Word: benefits
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...stall the recovery process because everyone is waiting to see what happens. But in the long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from the recovery, so it's spending more. Third, those who experienced a negative shock, either from a layoff or from graduating in a recession, begin to spend again as well; however, they're likely to save less...
...reasons to be allowed on campus. The Harvard campus is an incomparable working environment for many students. In creating the new January break and moving exams to before winter recess, the administration acknowledged this implicitly. Studying for exams during break was both stressful and difficult. There is a psychological benefit to working in a Lamont, your house library, the dining hall, or your Harvard room. They provide the rigorous academic atmosphere that homes and local libraries cannot recreate. For many, it is easier to accomplish more when you are surrounded and encouraged by hundreds of other hardworking peers...
...There may eventually be another benefit, says Lisa Pagan, who runs San Francisco's business improvement districts program. "The hope is that this may help people look at individual storefronts in a more positive way," she says. Translation: get enough art lovers to traipse up and down a certain block and maybe some of them will start thinking about what a great place it would be to rent a storefront for their business...
...holes in Rio's efforts when it hosted the Pan-American Games in 2007. "They didn't do all they said we would do and a lot of what they did do was left to rot after the games ended," she says, adding, "I think the elite will benefit from this more than most." Says Sotero: "The Olympics give us the challenge we need to keep on the right path...
...East London, one of the least developed regions of the city, looks set to benefit in the long term. When the Games are over, the Olympic Village will be converted into nearly 3,000 new homes, more than half of which will be set aside as affordable housing. East London will also have new education facilities, retail and office space and a world-class transport hub. "We're building [all] this with the Games and legacy in mind," says Joanna Manning Cooper, spokeswoman for the London Organizing Committee of the Olympic Games (LOCOG...