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...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. "Once the Games leave town, there often isn't much to celebrate," says Humphreys, noting that host countries nearly always...
...control, and the luck component - wind to their back or wind to their face. For companies, there are some outliers - some do better or worse for longer - but it's not a large number of companies and we don't understand why. Random processes can explain an enormous amount of what we see in the real world. This idea of a best team, you should always be circumspect about that...
...number of reasons, the endowment got restricted in ways not anticipated when it was signed,” Dominguez said. “What is a fairly huge amount can now be deployed for other uses...
...think the power balance for international graduate students is a little different,” the grad student said. “I don’t think the department acted at all inappropriately, but because she was an international student, the department held an enormous amount of power over her in the sense that they forced her to leave the country immediately...
...March 2008, University President Drew G. Faust traveled to Washington to lobby congress for an increase in funding for bio-medical research. She emphasized the need for a real-dollar increase in the total amount of NIH funding, which is the single largest funding source for Harvard projects. This year, Harvard researchers have secured 16 percent of the 2009 NIH grants...