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...smaller teams that might benefit, using a single engine supplier is probably a step too far. Horner of Red Bull, owned by the energy-drinks company, says racing with a standardized engine might be "no bad thing" for a team like his. But he says it's not worth risking the loss of the sport's biggest names: "Formula One needs the balance of independent teams and manufacturers and most certainly [needs] Ferrari involved in the sport...

Author: /time Magazine | Title: Formula One: Cutting Corners | 11/6/2008 | See Source »

...been taking such analyses very seriously. The spike in film production spending—an increase from six million dollars in 2005 to nearly 400 million dollars in 2007—has the Office scrambling to meet the needs of film producers, an effort that they believe will be worth the extra attention if the initiative succeeds...

Author: By Beryl C.D. Lipton, CRIMSON STAFF WRITER | Title: Projected Benefits | 11/6/2008 | See Source »

...financial-services sector acted in the run-up to the crisis. Taking on risk from instruments like credit-default swaps and collateralized debt obligations (CDOs) was treated as a profit center, often with little oversight of the mathematical models that spit out numbers about what it was all worth. The models proved spectacularly wrong because they precluded the possibility of an outsize event. Once big shocks, like declining home prices, started hitting, the models broke down. According to a report by a group of U.S. and international regulators, while some firms tried to understand what would happen to their models...

Author: /time Magazine | Title: Reassessing Risk | 11/5/2008 | See Source »

Nobody is calling it a bust--not yet, anyway. Small to midsize builders like Ahmed are still operating, and 70,000 visitors attended Dubai's Cityscape property show recently, where projects worth some $180 billion were announced. Yet Dubai is vulnerable. As the gulf's business, transportation and tourism hub, it is more entwined with the global economy than many of its neighbors. And Dubai never enjoyed the profits from oil and natural gas that enabled sister emirate Abu Dhabi to amass a vast financial cushion...

Author: /time Magazine | Title: Doubting Dubai | 11/5/2008 | See Source »

...makes it easier for them to renegotiate a national unity government with President Mahmoud Abbas, whose Fatah movement controls the West Bank. Also, with a new Administration on its way into the White House, Hamas may want to make the case that it is a responsible player worth engaging, rather than simply shunning as a terrorist organization as the Bush Administration has done...

Author: /time Magazine | Title: Will Israel-Hamas Clash Threaten the Truce? | 11/5/2008 | See Source »

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