Economia
Brazil's World Cup rush fuels spending blowout
RIO DE JANEIRO |
"... Concerns are mounting that Brazil's push to speed up its preparations for the soccer tournament risks fueling corruption and an explosion in costs dwarfing other "mega-events."
Last year's World Cup cost South Africa about $4 billion but Brazil's official estimate already stands at about $13 billion, including transport projects, stadium construction and airport expansions, making it certain to be the most expensive in history.
President Dilma Rousseff spoke in March of 33 billion reais ($18 billion) in World Cup investments and some private estimates are already way higher, putting the final bill at an eye-popping $60 billion in one case -- bigger than neighboring Uruguay's annual economic output...
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Just a couple of years ago, it was widely concluded that Brazil had finally overcome the decades-old gibe about the world’s fifth-largest country: that it would always be “the country of the future.” Exports, particularly to Asia, were booming;...
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Five sad and shocking facts about World Cup corruption in Brazil BY MARISSA PAYNE May 12 at 10:15 am More Comments Brasilia’s World Cup stadium is the second-most expensive in the world. (Eraldo Peres/AP) This...
- O Brasil é Atrasado Para A Copa 2014?
The Maracana in Rio de Janeiro, Brazil, will be central to the 2014 World Cup, but construction has stalled on other projects. JOHANNESBURG – As South Africa receives pats on the back from around the globe after hosting, against the odds, a mightily...
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Economia
Custos da Copa
Brazil's World Cup rush fuels spending blowout
RIO DE JANEIRO |
"... Concerns are mounting that Brazil's push to speed up its preparations for the soccer tournament risks fueling corruption and an explosion in costs dwarfing other "mega-events."
Last year's World Cup cost South Africa about $4 billion but Brazil's official estimate already stands at about $13 billion, including transport projects, stadium construction and airport expansions, making it certain to be the most expensive in history.
President Dilma Rousseff spoke in March of 33 billion reais ($18 billion) in World Cup investments and some private estimates are already way higher, putting the final bill at an eye-popping $60 billion in one case -- bigger than neighboring Uruguay's annual economic output...
Mais
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- A Setback In Brazil.
Just a couple of years ago, it was widely concluded that Brazil had finally overcome the decades-old gibe about the world’s fifth-largest country: that it would always be “the country of the future.” Exports, particularly to Asia, were booming;...
- O Legado Da Copa
Brazil's World Cup Legacy Includes $550M Stadium-Turned-Parking Lot It has been almost a year since the World Cup in Brazil. The party is long over, but the country is still dealing with the hangover — in the form of "white elephant" stadiums...
- Custos Da Copa
Five sad and shocking facts about World Cup corruption in Brazil BY MARISSA PAYNE May 12 at 10:15 am More Comments Brasilia’s World Cup stadium is the second-most expensive in the world. (Eraldo Peres/AP) This...
- O Brasil é Atrasado Para A Copa 2014?
The Maracana in Rio de Janeiro, Brazil, will be central to the 2014 World Cup, but construction has stalled on other projects. JOHANNESBURG – As South Africa receives pats on the back from around the globe after hosting, against the odds, a mightily...
- China Perto De $ 2 Trilhões Em Reservas
BEIJING (AP) -- China's central bank said Saturday that its foreign exchange reserves rose 16 percent year-on-year to $1.9537 trillion by the end of March. China's reserves, already the world's largest, increased by $7.7 billion in the first...