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Add to myYahoo!3 Ways to Wear Spring’s Sporty Trend FabSugar Silk Elysian Dress Omiru Trend: Over-sized Wallets Couture in the City Neon Nail Polish Refinery29 WWW Spring Essential Picks WhoWhatWear Into the Blue (Lashes) Vitamin Daily
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Add to myYahoo!Betsey Johnson has filed Chapter 11 bankruptcy -- again. The last time she was bailed out by Steve Madden. But the hoped for turnaround did not happen and sales have not been robust.
The Wall Street Journal reports that the company will close most of its 63 stores close. Steven Madden Ltd. still owns the Betsey Johnson license and will probably keep four or five flagship stores open in New York City and perhaps a few more in other big cities.
The company had hoped to find a buyer or big investor in January, but a major buyer backed out of the deal at the last minute causing a cash crisis. A company could buy Betsey Johnson's company out of bankruptcy and keep it going or simply liquidate the stores.
So what happened? Reports say that the line is sold in luxury areas, but it skews young. With the recession, girls can't buy $450 prom dresses and that has really hit the business hard. The popular costume jewelry and accessories lines will still be sold at stores like Nordstrom and Betsey herself is reportedly going to work with Steve Madden.
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Add to myYahoo!Terrence McNally’s “Corpus Christi,” often dubbed the gay Jesus play, has been sparking controversy since it debuted in New York 14 years ago. Now a new documentary about a touring...
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U.S. Transportation Secretary Ray LaHood has had it with distracted drivers causing accidents because they are talking on a cellphone or texting. He is calling for a nationwide ban on use of cell phones for talking or texting while driving. Reuters reports that Secretary LaHood wants a very strict law that bans talking on a cellphone or texting while driving any type of vehicle on any road in the country.
LaHood says there is a national epidemic of accidents due to people texting and talking while driving. His comments were made at a distracted-driving summit in San Antonio, Texas. The call for a federal law was a bit surprising. Most traffic laws are state laws. There is no federal DUI law, for example.
LaHood quoted statistics by the National Highway Traffic Safety Administration that says that 3,000 fatal traffic accidents last year were the result of drivers using cell phones to talk or text. Using a phone while driving slows a driver's reaction time the same amount as if the driver had a blood alcohol level of .08. That's enough for a DUI in most states.
Not every one is a fan. The National Motorists Association insists that a federal law is not needed, because distracted driving is already covered under state laws. The president, Gary Biller, says the government should do public service announcements and educate the public about the dangers of texting and driving.
Photo: Official White House Photo by Lawrence Jackson
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