Word: crucially
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...hand at buying banks. He merged family-run Santander with two Spanish rivals and then snapped up competitors across the border in Portugal. Santander is heavily invested in Latin America, where it has a network of some 3,900 branches and 52,200 employees. In buying Abbey, Santander gets crucial diversification as well as entry into Europe's most profitable loan market. A potential worry for Botin: the British deal is so sweet, a rival bank may try to grab Abbey from his grasp. --By Charles P. Wallace...
...should be a campaign to prevent desperate, angry people from taking up arms against us—and when they do so to defend the world from their attacks. It should not be a war of preemption against a list of potential adversaries; it should be a program of crucial preemptive action against the poverty, ignorance and political oppression which create the conditions under which terrorist groups thrive...
...traditional archery competitions held in the snow-swept Himalayan kingdom of Bhutan, women play a crucial role. But it's not as athletes aiming bamboo bows strung with lengths of stinging-nettle vine. Instead, Bhutanese women cluster near the male archers and take sole responsibility for keeping them from piercing the bull's-eye. "We distract them by singing rude songs," says Tshering Chhoden. "It's all part of the game." Adds her fellow Bhutanese Dhruba Kumar Chhetri: "The best thing to say is that the archer's wife has been sleeping around. That makes his concentration slip a little...
...Arroyo knows better than anyone that raising government revenue is one of the crucial challenges her administration faces if she is to keep her electoral-campaign promise to improve the lives of the nation's working poor?and to avoid a potentially disastrous economic crisis. The Philippine economy has long been one of Asia's worst performers, left in the dust while neighbors Thailand and Malaysia have raced ahead. Over the past five years, Philippine GDP growth averaged 3.9%, compared with 6.5% for other developing countries across the region. Chronically high unemployment (currently 13.7%) means about one out of every...
...want to do things that are risky, if you want to do things that are at the edge…philanthropic support is absolutely crucial,” he said. “It’s incredibly valuable money. Even though it isn’t the majority of the budget, it is what makes the place really special...