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...then McLaren's fortunes changed. The World Motor Sport Council (WMSC) meeting at the Paris headquarters of the International Automobile Federation (FIA), global motorsport's governing body, on Thursday slapped the team with a record $100 million fine over the possession by McLaren's former chief designer of confidential technical data belonging to fierce rival team Ferrari. McLaren was also stripped of its points in this year's constructors' race, effectively handing that title to Ferrari. Still, things could have been worse: McLaren had faced the possibility of being booted out of the drivers' championship for this year and next...

Author: /time Magazine | Title: A Record Fine for Formula One | 9/13/2007 | See Source »

...Formula One might be a wealthy sport - it brings in more than $4 billion each year and budgets at top teams like McLaren top $400 million - but coughing up for such a bumper fine will be tricky. "It'll come from future R and D, so McLaren may not be competitive for 2008," Stewart suggests. And the drivers' title may get the most attention, but McLaren's engineering suppliers are unlikely to be so forgiving at losing out on the constructors' trophy. The team's engine maker "Mercedes-Benz will be horrified," Stewart says. The constructors' championship is "why they...

Author: /time Magazine | Title: A Record Fine for Formula One | 9/13/2007 | See Source »

...Crushpad's new 30,000-sq.-ft. (2,800 sq m) warehouse headquarters, customer involvement varies. Purple-fingered zealots sort through the grapes, while others sit at home in foreign countries fine-tuning their wine plans on the Web. Using Crushpad's online services and consultations with the staff winemaker, home enologists select grapes from specific vineyards (or provide their own) and are then led through the Crushpad 30, a list of options and decisions about the winemaking process: Duration of skin contact? Natural or cultured yeasts? What type of bottle closure? Customers must commit to at least one barrel...

Author: /time Magazine | Title: The Most Exclusive Vintage Is Your Own | 9/13/2007 | See Source »

...unasked question was so profound that Petraeus, a proud man, chose to answer it anyway. "I believe that my optimism back when I showed those very fine Iraqi forces to Senator Boxer was justified," he said. The good work was undone, though, in 2006, when Shi'ite militias "hijacked" whole units of the Iraqi military. But, he insisted, we are back on the right track now. Petraeus may well be right-or maybe not. The nature of military leadership is congenital optimism; officers are trained to complete the mission, to refuse to countenance the possibility of failure. That focus...

Author: /time Magazine | Title: Hiding Behind the General | 9/12/2007 | See Source »

...article in question, a 14-page story entitled "The Family Firm" (the cover line read "Suharto Inc.,") showed how Suharto and his children built up a fortune estimated at $15 billion in "cash, shares, corporate assets, real estate, jewelry and fine art," amid a climate of corruption, collusion and nepotism...

Author: /time Magazine | Title: TIME Mulls Indonesia Court Ruling | 9/11/2007 | See Source »

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