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...financial industry canceled its lifeblood sponsorship almost en masse; track attendance is down; and scandals have tarnished everyone from a world champ to the former head of motor sport itself. Bernie Ecclestone, the septuagenarian who is usually described as F1's principal stakeholder (a description that doesn't come close to encompassing his power) insists that all is now well with the world. "The sport's in better shape than it's ever been," he says coolly to TIME. "The negative things are all ironed out." But others have a more somber, realistic view of the state...
...little bleary it's probably because he's been woken by his young sons or risen early to take his wife, a high-powered attorney, to the airport. His liberalism is the kind that prizes civil liberties and equality of opportunity, and repudiates vested interests, even when they come in the shape of venerable institutions. That includes his determination to overhaul Britain's "19th century, very male, very uncontemporary" political system. (See pictures of 20th Century Britain...
...TIME's photo-essay "Kids' Books Come to Life...
...White House and Doerr say they see nothing improper about a campaign donor with direct industry interests helping draft policy for the White House. "The industry people are there as representatives of their industry," explains White House economist Austan Goolsbee, who advises the PERAB. "They are supposed to come and say, 'Here are what the concerns are,' or 'Here are what the interests are for whatever industry, [including] the venture-capital industry, about this...
...perils. That's why Iraqis will be watching their elections closely: not just to see the results but also to gauge whether their leadership class can accept the outcome of the vote and move forward peacefully. That will not be easy. "It's hard teaching people who have come out of a dictatorship to negotiate with each other," says the U.S. NGO worker. "In a dictatorship, all they know is win-lose. It takes time for them to learn that in a democracy you can have win-win compromises...