The Olympic Effect
The potential benefits from Chicago’s bid to host the 2016 Summer Olympics extend even beyond the Washington Park beautification project. A new paper by Andrew Rose and Mark Spiegel finds that hosting mega-events like the Olympics has a significant positive impact on a country’s exports. Interestingly, the authors also find that even unsuccessful Olympic bids Read More »
India to Rupee: What’s Your Sign?
Hoping to grab a place alongside the U.S. dollar, the British pound, the Japanese yen, and the euro, India is looking to design a symbol to represent its currency, the rupee. Any suggestions? [%comments] Read More »
Monkeys Pay Taxes Too
As procrastinators across the country furtively shuffle W-2′s under their desks while on conference calls and google “post office hours,” Natalie Angier points out that humans aren’t the only ones expected to contribute to their society. In fact, dominant male fairy wrens may punish delinquent citizens for up to 26 hours and vampire bats actually Read More »
Dubai’s Rebuttal
Recently, we highlighted a British journalist’s story about the underside of Dubai’s startling ascent. Some in Dubai called foul, including one writer who wants to remind Britons that their own country has a dark side. After all, what to think of a country in which one fifth of the population lives in poverty? [%comments] Read More »
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