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...Asian-born players have come close to tasting glory in the majors before: Taiwan's Liang-Huan Lu finished one shot behind Lee Trevino at the 1971 British Open, and his fellow countryman T.C. Chen's infamous two-chip gaffe cost him dearly at the 1985 U.S. Open. And credit must clearly also be given - as Yang did on Sunday - to South Korean female golfer Se Ri Pak, who has won two majors...

Author: /time Magazine | Title: Yang Puts Golfers from Asia on the Map | 8/18/2009 | See Source »

Also, many private players plan to take advantage of federal financing programs, such as TALF (Term Asset-Backed Securities Loan Facility) and PPIP (Public-Private Investment Program), which will give them low-cost financing when acquiring troubled assets, making their potential returns even frothier. (See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: New REITs Pounce on Distressed Mortgage Assets | 8/18/2009 | See Source »

...apps already available, Apple's App Store is adding thousands every week. Until now, though, building a professional-looking app had been complex and costly - many app developers charge upwards of $125 per hour or $5,000 a week, and apps created from scratch often take at least several weeks to develop, at a total cost of $10,000 to $20,000, not including monthly hosting fees. (See the must-have iPhone apps...

Author: /time Magazine | Title: New Ways to Create iPhone Apps on the Cheap | 8/18/2009 | See Source »

...Eric Bickel of the University of Texas, the seawater-mist method could counteract a century's worth of warming for $9 billion. Compare that to the political complexity and the economic unknowns associated with a meaningful and enforceable global climate accord. "The benefits are so great, at a low cost, that at the very least it makes sense to invest in a real research program for this," says Lane. (See pictures of the world's most polluted places...

Author: /time Magazine | Title: Can Geoengineering Help Slow Global Warming? | 8/18/2009 | See Source »

...focal point of its opposition for the same reason. However, Obama has never presented the public option as anything other than a means to an end - one that he would be perfectly willing to achieve through other avenues if necessary. His goal is twofold: to provide a low-cost alternative to the private system that already exists and to assure competition in a health-care market where it is generally lacking. Though there are more than 1,000 private insurance carriers in this country, the dominant ones operate as a near monopoly in most states. (See the top 10 medical...

Author: /time Magazine | Title: Health-Care Reform: Obama Finesses the Public Plan | 8/17/2009 | See Source »

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