the newly added clauses, it's the next best step there is. By taking the distressed debts out of "weak" hands and into "strong" hands, they might even make money in the future when the housing prices go back up! Besides, if the likes of Paulson, Bernanke and Buffet, says this is a sound plan, who am I to gainsay the experts?
Wednesday, September 24, 2008
Claudine Pumps by Coach
My first reaction upon seeing this season's peep-toe winter booties was EW. That is just unnatural, completely against the laws and purpose of boots! Your toes will definitely freeze off if you wear this in winter! And so when I first saw these Coach Claudine pumps, I immediately put a no to it. Why would they ruin a perfectly nice pair of pumps and put a random peep-toe on it? I wasn't even swayed when I saw my favourite Gossip Girl, B, wearing them on the set. To be honest, this is not one of her best outfits. To begin with it doesn't look very flattering on her. Her waist looks big (even though it's belted) and the length of her skirt makes her look short (or is it this picture?). Her top looks summery while her scarf and skirt looks wintery. The shoes is just the child of both these looks.
But then I stared at the picture of these pumps some more and it really started to grow on me. The masculine Oxford style is made softened by the satin bow and the slim and elegant shape of the heel. The mini platform in the front makes these four inch pumps more comfortable and wearable (or so I hope!). The combination of suede, satin and patent leather is very clever. The patent is even neatly placed to wrap around the suede parts to protect it from dirt! The whole package is just very nice!
As for the peep toe, I guess in the world of fashion, there is no such thing as being weather appropriate. I can always wear colored stockings inside for warmth and some interesting color. And if you try to imagine these pumps without the peep toes, you must admit, it IS missing out something. Besides, it looks like peep-toe oxford booties are here to stay, judging from the S/S 09 Burberry Prorsum runway.
When it comes down to it, these are definitely trend shoes and not "investment" shoes. Personally, even though I'm coming around to it, I'm still not sure if they're not too weird for wear. What do you think? Is this an embraceable trend or should we shun it aside and hope it goes away?
Image Source: Coach.com
But then I stared at the picture of these pumps some more and it really started to grow on me. The masculine Oxford style is made softened by the satin bow and the slim and elegant shape of the heel. The mini platform in the front makes these four inch pumps more comfortable and wearable (or so I hope!). The combination of suede, satin and patent leather is very clever. The patent is even neatly placed to wrap around the suede parts to protect it from dirt! The whole package is just very nice!
As for the peep toe, I guess in the world of fashion, there is no such thing as being weather appropriate. I can always wear colored stockings inside for warmth and some interesting color. And if you try to imagine these pumps without the peep toes, you must admit, it IS missing out something. Besides, it looks like peep-toe oxford booties are here to stay, judging from the S/S 09 Burberry Prorsum runway.
When it comes down to it, these are definitely trend shoes and not "investment" shoes. Personally, even though I'm coming around to it, I'm still not sure if they're not too weird for wear. What do you think? Is this an embraceable trend or should we shun it aside and hope it goes away?
Image Source: Coach.com
Monday, September 22, 2008
Milan S/S 09: Burberry Prorsum
I love Christopher Bailey. He revamped the Burberry checks and made them cool again and he's just looks like such a cutie! But even that didn't stop me from being disappointed in his latest collection. It was a depressing show.
The models with their long trench coats and floppy hats almost look like those creepy nudists on the streets. The dreary colors didn't help (I thought it was supposed to be a spring/summer collection?). I could see some bits and pieces of the effortlessly chic look here and there, with the long cardigans and skinny pants (left), but the rest kind of just blended together into a muddy haze. The designs were not bad, but it was just not very interesting or inspiring. It was like there were 52 versions of the same look. Oh wait, that's not quite true. One model stuck out in particular- in addition to being drenched upon, she looked like she took an extra role in the mud.... and accidentally got dead leaves and branches stuck on her coat (right).
Oh and check out the shoes. It appears that not only do we now have peep-toe oxford shoes, but we will have peep-toe-sling-back oxford shoes very soon too! More on how I feel about these later.......As for the color of these shoes, it is absolutely ugh, but I suppose then you wouldn't have to worry about getting it dirty from rolling in the mud!
