The closing ceremonies. Photo: Vincent Laforet for NEWSWEEK

1) Eight for Eight: Nobody doubted that Michael Phelps could win each of the eight races—five individual and three relays—he entered. But could he win all of them in the Olympic hothouse, a feat that required him to swim 17 times over nine long days? Turns out he could—seven of them in world record times. But he needed a miracle relay leg by a teammate in one race and had to survive a photo finish (and Serbian protest) in another. The biggest record—eight gold medals in a single Olympics—should stand forever. Phelps’ total of 14 Olympic gold medals is the most by any athlete in history.

Photo: Mike Powell for NEWSWEEK

3) China’s Gold Rush: It didn’t exactly come as a surprise. China almost caught the United States in gold medals in Athens and had pointed to Beijing as the Games in which they would assert their athletic supremacy. The results of world championships during the years from Athens to Beijing gave fair warning. Still, nobody was quite prepared for the landslide win, as China netted 51 gold medals to America’s 36. The U.S. still topped the charts in total medals (110-100), but with China’s population, the state sports system and unstinting investment, that seems unlikely to hold at the 2012 London Games. What keeps China-U.S. from becoming a great rivalry is that China excels at sports—table tennis, weightlifting, shooting, diving—in which American isn’t very competitive and which evoke little interest in our country. In the one sports, woman’s gymnastics, we do care about, there was plenty of consternation about the result, complaints about favorable “home” judging and allegations that the Chinese cheated with underage gymnasts.

4)Tragedy/Triumph: The tragedy at a popular Beijing tourist attraction was almost unimaginable—an attack by a knife-wielding Chinese man on the in-laws of U.S. men’s volleyball coach Hugh McCutcheon. His father-in-law Todd Bachman was killed and Bachman’s wife, Barbara, seriously injured. The killer committed suicide so it is unlikely there will ever be an explanation for the bizarre crime in a city considered highly safe for tourists. Win it for the coach never had to be said out loud. But while McCutcheon was away from the Olympics with his family (he resumed coaching duties after four games), a U.S. volleyball team that hadn’t won a medal since a bronze in Barcelona back in 1992 caught fire. It went undefeated throughout the tournament, climaxing with a comeback win over defending Olympic champion Brazil. When McCutcheon called his wife back home in the States wand heard her, she exclaimed, “You won, you won!” Then he told reporters, “There was nothing left to say. We were just kind of listening to each other smile into the phone.” We smiled too. Maybe even cried a little.

5) Ballet on Bars and Beams: For a reporter a few stories become more personal. Years ago I became captivated by a 14-year-old gymnast who performed with a lyrical beauty that I had never seen from an American.. For NEWSWEEK’s annual, year-end “Who’s Next” issue, I am responsible for picking one young athlete who will make a splash. In 2006 I picked Liukin. But she was beset by a series of nagging injuries, and an Iowa sparkplug, Shawn Johnson, became America’s new gymnastics darling and the Beijing favorite. The American duo went 1-2 in the all-around in Beijing, but it was Liukin’s balletic performance that landed her on top. Johnson, with three silver medals already in hand, finally won a very happy gold on balance beam. But it was Liukin who went home to Texas with the biggest prize (as well as five Olympic medals).

6) The ‘We’ In American Teams: There has been a sneaking suspicion that American athletes had lost their grasp on the team thing. In recent years, our all-star teams have been humbled by international losses in sports that we dominate: basketball, golf and baseball. But in Beijing, most American teams excelled. Both men’s and women’s basketball, volleyball and water polo teams made it to the gold-medal games, as did the U.S. women’s softball and soccer teams. The U.S. went 4-4 in those finals, but this mother lode of team golds and silvers demonstrated that when they put their minds to it, Americans still know how to play well together.

