Word: spanishing
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Santander still has to prove itself in the U.S., however. In 2006, the Spanish firm spent $2.9 billion to buy 25% of Sovereign Bancorp, a regional bank in the northeast. By October 2008 Sovereign's stock had fallen 85% and Santander exercised its right of first refusal to buy the remaining 75% for $1.9 billion. Now it has to hope Sovereign is worth more than the peanuts Santander paid for it. "If a bank is strong, it is not for sale. Banks are sold, not bought," says Juan Rodríguez Inciarte, Santander's director general and an architect...
...Thrice Upon a Time" follows a simple historical chronology. The story begins in the late 19th century, when the scattered archipelago was a Spanish colony, its people stifled by ruling élites but also desperate to earn their approval. The assiduousness with which they sought it can be seen in two iconic works by Filipino artists Juan Luna and Félix Resurrección Hidalgo, who together swept the top prizes at a prestigious Madrid art exposition in 1884. Neither painting bears any trace of indigenous technique; instead they demonstrate the skill with which the Filipinos absorbed the traditions...
...chooses to depict a scene from ancient Rome wherein naked Christian virgins are being lasciviously peddled by slave traders. "Hidalgo wanted to say that the virgins are actually the Philippines," explains Joyce Toh, an assistant curator at the Singapore Art Museum. "It's an allegory about persecution under the Spanish...
...Rodrigo Rosenberg himself that requested the help of his ex-wife's cousins ... to whom he said, 'I have an extortionist who is threatening me, and I want to kill him,' " said Carlos Castresana, the Spanish lawyer who heads the Commission Against Impunity in Guatemala (CICIG), a U.N.-backed investigatory body. CICIG, which conducted the investigation with the help of the FBI and Guatemalan investigators, presented its conclusions in a televised press conference. Investigators said arrest warrants have been issued for the cousins, pharmaceutical-company owners and brothers José Estuardo and José Ramon Valdez Paiz. They are reportedly...
...opulent élite of powerful Filipino families that have governed the nation for decades date back to the Spanish and American colonial period. But local warlords became an increasingly visible feature on the political landscape after independence in 1946. The Pacific war had just ended, and the country was awash with firearms left by the beaten Japanese forces or supplied to Filipino guerillas by the U.S. military. This was a period, too, when the government in Manila lost control over some provincial areas, enabling a new generation of families and clans to establish political strongholds. Some, but by no means...