Word: billioned
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...question is, will they keep coming? Last year, advertisers, fans, teams and media spent $4.6 billion on F1's festival of fossil fuel. Six hundred million people around the world watched some part of the season on television. That's why companies such as Korean electronics conglomerate LG Group are prepared to lay out "several hundred million dollars" to have their logo plastered all over F1, says Andrew Barrett, the company's VP of global sponsorship, who recently inked such a deal. "We were looking for as broad a global reach as we could get with one sport, and nothing...
...rburgring (a new, shorter version has been used since the 1980s) is not on this year's F1 schedule. Yas Island in Abu Dhabi is. The gulf state has spent $1 billion on the new track and $39 billion on the outlandish infrastructure surrounding it, including hotels, golf courses and Ferrari World, billed as the world's largest indoor theme park. Here you can experience the g-forces of an F1 racer firsthand on a roller coaster that reaches speeds of 124m.p.h. (200 km/h). The roller coaster may be more thrilling than the race itself. New tracks like Yas Island...
...still the straw that stirs the drink. Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. He rests his legacy on the numbers, and they are indeed impressive, not least his own. Forbes latest tally puts his personal fortune at $3.7 billion. Ecclestone turns 80 this season, but he isn't going anywhere. "I do what I do and I'll keep doing it as long as I can deliver," he says. "When I can't, I'll hang it up." (See pictures from the Detroit motor show...
...night stays these couriers from the swift completion of their appointed rounds"--doesn't mention Saturday mail delivery. Because that may soon be history. On March 2, Postmaster General John Potter announced that major cuts, including an end to weekend service, would be needed to prevent a projected $238 billion loss over the next decade that is largely a result of fewer letters and packages being sent. It's the first time in USPS history that a lack of mail has been cause for major concern...
...night, mainly rural poor who want the return of former Prime Minister Thaksin Shinawatra. Thaksin was ousted in a 2006 military coup and is living in self-imposed exile rather than serve a two-year prison sentence on a corruption conviction. In late February, the Supreme Court confiscated $1.5 billion of his assets, saying he had enriched himself through abuse of power while Prime Minister. (See photos of Thai prison boxers...