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...state's financial health - will reach 100% in the U.S., up from 62% in 2007. That's almost as large as Greece's burden today. Ireland's debt burden is expected to triple over that same period to 93%, while the U.K.'s could double to 94%. Japan is the worst of the bunch, with its ratio likely to top 200%. Just as risky private-sector indebtedness caused the Great Recession, government debt, if not addressed, threatens to stall economic growth and spark renewed waves of confidence crises in global financial markets. "Attention has shifted to the second part...

Author: /time Magazine | Title: Weighed Down | 3/1/2010 | See Source »

Bonnie D. Ford, who is covering the Games for ESPN.com, has been to every Winter Olympics since 1998 in Nagano, Japan. "There's no second place," she said when asked where Vancouver ranks on the booze barometer. (In fairness, you can pretty much strike from the debate Salt Lake City, the abstemious host of the 2002 Olympics.) Ford's hotel is near Granville Street, close enough for her to hear the "Can-a-da, Can-a-da" shouts at 3 a.m. "It's been a two-week tailgate," she said. "I've covered a lot of college football, and this...

Author: /time Magazine | Title: The Vancouver Games: A Gold in Drinking | 2/28/2010 | See Source »

Temblors in the Ring of Fire are so common that a 7.0-magntitude quake hit Japan's Ryuku Islands yesterday. Today's Chilean quake occurred on one of the more powerful fault lines in the region, where the underwater Nazca Plate in the Pacific gradually submerges beneath the westward moving South American plate. The border between these two plates is known as a thrust fault, and the sudden rubbing of the plates against each other resulted in an earthquake that ripped across an estimated 400 miles of the fault. With a Richter scale magnitude of 8.8, the Chilean quake...

Author: /time Magazine | Title: Explainer: Why Chile's Quake Wasn't Unexpected | 2/27/2010 | See Source »

...While Asian skaters collected an impressive number of medals in Vancouver, many of these nations - Korea, Japan, China - have only rudimentary figure-skating programs, and most are still in the process of building an infrastructure for the sport, with élite-level coaches and comprehensive training from the novice level up. The country with the most advanced program is China, thanks primarily to the efforts of one man, Yao Bin, who in 1980 was part of China's first pairs team to compete in a world championship. After a 15th-place showing there that he considered disastrous, Bin built...

Author: /time Magazine | Title: With Kim's Gold, Asian Skaters Come Into Their Own | 2/26/2010 | See Source »

...Coaching choices are just as slim in Korea and Japan. In Korea, where short-track speedskating has traditionally earned more medals and respect from fans, figure skaters often have to share precious ice space with speedskaters, limiting their ability to build speed and work on expansive elements such as spirals and intricate footwork sequences. Things aren't much better in Japan, where crowded sessions forced Asada, as an up-and-coming talent in the early 2000s, to train for a few years in California before returning to a new rink built in Nagoya. (See a brief history of Olympic sore...

Author: /time Magazine | Title: With Kim's Gold, Asian Skaters Come Into Their Own | 2/26/2010 | See Source »

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