Former Time Warner CEO and current Citigroup chairman Richard Parsons has a "love child," according to the Daily News, with a model turned philanthropist named MacDella Cooper, whose foundation he supports. A "love child"! There's something wonderfully old-fashioned and kind of romantic about that — but not so old-fashioned. For instance, at least we know that with Parsons's fat wallet there's no way baby Ella is going to have to start school in a worn, torn dress that somebody threw out, or know how it feels to always live in doubt, or be without the simple things ... Love child! Never meant to be! Love child! Born in pover — sorry, it's Friday. [NYDN]