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...wants a team to be able to compete on a budget much closer to its share of those rights. That averaged around $40 million for each team this year. In a meeting with the FIA in Geneva last month, teams agreed to a number of measures aimed at reducing expenditure starting in 2009. The cost of engines supplied to independent teams by manufacturers was reduced from around $20 million to $13 million, and teams will save money by changing engines every three races, rather than every two. More talks on lowering the cost of chassis development - which...

Author: /time Magazine | Title: Formula One: Cutting Corners | 11/6/2008 | See Source »

...Closer to home, Massachusetts’s voters banned greyhound racing. In doing so, voters sent a clear condemnation of keeping active dogs in tight wire cages for 20 or more hours a day. They also rejected the notion that a sport propped up by state-sponsored gambling (a 1986 state law granted the racetracks subsidies and tax breaks) can be a bastion of free market liberalism. The vote made Massachusetts the 35th state to no longer participate in a pastime that, with 800 injuries on this state’s tracks alone since...

Author: By Lewis E. Bollard | Title: The Animals’ Election | 11/6/2008 | See Source »

...fairly small guy at 5-foot-eight and 140 pounds. I'm probably closer to five-nine. I'm not actually that short compared to a lot of guys. We have guys that are five-three, five-four, five-five...

Author: /time Magazine | Title: World's Richest Cowboy | 11/6/2008 | See Source »

...That should help minimize the need for review year to year. It will also bring New Hampshire's education framework much closer to what occurs in many high-performing European and Asian nations. "It's about defining what lessons students should master and then teaching to those points," says Marc Tucker, co-chair of the commission and president of the National Center for Education and the Economy in Washington. "Kids at every level will be taking tough courses and working hard...

Author: /time Magazine | Title: Should Kids Be Able to Graduate After 10th Grade? | 11/6/2008 | See Source »

...unprecedented trade and transport agreements. It is the first time that a top Chinese official has come to Taiwan, the island off mainland China that claims autonomy, and China claims as its own. Taiwan's President Ma Ying-jeou, who met with the high-ranking Beijing diplomat, has advocated closer economic ties with China and a more pragmatic approach to its sovereignty dispute...

Author: /time Magazine | Title: China and Taiwan Draw Closer, Amid Protests | 11/6/2008 | See Source »

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