Word: heade
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...proprietary Parthenon software, which organizes a bank's business by customer instead of by product line, as had been the case at Abbey. "This is the kind of sophisticated information JPMorgan still didn't have, and I saw it at a Santander branch in Chile," says Davide Serra, head of the U.K.'s Algebris hedge fund. The system facilitates cross-selling to existing customers while allowing Santander to cut back-office staff drastically (Santander never cuts the flesh pressers out front). In Abbey's case, total employees dropped from 25,331 to 16,489, while costs have come down from...
...cannot be inferred from a single sale, but works from other contemporary Philippine artists such as Geraldine Javier, Winner Jumalon and Benedicto Cabrera are being sold with increasing frequency and success at auctions and galleries in Hong Kong, Singapore, London and New York City. Mok Kim Chuan, the head of Southeast Asian art at Sotheby's, calls it a nascent boom with room to run. "It took 20 years for Indonesian art to grow to where it is now in the market," he says. "The Philippines has only just started...
...until the arrival in the 1920s of Fernando Amorsolo, arguably the country's most famous painter, that Philippine landscapes and figures began to appear more prominently in the archipelago's art. "Amorsolo's project was to find an idealized Philippine landscape and form of female beauty," says Ahmad Mashadi, head of the National University of Singapore's art museum. The artist took his nationalistic mission seriously, often too seriously, dipping his brush deeply in bathos and nostalgia. Amorsolo's paintings were suffused with movement, but they could be earnest to the point of comedy. Though he produced some striking portraits...
...more than 4,000 students wear veils - it was the first significant flare-up in the U.S. since a Florida woman sued the state in 2002 for refusing to allow her to wear a veil in her driver's license photo. (She lost on appeal.) Meanwhile, the debate over head coverings has been raging in Europe and parts of the Middle East over whether schools and other institutions can ban Muslim clothing such as the hijab (headscarf), the niqab (veil with an opening for the eyes), or the burka (piece of fabric that covers the entire face and body...
...reason why religious head coverings have yet to emerge in the U.S. as a significant issue is because of the tiny number of American Muslims who actually cover up. "It's very unpopular," says Jamillah Karim, an assistant professor in religious studies at Spelman College. "A minority of a minority of Muslim women here wear the face veil. It's just not practiced enough where it would become an issue at schools...