Image Source: Style.com
The models with their long trench coats and floppy hats almost look like those creepy nudists on the streets. The dreary colors didn't help (I thought it was supposed to be a spring/summer collection?). I could see some bits and pieces of the effortlessly chic look here and there, with the long cardigans and skinny pants (left), but the rest kind of just blended together into a muddy haze. The designs were not bad, but it was just not very interesting or inspiring. It was like there were 52 versions of the same look. Oh wait, that's not quite true. One model stuck out in particular- in addition to being drenched upon, she looked like she took an extra role in the mud.... and accidentally got dead leaves and branches stuck on her coat (right).
Oh and check out the shoes. It appears that not only do we now have peep-toe oxford shoes, but we will have peep-toe-sling-back oxford shoes very soon too! More on how I feel about these later.......As for the color of these shoes, it is absolutely ugh, but I suppose then you wouldn't have to worry about getting it dirty from rolling in the mud!
Image Source: Style.com
Emmy Awards 2008
OK, honestly I wasn't interested in the Emmy's this year (because there is simply so many more interesting news right now, like the financial news and the China milk scandal.) But the one thing that I did want to know about the Emmy's was that Tina Fey, Alec Baldman and 30 Rock won four 'big' awards -so yay for them!
Sunday, September 21, 2008
Ctrl BG: A Shortcut to Financial News 9/22
It’s not about fashion, but the state of the economy is still something that concerns everyone and I just thought it would be interesting to have something a little bit different on this blog once in a while. I’m sure I’m not qualified to comment since I probably don’t have nor understand all the facts of the situation, but it never hurts to share some thoughts right? So here are some thoughts on the last tumultuous week.
Personally I was shocked by the events of last Sunday. I knew that Lehman Brothers was in troubled waters, but I thought it was only going to be bought out like Bear Stearns was, by Bank of America or Barclays. Never in a million years did I think that it would go bankrupt (perhaps a strategy by Barclays so then they can buy the Lehman assets they want on the cheap, as they are doing now?). Instead of bailing Lehman out, BofA bought Merrill Lynch instead that night. At that point, I was vaguely aware that ML was not doing so well, but I didn’t know it had reached this stage yet. Apparently a sudden “evaporation of liquidity” (whatever that means), does that to banks. Who knew BofA was so strong? As I recall, they were the first to be hit by the Credit Crunch last year, with their takeover of Countrywide (another Fannie/Freddie-esque home loan bank) and huge write downs and lay-offs. As it turns out, Countrywide might be a good buy after all now that the competition has been weeded out somewhat and BofA is as strong as ever with the financial backing of their commercial banking side. With ML joining their team, their investment banking side is also going to strengthen up- by a lot. All in all, it was quite a traumatizing Sunday. It was like saying that Gucci went bankrupt and Prada got bought out and merged with Coach- all in one day.
Everything went down like dominos after that. The stock markets worldwide went down. AIG and Washington Mutual struggled to stay afloat. It was a good thing that the government stepped in with an 85 billion dollar loan in exchange for 79.9% of AIG, when they did (after Goldman Sachs and JP Morgan balked at the idea). With their wide range of businesses (mutual funds, insurances etc) worldwide, it would’ve been devastating. It would be as if LVMH declared they were in trouble! I’m not sure how I feel about the government using tax payer’s money to save a private institution, but I guess somehow had to do it. Can’t let LVMH fall! As for Washington Mutual (a.k.a. WaMu), I don’t feel too much for them, since they’re not exactly a household name (for me anyway, a bit like not everyone knows who Bottega Veneta is), but they’re currently trying to auction off some parts of itself.
