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Nevertheless winning the Games is a huge boost for Rio. The decision promises to transform a city that has fallen into disrepair and has been looking for a purpose since losing its capital city status in 1960 to the modernist built-to-order jungle metropolis of Brasilia. The massive investment will rejuvenate it. In fact, organizers and government administrators believe that every Brazilian real spent on the Games will generate three in profit...

Author: /time Magazine | Title: Rio Wins the 2016 Olympics: Now For the Hard Part | 10/2/2009 | See Source »

...going back to humanity's first civilizations. Ancient Mesopotamian kings lined their cities and citadels with friezes depicting glorious conquests - often using the common visual theme of a giant potentate in front of his army, literally stomping on the heads of his foes. The effect was to boost a monarch's prestige and cement his political authority. Through the sacred Gate of Ishtar in Babylon, returning warrior kings would march into the city down a passage flanked by 60 giant lion statues on either side, with murals of the gods smiling upon them...

Author: /time Magazine | Title: Military Parades | 10/1/2009 | See Source »

...sheet for the money they are prepaying, the FDIC has to book a liability for the money that it has received from the banks but is not actually entitled to yet. That liability will lower the balance of the FDIC's fund by the same amount that it is boosted by the prepayment. That means, at least on the books, the net effect of the prepayment for the FDIC fund will be nada. So even with the $45 billion coming to it, the FDIC will look broke, and probably stay that way until sometime in late 2012. And that raises...

Author: /time Magazine | Title: Can an Accounting Trick Rescue the FDIC? | 9/30/2009 | See Source »

...saying don't cut. But at some point, you hit a tipping point, and it becomes dangerous to the future of our state," Granholm said. (See how boosting Detroit's graduation rates will boost its economy...

Author: /time Magazine | Title: Michigan and Granholm Face a Budget Deadline | 9/30/2009 | See Source »

...then there's smuggling. Ahmadinejad could - perhaps easily - boost his gas supplies by cracking down on rampant smuggling. About 10.6 million gal. (40 million L) of gas are smuggled out of the country daily to neighboring countries like Azerbaijan, Afghanistan and Turkey, where it is sold at higher prices, according to Iranian officials. "In some border regions, smugglers are using underground pipelines up to the frontiers," the ministry's director of economic affairs, Mohammed Reza Farzin, told an Iranian newspaper last week, explaining the difficulties of stopping the smuggling networks. (Read "Power to Chaos - Tracking Iran's Four-Month Slide...

Author: /time Magazine | Title: How Badly Would Sanctions on Gas Imports Hurt Iran? | 9/30/2009 | See Source »

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