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Welcome to Money Diaries where we are tackling the ever-present taboo that is money. We’re asking real people how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

A running joke, visible in front of the cameras, is playing out between Max Verstappen and Fernando Alonso this season. After Verstappen only qualified ninth for Sunday’s Miami Grand Prix, second-placed Alonso predicted – in a routine which would be laughable if it wasn’t so accurate – that the Red Bull would slingshot past him by lap 25. In similar circumstances three races back in Saudi Arabia, wily double world champion Alonso was near-enough spot-on with the same prophecy. Except this time, it didn’t take Verstappen that long. By lap 15, Verstappen had overtaken seven sitting ducks to reach the rear of team-mate Sergio Perez. Eking out the maximum performance in his set of hard tyres, the Dutchman was in prime position to overtake Perez by the time he pitted for mediums on lap 46. Two rounds of the circuit later, Verstappen stormed clear of Perez’s valiant defence to take a statement victory. That, plus the fastest lap, handed the championship leader a perfect 26-point day. His gap to Perez is now 14 points. Aston Martin’s Alonso, in third, is 44 points behind Verstappen – the closest challenger outside the Red Bull behemoth. But it is the Constructors’ Standings which really tells the tale of this one-sided bloodbath right now. Red Bull, on 224 points out of a possible 235, are 122 points ahead of Aston Martin, a surprise success story. Mercedes and Ferrari – giants of Formula 1, the supposed title challengers – are 128 and 146 points behind Red Bull respectively. We have had just five grand prix weekends. Five. Christian Horner, gleaming under the Florida sun after a fourth Red Bull one-two in five races, simply could not help himself: “We’ve never, ever had a start like this. We’re wondering: where are the others? We’ve made a normal step over the winter. “Where did Ferrari and Mercedes go?” The gap between the RB19 and the rest is truly staggering. Excluding the Australian Grand Prix which concluded under the safety car, the amassed gap between the RB19 and the next-best car is over 1 minute and 45 seconds. 106.8 seconds, to be precise, in just four grand prix. In Miami, the gap was 26.3 seconds, still less than the 38.6 second Red Bull advantage at the season-opener in Bahrain. RED BULL’S ADVANTAGE OVER THE NEXT-BEST CAR Bahrain: 36.6 seconds Saudi Arabia: 20.7 seconds Australia: 0.1 seconds Azerbaijan: 21.2 seconds Miami: 26.3 seconds In short, Mercedes and Ferrari have never been further away from the front in the hybrid era. Last year, in what proved to be a season of double world championship glory for Red Bull, Charles Leclerc was at least winning races and challenging at the start of the campaign. By the end of 2022, Mercedes seemed to have, finally, unlocked their unique package with a one-two finish in Brazil. Yet on Sunday, Leclerc was grappling with Haas’ and Alpines in the midfield on his way to seventh. Lewis Hamilton – who only qualified 13th-fastest – had to make a late surge to leap up to P6. Perhaps the most amusing moment in the closing laps was George Russell, in a state of bewildered shock running in fourth, asking his engineer: “Who is the car ahead of Fernando on track? We’re that close to Perez?!” A simple response squashed any hope. It was simply a lapped car. “No, sorry. It’s Sargeant on track.” Ever since admitting to needing to rip up their current car philosophy in Bahrain, Mercedes boss Toto Wolff has referred to the next race in Imola as a potential season benchmark, with a new upgrade highly-anticipated. Yet while Hamilton insisted he needs a “one-second upgrade”, Wolff downplayed expectations. “I don’t think we’ll get there and suddenly we’re half a second faster and in the middle of a fight,” he remarked, after a weekend in Miami when he also described the W14 car as a “nasty piece of work” and “poisonous.” Ferrari, meanwhile, do have a car capable of challenging on a Saturday, as Leclerc showed in the last race in Baku with two pole positions. Yet the contrast to raceday – a reminder to the Scuderia: when the points are won – is perplexing to all those in scarlet red. “Once again today, the significant difference between the SF-23’s performance level in qualifying and the race was clear to see,” a baffled Fred Vasseur, team principal, said. Two weeks’ time in Imola will see Ferrari’s famed legion of fans, the tifosi, turn up in their thousands. What Ferrari greets them, however, remains to be seen. Upgrades are coming for both. Mercedes – and the wider F1 fanbase, truth be told – are pinning their season hopes on this upcoming renovation. Ferrari have new parts coming too, amid a scratching of heads in Maranello. Horner did point out that Red Bull’s penalty for breaking the 2021 cost cap will affect them as the season progresses. Even more reason, he says, to get “fresh air” between Red Bull and the chasing pack right now. But he need not worry. The gap already looks near-insurmountable with 18 races to go. The title fight looks likely to be played out between his men – and even then with a now-undisputed favourite. Keep those fingers and toes crossed for Imola. Maybe the upgrades can miraculously narrow the top-tier playing field. The competitiveness of this season may just hinge on it. Read More ‘Nasty piece of work’: Lewis Hamilton’s Mercedes slammed by Toto Wolff Max Verstappen claims Miami boos are due to his success: ‘They don’t like who wins’ Max Verstappen sends chilling message to rivals after Miami win: ‘I always feel unbeatable’ George Russell takes aim at ‘distracting’ razzmatazz before Miami Grand Prix Lewis Hamilton would be taking gamble by leaving Mercedes, says former rival

