Wednesday, December 1, 2021

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Is Kemba Walker’s replacement Alec Burks the key to turning around the Knicks season?

It's been a rocky few weeks for the New York Knicks, with head coach Tom Thibodeau shaking up the...

Closing borders until December 15 not a ‘radical action’

By 4:30PM December 1, 2021Treasurer Josh Frydenberg says the decision to close the borders for an additional 14 days...

Attracting well-known events to a city can be great in terms of raising the area’s profile, but it often comes at a significant cost. Take the Olympics for example, a huge event that has run over budget for every city that has hosted it since 1960.

Research undertaken by economists Victor Matheson and Robert Baade into the benefits of the Olympics, meanwhile, shows that while there are some gains, these are usually few and far between.

“Overwhelmingly, the studies show actual economic impacts that are either near-zero or a fraction of that predicted prior to the event,” they wrote in a paper published in 2016.

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