The two remaining independent investment banks, Morgan Stanley and Goldman Sachs, were also under attack against their business model this week, even though both posted higher than expected earnings (yes, I mean profits!). It appears that many people now believe that an investment bank cannot survive without a steady cash flow from a commercial banking arm. Throughout the week, both banks said that they were committed to remaining independent, repeating that it is not the business model but the execution that counts. However, Morgan Stanley has been under pressure the most. It is as if because people believe it will fall, they are making it fall by shorting their stock, pushing down their stock prices (and thus the SEC ban on the short selling of selected stocks for two weeks). They are currently in talks with the Chinese government for a large capital infusion (they are going to need a BIG one) and with Wachovia to merge. I think a merger between these two would more aptly epitomize, “Target acquiring Neiman Marcus,” as Leveraged Sellout had used for the BofA and ML merger.
On the other hand, I am a sucker for brand image and I cannot begin to fathom the possibility of GS giving into market pressure and merging with a commercial bank. It’s not as if they are doing very badly. They’ve consistently reported profits throughout the economic turmoil so far- even if it IS less so then years before. At least it’s not a loss! I’m sure that there may be write downs cleverly hidden in their balance sheet (for both banks!), but it cannot be nearly as bad as Lehman and ML right? Yes, I do realize I am beginning to sound a bit naive, but it would be like Hermes giving into market pressure and start mass producing Birkin bags with machines! Besides, shouldn’t it be innocent until proven guilty?
Towards the end of the week, the SEC finally stepped in to temporarily ban the short selling of selected stocks for two weeks (to stop the prices from tumbling down) and the government came up with a plan to deal with this whole toxic debt problem. I’m not sure exactly how this plan is supposed to work but it sounds like they’re going to use $700 billion to buy back all the toxic debts and give financial institutions a fresh start. Sounds like a good idea, they can't bail companies out one at a time as they fall after all, better to target the root of the problem. Not that I know where the government is getting that kind of money from (aren’t they already in debt from the war?) and what they’re going to DO with those bad debt once they buy it. Surely they cannot just dissolve it and let everyone who did not meet their mortgage payments off the hook? Why were people lending money to people who clearly cannot repay the loan to begin with?
Ok, now I’m heading into territory where I really do not have a good grasp on. So I’m going to shut up now and go back to admiring the runways of Milan fashion week. Just thought I’d give financial journalism/blogging a hand.
****
Scratch that. It seems that Target is not acquiring Neiman Marcus anymore but Hermes is going to start mass producing Birkin bags- in their own way. MS and GS both just got approval from the Fed to switch from being an investment bank to a bank-holding firm i.e. they are now allowed to open up their own commercial banks and take in deposits. MS will probably not need the Chinese capital infusion anymore either. There are now officially no more major independent investment banks in the US. What is it with Sundays and groundbreaking news?
Personally I was shocked by the events of last Sunday. I knew that Lehman Brothers was in troubled waters, but I thought it was only going to be bought out like Bear Stearns was, by Bank of America or Barclays. Never in a million years did I think that it would go bankrupt (perhaps a strategy by Barclays so then they can buy the Lehman assets they want on the cheap, as they are doing now?). Instead of bailing Lehman out, BofA bought Merrill Lynch instead that night. At that point, I was vaguely aware that ML was not doing so well, but I didn’t know it had reached this stage yet. Apparently a sudden “evaporation of liquidity” (whatever that means), does that to banks. Who knew BofA was so strong? As I recall, they were the first to be hit by the Credit Crunch last year, with their takeover of Countrywide (another Fannie/Freddie-esque home loan bank) and huge write downs and lay-offs. As it turns out, Countrywide might be a good buy after all now that the competition has been weeded out somewhat and BofA is as strong as ever with the financial backing of their commercial banking side. With ML joining their team, their investment banking side is also going to strengthen up- by a lot. All in all, it was quite a traumatizing Sunday. It was like saying that Gucci went bankrupt and Prada got bought out and merged with Coach- all in one day.
Everything went down like dominos after that. The stock markets worldwide went down. AIG and Washington Mutual struggled to stay afloat. It was a good thing that the government stepped in with an 85 billion dollar loan in exchange for 79.9% of AIG, when they did (after Goldman Sachs and JP Morgan balked at the idea). With their wide range of businesses (mutual funds, insurances etc) worldwide, it would’ve been devastating. It would be as if LVMH declared they were in trouble! I’m not sure how I feel about the government using tax payer’s money to save a private institution, but I guess somehow had to do it. Can’t let LVMH fall! As for Washington Mutual (a.k.a. WaMu), I don’t feel too much for them, since they’re not exactly a household name (for me anyway, a bit like not everyone knows who Bottega Veneta is), but they’re currently trying to auction off some parts of itself.
