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Developing Countries: Hosting International Sporting Events 2nd Part

05/05/10

Permalink 10:36:19 pm, by amilnal
Categories: Sports, Business, Commentary

Developing Countries: Hosting International Sporting Events 2nd Part

On the cost side, FIFA (Federation Internationale de Football Association)requires that the World Cup host country provide at least 8, and preferably 10, modern stadiums capable of seating 40,000 to 60,000 specators. For the jointly hosted 2002 World Cup in Japan and South Korea, each country offered to provide 10 separate stadiums. As neither country had a large existing infrastructure for football, South Korea built ten new stadiums at a cost of nearly $2 billion, and Japan built 7 new stadiums and refurbished 3 others of at least $4 billion. According to Executive Director of the Cricket World Cup, Ali Bacher, R500 million, South African currency, (US$66,719,578.89) was spent to bring the 2003 edition to South Africa while the upcoming FIFA World Cup in that country dwarfs that figure by some margin with the South African government spending over US$6 billion on stadiums, roads, airports and other projects.

When our region the Caribbean was about to host the Cricket World Cup in 2007. The Jamaican Minister of Finance, at the time, Omar Davies disclosed that the Caribbean Community (Caricom) heads of government decided to host the event because of the additional benefits expected to come to the region and not in terms of straight economic and financial analysis. He even quoted potential losses in the region of US$95 million, with the Jamaican government spending US$105 million and only expecting to earn US$10 million in revenue from the event. I don't know about you but I feel that this kind of financial hit for a third world country's economy, like Jamaica's, would be devastating. Numerous sectors of government will have to be neglected and the people of the country will continue to suffer in the form of increased taxes for years to come in order to help balance the budget. Three years on from the event and you see exactly what this commentator was afraid of. What benefits could you honestly say that Jamaica and her people got from the event? Forunately next week I will put forth the speculated benefits and allow you to decide if actually hosting a name tournament actually helps the conutry or countries it is staged in in the long run.

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Sister Mary Margaret

SISTER MARGARET MARY, WHO WORKS FOR A LOCAL HOME HEALTH AGENCY WAS OUT MAKING HER ROUNDS WHEN SHE RAN OUT OF GAS.

AS LUCK WOULD HAVE IT A GAS STATION WAS JUST A BLOCK AWAY.

SHE WALKED TO THE STATION TO BORROW A CAN OF GAS TO START & THEN DRIVE TO THE STATION FOR A FILL UP.

THE ATTENDANT REGRETFULLY TOLD HER THE ONLY GAS CAN HE OWNED HAD BEEN LOANED OUT BUT IF SHE WOULD WAIT, IT WAS SURE TO BE BACK SHORTLY.

SINCE THE NUN ! WAS ON THE WAY TO SEE A PATIENT SHE DECIDED NOT TO WAIT & SHE WALKED BACK TO THE CAR. AFTER LOOKING FOR SOMETHING TO FILL WITH GAS, SHE SPOTTED A BEDPAN SHE WAS TAKING TO THE PATIENT.

ALWAYS RESOURCEFUL, SHE CARRIED IT TO THE STATION & FILLED IT WITH GASOLINE, & CARRIED IT TO HER CAR.

AS SHE WAS POURING THE GAS INTO THE TANK, TWO MEN WERE WATCHING FROM ACROSS THE STREET. ONE OF THEM TURNED TO THE OTHER & SAID, "IF IT STARTS, I'M TURNING CATHOLIC".

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