{"id":9271,"date":"2013-07-13T12:00:03","date_gmt":"2013-07-13T16:00:03","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9271"},"modified":"2013-07-13T10:32:07","modified_gmt":"2013-07-13T14:32:07","slug":"the-economics-of-the-2014-sochi-winter-olympics","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/the-economics-of-the-2014-sochi-winter-olympics\/","title":{"rendered":"The Economics Of The 2014 Sochi Winter Olympics"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/07\/071313_1429_TheEconomic1.jpg\" width=\"639\" height=\"426\" \/><\/p>\n<p>This coming February the Russian city of Sochi will host the 2014 Winter Olympics. The Economist took a look at how things are going:<\/p>\n<ul>\n<li>Sochi is one of the few places in Russia where snow is scarce. The organizers have stored last year&#8217;s snow in case it doesn&#8217;t snow enough this year.<\/li>\n<li>It is also close to the north Caucasus \u2013 a part of Russia that has been involved in a civil conflict. About as many soldiers have died there as American soldiers in Afghanistan, making it akin to holding the winter Olympics in Kabul.<\/li>\n<li>When Russia bid to hold the Olympics it proposed spending $12 billion to prepare Sochi \u2013 more than any other country.<\/li>\n<li>It is now estimated to cost $50 billion. While most Olympic games have cost overruns of 180%, Russia&#8217;s has gone over budget by 500%.<\/li>\n<li>Workers on the project make little money (when they&#8217;re paid at all) and sometimes have their passport revoked so that they can&#8217;t leave.<\/li>\n<\/ul>\n<p>Read more about the Sochi Olympics, why Putin is looking to hold it there, and more over <a href=\"http:\/\/www.economist.com\/news\/europe\/21581764-most-expensive-olympic-games-history-offer-rich-pickings-select-few-castles\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/news\/europe\/21581764-most-expensive-olympic-games-history-offer-rich-pickings-select-few-castles\">The Economist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This coming February the Russian city of Sochi will host the 2014 Winter Olympics. The Economist took a look at how things are going: Sochi is one of the few places in Russia where snow is scarce. The organizers have stored last year&#8217;s snow in case it doesn&#8217;t snow enough this year. It is also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/07\/071313_1429_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9271","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9271"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9271\/revisions"}],"predecessor-version":[{"id":9274,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9271\/revisions\/9274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9270"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9271"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9271"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9271"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}