Every few years, countries across the globe compete to host the Olympics. Conventional wisdom tells us that it is a "good" thing to host the Olympics but the "data" suggests otherwise. I was inspired to write this article after reading Ken Rapoza's article, "Brazil's Economy Hasn't Been This Bad Since 1930" in Forbes this weekend. A small voice in the back of my head asked: Isn't Brazil hosting the Olympics soon? If so, shouldn't their economy be booming (or at least doing relatively well) now (...
Every few years, countries across the globe compete to host the Olympics. Conventional wisdom tells us that it is a "good" thing to host the Olympics but the "data" suggests otherwise. I was inspired to write this article after reading Ken Rapoza's article, "Brazil's Economy Hasn't Been This Bad Since 1930" in Forbes this weekend. A small voice in the back of my head asked: Isn't Brazil hosting the Olympics soon? If so, shouldn't their economy be booming (or at least doing relatively well) now (...
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