Ever since Facebook and Twitter, our digital footprint has become bigger and bigger. Endless tweets, statuses, retweets and sharing means people know more about us than ever before. Including employers. We are now in the age where being tagged in a picture of you stumbling over at 3 in the morning can all but mean your CV will be thrown in the bin. And, with more social media sites and apps that you can shake a stick at, getting caught out is all too easy. So which site is most likely to be your downfall? And which one says the most about who you really are?
In Part 1 I covered the macroeconomic impact of Olympics (http://trueeconomics.blogspot.ie/2014/02/822014-economics-of-olympic-games-part.html) while Part focused on labour market impact and the effect of the games on the host city (http://trueeconomics.blogspot.ie/2014/02/822014-economics-of-olympic-games-part_8.html)
A few days ago, Deputy Prime Minister Dmitry Kozak estimated that the Sochi Winter Olympic Games would cost $51 billion. That's a lot of money — as the AP notes, it's way more than the $6 billion Vancouver spend on the last Winter Games in 2010.
Almost one and a half million more people play sport every week and a future has been secured for all the permanent venues on the Olympic Park.
However, the report, published on the first anniversary of the Games, warned that it will be a “challenge” to create a lasting Olympic legacy of more volunteers, reports The Telegraph.
For a few hours on Wednesday, tons of folks were buzzing about a new free mobile app called Yo, which simply allows you to message the word "Yo" to your friends. That's all. A one word message. As with most new ideas, people across social media were quick to dismiss Yo.
Comcast CEO Brian L. Roberts said Thursday that Comcast doesn’t expect to make a giant profit from the 2016 summer Olympics in Rio de Janeiro but defended its heavy spending to acquire rights to additional Olympic telecasts. “I am so glad we stomached it,” he said of Comcast’s 2011 agreement to spend $4.38 billion to acquire additional rights.