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...thing to be perceived as the underdog in sports, but quite another to enter as the stray. And that's how most of the world saw the squad of six Olympic neophytes on the U.S. men's gymnastics team, two of whom are eleventh-hour alternates; with one, Alexander Artemev, getting the call to suit up just a day before the competition began. Entering the team finals, the U.S. trailed China, the leader, and eventual gold medal winner, by 9.475 points and occupied a medal-distant sixth place. Yet the unexpected does tend to occur at the Olympics...

Author: /time Magazine | Title: The US Gymnasts: Battling for Bronze | 8/12/2008 | See Source »

...domination has come at a price. In China's state-run sports system, coaches trawl the countryside looking for children with suitable physiques for every sport. Once kids enter elite athletic schools like these, they rarely see their parents and the extensive training often takes precedence over academics. Divers have to be recruited particularly early - sometimes as young as age six - before they develop a fear of heights and so that their bodies can be molded into the ultimate water-piercing missiles...

Author: /time Magazine | Title: Another Golden Day for China's Divers | 8/11/2008 | See Source »

...Once divers enter the Chinese sports system, any perceived wavering in dedication to the sport can elicit heavy punishment. After winning gold in Athens, divers Guo Jingjing (who won a gold on August 10) and Tian Liang were publicly chastised for devoting time to commercial activities without prior approval from sports bureaucrats. Tian did not apologize for his alleged infraction. He was summarily expelled from the national team. Guo, however, made a tearful public mea culpa, saying, "I belong to the country...

Author: /time Magazine | Title: Another Golden Day for China's Divers | 8/11/2008 | See Source »

...walked on, past the great white pillars and the makeshift shelter, toward the next morning when I would enter the day along with thousands of other interns in DC heading to work. And if the babushka ever wants help with a petition or to organize an event, I’ve got her back. But for now I’ll put on that blazer. I smile at her. Behind her, a bumper sticker: “If you want peace, work for justice...

Author: By Rachel A. Stark | Title: A Walk Past the White House | 8/8/2008 | See Source »

...their loans, so this type of funding is less expensive than borrowing from a commercial bank or an NGO. Any student who has taken N. Gregory Mankiw’s course or read his textbook can tell you that if you allow markets to operate freely, new firms will enter the market and drive down profits and prices until supply equals demand. Even in developing countries today, we see that principle in action as new banks are entering the market and offering lower interest rates. If this continues and the operational costs decrease as technology increases, interest rates could fall...

Author: By Charles A. Lacalle | Title: Finance in the Third World | 8/8/2008 | See Source »

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