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...deal was even less popular when Abbey's new CEO António Horta-Osório slammed the brakes on new mortgage lending in 2006, right in the middle of a housing boom. But Horta-Osório looked prescient when U.K. banks such as Alliance & Leicester and Bradford & Bingley kept on lending and then found themselves in crisis when the market crashed. Santander bought them both - in B&B's case, it was only the deposits and branches - for about one-fifth of what it had paid for Abbey. (Read: "U.K. Acts to Stem Bank Panic...

Author: /time Magazine | Title: Santander: The Most Boring Bank in the World | 1/18/2010 | See Source »

Thank you for sharing "The Fatigue of War." As a Cuban refugee, I cherish my freedom in the U.S., while others less lucky will never know how it feels to be free. Maggie Salazar, BLOOMFIELD HILLS, MICH...

Author: /time Magazine | Title: Moving Images | 1/18/2010 | See Source »

...Office Mojo chart, Avatar is currently only 36th all-time. The top grosser, Gone With the Wind, earned three times as much in theaters as Avatar has so far.) In foreign markets, Avatar is even more imposing, having earned more than $1.1 billion; that's only about $150 million less than Titanic did in its entire run. Expect a new worldwide champ before Oscar night...

Author: /time Magazine | Title: Avatar Weekend Five: Cameron Burns Eli | 1/17/2010 | See Source »

...longest-term bonds issued this week were priced to yield 4.02 percent over 24 years, or 0.3 percent lower than the benchmark for securities of similar quality. The below-market yield means that Harvard will pay investors less interest than average on its tax-exempt debt, but the exact savings to the University were not available this week...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: Harvard Name Aids Debt Sales | 1/17/2010 | See Source »

While arsenic contamination is typically eliminated by removing affected soil, Harvard is considering “encapsulating” contaminated areas, essentially burying affected soil, Gray said. This option not only costs less but also preserves the site’s aesthetic appeal, as the removal of soil would lead to the uprooting of vegetation. Gray added that the “encapsulating” method is environmentally safe, as long as the land is held in perpetuity as green space...

Author: By William N. White, CRIMSON STAFF WRITER | Title: Harvard Land Sale To Weston Stalls | 1/17/2010 | See Source »

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