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...might feature more of the marquee events like sprints, he won't make any decisions about that until he comes back from a long vacation. "When we train every day, and sometimes we do sets or workouts we don't like, Bob says it's putting money in the bank, and at the end of the year we'll be able to withdraw," said Phelps. "I guess we put a lot of money in the bank over the last four years, and we withdrew pretty much every penny. So after Bob and I both take a little break...

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

Four months ago, the city of West Palm Beach opened its foreclosure assistance center, a one-stop shop where staffers assist besieged homeowners by calling lenders, renegotiating loans and arranging for short-sales - that is, the bank-approved sale of a house at a price below its outstanding mortgage. The center will even help cover late mortgage payments up to $10,000. Since April, the center has received more than 5,000 phone calls or visits for help; so far, 171 homes have been saved from foreclosure, and others have received various forms of help. The county is desperate...

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

...lights come on across the Brisbane River. Then head to Azafran, tel: (61-7) 3892 1776, on the edge of the CBD, for modern Australian cuisine with a Turkish twist. It's a very intimate dining experience in an old colonial Queenslander house. Next, go to the South Bank for a stroll along the boardwalk, where you have a great view of the city. Stop and have a drink at the Greystone Bar, tel: (61-7) 3846 6990. If I was going to kick on, I'd put on my flat shoes and head for Uber in West...

Author: /time Magazine | Title: One Night in Brisbane | 8/14/2008 | See Source »

...other French arrival to have really piqued the curiosity of London's gourmands is former Alain Ducasse protégé Hélène Darroze, whose two-Michelin-star restaurant on Paris' Left Bank has a formidable following. Darroze has taken up the pivotal role of executive chef of the reborn Connaught, www.the-connaught.co.uk, coming up with a menu that offers elegant reworkings of rustic dishes from the Landes region of her upbringing. Don't miss her caviar in black jelly and oyster tartare with a velouté of haricot beans...

Author: /time Magazine | Title: The French Correction | 8/14/2008 | See Source »

...must be made to understand that it is in danger of becoming ostracized internationally. This should be a matter of considerable concern to Russia's new business élite, who are increasingly vulnerable to global financial pressure. Russia's powerful oligarchs have hundreds of billions of dollars in Western bank accounts. They would stand to lose a great deal in the event of a Cold War-style standoff that could conceivably result, at some stage, in the West's freezing of such holdings...

Author: /time Magazine | Title: Staring Down the Russians | 8/14/2008 | See Source »

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