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...track. The economic downturn is threatening to decimate high-cost motor sports. For example Formula One, the world's most popular auto-racing circuit, is facing its biggest crisis in 40 years, according to Max Mosley, president of the sport's governing body. He compares F1's status to the global housing and credit bubbles. And since Honda, which had spent about $300 million annually on Formula One, decided to pull out of the sport altogether, F1 has blown a tire. (See pictures of car art by Warhol, Calder and more...

Author: /time Magazine | Title: Daytona Drag: NASCAR Tries to Outrace the Recession | 2/12/2009 | See Source »

Child psychologists - and kindergarten teachers - have long known that when children first show up for school, some of them speak a lot more fluently than others. Psychologists also know that children's socioeconomic status tends to correlate with their language facility. The better off and more educated a child's parents are, the more verbal that child tends to be by school age - and vocabulary skill is a key predictor for success in school. Children from low-income families, who may often start school knowing significantly fewer words than their better-off peers, will struggle for years to make...

Author: /time Magazine | Title: Study: Babies Who Gesture Learn Words Sooner | 2/12/2009 | See Source »

...Responding to criticism that Ticketmaster was approaching monopoly status by the mid-1990s, Rosen told the New York Times his critics were fueled merely by "jealousy and envy." By then, Ticketmaster had already swallowed the company that had previously dominated the market, Ticketron, and was in the process of evolving its business model from selling tickets only over the phone and at retail outlets to the marketing them on the Internet. (Read "Going After Ticketmaster...

Author: /time Magazine | Title: Ticketmaster | 2/11/2009 | See Source »

...surprisingly, Thomsen's "dead man walking" status officially changed late Monday, when the SEC announced that its top cop had decided to call it quits and return to the private sector. Thomsen joined the agency in 1995 and became its enforcement chief...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...Peters repeatedly warned administrators to give no guidance on whether to accept the package, no matter how deeply they suspected that a staffer would be laid off after the early retirement window closed. According to Peters, any guidance suggesting knowledge of future employment status could pose legal problems for the University, because "then the entire program could be seen as involuntary...

Author: By Esther I. Yi, CRIMSON STAFF WRITER | Title: Harvard To Offer Retirement Incentives Next Week | 2/11/2009 | See Source »

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