First Lady Michelle Obama donned a shimmering yellow wool sheath dress and matching coat by Cuban American designer Isabel Toledo to the inauguration of her husband Barack Obama.

Michelle discovered the work of 47 year-old Toledo through Ikram Goldman, a Chicago-based boutique shop that carries her other favored designers -Thakoon and Narciso Rodriguez.

Toledo says Michelle chose the lemongrass-colored dress for the optimism it represents.

Topping off her outfit, Michelle sported a pair of green leather gloves from J.Crew and green Jimmy Choo kitten heel pumps.

Daughters Malia and Sasha also wore pieces from J.Crew’s children’s line Crewcuts. Ten year-old Malia wore a double-breasted periwinkle-blue coat with a blue-ribbon bow at the waist and her sister Sashs,7, wore a pink coat with orange scarf and matching satin belt.

The evening’s inaugural balls saw Michelle in a white one-shoulder floor length gown by 26 year-old Taiwanese-born designer Jason Wu. A young designer who has only been showing collections since 2006, Wu found out his dress had been selected like everyone else did when the First-Lady walked out in it.

President Obama showed off his wife to a cheering crowd saying, “First of all, how good-looking is my wife?”

The First Couple danced to the song “At Last,” a 1940s song made famous by blues singer Etta James.

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Model Chanel Iman, who was 17 during the election season, appears in a testimonial for the New York Post, where she exhibits her pride for President Barack Obama.

“Unfortunately this year I couldn’t vote because I wasn’t 18 yet,” she says in the video. “My way of voting was wearing all the shirts!”

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Barack Obama was sworn in today as the 44th president of the United States.

In his inaugural address, the former Senator from Illinois acknowledged that the nation is in crisis, but said America remains the most powerful nation on Earth.

“Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America,” he said.

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Someone call Tyra Banks because Michelle Obama has already been declared “America’s Next Top Model” by TIME magazine!

As we wait in anticipation of the swearing in of Barack Obama as the 44th U.S. President, we also eagerly await the apearance of his wife Michelle’s inaugural outfits. When women clamored to buy the Narciso Rodriguez dress Michelle wore on election night, it became clear a fashion trend-setter was born. And when the black and white dress from White House/ Black Market sold out the very next day after Michelle appeared in it on The View in 2008, her new status was solidified.

“With Michelle, it’s about the real thing,” says Maria Pinto, a Chicago-based designer who has been dressing the First-lady elect since 2004. “Her style is thought out, but it’s not contrived or deliberate.”

“She is someone with authority and style that people can look up to,” says Thakoon Panichgul, the designer whose red floral-print dress Michelle chose to wear on the final night of the Democratic National Convention. “It’s a new way of looking at fashion. It’s about women who are real and confident.”

So what will Michelle Obama wear for the inauguration? Speculators are saying she will most likely choose an American designer, probably a Chicago-based one -perhaps Maria Pinto, and most likely a reasonably priced dress to represent the hard economic times -maybe she’ll reprise her Tonight Show outfit and choose J.Crew?

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Serving as host of NBC’s Saturday Night Live, Seven Pounds star Rosario Dawson shined in a hilarious parody of the animated flick, Aladdin.

In the skit, Dawson as Jasmine celebrates her 10-year anniversary with her love Aladdin. Singing a bitter rendition of their hit song, “A Whole New World,” Dawson sounds amazing–making Blindie recall her stint as Mimi in Rent.

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