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Oscar de la Renta told CBS that John Galliano deserves a second chance in fashion. "I like John," said the designer, who gave Galliano a residency in his studio last season. "He's a great guy and I was happy that I gave him that second chance and I hope that he will survive all of this." Galliano's arrest and conviction for using racist and anti-Semitic hate speech against two strangers in Paris cost him his job at Christian Dior. [Reuters]