Word: parental
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...even the biggest clubs cannot escape financial pressures completely. KPMG, auditors for the parent company of Premier League runners-up Liverpool, warned in accounts published last week that the firm's need to refinance some $575 million in bank loans - debt stemming from the club's 2007 takeover by American investors - amounted to "a material uncertainty which may cast significant doubt on the group's and parent company's ability to continue as a going concern." A deal to roll over the debt is likely; as a storied and well-supported club, Liverpool generates healthy revenues and profits. But difficulty...
...given, but sources say that clashes over expenses with Donatella Versace, the creative director and part owner of the brand, were to blame. Another CEO, Kim Winser of the British brand Aquascutum, also resigned last week, after a buyout she put together was rejected by the brand's Japanese parent company, Renown. And according to a report in Women's Wear Daily, Ungaro designer Esteban Cortezar is expected to leave the house after just three seasons, following disagreements with CEO Mounir Moufarrige. The good news for opportunistic Bergdorf shoppers? Maybe even deeper discounts on Floor Two in the fall...
...study involved 316 adolescents, ages 13 to 17, in four cities. All of the teenagers had a history of depression or current symptoms that just fell short of a clinical diagnosis. The teens also had at least one parent who had been diagnosed with depression...
...researchers will also examine what can be done for the adolescents whose parents are in the grips of depression: this subset, which was 45% of the participants, did not benefit significantly from the cognitive behavioral program. "It's awfully hard to change your thinking habits if a parent is depressed and everything is so chaotic around you," observes Clarke. Future studies, says Garber, will look at whether treating the parent for depression makes a difference...
...leave Harvard, I leave with the love of a child for his imperfect parent, with the knowledge that the parent’s virtues and imperfections are the foundations of my own. I love Harvard, will always love Harvard, and will fight—from near or far-- to make it a better place. And I thank you--my teachers, students, colleagues, and staff--for being the trellis of my growth and the flowering vines on my trellis...