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Usage:

...hefty bonus for an exacta--if your pick for first or second or third, etc., matches the tournament rankings. The player with the most points at the end of each competition gets $100,000. Whoever piles up the most points over all six tournaments wins the million, a record fantasy-sports payout...

Author: /time Magazine | Title: Want to Make $1 Million Fishing Online? | 2/5/2009 | See Source »

...keeping his campaign promises: providing tax relief and health security to ordinary Americans, restoring our economic competitiveness and reducing our dependence on environmentally disastrous fossil fuels, which increases the power of our enemies. It's hard to imagine when he'll have a better opportunity. Nothing in the historical record suggests that when Congress has more time to deliberate--and more time to confer with special-interest lobbyists and local-interest political advisers--it enacts fair tax policies, sustainable energy policies, wise infrastructure policies, responsible fiscal policies or any other policies tainted by long-term thinking or national-interest considerations...

Author: /time Magazine | Title: How to Spend the Stimulus | 2/5/2009 | See Source »

...wasn't much help, the lesson that emerging economies such as China and India took was that they needed to build up gigantic reserves of U.S. dollars to protect their currencies. To build those reserves, they ran big trade surpluses, which were in turn enabled mainly by record trade deficits in the U.S., which were in turn enabled by massive borrowing from around the world. It was an extremely unbalanced financial ballet, and it has now come crashing to the ground...

Author: /time Magazine | Title: New World Order | 2/5/2009 | See Source »

...Floyd Patterson. Patterson's four title defenses before he met Johansson had been against fighters who, at best, weren't even household names in their own households. And Johansson, a European heavyweight champion, was believed to be but another in that line, even though he had a 21-0 record with 13 knockouts...

Author: /time Magazine | Title: Ingemar Johansson | 2/5/2009 | See Source »

Over the next two years, they stepped into the ring twice more, with Patterson winning both times by KO. For his part, Johansson would go on to have--and win--five more fights, regaining the European heavyweight championship before retiring in 1963 with a record...

Author: /time Magazine | Title: Ingemar Johansson | 2/5/2009 | See Source »

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