The two remaining independent investment banks, Morgan Stanley and Goldman Sachs, were also under attack against their business model this week, even though both posted higher than expected earnings (yes, I mean profits!). It appears that many people now believe that an investment bank cannot survive without a steady cash flow from a commercial banking arm. Throughout the week, both banks said that they were committed to remaining independent, repeating that it is not the business model but the execution that counts. However, Morgan Stanley has been under pressure the most. It is as if because people believe it will fall, they are making it fall by shorting their stock, pushing down their stock prices (and thus the SEC ban on the short selling of selected stocks for two weeks). They are currently in talks with the Chinese government for a large capital infusion (they are going to need a BIG one) and with Wachovia to merge. I think a merger between these two would more aptly epitomize, “Target acquiring Neiman Marcus,” as Leveraged Sellout had used for the BofA and ML merger.
On the other hand, I am a sucker for brand image and I cannot begin to fathom the possibility of GS giving into market pressure and merging with a commercial bank. It’s not as if they are doing very badly. They’ve consistently reported profits throughout the economic turmoil so far- even if it IS less so then years before. At least it’s not a loss! I’m sure that there may be write downs cleverly hidden in their balance sheet (for both banks!), but it cannot be nearly as bad as Lehman and ML right? Yes, I do realize I am beginning to sound a bit naive, but it would be like Hermes giving into market pressure and start mass producing Birkin bags with machines! Besides, shouldn’t it be innocent until proven guilty?
Towards the end of the week, the SEC finally stepped in to temporarily ban the short selling of selected stocks for two weeks (to stop the prices from tumbling down) and the government came up with a plan to deal with this whole toxic debt problem. I’m not sure exactly how this plan is supposed to work but it sounds like they’re going to use $700 billion to buy back all the toxic debts and give financial institutions a fresh start. Sounds like a good idea, they can't bail companies out one at a time as they fall after all, better to target the root of the problem. Not that I know where the government is getting that kind of money from (aren’t they already in debt from the war?) and what they’re going to DO with those bad debt once they buy it. Surely they cannot just dissolve it and let everyone who did not meet their mortgage payments off the hook? Why were people lending money to people who clearly cannot repay the loan to begin with?
Ok, now I’m heading into territory where I really do not have a good grasp on. So I’m going to shut up now and go back to admiring the runways of Milan fashion week. Just thought I’d give financial journalism/blogging a hand.
****
Scratch that. It seems that Target is not acquiring Neiman Marcus anymore but Hermes is going to start mass producing Birkin bags- in their own way. MS and GS both just got approval from the Fed to switch from being an investment bank to a bank-holding firm i.e. they are now allowed to open up their own commercial banks and take in deposits. MS will probably not need the Chinese capital infusion anymore either. There are now officially no more major independent investment banks in the US. What is it with Sundays and groundbreaking news?
Friday, September 19, 2008
Top Shop A/W08 Lookbook
Top Shop's A/W08 Lookbook is out! While you may not be able to actually shop at Top Shop, you should definitely check the looks out. They're really great streetwear inspiration (albeit a bit too well-styled). The Wonderland collection is a bit too Miu Miu SS08-esque and the Punk Couture collection looks like they just piled all the plaid clothes into a group, but the Bandstand and Boudoir collections are definitely worth looking.
My favourite is the Boudoir collection -Casual, luxurious looks in a cute way.
These two looks are equally cute in a darker, edgier way.
Image Credit: www.topshop.com
Thursday, September 18, 2008
London S/S 09: Luella
I'm the first to admit, London fashion week is too fashion forward most of the time for me to understand. Luella is the exception. Mostly because she is quirky in a preppy way, which I can appreciate. Her runway gives me ideas on how I can twist and tweak the preppy pieces I already own to become more quirky and "new". This season, she doesn't disappoint.
