Word: downturned
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Even in the best of times, staging an Olympic Games is an extraordinary feat. Hosting thousands of athletes and millions of spectators takes billions of dollars in investment to pull off. But with public and private funding under heavy strain in the global downturn, it's hardly the ideal time to be putting on a show. China lavished some $40 billion on last year's Beijing Games. These days "we are in a mode for lean games," IOC president Jacques Rogge said in December. (See pictures of the Beijing Olympics...
...billion contingency fund included in the inflated budget. So too will the $682 million in extra public money needed for the media center and Olympic village - home to some 17,000 athletes during the Games, before turning into 3,000 apartments following them - after private investors spooked by the downturn backed away from the projects...
...cities still in the running for the 2016 Summer Games - Chicago, Rio de Janeiro, Madrid and Tokyo will hand their final submissions to the IOC this week - are also wary of the downturn. Chicago's plan for the Games rests almost entirely on contributions from businesses, foundations and individuals. "The private funding initiatives on behalf of the general public [are] a well-established precedent in Chicago," says Patrick Ryan, chairman and CEO of Chicago 2016. Ryan remains optimistic that Chicago can raise enough money should it win the Games, not least because Chicago's proposed athletes' village would be located...
Bright young PhDs grinding through research may no longer see Harvard as the light at the end of the tunnel. As a result of the economic downturn, the Faculty of Arts and Sciences has cut its number of faculty searches from 50 to 21. We understand that in this difficult financial climate sacrifices need to be made. Nevertheless, impeding the College’s flow of intellectual resources is an unwise compromise...
...total burden the person is feeling, how much they feel things can't get better and they can't tolerate the psychological pain they are experiencing," says Dr. John L. McIntosh, a psychologist and suicide expert at Indiana University. "Sometimes it takes years for the effect of economic downturn or instability to trickle down to the level of the psyche or penetrate the psyche, to get under the skin to produce some of the negative outcomes such as suicides...