Category: Olympics

Month in Review, August 2015: Part 2, Lingering debts

25 September, 2015 (10:00) | Actuaries, Bankruptcy, Berlin, Boston, de Blasio, Economic development, Essential posts, Greece, Housing, Illinois, Month in review, Olympics, Pension funds, Puerto Rico, Urbanization |

By: David A. Smith [Continued from yesterday’s Part 1.] The true mystery of capital lies in its mutability: property can be turned into money, money into chattel, chattel into property, and all through the chemical reaction of markets; moreover, money can be created (value greater than cost) and money can be lost (cost greater than […]

Month in Review, August 2015: Part 1, Enduring assets

24 September, 2015 (10:00) | Actuaries, Bankruptcy, Berlin, Boston, de Blasio, Economic development, Essential posts, Greece, Housing, Illinois, Month in review, Olympics, Pension funds, Puerto Rico, Urbanization |

By: David A. Smith For a month in which normal people (e.g. those not obsessed with blogging) go on vacation, August contained plenty of material related to affordable housing, starting with the ever-inventive Mayor Bill de Blasio in the ever-political city of Gotham, with the city’s attempt to create its own home-rule version of the […]

The highbrows’ sports carnival: Part 4, Toxic cocktail

13 August, 2015 (10:00) | Boosters, Boston, Democracy, Governance, Housing, Infrastructure, Journalism, Los Angeles, Moral hazard, Municipal finance, NIMBY, Olympics, Philanthropy, Public finance, Sports, US News |

[Continued from yesterday’s Part 3 and the preceding Part 1 and Part 2.] By: David A. Smith As we’ve seen in the three preceding parts of this post dissecting the corpse of Boston 2024’s failed bid to win the locals’ hearts and minds, the Olympics are effectively a highbrow sports carnival – a periodic revival […]

The highbrows’ sports carnival: Part 3, The city owns the Marathon

12 August, 2015 (10:00) | Boosters, Boston, Democracy, Governance, Housing, Infrastructure, Journalism, Los Angeles, Moral hazard, Municipal finance, NIMBY, Olympics, Philanthropy, Public finance, Sports, US News |

[Continued from yesterday’s Part 2 and the preceding Part 1.] By: David A. Smith As we’ve seen in the previous parts, the campaign for public support of Boston’s 2024 Olympic bid was in many ways a clash of theories of influence: the mobile upstarts (rabble-rousing 140 characters at a time) versus the sober establishment (“All […]

The highbrows’ sports carnival: Part 2, Documents whitewashed

11 August, 2015 (10:00) | Boosters, Boston, Democracy, Governance, Housing, Infrastructure, Journalism, Los Angeles, Moral hazard, Municipal finance, NIMBY, Olympics, Philanthropy, Public finance, Sports, US News |

[Continued from yesterday’s Part 1.] By: David A. Smith In sifting through the wispy remains of Boston 2024 Olympic bid, which collapsed so suddenly and completely one could be forgiven for having forgotten how intimidating it originally appeared, I discovered the real tale it tells: of the virtues of civic democracy, small enough to be […]