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Athletes and fans aren't the only ones who benefit from the Olympic Games. Cities and countries that play host to this international sporting event are often handsomely rewarded for their labors. Take the 2012 London Olympic Games for example. In July 2013 nike air max 97 donne , the British government declared that the country received a trade and investment bump of 9.9 billion pounds ($16.65 billion) thanks to the Olympics. Similarly, a study by economists at Oxford University estimates that the games will inject 16.5 billion pounds into the British economy by 2017 and create some 17,900 new jobs annually in the country from 2012 to 2015. Of course, the gains didn't end there - many companies and countries far from the action recorded rises in sales and economic activity linked with the games.


One would expect similar outcomes from the World Cup, yet the biggest soccer event typically yields mixed economic results for countries with a stake in the tournament. And this refers to more than just the World Cup "curse" which many economists have noted - the 1994 World Cup coincided closely with the collapse of the US bond market scarpe nike air max 97 uomo , while subsequent editions in 1998 and 2010 synced up with the spread of financial crises in Asia and the eurozone respectively.


After one factors out the vagaries of the world financial market, the economic potential of the World Cup becomes clear. According to the Centre for Economics and Business Research, a UK-based think tank, the 2006 Germany World Cup injected some 13 billion pounds into the economies of the 32 countries and regions which had teams participating in the tournament. Few will be surprised to learn that the vast majority of this gain went to its host country, with much of the rest trickling down into other European markets. Four years later nike air max 97 ultra nere , The Economist reported prior to the 2010 tournament that some 373,000 foreign spectators were expected to travel to that year's host country, South Africa, spending an average of $4,000 each during their stay.


But for the World Cup host country and elsewhere nike air max 97 oro , the tournament can have a serious impact on workplace absenteeism as job obligations conflict with matches. In this way, the World Cup is distinct from the Olympics in that during the latter many spectators are usually not bothered by missing small preliminary events and matches. During the World Cup though, every match counts toward a team's eventual standing at the end of the tournament. This heightened drama can pull millions of people away from desks and job sites. The best example of this phenomenon comes from the 2010 World Cup, when a decisive match involving England coincided with roughly 9 million people in the country knocking off work. Elsewhere, several countries declared days off at schools nike air max 97 silver offerta , businesses and public institutions during the course of the 2010 World Cup, which together led to some $10 billion in economic losses - $2 billion of which was suffered by Germany.


But for powerhouse soccer nations like Germany, Britain and others, such losses are perhaps well earned. Generally speaking, a country's athletic prowess is often closely correlated with its level of economic development - case in point nike air max 97 summit white saldi , teams from six of the world's seven largest industrial economies made it into the World Cup finals in 2002. Europe has long been a bastion of soccer talent because large levels of social wealth have left plenty of money to fund athletic programs and created a market for professional sports as a form of entertainment. In this sense, Europe's stellar record in top international sporting events like the World Cup can be viewed as a tribute to its economic success.


CHICAGO, April 24 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed mixed on Monday with soybean futures touching a three-week high on short-covering, as a weaker U.S. dollar raised hopes for fresh export sales.


Corn futures edged higher on support from fund short-covering and worries over a slow start to spring planting, while wheat declined on abundant stocks.


The most active corn contract for July delivery rose 1.75 cents nike air max 97 bianche uomo , or 0.48 percent, to settle at 3.6555 dollars per bushel. July wheat delivery dropped 1.75 cents, or 0.42 percent to 4.1925 dollars per bushel. July soybeans added 11 cents, or 1.14 percent, to 9.7175 dollars per bushel.


In the outside markets nike air max 97 bianche , the Brent crude oil market is 0.42 dollar per barrel lower, the U.S. dollar is lower, and the Dow Jones Industrials are 242 points higher.


Jason Roose, U.S. Commodities grain analyst, says that the grains are trading mixed Monday on a mixed weather outlook.


"Even though the southern states nike air max 97 nere offerta , Illinois and Nebraska will be above average for planting, the other states are behind average which will support the corn short term. Also, the weak dollar and strong exports are giving the corn and beans mild support today," Roose says.


The U.S. Department of Agriculture's weekly crop progress report is expected to show U.S. corn planting was 15 percent complete as of Sunday.


The Commodity Futures Trading Commission's weekly commitments of traders report also showed that non-commercial traders, a category that includes hedge funds nike air max 97 nere , increased net short positions in CBOT wheat and soybeans.


Poverty alleviation projects carried out in China's Guangxi


Elders taken care of at nursing home in China's Tibet


German chancellor, Polish PM visit Hanover Messe 2017


Performers take part in parade to celebrate Birth of Rome


China's passenger aircraft C919 passes fourth high-speed taxiing test


China's first cargo spacecraft successfully docks with space lab


Pigeon pair giant panda cubs named "Ban Ban", "Yue Yue"


Graphics shows launch procedure of China's first cargo spacecraft Tianzhou-1


Holding the 2022 World Cup in Qatar is a "done deal," a confident head of the Gulf state's.