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...traded internationally in U.S. dollars, the dollar is pegged against oil. While squeezing American industry, high oil prices also devalue the dollar. With the state of our economy reflected in the price of oil, it has become a new standard for valuing America. We are slaves to this black gold standard...

Author: /time Magazine | Title: Are Oil Prices Rigged? | 8/22/2008 | See Source »

Usain Bolt may have just broken the human speed limit. Last week, he took two gold medals in the Olympic 100m, shattering his own world record with a time of 9.69 secs., and the 200m with a time of 19.3 secs., obliterating by two-hundredths of a second the long-standing world record Michael Johnson set at the Atlanta Games...

Author: /time Magazine | Title: How Fast Can Humans Go? | 8/22/2008 | See Source »

...several U.S. women's teams will play for one, the basketball and volleyball teams having advanced to the gold medal games. The U.S. even made table tennis history. Chen Wang became the first American, man or woman, to ever make the quarterfinals in a singles event. Yes, the water polo team lost to The Netherlands, earning silver. But softball is the true surprise; the sport was dropped from the Olympics, in part, because the U.S. was so dominant. "I really kind of feel that maybe people [will] get off our back, and realize that there is some parity in this...

Author: /time Magazine | Title: Jennie Finch Goes Out on a Losing Note | 8/21/2008 | See Source »

...hasn't played in many close games, and it showed. Before the final, the Yanks had outscored opponents 57-2. During the gold medal run in Athens, the spread was 51-1. In the bottom of the sixth against Japan, while trailing 2-1, the U.S. had runners on second and third, one out. Here comes the onslaught, right? But two straight infield pop-ups killed the rally. Clutch hitting? What's that...

Author: /time Magazine | Title: Jennie Finch Goes Out on a Losing Note | 8/21/2008 | See Source »

...muddled. "We've fought it, we've fought it, we've fought it for so long," she says of softball's inevitable Olympic extinction. "But on the drive up, knowing this could be it, you can't fight it anymore." She never got a chance to fight for the gold. Candrea started lefty Cat Osterman to match up against Japan, which had seven southpaws in the starting lineup. Was Finch disappointed? "I would be lying if I said no," says Finch, before quickly adding that she supports Candrea. She won't go Solo on us. "As a pitcher, I think...

Author: /time Magazine | Title: Jennie Finch Goes Out on a Losing Note | 8/21/2008 | See Source »

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