Football economics: why it is better to win than host the World Cup

Football economics: why it is better to win than host the World Cup

Published 12 June 2014 13:07, Updated 12 June 2014 15:12

Tim Harcourt

We are just a day away from kickoff at the FIFA World Cup in Brazil, the most-watched sporting event in the world. Like the Olympics, it happens every four years and this time the event has been controversial because of protests by local Brazilians and allegations of corruption in FIFA’s decision to hand the 2022 World Cup to Qatar.

Most economists are fans and have been analysing the economic impact of the World Cup, especially as they have to justify watching the games on television over the next four weeks or so. Read more of this post

A hereditary knack for creating highly addictive games has kept Jaques of London in business for eight generations, and despite the growth of computer games the family firm insists there’s an increasing demand for old-fashioned fun


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Some of Jaques’ history sounds just too fanciful to be true. Over eight generations its family members have invented ping-pong, croquet, tiddlywinks, snakes and ladders and ludo to name just a few. The British secret service even stepped in to ensure its survival in its darkest hour. Yet all the evidence and artefacts from its 219-year history are displayed in glass cabinets in its showroom in its low-key headquarters in Kent, southeast England. There’s no denying it, there’s something in the Jaques family’s DNA that gives its members a powerful creative streak. Jaques remains 100% family owned and is currently run by three members of the eighth-generation; Joe, Ben and Emmett Jaques, who are marketing director, sales director and managing director respectively. Read more of this post

Economic Nationalism Drumbeat Grows Louder Before Presidential Election

Economic Nationalism Drumbeat Grows Louder Before Presidential Election

By Agence France-Presse on 11:45 am Jun 12, 2014

  1.  Indonesia’s two presidential candidates are outdoing each other with hardline policies to rein in foreign firms and control the resources sector, risking a lurch towards nationalism in Southeast Asia’s top economy, analysts say.

Frontrunner Joko Widodo and ex-general Prabowo Subianto have said they will favor domestic companies in the lucrative oil and gas industry and have pledged to stick with a controversial mineral ore export ban ahead of the July 9 polls. Read more of this post

Behind Simple Majority, a Complex Spread

Behind Simple Majority, a Complex Spread

By Jakarta Globe on 09:33 am Jun 12, 2014

Candidates must have strong support in more than half of all provinces for a legitimate poll win. (JG Photo/Safir Makki)

Jakarta. By most accounts, Joko Widodo is the favorite to win Indonesia’s presidential election July 9, with various polls giving him anything from 32 percent to 51 percent. Read more of this post

US Most Polarized in Decades: Pew Research Center

US Most Polarized in Decades: Pew Research Center

By Agence France-Presse on 10:05 pm Jun 12, 2014

Washington. The political middle ground is shrinking and the partisan gulf in Washington — and the rest of America — is getting wider, according to extensive findings unveiled Thursday by Pew Research Center.

Growing ideological uniformity on both sides is leading an increasing number of Americans to see followers of the other party as a “threat to the nation’s well-being,” the report said. Read more of this post

Indonesia Plans to Reduce Number of SOEs From 139 to 120 to Boost Efficiency

Indonesia Plans to Reduce Number of SOEs From 139 to 120 to Boost Efficiency

By Tito Summa Siahaan on 09:10 pm Jun 12, 2014

  1.  The government has called on the country’s state enterprises to consolidate for the sake of greater efficiency and governance.

Indonesia had a total of 139 state-owned enterprises as of Jan. 1 this year, with combined assets of Rp 4,082 trillion ($345 billion).

State Enterprises Minister Dahlan Iskan said on Thursday that the government planned to reduce the number of state-owned enterprises to 120. Read more of this post

Speculation Abounds on Question of Indonesia’s Next Cabinet

Speculation Abounds on Question of Indonesia’s Next Cabinet

By Erwida Maulia on 10:12 pm Jun 12, 2014

  1.  The campaign season for Indonesia’s presidential election enters a new phase this week with the media and observers alike speculating on who may occupy key cabinet posts, whichever candidate wins the race.

The strikingly different campaign teams behind the two tickets vying for the presidency offer a glimpse of which supporting members are most likely to become cabinet officials for the 2014-2019 period, in line with previous elections that saw the winners recruit most of their ministers from the very teams responsible for their victory. Read more of this post

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