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...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 »

...true, Saab's sentiments reflect how many if not most Latin Americans feel about Washington. And that's actually good news for Obama, whose first regional summit, fittingly, will be the Summit of the Americas, to be held in Trinidad in April. (Obama already met with Mexican President Felipe Calderón earlier this week and has said he will make Canada the destination of his first foreign visit as President.) Improving relations with the western hemisphere - as an early item on his diplomatic agenda and not as an afterthought, as most U.S. Presidents approach it - could turn...

Author: /time Magazine | Title: Latin America Looks for a Fresh Start with Obama | 1/18/2009 | See Source »

Televisa has also resisted showing the messages that the cartels write or print on blankets, which are strewn over bridges and hung on public walls as part of their campaign of terrorism. Known as narco mantas (capes), many messages in recent months have accused the administration of President Felipe Calderón of working with the Sinaloa cartel based on Mexico's Pacific Coast. Monterrey is home to the rival Gulf cartel, which is believed to be behind many of these messages...

Author: /time Magazine | Title: Mexico Media on High Alert After Attack on Televisa | 1/15/2009 | See Source »

...little surprise that Batista, who has worked as an antikidnapping instructor and kidnapping-release negotiator all over Mexico, was taken in Coahuila. Just as Mexico's powerful drug cartels have lashed out with an insurgency against President Felipe Calderón's anti-narco offensive - Mexico has had more than 5,000 drug-related murders this year, double last year's record - kidnapping bosses in Coahuila, on the border with Texas, are fighting back against the state government's antiabduction crusade. Batista was a consultant to Enrique Martinez, who was Coahuila's governor from 1999 to 2005, and he greatly...

Author: /time Magazine | Title: In Mexico, a Kidnapping Negotiator Is Kidnapped | 12/18/2008 | See Source »

Traveling in Chile this week, Calderón insisted that his government "is strongly committed to fighting against not only organized crime but the corruption that organized crime generates and that has become entrenched over years and perhaps decades in the structures of power." It would seem that he made good headway this week. But as those years and decades have all too often shown in Mexico, the corruption usually gets generated at a far greater rate than any government can keep up with...

Author: /time Magazine | Title: In Mexico's Drug War, Bad Cops Are a Mounting Problem | 11/22/2008 | See Source »

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