Word: event
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...History would seem to side with the economists. In 2006, Detroit hosted the America's most gargantuan sports event, the Super Bowl, also at Ford Field. Fans gave the area a $274 million boost, according to one economic research firm. Over 90 million people watched the face-off between the Pittsburgh Steelers and Seattle Seahawks on television. Did the game lift Detroit long-term? Well, Detroit's unemployment rate is 13%, worst in the country among major metropolitan areas. The city's bonds have junk ratings. Because its school system has run up a $305 million deficit, the city...
...also means less spending at the airport and on transportation (cabs, rental cars, and so on). Also, it's safe to assume that a portion of the Michigan State basketball fan base would have spent money in Detroit even if the team had not made the Final Four. The event is a huge draw for hoop-heads who just want to soak in the festivities. Many Lansing residents and other Michigan State basketball fans from outside of Detroit would have made the trip and maybe even gone to the game, regardless...
...least a temporary boost, especially in these grim times. "This economic injection is real and important," says Rodney Fort, a University of Michigan economist who also specializes in sports. "It's just not permanent." Beyond dollars, we shouldn't discount the intangible perks a major sports event delivers to a city. Detroit families can discuss the big game instead of the plant closing, maybe catch a free concert downtown. And though Michigan State's run may cost the state some extra cash, a national championship will lift the state's spirits, and who's to say a few hours...
...Afghans are in South Africa preparing for their Cricket World Cup qualifying matches, which started April 1. They got off to a good start, beating Denmark and Bermuda. A top-four finish in Johannesburg will see them go through to the main event, due to be held in various cities across South Asia in 2011. It would also crown an astonishing rise. Seven years ago, in a country defined by conflict, and which does not have a proper grass pitch even today, there was no national team. But three tournament wins in the past year, comprising 15 victories...
...whose accession to NATO would also be taken by Moscow as provocation. Moreover, NATO's passivity in the face of Russia's pummeling of Georgia would have left member nations along Russia's western frontier wondering what extent of support they could rely on from NATO allies in the event of a confrontation with Moscow...