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...gets under way March 14 in Bahrain), but it gives you a good idea why F1 is one of the biggest sporting enterprises in the world - part medieval joust, part moon launch. The pennants bearing each team's coat of arms flap jauntily from trucks that house enough computing power to send a man into orbit. This mix of techno-dazzle and hometown pride helps explain why 40,000 fans turned out at Ricardo Tormo to watch a nonrace with no winner...

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

...lifeblood sponsorship almost en masse; track attendance is down; and scandals have tarnished everyone from a world champ to the former head of motor sport itself. Bernie Ecclestone, the septuagenarian who is usually described as F1's principal stakeholder (a description that doesn't come close to encompassing his power) insists that all is now well with the world. "The sport's in better shape than it's ever been," he says coolly to TIME. "The negative things are all ironed out." But others have a more somber, realistic view of the state of F1. "The sport has been damaged...

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

...while his untested Conservative challenger David Cameron has watched a 20-point lead dwindle to as little as two points. With neither of the two main parties on course to win an outright majority, Clegg and his Lib Dems could wake up on May 7 holding the balance of power...

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

...Thaksin Shinawatra. Thaksin was ousted in a 2006 military coup and is living in self-imposed exile rather than serve a two-year prison sentence on a corruption conviction. In late February, the Supreme Court confiscated $1.5 billion of his assets, saying he had enriched himself through abuse of power while Prime Minister. (See photos of Thai prison boxers...

Author: /time Magazine | Title: Calling for New Election, Protesters Swarm Bangkok | 3/14/2010 | See Source »

...Abhisit's Democrat Party came to power in December 2008 after a court dissolved a pro-Thaksin ruling party for electoral fraud, and some lawmakers formerly loyal to Thaksin defected and formed an alliance with the Democrats. Military leaders reportedly played a role in inducing the defection, and that scenario has Thaksin supporters characterizing the government as "unelected." Abhisit and security officials were monitoring the protests from an Army base in Bangkok, which the protesters have said they will surround if he does not resign...

Author: /time Magazine | Title: Calling for New Election, Protesters Swarm Bangkok | 3/14/2010 | See Source »

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