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...Formula One is moving steadily eastward. When it began in 1950, on the bumpy tracks of Monza and Silverstone, the championship was a race between European cars mostly driven by European drivers and watched by European fans. The drivers took their lives in their hands every time they got behind the wheel. Many didn't make it. Jackie Stewart, three-time F1 world champion, used to look back at his house before leaving to drive at Germany's original Nürburgring in case he never saw it again. "The Nürburgring has 187 corners - it's like Afghanistan...

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

...thrives on a velvet-rope mentality that keeps all but a few very high rollers far away from the cars and the drivers. "F1 has gotten extremely constipated and overly grand for itself," says Jackie Stewart. "When I was a wee boy, I went to the track and got [Juan Manuel] Fangio's autograph, I got Stirling Moss's autograph. It's still a fantastic sport, but it needs more of a feel-good factor...

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

Ecclestone, a former driver and team owner, began to exert control over F1 in the late 1970s, when he got a lock on the sale of the sport's TV rights, its most valuable asset. In 2005 he sold most of his stake in Formula One Management to private equity firm CVC Capital Partners. But thanks to a complicated ownership structure, he's still the straw that stirs the drink. Ecclestone alone makes the big TV, sponsorship and track deals that keep F1's cash gushing. He rests his legacy on the numbers, and they are indeed impressive, not least...

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

...affluent supporters in sandals and bicycle clips. In an hour-long town-hall meeting in a key Lib Dem target constituency, he uses the word fair 25 times. "If I hear him say again that a child growing up in one part of [the northern English city] Sheffield has got much better life chances than a child growing up in another part of Sheffield I think I might scream," says Jo Swinson, a Lib Dem MP. "But I realize he's doing it so that everybody else hears it too." Says Clegg: "If you are in this rowdy crowded political...

Author: /time Magazine | Title: Nick Clegg: In the Balance | 3/15/2010 | See Source »

...history named Verlaine, who's doing research on behalf of a mysterious client. Said research takes him to a convent in upstate New York, where he meets Evangeline, a bookish young nun whose chaste habit conceals a passionate heart. Verlaine and Evangeline feel an unspoken connection. She's got the secret coded documents he's looking for. If you know what I mean. And I think...

Author: /time Magazine | Title: Angelology: Wings of Desire | 3/15/2010 | See Source »

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