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...that has to be balanced with the danger of runaway costs, which seem almost guaranteed when it comes to the Olympics. Brad Humphreys, professor of the Economics of Gaming at the University of Alberta, keeps count on Olympic budgets. His tally is a tale of excess: Athens budgeted $1.6 billion for the 2004 Games but wound up spending $16 billion. Four years later, Beijing budgeted the same amount, $1.6 billion, for the 2008 Summer Games yet spent an enormous $40 billion. London originally planned to spend $8 billion for the 2012 Games; the current estimate is $19 billion and rising...
...Professor Asish Nanda said he is leading a movement to reform the recruiting process that would entail transitioning law schools to a system similar to the method medical schools use to match students with residencies...
...experts on the legal profession like Nanda and Law School Professor David B. Wilkins ’77, there has not been a better time in the last 30 years for structural reforms to take shape in the industry...
...Lang says. In the past, explosives like dynamite were used to create seismic waves. Improvement of recording devices and computer analysis has further decreased the airgun sound intensity required for geological research. Airguns are "the best existing technology to produce the desired type of sound," he says. Lincoln Hollister, professor of geosciences at Princeton University, also rejects claims that airgun use is correlated with damage to marine life, like lesions to the ears and brains or mass beachings. "In recent years, environmental groups have become increasingly negative about the use of airguns, and efforts have greatly increased to monitor studies...
...subsidized short-term labor contracts are phased out. The budget deficit is expected to pass 6% of GDP in 2010, thanks mostly to a dip in tax revenues. Some economists say the center-right government will be penned in. "There's no room for maneuver on tax cuts," says Professor Henrik Enderlein, from Berlin's Hertie School of Governance. "On the contrary, Merkel's new center-right government is likely to raise taxes, like VAT, in order to get Germany's public finances out of the red." (See pictures of the dangers of printing money in Germany...