7) The ‘Redeem Team’: The U.S. men’s basketball team had a lot to make up for--two miserable performances in the last two world championships and a dismal bronze at the Athens Olympics. But Kobe and company proved up to the task, thoroughly dominating the competition until the finals where they met defending world champion Spain. In a game far closer than the final scored indicated, the NBA stars responded to every Spanish challenge—and used their speed advantage and some clutch outside shooting to squeeze out a 118-107 win. They celebrated the gold medal with all the excitement of high-school kids who had won the state championship. Beyond the court, the NBA stars treated the competition with the respect the rest of the world gives it—and were goodwill ambassadors all over the Olympics, cheering on Americans from the women’s basketball team (undefeated gold medalists also) to Michael Phelps.

8) Going Solo: Even with the basketball team’s Olympic revival, there was no better tale of redemption than that of Hope Solo. Solo was the starting goalkeeper for an unbeaten U.S. women’s soccer team in last year’s World Cup when the American coach inexplicably benched her for the semi-final against Brazil. After Brazil thrashed the Yanks, Solo went off on him and, far worse, suggested she would have performed better than her replacement. It was an unconscionable moment by the sisterhood standards of American soccer and Solo was kicked off the team and sent home. But the new coach convinced reluctant team members—“Do you want to win? she asked them—to let Solo return for the Olympic run. Against, of course, Brazil in the finals, Solo was the standout star, shutting out a superior attack until the Americans muster a goal overtime. A jubilant Solo explained afterward that she had broken a new barrier in women’s sports: “we don’t all have to be friends.”

Photo: Donald Miralle for NEWSWEEK

9) China Beach: Just as it has been since beach volleyball was introduced to the Olympics, the rhythm of the beach was decidedly American—from the rock and roll to the Chinese cheerleaders in tiny bikinis. The results went America’s way too. Misty May-Treanor and Kerri Walsh won gold in the pouring rain and extended their astounding unbeaten streak to more than a year. The next day, the sun was shining on Phil Dalhauser and Todd Rogers, who completed the American sweep.

10) Butterfingers: There was, of course, one mortifying exception to all that good American team play: track’s 4X100 relay teams. The U.S. era of sprint dominance is clearly over and the Americans would have been underdogs to Jamaica in the relays anyway. Still, you don’t have a chance if you don’t get the baton around the track. And in the first preliminary heat, both the U.S. teams dropped it before the final leg. It is the third straight Olympics in which the American women have bungled the handling of the baton. If USA basketball can command Kobe Bryant and LeBron James to training camps, then USA Track and Field can force its sprinters to convene and practice their relay skills before each Olympics. It’s either that or more embarrassments on track’s biggest stage.

Leading up to the Games, Beijing's tsars of sport took pains to lowball medals projections in the conservative fashion of its economic planners. In the end the Chinese squad far outstripped its softly stated goal of 40 golds. With 51, China is the first nation to crack the 50 mark since the USSR won 55 in 1988. It's a phenomenal achievement, but what to make of it? The host nation's sweet showing was undercut by bitter controversy over its female gymnasts' ages, the numbing disappointment of its sole track star Liu Xiang, and the perennial critique that Team China is just the latest gargantuan image project - if the Party builds it, the medals will come.

It therefore seemed fitting that China's last couple golds came in the embattled event of boxing. I spent much of the weekend in the circular gallery of the Workers Gymnasium, a musty gem of Soviet-inspired monumentalism. There I saw China's fighters scrap their way on up from a single bronze at Athens to one bronze, one silver and two gold medals in Beijing. One of those two golds, the country's first, was won by the reigning world champ without much of a fight. The other came courtesy of a dark horse with a motivational tattoo of a winged Pegasus on his left arm, not to mention a major boost from the crowd and the benefit of the doubt from the judges. If you think the regurgitated debate over medals rankings is going to be a tough one to ever resolve - given America's historic focus on cumulative medals versus China’s (and many other nations') on gold - try judging the victor of an Olympic boxing bout.

In the light heavyweight final, Zhang Xiaoping outmaneuvered Ireland's Kenny Egan by a tally of 11-7. It was Zhang's second straight upset, and if conventional wisdom in our press section was any indication, the scoring was dubious