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...growth is slowing sharply. Manufacturing contracted in July for the first time since at least 2005, according to China's Purchasing Managers' Index, resulting in reduced hiring by the sector. Meanwhile, a 50% drop in China's stock markets from their peak last October is creating a reverse wealth effect, some economists believe, leading both consumers and companies to be more cautious about their outlays. Tao Wang, an economist with Bank of America in Beijing, says China's GDP growth will slow to 10% this year, down from 11.4% in 2007, and could drop...

Author: /time Magazine | Title: Not-So-Great Expectations | 8/14/2008 | See Source »

...wrap around the chest and back and disrupt, or trip, the flow of water down the body. This was significant because in previous attempts to reduce drag, the water would run quickly down the body and then form an eddy that would literally pull the swimmer backwards. So, in effect, the turbulators reduced total drag by increasing (slightly) the amount of friction on the surface of the body...

Author: /time Magazine | Title: High-Tech Swimsuits: Winning Medals Too | 8/13/2008 | See Source »

...drag. Rick Sharp, a kinesiologist from Iowa State University, explains that when a swimmer gets tired, his mechanics start to deteriorate, and the resulting dip in the lower back significantly increases drag. The water, flowing down the back, crashes into the arch of the buttocks creating a "rooster tail" effect. The core stabilizer helps the swimmer maintain good body position in the water by subtly rolling the hips forward in the water...

Author: /time Magazine | Title: High-Tech Swimsuits: Winning Medals Too | 8/13/2008 | See Source »

...wear the LZR or TYR and feel as fast as a dolphin - and don't discount the psychological effect of wearing something high tech. But you are still not likely to catch Phelps, who, it must be said, only wears the bottom half of his new Speedo wonder suit for most races. For any swimmer, it is the more important half to be wearing...

Author: /time Magazine | Title: High-Tech Swimsuits: Winning Medals Too | 8/13/2008 | See Source »

...crisis in Georgia this morning, declaring "solidarity with the Georgian people" after a series of meetings with intelligence and national security advisers in which reports of continuing movements by Russian forces in the region raised fears that Moscow might still be pursuing military ambitions in the country. The sum effect of Bush's statements was to turn what had been a cautious approach from Washington into an aggressive one, and it raised the possibility of a sharper confrontation with Moscow...

Author: /time Magazine | Title: Bush Raises the Heat in Georgia Crisis | 8/13/2008 | See Source »

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