I absolutely detest orange. But somehow Luella makes it work by clashing it with hot pink and a vibrant blue on the runway. The outfits actually look cute and girly, instead of pumpkin-esque! Hmm...maybe I'll get something orange next season. I already have a pair of black plastic rimmed glasses!
The other innovation on the runway was the asymmetrical tiered skirt. I'm not quite sure how I feel about that yet, I've always been a fan of symmetry. But it is definitely quirky and different, it could even be cute and fun (there is an even more asymmetrical skirt than the one shown here on the runway- this is the less adventurous version). And of course, there was the usual Luella floral prints all over the runway- I love how she somehow makes it appear edgy instead of old fashioned.
Another thing I love about the Luella show is how she mix and matches prints. That soft pink floral top totally works with the bold pink stripe pants! And that lavender floral dress is just adorable. In fact, the poofy skirt and the tulles even gives it a prom-like quality (not that you would not look completely darling and perfect wearing this to a more sophisticated occasion!). Anyone need an updated prom dress?
Image Source: Style.com
I absolutely detest orange. But somehow Luella makes it work by clashing it with hot pink and a vibrant blue on the runway. The outfits actually look cute and girly, instead of pumpkin-esque! Hmm...maybe I'll get something orange next season. I already have a pair of black plastic rimmed glasses!
The other innovation on the runway was the asymmetrical tiered skirt. I'm not quite sure how I feel about that yet, I've always been a fan of symmetry. But it is definitely quirky and different, it could even be cute and fun (there is an even more asymmetrical skirt than the one shown here on the runway- this is the less adventurous version). And of course, there was the usual Luella floral prints all over the runway- I love how she somehow makes it appear edgy instead of old fashioned.
Another thing I love about the Luella show is how she mix and matches prints. That soft pink floral top totally works with the bold pink stripe pants! And that lavender floral dress is just adorable. In fact, the poofy skirt and the tulles even gives it a prom-like quality (not that you would not look completely darling and perfect wearing this to a more sophisticated occasion!). Anyone need an updated prom dress?
Image Source: Style.com
Monday, September 15, 2008
New York S/S09: Project Runway
Is it just me, or did Project Runway pick up a bit this season? It was kind of interesting to see what kind of crazy, wild creations this set of designers put onto the runway (consistent perfection is so *yawn*). But anyway, this post is not a review of the designs on the runway (well maybe a tiny bit), but more of a rant on the way the show is ran.
One of the main goals of this show (besides the Saturn, the money and the publicity) is getting to show at Bryant Park. How many times have we heard the designers on the show say that they WILL make it to Bryant Park? Only the top three is supposed to make it there. But because the show started late this season (for whatever reasons), SIX designers made it to Bryant Park as a decoy so the viewers won't know who made it to the final three in the show. Personally I feel like this kind of undermines the show. What is the point of elimination and survival of the fittest when 6 instead of 3 designers get to share one of the most coveted prizes? What is the point of a "limited edition" bag if everyone on the streets own one too?
Back to the show, I think it's obvious who is in the top two. Korto and Leanne have been consistently good. And they have good taste (which is a big plus, given the "taste" level of the show thus far). Personally I am vouching for Leanne. Her designs are always very simple but interesting and flattering.
My second favourite is actually Kenley. I just love the whole pin-up girl look she has going. But I must say, she's made quite a few wrong turns and it is unsure whether she'd make it to top three.
But then again, I certainly hope none of these looks make it to top three..........
Image Source: Kansas City Star
One of the main goals of this show (besides the Saturn, the money and the publicity) is getting to show at Bryant Park. How many times have we heard the designers on the show say that they WILL make it to Bryant Park? Only the top three is supposed to make it there. But because the show started late this season (for whatever reasons), SIX designers made it to Bryant Park as a decoy so the viewers won't know who made it to the final three in the show. Personally I feel like this kind of undermines the show. What is the point of elimination and survival of the fittest when 6 instead of 3 designers get to share one of the most coveted prizes? What is the point of a "limited edition" bag if everyone on the streets own one too?
