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Toward the end of last season, Mosley and the teams finally compromised on something called a Resource Restriction Agreement that takes effect this season. It isn't a cap, but it clamps down on runaway costs like wind tunnels and in-season testing. The big teams can still outspend their...

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

Yet despite what they say, few in Washington believe sanctions alone will alter Iran's behavior. They have never worked as well as they might in Iran; rhetoric has only served to raise tensions further. The experience of the Bush Administration shows that the combination of sanctions and rhetoric about...

Author: /time Magazine | Title: Beyond Sanctions: How to Solve the Iranian Riddle | 3/15/2010 | See Source »

A series of suicide bombings hit the Iraqi city of Baqubah, northeast of Baghdad, killing at least 31 people and wounding dozens more. The blasts, which came just days ahead of the country's March 7 parliamentary elections, are the latest in a string of attacks by extremists with links...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

Greece announced additional tax hikes and further salary cuts for government workers on March 3 in the hope of addressing its 13% budget deficit. The measures, estimated to generate $6.6 billion in savings this year, paved the way for assistance from the European Union, which had pressed the country to...

Author: /time Magazine | Title: The World | 3/15/2010 | See Source »

"[Masques] didn't even get interesting when they started fighting," said Toby Lawrence, 10, whose mother had hosted his birthday party at the festival last year. He further noted that while he would rather view these movies than go to school, he would just as soon have watched TV. Other...

Author: /time Magazine | Title: Sundance for Squirts | 3/15/2010 | See Source »

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