Word: gaine
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...decided to do a little historical research by examining stock-market indexes and GDP growth for the host nations for the past eight summer Olympics, excluding the stock market-less U.S.S.R. in 1980. What we discovered was interesting but inconclusive. On average, markets in host countries showed a 16.3% gain in their Olympics year. Out of the eight events surveyed, stocks rose in six countries; the best performer was South Korea, where the gain was 73%. But stocks fell in two countries: by 3.75% in the U.S. in 1984, the year of the Los Angeles Games...
...airlines are trying to patch together closer alliances through investment or gain strength through mergers. Lufthansa recently bought a 19% stake in JetBlue, hoping to take advantage of JetBlue's strong presence in New York City to expand its reach with U.S. passengers. On April 14, Delta and Northwest agreed to a $3 billion merger, and a Continental-United union could be next. "Foreign carriers are merging to grow larger and financially stronger, and U.S. carriers have to match that to remain competitive," says Giovanni Bisignani, head of the International Air Transport Association...
...alone can't succeed in Afghanistan. But Canada's example shows that even our closest allies need to be convinced that the fight is theirs too. Before countries like Macedonia, Albania and Croatia gain admission to NATO, they should be reminded that membership carries responsibilities as well as rewards. NATO rules should be rewritten to ensure that countries that invest disproportionate military and financial resources (as Canada has done) should have some of their costs subsidized by the alliance. If a government does not want to send its troops to fight, it should still be obliged to contribute funding...
...pace of the race. Its efforts were rewarded with a narrow, two-seat advantage about 1000 meters in. However, early in the third 500 meters, as the Bears made several pushes to pull even and walk away, it became evident that the strength and energy Harvard expended to gain the lead at the 1000-meter mark came at a high price.Fatigue, combined with the difficult racing conditions, caused the Crimson to lose control of the boat’s set and rhythm, allowing Brown to walk up and take seats. After taking the lead, the Bears never looked back, moving...
...continued its breakout offensive weekend and received two solid outings from veteran starters Shawn Haviland and Brad Unger, but a heartbreaking walk-off loss in the weekend finale left it with a sour taste in its mouth—and a split that won’t help it gain ground in the Ivy League standings. Hot Harvard bats paced the Crimson to a 9-5 win in the first of two games, but the nightcap made a hero of the Bulldog catcher P.J. Gorynski and goats of the Harvard bullpen: two innings after Unger departed with a four...