Depending on your perspective, it's either a reassuring indication that the global recession can't be as bad as all that, or the kind of tasteless display of decadence that no longer has any place in the new economy: Couture fashion week in Paris is currently underway with shows as lavish as ever, even though you'd think that dresses costing a quarter of a million dollars might have a slightly shrinking client base. Dior designer John Galliano, who put on a show yesterday that cost around $3 million, points out that his job "is to make women dream. Of course I'm aware of the credit crunch, but it is not a creative crunch—not at the house of Dior, anyway."