Word: parentes
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Federated Department Stores emerged from two years of Chapter 11 proceedings in February after new managers shed $5 billion of the $8.2 billion of debt that previous owner Robert Campeau had accumulated. Federated -- the parent of Bloomingdale's, Rich's, Burdines and other chains -- spent much of the Chapter 11 period reorganizing its finances and closing weak stores. Macy's also got a new-management look last month when chairman Edward Finkelstein resigned after filing Chapter 11 papers in January. Finkelstein had come under increasing fire since using debt to achieve a $3.7 billion buyout of Macy...
...idea of parental notification has a logic to it in communities where high school girls cannot receive aspirin from a school nurse without a parent's approval. But again, abortion rights advocates argue that a girl who does not want to tell her parents she is pregnant may have profound reasons for her silence, and no new law is likely to overcome that immediate fear...
...Worth-based American could profit handsomely from an industry shake-out. Staggered by the recession, constant fare fights and a global epidemic of aerophobia growing out of last year's Persian Gulf conflict, U.S. airlines have lost more than $6 billion since 1990. American has been no exception: its parent company, AMR, has lost a combined $279 million in the past two years. All that has led Crandall to predict that the number of major carriers will continue to shrink. Says he: "I think there is probably some consolidation left to happen...
...about these paeans to family, however, is that they come at a time when Americans seem intent as never before on taking the family apart. The divorce rate is more than twice what it was 30 years ago. More than half of , American children will live in a single-parent home sometime before age 18. A quarter of all births in the U.S. occur out of wedlock, five times the rate of 30 years...
Carson, a Black man who grew up the child of a single parent family in inner city Detroit, pointed to himself as a prime example of the success a person could achieve...