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Santander would rather be profitable than interesting. Santander's U.K. profits for the first half of 2009 were up 33% from the year before, if you don't count acquisitions, and almost 63% if you do. It remains to be seen if Santander can work similar magic at Sovereign. Inciarte says cost-to-income at the U.S. bank has already fallen from 65% to 57%, but that getting down to 40% "will take us quite a while." (See pictures of the Federal Reserve...

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

...first publicly elected gay official, says that in 2002, rivals wrongly claimed his partner had AIDS. In 2006, church groups, he says, passed out literature claiming he would "advance the homosexual agenda." In 2008, while running for a post to oversee the state's energy resources, he faced similar attacks and lost. "Their coordinated attacks on my sexuality really resonated in parts of Oklahoma," he says. "How do you respond to a ridiculous anti-gay-only message?" One answer: don't. During the home stretch of Houston's mayoral race in December, Annise Parker simply ignored attacks on her sexuality...

Author: /time Magazine | Title: Europe's Gay Leaders: Out at The Top | 1/18/2010 | See Source »

...says Matador, a Canadian who asked to be referred to by his online name so as not to blend his real life with his second one. What he saw motivated him to organize a team of online superheroes to secure the camp, make patrols and recruit players to stop similar acts of vandalism. (Read: "U.K. Couple to Divorce over Affair on Second Life...

Author: /time Magazine | Title: Can Video Games Save the World? | 1/18/2010 | See Source »

...touch communists, sensing the state's slipping grip on power, tried to push through a belated industrial expansion by force. In 2007, at least a dozen villagers in Nandigram were killed by state police during protests against the seizure of their land for a chemical plant. In 2008, similar protests pushed Tata Motors to cancel plans to manufacture its $2,500 Nano in the village of Singur, a political debacle that contributed to the communists' severe losses in the 2009 national elections. Basu had retired in 2000, but his high-handed rule left permanent damage, says Tathagata Bhattacharya, a political...

Author: /time Magazine | Title: Icon's Death: What Now for India's Communists? | 1/18/2010 | See Source »

...attack - with militants using machine guns, grenades, suicide bombs and remote-controlled mines - was consistent with a "pattern of international terrorism" that has emerged in the region in recent years. In November 2008, gunmen believed to be part of the militant group Lashkar-e-Taiba unleashed a similar commando-style raid on Mumbai over a three-day period, killing about 170 people. Analysts say the timing of Monday's attack was also key, as it came at a particularly vulnerable moment for Karzai. In an attempt to turn the tide in the fight against the Taliban, he is expected...

Author: /time Magazine | Title: Militants Launch Attack on Afghan Capital | 1/18/2010 | See Source »

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