If you use time.sleep(1), your loops will run a little over a second since the looping and printing also takes some time. A better way is to sleep for the remainder of the second. You can calculate that by using -time.time()%1
>>> import time
>>> L = [0, 1, 2, 3, 4, 5, 6, 7, 8, 9]
>>> for i in L:
... time.sleep(-time.time()%1)
... print i
...
It's easy to observe this by using print i, repr(time.time())
>>> for i in L:
... time.sleep(-time.time()%1)
... print i, repr(time.time())
...
0 1368580358.000628
1 1368580359.001082
2 1368580360.001083
3 1368580361.001095
4 1368580362.001149
5 1368580363.001085
6 1368580364.001089
7 1368580365.001086
8 1368580366.001086
9 1368580367.001085
vs
>>> for i in L:
... time.sleep(1)
... print i, repr(time.time())
...
0 1368580334.104903
1 1368580335.106048
2 1368580336.106716
3 1368580337.107863
4 1368580338.109007
5 1368580339.110152
6 1368580340.111301
7 1368580341.112447
8 1368580342.113591
9 1368580343.114737
sleepcalls.