Back to the show, I think it's obvious who is in the top two. Korto and Leanne have been consistently good. And they have good taste (which is a big plus, given the "taste" level of the show thus far). Personally I am vouching for Leanne. Her designs are always very simple but interesting and flattering.
My second favourite is actually Kenley. I just love the whole pin-up girl look she has going. But I must say, she's made quite a few wrong turns and it is unsure whether she'd make it to top three.
But then again, I certainly hope none of these looks make it to top three..........
Image Source: Kansas City Star
London S/S09: Top Shop Unique
I have to admit that I've never been hip enough to like or understand Top Shop Unique's collections. But this is the first time I've seen stuff on its runway that I've wanted.
I'm a fan of mini-dresses in general. These both look colourful and young -the one on the left great for a night out and the one on the right good for a fun daytime look.
I really like these two looks too. The dress on the left is classy yet still cute. And the look on the right is a bit too 80's for me, but still looks cool.
Image Credit: www.vogue.co.uk
I'm a fan of mini-dresses in general. These both look colourful and young -the one on the left great for a night out and the one on the right good for a fun daytime look.
I really like these two looks too. The dress on the left is classy yet still cute. And the look on the right is a bit too 80's for me, but still looks cool.
Image Credit: www.vogue.co.uk
Saturday, September 13, 2008
New York S/S09: Marchesa
Marchesa has always produced pretty dresses on the runway, but this collection blew me away. It is every girl's dream wardrobe! There were sweet and cute cocktail dresses that are youthful and glamorous. I love how even though the shapes are so simple, the designs are so unique- in a good way. The silhouette is familiar, but I've definitely not seen these dresses before! There were elegant evening gowns, complimented by heavy oriental embroideries. I've never liked the whole fringe thing, because I think it looks creepy- like Cousin "It." But this black dress is definitely an exception to the rule. It looks more like a black waterfall flowing down her legs.
Then there were exquisitely beautiful pieces that just makes you want to stop and stare. And admire. They are more like pieces of art than ready-to-wear, further perpetuated by their method of presentation- with the models standing atop white cubes like sculptures (must be tiring for the models!). Indeed, I believe that most of these pieces are one of a kind. I wonder what they'd sell in their store then...
This dress is my absolute favourite. I love the barely there lilac shade. I love the orchids strewn artistically down the dress (it is apparently made of feathers!). I love the artistic folds of the top, contrasted with the frothing lilac waterfall that is the bottom. Everything. I can just stare at it all day!
And this comes in a close second. The sharp contrasting black and white color with the soft layers of the skirt creates the perfect balance that is absolutely striking!
The SS09 collection was definitely a feast for the eye!
Image Source: Style.com
Then there were exquisitely beautiful pieces that just makes you want to stop and stare. And admire. They are more like pieces of art than ready-to-wear, further perpetuated by their method of presentation- with the models standing atop white cubes like sculptures (must be tiring for the models!). Indeed, I believe that most of these pieces are one of a kind. I wonder what they'd sell in their store then...
This dress is my absolute favourite. I love the barely there lilac shade. I love the orchids strewn artistically down the dress (it is apparently made of feathers!). I love the artistic folds of the top, contrasted with the frothing lilac waterfall that is the bottom. Everything. I can just stare at it all day!
And this comes in a close second. The sharp contrasting black and white color with the soft layers of the skirt creates the perfect balance that is absolutely striking!
The SS09 collection was definitely a feast for the eye!
Image Source: Style.com
New York S/S09: Marc by Marc Jacobs
Yay! The Marc by Marc Jacobs S/S09 collection is bright in a tasteful and fun way -just like it was a few collections back. After a few seasons of dark and murky colours, it's good to see lighter colours. It's just so much easier to buy the light-coloured pieces when they hit stores.
Marc's signature cute, girly dresses! Loves them! Look at the layers -this collection's dresses seem to have another layer under the skirt. And I'm so glad the dresses aren't long because maybe I've been corupted by The Hills, but shorter (-not indecently short of course,) dresses seem so much easier to wear and buy now!
