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...just the inevitable morning-after blues. But there's more to it than that. As we sweep up the confetti and pack away the unsold T shirts, we find ourselves struggling with a huge fiscal hangover. By latest estimates, the Olympic tab will be twice the initial forecast of $5.5 billion. Greece's public debt is already more than 100% of gdp and its budget deficit is in breach of the European Commission's 3% ceiling. Prime Minister Kostas Karamanlis should feel no shame in asking the U.S. (Britain and Israel, too) to help foot the security bill...

Author: /time Magazine | Title: After the Carnival Leaves Town | 9/5/2004 | See Source »

...send at the wrong time," he said in a speech to veterans. But in Germany, where the cuts will hurt the most, they were portrayed as an overdue change in mission that will mostly be felt in the small towns where the soldiers are based; one trade union forecast the loss of 7,500 German jobs. "This is a serious loss for those regions," says Defense Minister Peter Struck. There was little criticism of the change in U.S. strategy. "Let's face it, the cold war is over," says Jean-Vincent Brisset, a military expert at France's Institute...

Author: /time Magazine | Title: A Strategic Divorce? | 8/22/2004 | See Source »

...books contain handwritten facts and figures about M.C.G. attendances going back to 1921; Walshe computerized this information during the '90s and continues to update it. By cross-referencing factors such as which teams are playing, their positions on the ladder, whether they're last-start winners and the weather forecast for match day, "We can predict with a reasonable degree of certainty (give or take a couple of thousand people) what the crowd will be for upcoming matches," Walshe says. But he offers more than just a number. He makes projections about patrons' likely arrival times and whether they...

Author: /time Magazine | Title: Haunt of Heroes | 7/29/2004 | See Source »

...winning, even with its Senator on the ticket. Edwards' Senate re-election prospects had been far from certain when he opted instead to run for President. For all that is being made of Edwards' Southern roots, having him on the ticket isn't likely to change the Election Day forecast in the region very much, though it might force the Bush campaign to spend some more time and money protecting its turf. His Southern appeal was a major premise behind Edwards' presidential campaign, but he never proved he had all that much. New Englander Kerry beat Edwards in every Southern...

Author: /time Magazine | Title: Inside The Decision: The Gleam Team | 7/19/2004 | See Source »

...wasn't enough for surfers to know how to mount and ride a 100-ft. wave. They needed to know where and when to find the giant swells. Enter Sean Collins, a college dropout and son of a Navy navigator, who began compiling surf forecasts while riding the waves of Baja California in Mexico in the 1980s. Using data from ships at sea, weather reports from the National Oceanic and Atmospheric Administration, satellite photos and readings from ocean buoys, he began predicting with remarkable accuracy where and when the big swells would hit. In 1985 he launched Surfline...

Author: /time Magazine | Title: When The Surf's Way Up | 7/19/2004 | See Source »

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