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...almost didn't, when the close finish prompted the Serbian team to file a protest. From above the water, it looked as if Cavic slid to the wall first, while Phelps was still completing his last, chopped stroke to propel himself to the finish. Each time the last seconds of the race replayed on the screen inside the Cube, Serbian athletes and coaches pointed, outraged, at what looked like an obvious first-place win for Cavic. Super slow motion video, however, captured by the official Olympic timing system by Omega, showed without a doubt that Phelps had touched first...

Author: /time Magazine | Title: Phelps' Lucky Seven | 8/16/2008 | See Source »

...expected to pay a $1,600 monthly mortgage when they first refinanced a year ago, but unexpectedly wound up paying more than $2,400 because of a higher interest rate. Savings and 401(k) accounts were depleted. They first learned about the foreclosure assistance center on their city water bill. They now pay about $200 less a month in their mortgage thanks to its refinancing help...

Author: /time Magazine | Title: Local Help for Besieged Homeowners | 8/15/2008 | See Source »

...have faced a terminal crisis. Most of its member states have no enthusiasm for confronting a resurgent Russia in the Caucasus, traditionally a Russian sphere of influence. The Alliance, for one thing, is having enough trouble maintaining 71,000 troops in Afghanistan, where they are managing only to tread water against mounting odds. Other arguments against confrontation: much of Western Europe is wholly dependent on Russian energy supplies, and European negotiators believe there is little chance of a diplomatic solution to the Iran nuclear standoff without committed support from Moscow...

Author: /time Magazine | Title: The Georgia Crisis: A Blow to NATO | 8/15/2008 | See Source »

...Beijing Olympics may boast one of the coolest natatoriums in Olympic history - the luminescent bubble-wrapped confection called the 'Water Cube' - but Chinese swimmers weren't expected to make much of a splash in its pool lanes. But Liu Zige, a 1.81m (5'11") butterfly specialist, had other ideas...

Author: /time Magazine | Title: Redemption for Chinese Swim Team | 8/14/2008 | See Source »

...relay, while Pang Jiaying contributed a bronze in the women's 200m freestyle. And the Chinese may not be done yet, with several key races in the next few days. With seven swimming gold medals as of the afternoon of Aug. 14, America is the undisputed star of the Water Cube. But China is swimming comfortably in its wake...

Author: /time Magazine | Title: Redemption for Chinese Swim Team | 8/14/2008 | See Source »

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