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Social Harmony According to "Social Fabric," India is "simmering" with unrest at government inadequacy [Feb. 22]. India - unlike China - has grown organically, and largely by private enterprise. Hence, money and resources aren't simply accumulated by the government to parcel out as it sees fit. India's slow rise to prominence (again unlike China's state-sanctioned juggernaut) is actually pretty efficient at not radically altering the fabric of society. Neil McEwan, KENT, ENGLAND
...reason for the meltdown is money. Unlike most other motor sports, F1 is as much a battle between engineers as it is a race between drivers. Spurred on by a space-race mentality, F1 teams were research-and-developing themselves into oblivion. "The cost was growing beyond the point where you could have one or two teams," says McLaren's Whitmarsh...
...wind tunnel, for example, costs close to $40 million to construct, not counting the corps of engineers needed to run it. Average annual team budgets had climbed near $300 million and the biggest teams spent $500 million. Sponsorship and prize money rarely brought in half that. "Very few of the teams could actually make any money," says Caroline Reid, who co-authors Formula Money, the authoritative guide to F1's finances. (See a brief history of Formula...
...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 where Singapore is," says Zak Brown, who runs...
...makes a lot of sense as the sport moves away from Europe; those are the markets that American companies want to reach," says Peter Windsor, who is trying to get the new USF1 team off the ground. It also helps explain why YouTube co-founder Chad Hurley is pouring money into F1. Still, much of the sport's mystique rests on its guts-and-glory past. "It's a little frustrating to go to all these places with no sense of F1's history," says Martin Brundle...