With the recession-depression hitting the world in the wallet, few industries have been unscathed. One hit particularly hard has been the fashion industry, both in the United States and abroad. But seemingly heaven-sent with chiseled arms on display and a svelte figure born for nice dresses, First Lady Michelle Obama has emerged (fashionably late) single-handedly picked up the fashion mantle for the U.S.: Anything she touches (or wears) turns to retail gold. Now the industry is falling over backward to be Michelle-related any way it can. Time Magazine has an interesting article on the phenomenom.
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