Word: million
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Dates: during 2010-2019
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...teams aren't the only ones who can't make ends meet. The promoters behind F1's 19 races have seen their fees for hosting an event double to almost $30 million in the past five years - $45 million for newer races in Abu Dhabi, Singapore and Korea. As a result, they've jacked up prices for the best seats over a race weekend to an average of $722, a rise of 50% from three years ago. Average three-day attendance fell from 187,724 in 2008 to 161, 613 in 2009. "In Bahrain, all you could...
...comes close to covering costs. The shortfall is increasingly paid for by governments who view television coverage as a giant TV commercial for their city or country. Singapore hosts a spectacular nighttime race on city streets beneath twinkling lights. In 2008, its first year, the race took in $51 million, but cost $100 million, according to Formula Money. That's O.K. with Singapore. The government kicked in $60 million, leaving the local promoter with a tidy profit. "Singapore wasn't really on the map, and then they run this F1 night race, show it on TV and suddenly everyone knows...
JOHN HOLMES, the U.N. undersecretary general for humanitarian affairs, decrying the suffering of 1.5 million Palestinians caused by an Israeli blockade...
...With 270 million Americans and 4 billion people around the world using cell phones - and more signing up every day - a strong link between mobiles and cancer could have major public-health implications. As cell phones make and take calls, they emit low-level radio-frequency (RF) radiation. Stronger than FM radio signals, these RF waves are still a billionth the intensity of known carcinogenic radiation like X-rays. (See pictures from an X-ray studio...
...global warming. Formed during the transition, it included top fundraisers such as Hyatt family scion Penny Pritzker, Obama's Silicon Valley ally Doerr and two ambassadors from Wall Street, UBS's Robert Wolf and private-equity investor Mark Gallogly. This foursome and their spouses had collectively given roughly $2.4 million to Democrats since 2000. Doerr's venture-capital firm, Kleiner Perkins Caufield & Byers, made more than $1 million in donations to Democrats since 2005, and Ellen Pao, one of Doerr's clean-energy partners at Kleiner Perkins, gave $50,000 to Obama's Inauguration committee, according to the Center...