Close on the heels of NYC Fashion Week, a Little Birdy tells us that "1Oak is taking over Sens for Paris Fashion Week and The Eldridge is taking over VIP Room for Paris Fashion week." The bad news is that the moves are not permanent. Sigh.

Good news for our European friends who enjoy dabbling in le schneef. A new UN report says the "price of cocaine in Europe is set to fall even further as smugglers use new routes through West Africa and the Balkans." South American cartels have discovered new shipping routes through West African countries, and are amassing stockpiles of powder for shipment into Europe. Your house may be worth less than your mortgage, you may have been laid off, and your woman may have left you for a guy with a job, but at least you can save money on your next ball. Things may just be looking up after all. [BBC News]