"These girls who want to be called handbag designers, they're basically expressing their sense that they're not taken seriously because they're called socialites," said... David Patrick Columbia, the editor of the New York Social Diary website... "And, you know, they're not."

For Devorah Rose, editor-in-chief of Social Life magazine, being known as a socialite is a mixed blessing.

"Anyone who's not a celebrity, who's being photographed going out, becomes a socialite," Rose told Reuters. "Because it's not exclusive anymore, nobody wants to be a socialite."

Sorry, Reuters: Writing about how socialites have these basically fake businesses is not business news.

But you can maybe pass it off as that. If you don't mind feeling like one of those society gossips who puts on Wall Street airs (just read a good article about those gals).