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...investment to pull off. But with public and private funding under heavy strain in the global downturn, it's hardly the ideal time to be putting on a show. China lavished some $40 billion on last year's Beijing Games. These days "we are in a mode for lean games," IOC president Jacques Rogge said in December. (See pictures of the Beijing Olympics...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...budget for the Olympics during lean times? Some $13.8 billion in public funds has been allocated to the London Games, a huge jump from the $5 billion that was budgeted in 2005. Having fluffed the original math, though, the government insists that the event won't cost a penny more. The $290 million increase in the cost of building venues announced on Feb. 5, for instance, will come out of a $3 billion contingency fund included in the inflated budget. So too will the $682 million in extra public money needed for the media center and Olympic village - home...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...should get anywhere near an Oscar is--like the crazy-wonderful plot twists in a Bollywood musical--both improbable and inevitable. India provided the backdrop for two Oscar-favored dramas of the '80s: Richard Attenborough's Gandhi (11 nominations and eight wins, including Best Picture, beating E.T.) and David Lean's A Passage to India (11 nominations, two wins...

Author: /time Magazine | Title: From Slumdog to Top Dog | 1/29/2009 | See Source »

...shown up this morning, wrapped against the cold, turning the Mall into a vast red sea. You could almost pity the pundits as they groped for extravagant new ways to say what didn't need to be said in the first place. Historic? The monuments themselves seemed to lean in for a better view. There were the Tuskegee Airmen and the mighty of Motown, the past Presidents (like a live-action Mount Rushmore) and the whole of America in miniature, as though the continent folded in on itself and poured 300 million people into one space, one time, to stop...

Author: /time Magazine | Title: Barack Obama's Inaugural Address: Humility, Gratitude, Sacrifice | 1/20/2009 | See Source »

...jump back and forth between an explanation of how the Department of Homeland Security stinks to an argument in favor of a new National Energy Council. And while much of the book delves into government bureaucracy to an almost molecular degree, all Americans (even those who don't lean left) should flip through. You'll learn about your government (you'll re-learn all that stuff you picked up in high school and quickly forgot) and you'll have a guide for how the next four to eight years might look. Best to be forewarned...

Author: /time Magazine | Title: Obama's Progressive Manual for Change | 1/20/2009 | See Source »

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