COPYRIGHT FOLLIES….First hedge funds, now the garment district:

At a news conference yesterday at the Fashion Institute of Technology, Senator Charles E. Schumer, Democrat of New York, talked about a bill proposing to extend copyright protection to fashion….”Designers spend countless hours doing and redoing, testing, creating, thinking, and then some counterfeiter comes along and just takes it away,” said Mr. Schumer. “It’s stealing, plain and simple.”

As much as my heart bleeds for Kate Spade, do we really want to do this? I mean, can you imagine a 70-year copyright on the little black dress? Or the specific shape of a Gucci bag? The mind reels.