Simple layering. The styling is great as usual. There are so many young, stylish pieces in these outfits. Don't they make you just wish it would be spring again?
Image Credit: www.style.com
Marc's signature cute, girly dresses! Loves them! Look at the layers -this collection's dresses seem to have another layer under the skirt. And I'm so glad the dresses aren't long because maybe I've been corupted by The Hills, but shorter (-not indecently short of course,) dresses seem so much easier to wear and buy now!
Simple layering. The styling is great as usual. There are so many young, stylish pieces in these outfits. Don't they make you just wish it would be spring again?
Image Credit: www.style.com
Wednesday, September 10, 2008
NY Fashion Week SS09 Wrap Up II
Proenza Schouler
The designers of all those super pretty and cute dresses last season (and that of the model silhouette of this blog's FW08 banner!) did a 180 this season and went hardcore on us, and maybe a little bit punk.
The one thing that stood out from this collection though was the silhouette. It is definitely unique and edgy. It is not an immediately ew. But it sort of looks like the models are pinned onto a wall with by their sleeves. Or like those flying chipmunks (or whatever they are) we see in cartoons. The model in the cream suit jacket looks like her left arm is disjointed. I highly doubt this unique silhouette will be as well received as the pretty dresses last season (or I hope not!).
Cynthia Steffe
The Cynthia Steffe collection on the other hand is very wearable and pretty (as usual). I've always had a liking for them ever since I picked up something from this brand during Thanksgiving sale at Neiman Marcus.
Two things I love about this collection. First, it is very put together and neat, like this very chic dress here (left). This black/white circular print is is interesting and very versatile (it was used very prominently on the runway). Second, I love how wearable every piece is. Not only is this all white outfit (right) gorgeous in it's own right, but individually these pieces are incredibly versatile. Besides the neat and the structured, they also offered the flowy and the floral. Ok, I probably wouldn't pair the blue floral outfit (right) as it is, but I'd definitely wear those two pieces seperately. And I'm simply LOVING those genie capris!
Image Source: Style.com
The designers of all those super pretty and cute dresses last season (and that of the model silhouette of this blog's FW08 banner!) did a 180 this season and went hardcore on us, and maybe a little bit punk.
The one thing that stood out from this collection though was the silhouette. It is definitely unique and edgy. It is not an immediately ew. But it sort of looks like the models are pinned onto a wall with by their sleeves. Or like those flying chipmunks (or whatever they are) we see in cartoons. The model in the cream suit jacket looks like her left arm is disjointed. I highly doubt this unique silhouette will be as well received as the pretty dresses last season (or I hope not!).
Cynthia Steffe
The Cynthia Steffe collection on the other hand is very wearable and pretty (as usual). I've always had a liking for them ever since I picked up something from this brand during Thanksgiving sale at Neiman Marcus.
Two things I love about this collection. First, it is very put together and neat, like this very chic dress here (left). This black/white circular print is is interesting and very versatile (it was used very prominently on the runway). Second, I love how wearable every piece is. Not only is this all white outfit (right) gorgeous in it's own right, but individually these pieces are incredibly versatile. Besides the neat and the structured, they also offered the flowy and the floral. Ok, I probably wouldn't pair the blue floral outfit (right) as it is, but I'd definitely wear those two pieces seperately. And I'm simply LOVING those genie capris!
Jill Stuart
The Jill Stuart collection is not exactly the most original or fashion forward show on the runway this season. Admittedly certain looks even reminds one of the Marc by Marc Jacobs runway a few years back (remember the long sleeved ribbed thermals layered with a very colorful array of other ballerina-esque items?). But this collection has its charm.Mostly because I am a sucker for flowy, flirty, girly ballerina-esque looks, which this collection is the epitome of. That simple white dress is gorgeous. And I love those genie pants. They are like the pant version of a pretty flowy skirt. Image Source: Style.com
Black Supermodels Blabble
If you're a fan of Facebook you'll probably like this new Facebook application called Blabble. Loads of fun for you and your friends.
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