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...keep the cost of running a Formula One team in check, prevent teams from leaving, and to make racing more competitive and exciting, the sport's ruling body has brought in a slew of new rules over the past three years. Key changes...

Author: /time Magazine | Title: The Turbulent Times of Formula One | 3/15/2010 | See Source »

...wind tunnel, for example, costs close to $40 million to construct, not counting the corps of engineers needed to run it. Average annual team budgets had climbed near $300 million and the biggest teams spent $500 million. Sponsorship and prize money rarely brought in half that. "Very few of the teams could actually make any money," says Caroline Reid, who co-authors Formula Money, the authoritative guide to F1's finances. (See a brief history of Formula...

Author: /time Magazine | Title: The Turbulent Times of Formula One | 3/15/2010 | See Source »

...policy skull sessions, and regular meetings with outside advisers and nearly weekly public events were held to promote green energy as a way to create jobs. Some of the heaviest hitters were on the President's Economic Recovery Advisory Board, a committee of corporate leaders and economists whom Obama brought inside the White House to advise on everything from regulatory reform to global warming. Formed during the transition, it included top fundraisers such as Hyatt family scion Penny Pritzker, Obama's Silicon Valley ally Doerr and two ambassadors from Wall Street, UBS's Robert Wolf and private-equity investor Mark...

Author: /time Magazine | Title: How Fundraising Helped Shape Obama's Green Agenda | 3/15/2010 | See Source »

...Harvard women’s hockey team, the season’s first weekend brought a loss to Cornell. And as it turns out, the last did as well...

Author: By James Yu, CONTRIBUTING WRITER | Title: Women's Hockey's Season Ends in NCAA Quarterfinals | 3/14/2010 | See Source »

...incumbents. This is despite the fact that the Democratic establishment has locked arms around its 80-year-old convert. After Specter became a Democrat, he spent the next few months wooing party officials in all 67 Pennsylvania counties and reminding them of all the federal dollars he had brought home over the years. It paid off. The state Democratic committee endorsed him in February with an overwhelming 229-72 vote. "I have been involved in many, many elections but never one quite as thrilling as this one," Specter said as he accepted the party's benediction. "I feel good about...

Author: /time Magazine | Title: The Pennsylvania Senate Race: Specter Under Fire | 3/11/2010 | See Source »

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