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With that growth came near disaster, as big loans to Cuban sugar planters went bad. What saved the bank was the salesmanship of Charles E. Mitchell, head of City's securities arm, who repackaged the bad Cuban debt--and went on in the 1920s to find ever more creative ways to sell securities and lend to the burgeoning middle class. Mitchell, who became president of the bank in 1921, built City into the first financial supermarket. When everything financial turned toxic in the early 1930s, he became the most prominent scapegoat for the disaster. He was the main target...

Author: /time Magazine | Title: Citibank: Teetering Since 1812 | 1/21/2009 | See Source »

...Even when Wyeth is admitted into the canon, he's held a bit at arm's length. The Museum of Modern Art in New York City owns his most famous canvas, Christina's World, which it acquired in 1948, soon after it was painted, for just $1,800. But while the picture is always on display at MoMA, it's consigned to what you might call an anteroom on the margins of the more respectably modern galleries, a salon des refuses that it shares with Edward Hopper's House by the Railroad. Seeing Christina splayed across her field of grass...

Author: /time Magazine | Title: Andrew Wyeth's Problematic Legacy | 1/17/2009 | See Source »

...Never paint the material of the sleeve," N.C. would roar. "Become the arm!" It was classical instruction, demanding empathy with the object. Yet the leonine old illustrator never let his pupils fall for the pathetic fallacy-that empty barrels are lonely. He believed that the painting must find an echo inside the painter-in a sense, Method painting. It was all done with such verve and warmth that, as Sister Carolyn says, "there was nothing arty about it. It was like coasting, like playing outside in the snow...

Author: /time Magazine | Title: TIME Cover: Andrew Wyeth's World | 1/16/2009 | See Source »

...bronchial tubes of one lung. They were removed in an operation so drastic that his chest had to be opened from top to bottom, slashing his shoulder muscles so that he thought he might never be able to paint again. While convalescing, he painted The Trodden Weed, with his arm suspended in a sling from the ceiling. The boots that flatten the weed once belonged to Howard Pyle and were Betsy's Christmas gift to him in 1950. Wyeth wore them while taking long walks to regain his strength. He explained: "The painting came to signify...

Author: /time Magazine | Title: TIME Cover: Andrew Wyeth's World | 1/16/2009 | See Source »

...think sticks, cow hide and a log as your pillow). But my homestay sister Monika had no qualms about pushing me, punching me, kicking me or spooning me. And it didn’t take long before I learned to push back. With Monika’s arm around me, and two sharp elbows at my disposal, I managed to hold my ground. Come November, when the rains began, I would be long gone, but Monika would still be sleeping there as the rain pounded down outside the hut. It would be her first rainy season as a woman. Monika...

Author: By Megan A. Shutzer, CRIMSON STAFF WRITER | Title: Coming of Age in Ngare Sero | 1/15/2009 | See Source »

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