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...years, according to Max Mosley, president of the sport's governing body. He compares F1's status to the global housing and credit bubbles. And since Honda, which had spent about $300 million annually on Formula One, decided to pull out of the sport altogether, F1 has blown a tire. (See pictures of car art by Warhol, Calder and more...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

...like they pulled the rug out from under your life," says Lynn Joseph, a psychologist and author of The Job-Loss Recovery Guide. The offer of understanding, to talk or to listen or to go out to lunch, can be deeply important to someone "whose self-image has been blown," says Joseph...

Author: /time Magazine | Title: After Layoffs, There's Survivor's Guilt | 2/1/2009 | See Source »

...always a warm bath of mutual admiration when the U.S. Senate welcomes back one of its former members for a hearing. But when former Vice President (and Senator) Al Gore showed up today to testify at the Senate Foreign Relations Committee, the event was a full-blown lovefest. New Senate Foreign Relations Committee chairman John Kerry expressed his deep respect for Gore's post-Senate career and noted in an aside, "It's well-known that we have a certain political experience in common." (Hint: it doesn't involve winning.) Christopher Dodd hailed Gore as having been for years...

Author: /time Magazine | Title: Gore in the Senate: A More Receptive Audience Now | 1/28/2009 | See Source »

...populations. The explosions would set off massive fires, which would produce plumes of black smoke. The sun would heat the smoke and lift it into the stratosphere - that's the layer above the troposphere, where we live - where there is no rain to clear it out. It would be blown across the globe and block the sun. The effect would not be a nuclear winter, but it would be colder than the little ice age [in the 17th and 18th centuries] and the change would happen very rapidly - over the course of a few weeks...

Author: /time Magazine | Title: Regional Nuclear War and the Environment | 1/22/2009 | See Source »

That's no longer the case. American-style capitalism no longer looks as dominant now that Wall Street has blown up. The financial meltdown also means that for the foreseeable future, the U.S. and its European allies will have less money to offer countries they want to influence. There's a lot in Obama's history and rhetoric to suggest he'd love a Marshall Plan--style effort to fight poverty and terrorism in failing states like Pakistan and Yemen. But finding the money is going to be much harder today than it was a few years back. And putting...

Author: /time Magazine | Title: The Solvency Doctrine | 1/21/2009 | See Source »

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