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...nation's economic doldrums are going to slow down the national pastime, there's not much evidence of it happening yet. This past season, baseball blasted a home run, scoring a record $6.5 billion in revenues. During the winter off-season, trade rumors and expensive free-agent signings have kept fans hooked. Struggling media outlets still saw fit to send some 370 journalists to Las Vegas to cover the sport's winter meetings, an annual hardball cattle call packed with rumor-hungry execs, scouts and assorted hangers-on, all looking for the next big deal...

Author: /time Magazine | Title: Baseball Takes a Swing at Its Own Network | 1/1/2009 | See Source »

...activity could have a whole range of consequences. In a study released last year, the United States Geological Survey (USGS) said possible hazards could include hydrothermal explosions, when steam breaks through the surface and forms a crater. That has happened 26 times in the park's 127 years of record-keeping. The USGS discounted chances for cataclysmic eruption of the caldera, noting that the hot, active magma chamber below Yellowstone has turned into "largely crystallized mush." But the same study also said: "Depending on the nature and magnitude of a particular hazardous event and the particular time and season when...

Author: /time Magazine | Title: A Spurt of Quake Activity Raises Fears in Yellowstone | 1/1/2009 | See Source »

...back to office. The Philippines, which staged the region's first People Power movement back in 1986, recently endured a state of emergency. Taiwan, where presidential elections 11 years ago marked the first time ever a Chinese society directly chose its leader, is turning against a new President in record time...

Author: /time Magazine | Title: Asia's Dithering Democracies | 1/1/2009 | See Source »

...toys, German cars and Japanese electronics has dived, container trade has been hit hard as well, with some 200 vessels now lying idle and many more likely to join them when their current contracts are complete. Container traffic between Asia and Europe is shrinking for the first time on record, according to some estimates. Shipping a container from Hong Kong to Rotterdam now costs just a few hundred dollars, down from more than $2,500 in late...

Author: /time Magazine | Title: As the World Economy Sinks, So Does Global Shipping | 12/31/2008 | See Source »

...instead succeeded in alienating the rest of the hemisphere. Congratulations! The Castro regime can say it stood up to a half-century of yanqui aggression while proving that quality universal education and health care are doable. But the price - a basket-case economy and a bleak human-rights record - overshadowed those achievements. ?Felicidades...

Author: /time Magazine | Title: After 50 Years of Castro's Cuba, Will the Cold War End? | 12/30/2008 | See Source »

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