Is LA a City of Style?

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We know LA has a garment industry, but does it have a fashion industry? Does the city of beautiful people create clothing to match? Can it compete with New York? Who are the arbiters of style and how big an influence is Hollywood? Frances Anderton looks at the city's hot designers and the Hollywood's influence on the "LA look." She also has more on last month's surprise destruction of the Maslon House. The demolition of the Rancho Mirage landmark residence designed by modernist architect Richard Neutra has raised questions about the preservation of mid-century modern buildings.