The Michael Awards—the big black-tie fashion-industry smoochfest that gives out awards and raises money for the National Children's Leukemia Foundation—won’t be held until May 7th, but at this early date! The Transom can now exclusively reveal 2007’s model of the year: Lydia Hearst.

“It’s basically the Oscars of fashion,” she said, while picking away at a lobster roll yesterday at a café in the Time Warner Center.

Okay so, had she prepared her speech?  read more »