Word: capping
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...push to urge conservatives to go to the polls, a move that helped to slightly increase voter turnout but failed to prevent the left's landslide win. Now Sarkozy may have to accept a change of tactics. Says Stéphane Rozès, president of the Paris-based Cap political consultancy: "The question [voters are] asking isn't about whether conservative policies and reform in France is what they want - they're wondering if Sarkozy is capable of applying those [policies] responsibly and effectively." (See pictures of Paris expanding...
...across-the-board budget scrub as "Soviet-style" management. Unfortunately, his criticism of Perry's style was accompanied with a refusal to rule out tax increases - a position the Perry campaign pounced on. Perry pollster Mike Baselice says White's support for taxes, national health care reform and cap-and-trade legislation help define him as a "McGovern liberal...
More Dash Than Cash Last summer, it looked like the sport might cease to exist altogether. Angry at Formula One's decision to impose a team-spending cap, Ferrari, the oldest team on the grid, threatened to lead the biggest marques in a rival series. The teams pulled back at the last minute, but demanded that Max Mosley, the president of the governing Federation Internationale de l'Automobile (FIA), stand down after 17 years. Mosley...
...Mosley's determination to save the sport from itself that led to last summer's crisis. Frustrated by negotiations that went nowhere, Mosley tried to impose a budget cap of $64 million per team. The teams couldn't figure out which they liked less, the cap or Mosley. "Max has an expression: 'Don't wound if you don't intend to kill,'" says Martin Brundle, a former driver who now commentates on F1 for television and manages drivers. "We've all been on the receiving end of that attitude, and it tended to smother all Max's good work...
Toward the end of last season, Mosley and the teams finally compromised on something called a Resource Restriction Agreement that takes effect this season. It isn't a cap, but it clamps down on runaway costs like wind tunnels and in-season testing. The big teams can still outspend their smaller rivals on, say, computer simulations, but just about everything in F1 is downsizing. It's now possible to field a respectable team, if not a winning one, for $100 million a season. New FIA president, former Ferrari manager Jean Todt, has pledged to bring costs down further...