Investment guru Lynch funds US education initiative

BOSTON, June 20 (Reuters) – Legendary investor Peter Lynch is donating $20 million to train school principals in Boston, making him the latest in a growing list of high net worth individuals to publicly champion philanthropy.

Last week, Microsoft (MSFT.O) founder Bill Gates and investor Warren Buffett of Berkshire Hathaway (BRKa.N) (BRKb.N) the two wealthiest Americans, said they were asking hundreds of U.S. billionaires to give away at least 50 percent of their wealth.

Lynch’s fortune is considerably more modest — at an estimated $350 million — but he shares the belief that the wealthy should give back.

“The people who have been luckier than others should give away a lot of money,” Lynch said in an interview.

Lynch, 66, made his fortune running Fidelity Investments’ Magellan Fund. Between 1977 and 1990, when he resigned as a fund manager, the fund grew to Fidelity’s flagship, with more than $14 billion in assets, from a mere $20 million, and averaged a 29.2-percent annual return.

Lynch, now vice chairman of Fidelity Management and Research Co.,and his wife, Carolyn, have long funded educational initiatives through the Lynch Foundation, their philanthropic organization.

The new initiative, at Boston College’s Lynch School of Education, will be the first to give specific training to principals as a way to raise overall educational attainment.

“We’re focused on giving people a good start. Education in the early grades seems to have the greatest payback,” Lynch said. Falling rates of U.S. high-school graduation is “a national cancer,” he added.

Carolyn Lynch, whose father was an educator and principal, said many teachers go from the classroom to the principal’s office without specific guidance or training.

To address the skills that today’s principals need, faculty will be drawn from several of Boston College’s disciplines, including the schools of management, ethics and leadership, law, social work and nursing.

Fellows will be selected from Boston’s 135 public schools, 16 charter schools and 135 parochial schools.

Lynch said he hoped the Boston project could become a national model.

“Maybe there could be 10 of these, maybe 20, maybe 50,” he said. “Maybe someone will do something like this in Chicago, San Francisco, Dallas, Detroit.”

Kids as young as 10 under constant pressure to have perfect bod

Washington, Aug 27 (ANI): Kids as young as 10 are living under constant pressure to have the perfect body, say researchers.

The study, led by researchers from Harvard University and the University of Alberta, Canada, showed a linear response for girls, who were happiest when thinnest, and a U-shaped response for boys, who were unhappy when they were too skinny or too fat.

To reach the conclusion, the researchers looked at the relationship between size and body satisfaction, as well as the effects of rural/urban residence, parental education and income, and neighborhood household income on kids.

“There is a well-established relationship between poor body satisfaction and increased risk of disordered weight control behaviors, including vomiting, fasting, and use of laxatives and diet pills for weight control. Importantly, body satisfaction appears to be responsive to school-based interventions,” said Bryn Austin, the lead researcher.

“To increase our understanding of body satisfaction and its links with BMI in childhood, we studied the prevalence of poor body satisfaction in prepubescent girls and boys, and its association with body weight and socioeconomic factors,” she added.

The findings revealed that overall, 7.3pct of girls and 7.8pct of boys reported poor body satisfaction.

For normal weight, overweight and obese girls the prevalence of poor body satisfaction was 5.7pct, 10.4pct and 13.1pct, respectively.

For boys this was 7.6pct, 8.4pct, and 8.1pct, respectively. Girls from parents with low educational attainment and residing in rural areas were more likely to report poor body satisfaction.

“Poor body satisfaction among males with a low BMI may reflect the cultural ideal for males to attain both muscularity and leanness; whereas, among females, thinness remains the culturally defined ideal body shape,” said Austin.

The research is published in the open access journal BMC Public Health. (ANI)