LCF Fashion Ticker is the hottest stories from around the fashion world, and what you’re missing (so far) if your alarm resides in Pacific Standard Time:

Isaac Mizrahi to Sell Fashion Line Exclusively on LivingSocial [Mashable]

Fashion Magazines Airbrushing Models to Make Them Look…Fatter? [Fox News]

Michael Phelps to Keep His Olympic Medals & His Louis Vuitton Campaign [NY Mag]

Fashion’s Night Out – The Ultimate City Guide [FabSugar]