All of the big names in American fashion submitted their sketches to WWD yesterday as they prepare their pitch to dress Michelle Obama on inauguration night. The big hitters, we think, were the designer's who understood Michelle's classic low-profile style. 

Suzy Menkes writes on the rugged knits so popular in the Fall 08 menswear shows and makes the allusion to a declining economy and the need for comfort. She writes, "...no young banker wants to wear knitwear the color of a pink "you're laid off" slip".

Hanky Panky, the everyday undergarment chic women swear by, held a sample sale yesterday. Let's just say this is the first time Hanky Panky showed a panty line. 

WWD picked up the "Anna Wintour will resign/be replaced" story and gets "unfounded" quotes at every turn. A wrap up of the rumors is pitted against the official word.