A quarter. 25%. That’s the big budget cut number supposedly hanging over the heads of editors and publishers at 4 Times Square, according to an article today in The New York Observer. That’s a mighty chunk, huge even.

“There will be significant layoffs. Significant,” said one company source in the story. Well, yeah, I’d think so. And I hate that people are going to lose their jobs, but I think that some of the bloated mastheads at magazines like, ahem Glamour, are easily the first place one looks when making cuts. This is the kind of economic climate where a 23 person fashion department really doesn’t make a whole lot of sense. According to the Observer, the entire editorial staff of Details is only 35 people.

“And she pays her bills doing print work, as a model, and, you know, she’s lucky to be able to do that—even though she fuckin’ hates the business, we both hate it. It makes the music industry and the film industry and every industry look like a walk in the park.” —Michael Pitt on fiancée Jamie Bochert in the NY Observer to which we question his Bryant Park presence.

“Stop it! Stop asking me about Hillary’s pantsuits, or any other aspect of her personal style! If you persist, I swear to God I will stuff Mrs. Clinton into a Balenciaga bubble dress with matching gladiator spike-heeled boots, and then you’ll be sorry. Every 20 minutes, I get a jangling call from an earnest hack looking for quips about the fashion choices of the presidential candidates. These content generators are hell-bent on viewing the current political jousting match through the lens of la mode: What do I think of Hillary’s pink blouses? Is Cindy McCain hitting the mark with her fashion choices? How about that tie Barack wore last night? Oy vey! Talk about looking for love in all the wrong places.” - Simon Doonan, in The New York Observer.