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The 1976 Montreal Olympics, the 2004 Athens Olympics, the 2014 Sochi Olympics and the Rio Olympics- decades long debt hangovers and costs growing from the $1+ billion in Montreal to $50+ billion in Sochi
08/24/2016
Developing and developed countries alike have seen the cost of the Olympics as a huge burden. Many countries or cities that committed to hosting the Olympic games during boom years were facing economic hard times by the time of the games. Corruption and mismanagement of public funds, overspending and cost overruns added to the problems. Citizens uproar caused cities such as Boston and Oslo to withdraw bids for the Olympics. The Olympics appears to be a costly way to show off a country, and raises questions about better allocation of funds in other directions, especially when upward mobility is a problem for the middle and working class, countries have other infrastructure needs, and neglected basic needs in education, healthcare, public services.
Linked Articles
The 40-year hangover: how the 1976 Olympics nearly broke Montreal
The Guardian 07/06/2016
Rio Games Highlight Problems With the Olympic ModelThe New York Times 08/23/2016
John Bogle of Vanguard Funds and the creation of index funds as a way to build a diversified investor portfolio - a seminal achievement
09/03/2011
An entire generation of Americans benefitted from the low cost index fund as away to build a diversified and less risky investment portfolio. Bogle created the first index fund tracking the S&P 500 in 1976, following the advice and encouragement of is economics professor at Princeton, Paul Samuelson.
Linked Articles
Wall Street Journal 09/03/2011
John Bogle, Vanguard's Founder, Is Too Worried to RestNew York Times 08/11/2012
U.S. shale oil producers confounding Saudi price strategy- (1) 77 U.S. companies acting like tech startups with access to capital markets
03/14/2015
Linked Articles
OPEC’s Problem: There Is No Minister of Shale
Wall Street Journal 06/03/2015
U.S. Producers Ready New Oil WaveWall Street Journal 03/14/2015
Nathan Sharansky says there are limits to how much you can control people through the use of fear and all people everywhere want freedom
02/05/2011
Nathan Sharansky makes the case for democracy. Rice talks about the long arc of history and trusting America's best idea and the principles of 1776, as a guide that will serve us well. Sharansky is a former human rights activist from the former Soviet Union, who worked with Soviet physicist Andrei Sakharov for human rights and democracy before the fall of the Berlin Wall.
Linked Articles
Condoleezza Rice - The future of a democratic Egypt
Washington Post 02/16/2011
Democracy's Tribune on the Arab AwakeningWall Street Journal 02/05/2011
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