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Reason Around Town: Tim Cavanaugh Goes Greek With the Number One Name In Business...Cavuto! 6pm EST on FBN
Reason Contributing Editor Tim Cavanaugh
will appear on Neil Cavuto's Fox
Business News show today to discuss the fiscal crisis in Greece
and Greek Prime Minister George Papandreou's financial life
coaching session with President Obama.
Starting at 6pm EST on Fox Business Channel.
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|3.9.10 @ 3:16PM|#
Don't forget to blame it on the Olympics.
I'm not the only one; go here
But the Olympics broke the bank. Government deficits rose every year after 1999, peaking at 7.5% of GDP in 2004, the year of the Olympics, thanks in large part to the 9 billion euro price tag for the Games. For a relatively small country like Greece, the cost of hosting the Games equaled roughly 5% of the annual GDP of the country.
And then you can ask whether we should be "sorry" Chicago's bid failed.
Spoonman|3.9.10 @ 3:54PM|#
Amazingly, apparently Chicago is in the red because a bunch of real estate deals centered around it winning the Olympics fell through. Imagine how boned they would have been had they got them.
Yep, I'm a girl|3.10.10 @ 1:08AM|#
Tim, tell him I want his lunch money or I'll kick his ass.