Word: popularizes
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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...
...speed at which contemporary Philippine art has swept across the Asian art world over the past year has outstripped popular knowledge of its fundamentals. What are the enduring influences on the art of this culturally complex country? What are the concerns of its pre-eminent modern artists and how have they arisen? To situate current market excitement within a wider historical framework, the Singapore Art Museum has mediated rivalries between secretive Philippine collectors, and dug into its own archives, to put together a show of 70 rarely seen works spanning more than a century of Philippine art. It is, experts...
...competition from a slew of similar sites, including Google Latitude (reborn from the wreckage of Dodgeball) and Gowalla, and there are rampant rumors that both Facebook and Twitter are interested in figuring out new ways to harness user locations in 2010. But the biggest challenge? Taking something that's popular in the young, tech-heavy communities on the coasts and making it appeal to moms and dads in between. (See 10 ways Twitter will change American business...
...need for manual labor. "The Mafia wants to earn the same profits, and the workers are becoming a burden," Saviano says. Authorities have also turned a blind eye to their problems. Rather than increase social services or workplace regulations, Prime Minister Silvio Berlusconi's administration has taken an increasingly popular anti-immigrant stance. About 1,000 of the African migrants in Rosarno were carted off to detention centers after the violence - some at their own request, the government says. Interior Minister Roberto Maroni, a member of the anti-immigrant Northern League party, said that "too much tolerance" had caused...
...question remains: Can Garson pull off what would be by far the biggest concert in China's history? The Chinese authorities have long been suspicious of rock music, notes Kaiser Kuo, a Beijing-based writer and musician who was once front man for one of China's most popular bands, Tang Dynasty. Pop music, initially associated with spiritual pollution from the West, later came to be seen as a potentially subversive force that might encourage rebelliousness among China's youth. But lately restrictions seem to be relaxing, and Kuo says bands that might normally have had problems getting permission...