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Those who can't wait to see 2008 come to a close will have to endure an extra second - literally. On Dec. 31, just before 7 p.m. Eastern time, a leap second will be added to atomic clocks around the world to realign Coordinated Universal Time (UTC), the international standard for atomic clocks, with Earth's rotational period. The reason for the intermittent mismatch between these two measurements lies not with the clocks but with the movement of the planet, which is decelerating at an average rate of two milliseconds...

Author: /time Magazine | Title: Wait a Second: Why 2008 Was a Long Year | 12/31/2008 | See Source »

...other city could compete with the entertainment, parties and number of hotel rooms. "If you put three to a room," says Schwer to illustrate the capacity Vegas has, "you could put the whole population of Wyoming in Vegas and still be able to feed, clothe and give them extra towels." (See 10 things to do in Las Vegas...

Author: /time Magazine | Title: Behind Vegas's Bad Bet | 12/29/2008 | See Source »

...Nicholas attends the First Council of Nicaea and helps create the Nicene Creed, which millions upon millions of Sunday School children will later memorize. Tip: children who mention this in their annual letter to Santa receive an average of 3 extra toys...

Author: /time Magazine | Title: Santa Claus | 12/25/2008 | See Source »

...surge week before the holiday," says Marshal Cohen, chief industry analyst at the market research firm NPD Group. "Usually, this week is money in the bank for the retailer, because they can count on the consumer that has waited until the last minute or the person that has added extra people to their shopping list. Not so this time. This has probably been the most challenging holiday many of these retailers have seen...

Author: /time Magazine | Title: No Relief from the Christmas Gloom for Retailers | 12/24/2008 | See Source »

...Madrid. One of the drums contains thousands of wooden balls each with a unique ticket number. The smaller vessel contains 1,787 balls displaying a cash amount. Waiting crowds will yell "Gordo! Gordo!" as each prize is matched up with a ticket number, and hope for a little extra stimulus money amid the global financial crisis...

Author: /time Magazine | Title: The World's Biggest Lottery | 12/22/2008 | See Source »

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