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...year's more controversial cases involves two American basketball players who showed up in China wearing the uniforms of the U.S.'s former Cold War rival. Russia may possess oil and nukes, but it is sorely lacking in point guards. In 2004, Vladimir Putin personally authorized the passport granted to J.R. Holden, a journeyman American guard who never made it to the NBA but who has been a catalyst for the Russian national team. But the real sniping began with the "defection" of Becky Hammon, a WNBA star who signed a contract with a Russian club that helped her gain...

Author: /time Magazine | Title: The Year of the Mercenary Athlete | 8/19/2008 | See Source »

...rash of new office developments hit the market. With more than 7 million sq ft (650,000 sq m) of speculative office space coming online in the City this year and next, according to Atisreal, British Land may not be the only developer to take a time out. Rival Land Securities, Britain's largest property firm, will decide next March whether to go ahead with construction of a planned 509 ft (155-m) tower around the corner from Leadenhall Building; it too was originally planned for completion in 2011. "It seems an increasingly large percentage of that pipeline...

Author: /time Magazine | Title: A Renters' Market in London | 8/18/2008 | See Source »

...competition for business in the City weren't fierce enough, the financial quarter has a rival on its own doorstep. Canary Wharf, the financial district that has grown out of abandoned docklands to the east of the City in recent years, is already home to Citigroup, HSBC and Bank of America. And on Aug. 1, JPMorgan ditched plans to build its European headquarters in the City in favor of a development across town in Canary Wharf. (Rivals Goldman Sachs and Merrill Lynch remain in the City, though...

Author: /time Magazine | Title: A Renters' Market in London | 8/18/2008 | See Source »

...crowd screamed as if witnessing a horrific crash. Then joy filled the hall. Because of yet another Emmons error, the host nation's very own Qiu Jian would win the gold medal, with Emmons finishing fourth. In Athens, Emmons also gave China a gift. Because of his gaffe, rival shooter Jia Zhanbo lucked into gold. Give this guy a room for life in the Forbidden City...

Author: /time Magazine | Title: Coping with a Crap Shoot | 8/18/2008 | See Source »

Take Saturday, for example. Prior to the 100-m butterfly event, Bowman thought the race might be close and figured Phelps could use an extra boost. So he passed along a piece of information that was news to Phelps: that his closest rival in the 100-m butterfly, Serbian Milorad Cavic, had told the media that he thought Phelps losing the race would be good for swimming. The Spitz record of seven golds in a single Games is a hallowed one, and one that has stood for 36 years - so it's understandable that some swimmers are loath...

Author: /time Magazine | Title: How Phelps Made Swimming History | 8/17/2008 | See Source »

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