Here's what's happening around the web this morning:

Blake Lively Covers British Marie Claire
British Marie Claire has tapped a Chanel-clad Blake Lively for its October cover. Spoiler alert: She looks stunning.
[Marie Claire UK]

Financial Woes for Betsey Johnson
Just days before Fashion Week, designer Betsey Johnson has defaulted on a (gulp) $48.8 million loan. And it's... Steve Madden to the rescue?!?
[WWD]

Paris Hilton Caught in Chanel Purse Lie?
Despite telling police who arrested her for cocaine possession that her handbag had been borrowed from a friend, Paris Hilton may have Tweeted pics of the Chanel purse in question in July. But what a fabulous smoking gun it is.
[RadarOnline]

British Women's Magazine to Go Model-Free
British magazine Essentials has announced that it will only feature "real women" on its cover after 70 percent of readers said they preferred non-celebrities. Will nobody think of the poor, out-of-work models?
[Guardian]

Kim Kardashian Poses with Nude Men for Magazine Cover
Meanwhile, Prestige Magazine is featuring a busty Kim Kardashian and two naked men on its latest cover. Some girls have all the luck.
[Us Magazine]

Katy Perry Dyes Hair to Support Russell Brand's Football Team
Now that's love. Katy Perry is supporting blue and maroon highlights in honor of fiance Russell Brand's beloved West Ham football team.
[Daily Mail]

Maybelline to Launch Fit Me Makeup Line
Maybelline is set to debut the new skin-matching Fit Me makeup line. Because that tawny powder wasn't fooling anyone, ivory girl.
[WWD]