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...occupies a sleek, 88,000 sq. ft. (8,200 sq m), purpose-built site in Berkshire, a one-hour drive west of London. Xtrac sells its lightweight, high-strength components to the majority of teams competing in Formula One, motor racing's blue-ribbon championship. But the road ahead suddenly seems a lot bumpier. With Formula One teams racing to cut costs amid the economic downturn, Xtrac is selling fewer gearbox parts this year. Cushioned by its interests outside Formula One, Xtrac's future is hardly threatened, but, says technical director Adrian Moore, "any reduction in business makes you concerned...

Author: /time Magazine | Title: Formula One: Behind the Wheels | 3/25/2009 | See Source »

...market is also rallying ahead of two pieces of bad news. One is the unemployment number for March and the other is the GDP figure for the first quarter. If one or both of these is "better than expected" stocks may climb even higher. Over the last six months, these figures have usually been worse than analysts have forecast and there is not much in the way of anecdotal data to support anything other than the fact that figures will keep getting worse. The most important bellwether for economic activity may be the rate of contraction in manufacturing...

Author: /time Magazine | Title: Why the Market Rally Is Like Waiting for Godot | 3/24/2009 | See Source »

...projects. (The solar thermal project goes through the California Energy Commission.) "There are a couple of pretty serious issues that need to be resolved," he says, pointing specifically to the biological resources, water-supply concerns and agricultural protections that have to be evaluated before the county gives the go-ahead to the applicants. How much experience does he or anyone in the county have with these kinds of processes? "Zero," says McKenzie, a 20-year county-planning employee. "These are the two biggest plants in the world ... This county is getting to be one of the first folks to deal...

Author: /time Magazine | Title: Solar Power: Eco-Friendly or Environmental Blight? | 3/24/2009 | See Source »

...increasingly caught in the middle even as it continues its military mission against die-hard insurgents in places like Mosul, mindful of the fast-approaching deadline to withdraw U.S. forces from Iraqi cities by the end of June, ahead of a complete pullout by 2011. "I don't know if I'm a mediator," says Colonel Gary Volesky, brigade commander of the 3rd Heavy Combat Team, 1st Cavalry Division, stationed in Mosul, adding that his mission was to rout out insurgents. Still, Kurdish leaders, including Nechirvan Barzani, Prime Minister of Kurdistan, have said they want the U.S. to stay...

Author: /time Magazine | Title: Arab-Kurd Tensions Could Threaten Iraq's Peace | 3/24/2009 | See Source »

...players tallied points for the Crimson on Sunday. Freshmen Monica Zdrojewski and Shannon Purcell recorded two goals apiece. Junior Kristina Bergquist and freshman Devan Kennifer added scores of their own. And, with 1:32 remaining in the game, freshman Lizzie Abbott netted the crucial goal to put the Crimson ahead of the Seawolves. NO. 1 STANFORD 20, HARVARD 2 Harvard fell to the No. 1 Stanford Cardinal in its first game of a weeklong trip to the West Coast Saturday evening. Stanford held a 12-0 advantage over the Crimson until the third quarter when Harvard responded with two goals...

Author: By Jessica L. Flakne, CONTRIBUTING WRITER | Title: WEB UPDATE: Crimson Splits First Part of West Coast Trip | 3/23/2009 | See Source »

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