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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...
...photos in your Year in Pictures issue made me cry [Dec. 21]. I was particularly moved by James Nachtwey's photo of the Afghan amputee and his comments on "veteran" amputees doing physical therapy with those who recently lost a limb. The work of these physical therapists may be repetitive and unspectacular, but it's exactly these acts of mercy that keep the world from falling apart. Dinka Souzek, DANBURY, CONN...
...paintings were suffused with movement, but they could be earnest to the point of comedy. Though he produced some striking portraits, as well as a haunting landscape of Manila lying in smoky ruins after World War II, pastoral paintings are most common in Amorsolo's prodigious body of work - think of rows of smiling women harvesting rice in verdant fields, with a vibrancy unpleasantly reminiscent of the chirpy Technicolor Hollywood musicals that were playing in Manila cinema halls during his lifetime. Not surprisingly, "a lot of [modern] artists felt Amorsolo's work was too romanticized and they rejected it," says...
...people in the country's southwest, gay leaders have seen progress. Philippe Meynard, the mayor for five years, says his own visibility has influenced local attitudes. "People have become aware that a gay person isn't a caricature," he says. People now judge him primarily by his work building parking lots and beautifying the village. (See a timeline of gay marriage...
...fight, she's thought of first as a politician. That may explain the media's indifference to her sexuality. Some editors in Reykjavik say they ignored it to respect Sigurdardottir's privacy. Thorhallsson, of the University of Iceland, who is himself gay, believes that shows there is still work to be done. "It's a strange claim because she isn't in the closet," he says. "It shows that the media doesn't really know how to handle gay politicians." Perhaps. But only in Iceland could overlooking the Prime Minister's sexual orientation be taken as a slight. In many...