I just found out, on the Wall Street Journal, that Monique Lhuilier and Naeem Khan have opted out of presenting runway shows for New York Fashion Week. The recession has everybody on a choke hold right now. Within the past few weeks, it has been reported that Vera Wang, Betsey Johnson, Temperley London, Carmen Marc Valvo and other designers are holding presentations in their stores , smaller venues, or are totally trying to figure out a way to revamp their presentations into something more economic for their companies. According to Fashionista.com, Men’s Vogue is folding, kind of folding, or revamping/downsizing. Last but not least is the news that Chanel, the epitome of luxury and chicness, laid off 200 workers. By the time I get my masters there won’t be any fashion jobs left.