Brrrr… it’s cold in NYC today. I have to throw out a little pity for those Miami Art Basel revelers coming back to such bone-crackling weather. That and their massive hangover. Get back into the grind of things with Monday’s fashion news roll call.

With financial news absolutely depressing, why not throw in a bit of escapism with balloon dogs? Yes, it’s the Wall Street Journal’s first fashion layout and the theme is Inaugural Ball meets Bostonian military hunting party plus bubbles. Only a bit confusing.–WSJ

Attention all downtown fashion aficionados, streetwear brand PegLeg NYC and Opening Ceremony are teaming up for a collection this coming Spring that takes OC one step closer to Colette-greatness. –BPMW

PegLeg NYC Fall 08

Looks like Nicole Richie has been officially downgraded. Now instead of DUIs, she’s flying off to Moscow to fete Kira Plastinina’s new shop-in-shop at TsUM department store. You’ve heard of Kira Plastinina right? Well, if you haven’t its that extremely pink store on Broadway in Soho that’s always empty.– WWD

Photo from WWD.com

In case you missed it, this past weekend was a Naomi Campbell retrospective at Miami Art Basel. What Naomi and Art Basel have to do with anything is anyone’s guess, but she does bring her crazy dose of supermodel glam.– IMG

Naomi Campbell retropective Art Basel Miami 2008

Earnest Sewn has teamed up with Milk Studios to design Milk Digital, the latter’s full-service digital production house. When we say full-service, that includes a full bar in celebration of Milk Studios’ tenth anniversary. Rather than go the futuristic route, Earnest Sewn’s Scott Morrison is intent on hiding the technology via early 20th century furniture and Northeast library pieces. –Fashion News Daily

Earnest Sewn