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...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 on a prime waterfront site that would...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...approach. The city started a fund back in 2006 for the construction of its proposed Olympic venues and infrastructure. Tokyo's metropolitan government will have banked some $4 billion by the end of 2009. The city authority "knows that during good moments, you save money," Hidetoshi Maki, deputy director-general of the Tokyo bid, told reporters in London on Feb. 5. And with the national government pledging to cover up to 50% of the venues' construction costs, "we don't think our bid plan is hugely damaged" by the slowdown, said Maki. Limiting the number of new venues helps; good...

Author: /time Magazine | Title: In Hard Times, Olympic Plans Go On a Budget | 2/10/2009 | See Source »

...Part of the issue here is we can’t stop the business of the whole education process as we’re moving forward,” Smith said, emphasizing the importance of supporting current operations while planning for the future through the more general “80% FAS-wide plan” announced in January. The plan—which will aim to close the projected $100 to $130 million budgetary shortfall—is an early attempt to begin turning localized feedback from individual units within FAS into a more generalized scheme for cutbacks...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: FAS Refines Budget Cuts | 2/10/2009 | See Source »

...sending out a weekly e-mail newsletter, and holding public town hall meetings, along with other outreach efforts According to Eric N. Hysen ’11, the UC parliamentarian, no undergraduates who are not members of the Council or the media are in the habit of attending UC general meetings. “We want to have events where any student will be able to come in and talk about what they want the UC to do,” he said. “The legislation itself is setting up a structure,” Hysen said...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: New UC Passes First Bill | 2/10/2009 | See Source »

...Richard Holbrooke, Obama's new envoy to Afghanistan, acknowledged this reluctance when he said the U.S. "inherited a situation of very grand rhetoric with inadequate, insufficient resources." At the same time, NATO Secretary-General Jaap de Hoop Scheffer cajoled Europe not to rule out more troops. "That is not good for the political balance of this mission," he said. "If Europe wants a greater voice, it needs to do more...

Author: /time Magazine | Title: Europe: No Blank Check for Obama on Global Security | 2/9/2009 | See Source »

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