Word: annual
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...circus had come to town for its annual preseason trials. It was only a test session (racing 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...
...wind tunnel, for example, costs close to $40 million to construct, not counting the corps of engineers needed to run it. Average annual team budgets had climbed near $300 million and the biggest teams spent $500 million. Sponsorship and prize money rarely brought in half that. "Very few of the teams could actually make any money," says Caroline Reid, who co-authors Formula Money, the authoritative guide to F1's finances. (See a brief history of Formula...
...June 2005 I attended an annual whale-tasting event held by the Japanese Whaling Association at the national legislature in Tokyo. Restaurants from around Japan served their best cetacean recipes - whale sushi, whale sashimi, whale on crackers, canned whale, whale with Osaka noodles - to black-suited Japanese legislators, who grazed from one table to the next...
...been decades since Japan could be described as impoverished, and a 2008 survey found that 95% of Japanese either eat whale meat very rarely or not at all. The fishing company that owns Japan's whaling ships estimated that annual per capita consumption from its catch might amount to less than four slices of sashimi a year. If Japanese whaling - which is allowed under the international ban only on a very small scale, as "scientific research" - ended tomorrow, your average salaryman in Osaka would barely notice...
...year. Yudhoyono announced during his visit that people-smuggling would now be punishable with a five-year sentence in Indonesia, and a new agreement to combat the practice was signed. The two leaders also announced increased collaboration in other areas, including fighting terror and transnational crime, and will hold annual meetings between MP's to maintain relations. The two countries made no leeway on a free trade agreement, which was discussed during Yudhoyono's visit...