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...third, never underestimate the shamelessness of the owners. Tom Hicks, A-Rod's employer in 2003, said he felt "betrayed and deceived." Like Claude Rains in Casablanca, the lords of baseball are shocked, shocked by the lucrative corruption right before their eyes. Where did they think all those crowd-pleasing homers were coming from...

Author: /time Magazine | Title: The Moment | 2/12/2009 | See Source »

Gates' final target is on land. The Army is getting $160 billion to outfit a third of its force with a complex network of electronically linked vehicles, beginning in 2015. This supposedly synchronized web of vehicles is called the Future Combat Systems (FCS) and would include tanks, troop carriers and unmanned aircraft ostensibly knit together in a computerized cavalry. The Army likes to argue that the FCS is a transformational approach to fighting wars, in part because it is giving up a lot of armor in favor of some 95 million lines of computer code designed to detect and avoid...

Author: /time Magazine | Title: Can Robert Gates Tame the Pentagon? | 2/12/2009 | See Source »

...hotel. I was expecting to join an enormous gathering of the greatest comedy writers in the world, who would mock me with cutting barbs about my relative youth and handsomeness. Instead, there were three dudes eating Gummi Bears from the minibar. Two of them weren't even Jewish. The third was a 27-year-old who makes Web videos and got the job when he was pitching a movie idea to Jackman's company--an idea it turned down. The Emmys, I'm guessing, is written by two interns in Bangalore...

Author: /time Magazine | Title: I Wrote the Oscars! | 2/12/2009 | See Source »

...period. In many cases, this is in the best economic interest of the mortgage holder, since up to half of a house's value can be lost in foreclosure. And yet often--especially when the loan has been chopped up and dispersed to investors around the globe with a third-party servicer in charge of collecting payments--that's not happening. "Servicers don't have the right incentives," says Christopher Mayer, professor of real estate at Columbia University's Business School. Cutting them a check in return for a modification of the loan, or trumpeting their legal authority...

Author: /time Magazine | Title: How to Fix the Housing Market | 2/12/2009 | See Source »

...wrestling, compiling a 165-121-5 record, including the standing record for wins in a season with 17 in 1981. The coach also guided 27 EIWA place winners and 14 NCAA qualifiers, as well a remarkable team effort, placing 19th at the 1983 NCAA championships. This campaign marked the third-best finish ever for a Crimson squad. Lee not only orchestrated stellar seasons, but also demonstrated sustained brilliance, leading Harvard to ten winning seasons and four second place finishes in the Ivy League. The long-time Crimson coach also continued the precedent for stability within Harvard wrestling. Following Pickett?...

Author: By Crimson Sports Staff | Title: SPORTS BRIEF: Former Harvard Coach and Wrestling Legend John H. Lee Passes Away | 2/11/2009 | See Source »

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