Oscars stars undeterred by credit crunch
Attendees and organisers at last night's Oscars extravaganza showed no signs of having relegated their credit cards to the top draw.
Attendees and organisers at last night's Oscars extravaganza showed no signs of having relegated their credit cards to the top draw.
Despite global recession fears, glitz and glamour hadn't been turned off at Hollywood's Kodak Theatre as the red carpet sizzled with designer dresses and jewels.
Austrian-born celebrity chef Wolfgang Puck, who produced 3,000 smoked salmon Oscars for an after-show party, told the Guardian that opulence was doubly important this year.
He said: "We have to do it better than ever because the economic climate is so bad. We have to spend money. If not, President Obama's stimulus plan will not work."
One guest who did tone down her attire in response to the credit crunch was BBC presenter Susanna Reid, who sported a £50 Oxfam gown.
Meanwhile, Oscars advertisers enjoyed reduced rates for the recession with the ABC network dropping the price for 30-second commercials during the awards.
Written by David Jones ©
