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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: elmatador who wrote (72890)	3/17/2010 9:31:47 PM
From: Snowshoe	1 Recommendation Read Replies (3) of 74559

Some say the current Greek financial crisis was partly caused by the expense of the 2004 Summer Olympics. Is it Rio's turn next? ... Rio protests: Sharing Brazil's oil revenues will hurt 2016 Olympics news.yahoo.com Rio’s governor said the proposed law, which would share Brazil's oil revenues more evenly among the country's 26 states, was “a lynching” for his state, and openly wept when discussing the legislation. If passed, the amendment would cost Rio at least $2.8 billion in annual income and be calamitous for the state's future, said Gov. Sergio Cabral. “With this amendment the Olympics and World Cup are no longer viable,” Cabral said. “Towns will grind to a halt. The state won’t have the resources.”

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