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The format produces surprises, but no city has felt the sting more than Pyeongchang, South Korea. Pyeongchang's bids for both the 2010 and 2014 Winter Olympics were thought to be the favorites of the committee, and in each case, the small city of about 46,000 people led after...

Author: /time Magazine | Title: How Is the Olympic Host City Chosen? | 10/1/2009 | See Source »

For months it had been clear that the FDIC, which maintains a fund to protect deposits when banks fail, would soon run out of money. By the FDIC's own revised estimate, the credit crisis, which has already claimed 95 banks this year, will cost the agency $100 billion. Half...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

Will the Party's adaptability and the nation's continuing economic growth be sufficient to sustain it in power indefinitely? Perhaps. The CCP's sustenance to date has certainly surprised many leading China watchers. But, going forward, the major challenge to the Party will likely be its ability to deliver...

Author: /time Magazine | Title: China at 60: The Road to Prosperity | 9/28/2009 | See Source »

Genetics Professor Frederick M. Ausubel, who will use a Transformative research grant to work on solutions to antibiotic resistance, said that one of the difficulties of conducting high-risk research is that people are reluctant to fund a project if there is no guarantee that the results will be relevant...

Author: By Sophie A. Fry, CONTRIBUTING WRITER | Title: NIH Grants Fund 18 ‘High Risk’ Harvard Projects | 9/28/2009 | See Source »

“Sometimes you need to take the risks. There is no 100% guarantee of success, but if there is, it pays off greatly,” he said.

Author: By Sophie A. Fry, CONTRIBUTING WRITER | Title: NIH Grants Fund 18 ‘High Risk’ Harvard Projects | 9/28/2009 | See Source »

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