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Your morning fashion and beauty report: Nancy Pelosi named most fashionable female politician. American Apparel's future looks dim. Liz Claiborne cedes control

August 17, 2010 |  8:57 am

A poll commissioned by the Huffington Post says that House Speaker Nancy Pelosi (D-San Francisco) is the most stylish of female politicians. [StyleList]

Liz Claiborne, once the top vendor at American department stores, has ceded control in its new deal with JCPenney, which is becoming the exclusive distributor, marketer and manufacturer of the line's clothing, home goods and accessories. [Wall Street Journal]

With the U.S. unemployment rate near 10%, American's are bragging about a new frugality. [WWD]

Even celebs recognize the trend, as inexpensive dresses are turning up unexpectedly. For instance, Natalie Portman wore a Rodarte for Target frock (sales price: $39.99) to a recent New York party; Dree Hemingway wore an American Apparel outfit to a film screening; and Elizabeth Moss was clad in Top Shop at a "Mad Men" event. [WWD]

But while we may be cutting back on purchases for ourselves, children's clothing sales are up 5.3% year-to-date, and some of it is clearly us (the moms) fantasizing about what we want to buy for ourselves. I mean, really, skinny jeans for toddlers? [Wall Street Journal]

Donna Karan and YSL are opening at The Crystals at CityCenter, the Las Vegas luxury shopping emporium that opened last year. [WWD] (subscription required)

American Apparel's future is in doubt, the company says, as its financial pressures continue to mount. [WWD] (subscription required)

Celebrity line of the day: Adam Levine, frontman for Maroon 5, is launching a clothing line, 222. [WWD] (subscription required)

Urban Outfitters' early fall offerings are all about the '90s, with pegged pant legs, bohemian floral dresses, knee-high boots and chunky cardigans. [FabSugar]

A labor dispute could cause Lincoln Center workers to picket upcoming New York Fashion Week. [The Cut]

-- Susan Denley

Photo: The fashionable Nancy Pelosi with fellow House Democrats.  Credit: Chip Somodevilla / Getty Images