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...very interesting market, which will add diversification, solidity and stability to our future results," Santander chairman Emilio Botín proclaimed. So has the predicted round of consolidation begun at last? Er, not really. "This is not the beginning of cross-border banking mergers in the euro zone," says Francesco Giavazzi, an economist at Milan's Bocconi University. If anything, Giavazzi says, Santander's move in Britain demonstrates how many barriers remain to such transnational deals. Santander had already been blocked from taking over France's Société Générale in 1999 because...

Author: /time Magazine | Title: Banks Without Borders | 8/1/2004 | See Source »

...Antica Focacceria San Francesco In business since 1834 and one of Palermo's most justifiably popular restaurants. Via A. Paternostro 58; 39-91-320-264; www.afsf.it...

Author: /time Magazine | Title: Sipping In Sicily | 5/17/2004 | See Source »

...obvious yardstick of success or failure is stock price. The companies whose stock is bouncing back the fastest are usually those whose new leaders have acted most quickly to tackle their core problems. In Britain, Cable & Wireless stock is up 50% since Italian turnaround expert Francesco Caio took over a year ago. He swiftly shed unprofitable operations his predecessor had bought in the U.S., including a big Internet hosting business, but had been reluctant to sell when they didn't pan out. At ailing insurer Royal & Sun Alliance, Andy Haste, 41, the CEO who took over last year, wasted little...

Author: /time Magazine | Title: Eurobosses: Spring Cleaning | 5/17/2004 | See Source »

...apocalyptic preacher of the 1490s who organized the Bonfires of the Vanities, in which many famous Renaissance works of art were destroyed. It features Botticelli's only signed and dated painting, Mystic Nativity, from the National Gallery in London, and commissions Filippino painted for Savonarola's most powerful follower, Francesco Valori. "Botticelli was personally influenced by Savonarola. There is a change in his style that would reflect his religious convictions," Nelson notes. "His work becomes more austere. The figures lose their pearls and gems and gold-trimmed hems." There is no evidence that Filippino was ever a follower...

Author: /time Magazine | Title: Return Of A Forgotten Master | 3/21/2004 | See Source »

This year’s annual Vac BOS display marks the 40th anniversary of the student-curated exhibition on the architect Le Corbusier. This event also commemorates 40 years of great shows for the Carpenter Center for the Visual Arts. This showing will feature a lecture by Francesco Passanti on March 11. There will be a reception following the 6 p.m lecture. Runs March 11-18. Carpenter Center...

Author: By The Crimson Staff, | Title: Happening | 3/5/2004 | See Source »

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