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...could well smash the transfer-spending record this close season. English Premier League teams - which, according to Deloitte, spent $280 million on new players during the January transfer window, more than the amount spent in any of Europe's next four biggest leagues - are again in the mood to shop. The benevolence of billionaires helps. London club Chelsea, bankrolled by Russian oligarch Roman Abramovich, reportedly bid $74 million on June 9 for Atletico Madrid striker Sergio Aguero. Manchester City, owned by Sheik Mansour bin Zayed al-Nahyan, a member of Abu Dhabi's royal family, is also keen to strengthen...

Author: /time Magazine | Title: Recession? Spanish Club Pays $130M for Ronaldo | 6/11/2009 | See Source »

...That convenience includes never having to go to the gas station, fewer trips to the auto repair shop since an EV is mechanically simpler, and the "feel good" factor of not polluting the air. But will consumers decide that's enough to make the switch...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

Three weeks ago, for instance, while regular surf shops around the country were struggling to stay afloat, Brewer's store sold 16 boards - which start at about $1,500 - in one day. "If I had opened a surf shop eight months ago, we would have been out of business right now, no doubt," he says. Instead, Brewer, who also works as a distributor, fields calls for paddleboards from kayak and surf shops all over the country. "They know that's the only thing they can sell right now," says Brewer, who compares the sport's skyrocketing trajectory to snowboarding, which...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

Since then, it's attracted everyone from the "little old lady to the hardcore guys," says Brewer, and become the new favorite sport of celebrities - Julia Roberts recently bought a board at Brewer's shop, joining the paddling ranks of Kate Hudson, Jennifer Aniston, Matthew McConaughey and Lance Armstrong, among others. It's already spawned new manufacturing: the SUP boards are specially designed, longer and wider than traditional boards. Meanwhile, multiple SUP magazines are now being published, races and wave-riding contests are popping up every month, and, as with any new-wave trend, a whole slew of entrepreneurs...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

...Chambers would sell two or three boards out of his garage each month. Today, after his business grew 900% between 2007 and 2008, the boards are shipped by the container load. Chambers sells about 1,000 per month, including more than 150 a month out of his central Oahu shop. Chambers, who lost 40 lbs from stand-up paddle surfing, says, "We can't expand fast enough. We can't even supply everybody." (See pictures of a preppy summer vacation at LIFE.com...

Author: /time Magazine | Title: What's SUP? A Surf Sport That Needs No Ocean | 6/8/2009 | See Source »

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