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...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 of its international expansion. Inciarte says Santander will give Sovereign the same treatment it gave the U.K.'s Abbey National bank, an ailing mortgage provider it bought for $11.2 billion in stock in 2004. It was Santander's first foray into Anglo-Saxon territory, and it met contemptuous resistance to Botín's "Spanish paper," in the words of one shareholder...

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

...original version of this article misstated the average length of time it takes for a patient suffering from depression to achieve positive treatment results...

Author: /time Magazine | Title: Therese Borchard on Overcoming Depression | 1/15/2010 | See Source »

...Federal Government would pay 100% of the cost of expanding the Medicaid program in Nebraska. The 49 other states, by contrast, would have full federal funding for a few years but would eventually have to pick up part of the tab. As soon as word of the special treatment broke, the deal became known as the "Cornhusker Kickback," and Nelson was roundly mocked. California Governor Arnold Schwarzenegger, whose state is in serious financial trouble that could be exacerbated by a Medicaid expansion, said in his recent State of the State address that Nebraska "got the corn...

Author: /time Magazine | Title: What if All 50 States Get Ben Nelson's Medicaid Deal? | 1/15/2010 | See Source »

...wake of the attacks, Nelson has done his best to deflect attention from the special arrangement. He insists the deal wasn't his idea, and, in a Jan. 15 letter to Senate majority leader Harry Reid, Nelson asked that special treatment for Nebraska be excluded from the final legislation. In the same letter, however, Nelson repeated something he has been saying since word of his special deal got around - that newly eligible Medicaid enrollees in all states should be fully and permanently paid for by the Federal Government. At first, this seemed like a crude and overly expensive solution...

Author: /time Magazine | Title: What if All 50 States Get Ben Nelson's Medicaid Deal? | 1/15/2010 | See Source »

...giving up control to the private sector - especially as Jetstar has increased its market share at the expense of the state-run Vietnamese Airlines. Carl Thayer, a politics professor at the University of New South Wales, says the Vietnamese government is still "uncomfortable" with private competition and that its treatment of Jetstar Pacific is part of a "backlash against aspects of the globalizing economy...

Author: /time Magazine | Title: Jetstar Detentions Raise Red Flags for Investors in Vietnam | 1/15/2010 | See Source »

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