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...rickety it remains. At times over the past few years, Formula One has looked as ungovernable as California: big teams quit, and more threatened to do so; the financial industry canceled its 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...

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

...bumpy tracks of Monza and Silverstone, the championship was a race between European cars mostly driven by European drivers and watched by European fans. The drivers took their lives in their hands every time they got behind the wheel. Many didn't make it. Jackie Stewart, three-time F1 world champion, used to look back at his house before leaving to drive at Germany's original Nürburgring in case he never saw it again. "The Nürburgring has 187 corners - it's like Afghanistan," says Stewart. (Read: "Formula One: Behind the Wheels...

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

...shorter version has been used since the 1980s) is not on this year's F1 schedule. Yas Island in Abu Dhabi is. The gulf state has spent $1 billion on the new track and $39 billion on the outlandish infrastructure surrounding it, including hotels, golf courses and Ferrari World, billed as the world's largest indoor theme park. Here you can experience the g-forces of an F1 racer firsthand on a roller coaster that reaches speeds of 124m.p.h. (200 km/h). The roller coaster may be more thrilling than the race itself. New tracks like Yas Island are a soccer...

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

...this Clegg's fervent allegiance to a liberal movement that hasn't led a government since World War I and you have some idea of how distant the gates of Downing Street might appear. Yet Britain's battered Prime Minister Gordon Brown is rallying support, 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 »

...1930s Russia - a riddle wrapped in a mystery inside an enigma. The Iranians haven't stumbled upon this mystifying state coincidentally, and the enigma isn't the result of outsiders' failure to try to understand them. Rather, the Iranian government has a deliberate policy aimed at confusing the outside world about its goals and decision-making processes. "There is an intention out there to confuse," a noted Iranian professor told me in Tehran a few years ago. The rulers in Tehran think that opacity and the perception of unpredictability buy them security...

Author: /time Magazine | Title: Beyond Sanctions: How to Solve the Iranian Riddle | 3/15/2010 | See Source »

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