Ronald Reagan once joked that the game Trivial Pursuit had a special economists' edition: It came with 100 questions and 3,000 answers. Economists are notorious for being unable to agree on anything. So it's striking that on the finances of the Olympics, they almost all agree.
"Investing in the Olympics is not worth the investment," says Andy Zimbalist of Smith College.
"You build all these facilities that are perfect for the Olympics, that are not really as desirable once the circus leaves town," says Allen Sanderson of the University of Chicago.
Originally published on Mon February 3, 2014 2:27 pm
Twenty-seven bodies have been recovered from the ruins of a home for senior citizens in L'Isle-Verte, Quebec, and authorities believe that bone fragments found in the burned-out building will help them identify five more victims.
The search is over at the site, which was consumed by a fire on Jan. 23. It took 10 days to search the wreckage because water used to fight the flames had frozen. In some spots, ice was more than a foot thick.
Originally published on Mon February 3, 2014 2:12 pm
If you are buying health coverage in the Colorado ski resort towns, the Connecticut suburbs of New York City or a bunch of otherwise low-cost rural regions of Georgia, Mississippi and Nevada, you have the misfortune of living in the most expensive insurance marketplaces under the new health law.