The End Is Nigh?

Could Rupert Murdoch have lost his touch this late in his career? Seems an unpropitious time to launch yet another "luxury" periodical. Excessively conspicuous consumption is so last year. Yet here it is: WSJ. the magazine.

Need more extremely expensive wristwatches? How about a $5,100 stainless-steel cellphone? Doesn't your favorite bitch deserve a $10,000 canine wedding dress?

WSJ. isn't all bling bling. Designer Roland Mouret usefully points out an alternative to the hemline theory for predicting the stock market's ups and downs:

[Y]ou can trace socioeconomic trends to shoe heights. Look at the sudden resurgence of flat shoes. The market is diving, so are shoe heights.

The DJIA plunged 280 points today. Beware of more women wearing flats and sandals.