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...terms of sheer financial disaster, however, it would be hard to match Montreal's 1976 Games. It has taken the city more than 30 years to pay off its extravaganza, the cost of which is still not entirely known, according to Humphreys. The Olympic stadium was a particular disaster; originally budgeted for C$156 million, it ended up costing the city C$2 billion, including numerous fixes to the roof and years of interest payments. The Quebec government had to introduce a special tobacco tax to help pay down its Olympic investment...
Emasculated by the hotel employee when he can't pay for room service...
...practice has had some successes: President Dwight D. Eisenhower defused a row over the Suez Canal with economic sanctions against Britain; Swiss banks were forced to pay reparations to Holocaust survivors when faced with a boycott, led by some U.S. states, for harboring pilfered assets; and stiff sanctions helped convince Libya to disavow terrorism after the 1988 Lockerbie jetliner bombing. But those are generally the exceptions. "Putting a sanction on a country always seems to be an inexpensive way to address the problem," Senator Richard Lugar of Indiana has said. "Unfortunately, almost none of these sanctions have brought about change...
...three in the afternoon to watch it's most famous equestrian event - the Melbourne Cup. This year the excitement began prematurely when, on Sept. 18, part of the international lineup of horses was revealed in the daily Sydney Morning Herald. Racing fanatics were not the only ones to pay heed, and some Australian politicians were shocked at this year's contenders...
...method to the seeming madness. It may not look like it, but GEM is actually an important plank in a campaign to tackle one of the country's most pressing predicaments: how to nurture small and medium-sized enterprises (SMEs), which create nearly eight out of 10 jobs, pay 50% of taxes and account for 60% of gross domestic product...