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...Obama wins, scenario No. 2 becomes a live option. Democrats have a history of overreaching when they win huge majorities. Franklin Roosevelt did so after his re-election landslide in 1936; so did Lyndon Johnson after 1964. Obama could as well. With big majorities in the House and Senate, he'd probably take another run at universal health care, which is what helped prompt the Gingrich revolution in 1994. He could hike taxes and impose tough new environmental regulations on business. He might preside over a messy withdrawal from Iraq and perhaps see Iran complete development of a nuclear weapon...

Author: /time Magazine | Title: Falling Upward | 8/28/2008 | See Source »

...near future, expect to see a convertible version of the R8. What you won't see is huge numbers of R8s on the road. Ever. Rhys thinks Audi will keep global production at 4,500 for the time being, though it could eventually push it to 6,000. Even so, that's still not many cars. Which is the idea. De Nysschen insists Audi will ensure that demand for the R8 always outstrips supply--to keep its aura of exclusiveness intact. "In that market segment," he says, "the difference between too many and too few cars...

Author: /time Magazine | Title: Audi Gets in the Fast Lane | 8/28/2008 | See Source »

...three pointers, and pretty passes. "It will probably go down in history as one of the greatest Olympic games ever," James says. No argument here. After the game, he recounted the twists of the fourth quarter. Spain rallies, the U.S. gives itself some breathing room, another Spain comeback, more huge plays from the Americans. "I'm kind of crazy cause I'm watching the game all over again in my head," he told reporters. "The intensity of the game was unbelievable. I think you guys felt the intensity, so if you guys felt it, you know how crazy...

Author: /time Magazine | Title: Delivering on LeBron's Guarantee | 8/24/2008 | See Source »

...August 24, the extravaganza for which China had been grooming itself for so long ended with a 30 ton steel centerpiece called the Memory Tower, reaching five stories that came alive with acrobats dancing along its girders representing a huge human flame. The Olympic flame may be extinguished, but the Tower, the organizers explain, represents the "holy flame which will burn and never be extinguished in people's hearts...

Author: /time Magazine | Title: The Lessons of the Beijing Olympics | 8/24/2008 | See Source »

...ability to appear wherever cameras are rolling-whether at crime scenes or neighborhood block parties. But his boldest move came when he engineered a city-hall takeover of Washington's struggling public schools. He hired a no-nonsense outsider, Michelle Rhee, to reform the crumbling system; it's a huge gamble politically, but the city's future could depend on its success...

Author: /time Magazine | Title: Nothing Unique About It: The New Generation of African-American Politicians | 8/21/2008 | See Source »

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