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Sony reports record annual loss

Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles to turn things around under a new president.

(FINANCIAL TIMES) TOKYO - Sony on Thursday sought to assure investors that its latest restructuring effort was bearing fruit, saying it expected to follow a record 2011 net loss with its first full-year net profit in five years.

The Japanese electronics and entertainment group, which is preparing to cut 10,000 jobs, or 6 per cent of its global headcount, and scale back its unprofitable television manufacturing business, forecast a narrow Y30bn net profit for the year to next March.

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Society

Do We Need Our Parents When We Grow Up? Doubts Of A Young Father

As his son grows older, Argentine journalist Ignacio Pereyra wonders when a father is no longer necessary.

Do We Need Our Parents When We Grow Up? Doubts Of A Young Father

"Is it true that when I am older I won’t need a papá?," asked the author's son.

Ignacio Pereyra

It’s 2am, on a Wednesday. I am trying to write about anything but Lorenzo (my eldest son), who at four years old is one of the exclusive protagonists of this newsletter.

You see, I have a whole folder full of drafts — all written and ready to go, but not yet published. There’s 30 of them, alternatively titled: “Women who take on tasks because they think they can do them better than men”; “As a father, you’ll always be doing something wrong”; “Friendship between men”; “Impressing everyone”; “Wanderlust, or the crisis of monogamy”, “We do it like this because daddy say so”.

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