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Lewis Hamilton’s Mercedes was criticised by Toto Wolff as being “a nasty piece of work” after the British driver qualified only 13th for the Miami Grand Prix. As Sergio Perez took a surprise pole position – with Charles Leclerc’s late crash resulting in a red flag to leave Max Verstappen ninth on the grid – Hamilton endured another sobering evening in his unruly machine. COMMENT: Where are Mercedes and Ferrari? Frankly, you don’t want to hear the answer Fernando Alonso joins Perez on the front row following another impressive display by the evergreen Spaniard, with Ferrari’s Carlos Sainz third. Kevin Magnussen qualified fourth for Haas ahead of Alpine’s Pierre Gasly and Hamilton’s team-mate George Russell. Leclerc, who broke his rear wing in the accident at Turn 7, qualified seventh. On Friday, Hamilton described the performance of his lacklustre Mercedes as “a kick in the guts”, and his mood will only have worsened after he was eliminated from Q2, an eye-watering 1.1 seconds off the pace, and two-tenths down on Russell. He returned to the pits shaking his head and took aim at Mercedes for leaving him with too much to do by not releasing him early enough for his final attempt in Q2. “We left that way too late, guys,” he said over the radio. Hamilton now trails team-mate Russell 4-1 in qualifying after the opening five rounds. “There is not a lot to say to Lewis because the car is simply not fast enough,” said Mercedes team principal Wolff. “Putting him in a situation on his out lap where the driver is not able to prepare his tyres makes it even worse. “We are not trying to make mistakes. We are trying to give the drivers the best position on the track, and we have in the past got it wrong many times, and also got it right many times. But if things go badly, they compound the situation. “I take no enjoyment from finishing sixth (with Russell) and it is the lack of comprehension of what is wrong that makes this car such a nasty piece of work. “The car is not a good car. There are problems everywhere, with the base performance of the car and the lack of understanding of the car. The performance is just really bad. It is not acceptable.” Hamilton, already 45 points behind championship leader Verstappen, started Saturday’s running on the backfoot following a near-miss with Haas driver Kevin Magnussen. The 38-year-old was on his first speedy lap of the afternoon when he was blocked by the Dane under braking at Turn 17. Hamilton was forced to take evasive action, brushing the barriers in the process. “Check the front wing”, said the Mercedes driver, who swiftly dived into the pits for repairs. “I just hit the wall.” Commenting on his lowly grid slot for Sunday’s 57-lap race, Hamilton said: “We knew it would be very hard and there was a 50:50 chance we could get into Q3 so we needed to be better with our timing. “But it’s done. I’ll try and get my head down tomorrow and see what I can do – 13th to God knows where.” Verstappen looked set to secure pole after dominating practice, but he made a mistake in his first run in Q3. Then, with less than two minutes remaining, Leclerc lost control of his Ferrari and thudded into the wall. The session was red-flagged and did not restart, leaving Verstappen, who leads Perez by just six points in the standings, in the midfield. “F*** sake,” said the Dutchman over the radio after he was unable to complete his final lap. For Perez, his pole comes a week after winning in Azerbaijan, and provides him with the chance to assume control of the world championship. “It has been a bad weekend,” said the Mexican, who had struggled to get up to speed in his Red Bull before qualifying. “But we made a small change and everything came alive. Tomorrow is an opportunity starting from pole and we will go out there and enjoy this amazing crowd.” Read More ‘They don’t like who wins’: Max Verstappen claims Miami boos are due to his success ‘I always feel unbeatable’: Max Verstappen sends chilling message to title rivals Max Verstappen ignores boos from crowd to storm to Miami Grand Prix win F1 highlights: How to watch Miami GP race online Lewis Hamilton would be taking gamble by joining Ferrari, says former rival Sergio Perez on pole for Miami Grand Prix after Charles Leclerc crash in qualifying

BUENA PARK, Calif.--(BUSINESS WIRE)--May 8, 2023--

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By David Shepardson and Nandita Bose WASHINGTON U.S. President Joe Biden's administration said Monday it is writing new