Word: almost
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...that has to be balanced with the danger of runaway costs, which seem almost guaranteed when it comes to the Olympics. Brad Humphreys, professor of the Economics of Gaming at the University of Alberta, keeps count on Olympic budgets. His tally is a tale of excess: Athens budgeted $1.6 billion for the 2004 Games but wound up spending $16 billion. Four years later, Beijing budgeted the same amount, $1.6 billion, for the 2008 Summer Games yet spent an enormous $40 billion. London originally planned to spend $8 billion for the 2012 Games; the current estimate is $19 billion and rising...
...almost like fearmongering,” said Julia K. Seider, a second year student at the Law School...
...parallels extend even to New York’s financial system. Just as Bloomberg goes on a ferocious diet after seeing an unflattering photo of himself, Wall Street has almost completely abstained from giving out loans. Considering the way banks used to court risk-taking businesses clearly unable to repay them, this is a diet of the highest magnitude. Likewise, after getting tied up in highly leveraged purchases of their own homes, American consumers have been forced to get thriftier. History Professor Niall C.D. Ferguson has even warned that New York may go the way of Venice and become just...
...first built on the Green River in western Washington in 1962, the concrete behemoth was hailed as the new protector of the valley below. Until that point, the Green River Valley was regularly inundated during the flood season, which runs from late October through March. "We had an almost annual flood," recalls Governor Christine Gregoire, who grew up in the valley. "Only when I was in high school and they built the Howard Hanson Dam did we see an end to the flooding." Now, should the water rise to dangerous levels, engineers will be forced to release...
...harboring pilfered assets; and stiff sanctions helped convince Libya to disavow terrorism after the 1988 Lockerbie jetliner bombing. But those are generally the exceptions. "Putting a sanction on a country always seems to be an inexpensive way to address the problem," Senator Richard Lugar of Indiana has said. "Unfortunately, almost none of these sanctions have brought about change." That's particularly the case when they?re leveled unilaterally. A 1997 study by the Institute for International Economics found that since 1970, unilateral U.S. sanctions met their stated goals less than 20% of the time, while costing the U.S. at least...