Word: nones
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...terms of F1 economics, however - and this is especially true for the newest hosts - it doesn't matter if none of F1's race promoters 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...
...None of which means F1 is out of the woods. The audience for the sport may be changing, but the sport's culture has not. Yet it must. F1 is about as likable as a 250-lb. bouncer. It lives in a high-tech bubble and 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...
...None of this bodes well for the U.S. Ratcheting up indiscriminate sanctions will likely close the window for diplomacy, leaving Obama in the same position as Bush placed himself. But Tehran's tendency toward confrontation might lead to the situation spiraling out of control. Military confrontation, which no one in the Obama Administration favors, may become unavoidable...
There is plenty of reason to be concerned that Iraq's leaders haven't yet learned to compromise. None of the five leading political blocs are likely to emerge from the election with enough seats in parliament to form a government on their own - which means Iraqis may have to endure weeks of political wheeling and dealing. Meanwhile, Iraq's undercurrent of violence and sectarianism is resurfacing as the election nears. Dozens of bodies are turning up daily in the morgues of Baghdad and Mosul, including some with their heads cut off, a signature al-Qaeda calling card. Mortar shells...
...Republicans don't want to hand Obama a victory; even before they lost their supermajority, Democrats didn't want to repeat the ugly get-to-60 process that squeezed health care reform through the Senate. Democrats are ideologically inclined to support strict regulations; Republicans, not so much - one reason none of them voted for the reform bill that passed the House last year...