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...Children learn a lot just by observing their parents' behavior, so mom and dad need to set a good example, too. Carl Tancaktiong, son of the founder of Philippine fast-food empire Jollibee, admits his childhood was pretty plush. "I don't remember not getting anything I wanted," he says. Yet Tancaktiong, 28, says he has grown up to be reasonably frugal, not because his parents lectured about money, but because they had down-to-earth spending habits themselves, eschewing luxury-brand clothing and expensive cars. Tancaktiong, a general manager of one of the company's Chinese chains, says...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...major Hong Kong conglomerate; her family is rich. Lee, now 36 and the managing director of a printing company, remembers crying about the injustice of it all. But today, she recognizes that she gleaned a valuable lesson from the incident: money does not necessarily grow on family trees. "[My dad] instilled strict financial discipline on us when we were young," she says. "It taught me that it's good to plan and save, and that no one's going to come save you if you screw...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...into Harvard, my father told me I should watch out for the freshmen who want to be president. There were some in every class—fast-talking, glad-handing politicos who started campaigning for the Oval Office the minute they entered the Yard. Ignore them, my dad said. The people who will actually succeed in politics are smart enough to keep their ambition quiet. I tried to avoid the presidentials at first. But the longer I spent at Harvard, the more fascinating they became. Most Harvard students are pretty ambitious. But wanting to be president—and letting...

Author: By Lois E. Beckett | Title: Kids Who Would Be King | 11/12/2008 | See Source »

...Gone” will be the one that hooks you. Starting with, “How you’re my hero / How you’re never here though,” this Emo-Motown ballad features the laments of a son thinking of his runaway dad. The content of the lyrics, the supporting synth, the old school, melancholic sound, and a booming chorus with James Allan shrieking, “He’s gone, he’s gone,” make this a thoroughly disarming song.Near the end of the album, the moodiness shifts...

Author: By Andrew F. Nunnelly, CRIMSON STAFF WRITER | Title: Glasvegas | 11/7/2008 | See Source »

...rejected, he does has multiple opportunities for appeal. And even if that fails, he may still get what Spanish newspaper El País suggests he is truly after. Not the villa in Marbella, perhaps, but at least publicity for a forthcoming book on his relationship with his dad...

Author: /time Magazine | Title: Bin Laden's Son Loses Political Asylum Bid in Spain | 11/5/2008 | See Source »

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