Morning Cheat Sheet: Tretorn Collabs with The Ace, ALT Dresses Our Lesbian Prez, Michelle Obama Wears Marc Jacobs

Tretorn is teaming up with the hotel du jour, Ace, for a special footwear collab.

Vogue's Andre Leon Talleydresses our (imagined) first lesbian president: "Ankle-length skirts, grazing the Manolo Blahnik kitten heels." She would save her "butch trouser suit for weekends at Camp David and vacation hikes in Yellowstone. No plaid lumberjack shirts at any time."

New York was ranked the 22nd best city to shop in, after Houston, Baltimore and Indianapolis. It's like we're being punished for not having a Walmart.

Dakota Fanning scores a modeling contract with IMG. Whew, we were worried about that little munchkin.

While Michelle Obama may wear thrifted clothing, she's also wearingMarc Jacobs fall 2010 mainline as well. Werq.