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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Funding for television rights goes to the IOC, not the hosting city. It has been that way always.

    And I provided an example of how Los Angeles came out ahead in the last two Olympics and showed that the city is implementing the same strategy for this Olympics.

    The reason a lot of cities go over budget is because they build too much and don’t have uses for the infrastructure after the games. That isn’t an issue for Los Angeles; Los Angeles has everything it needs for the Olympics already.


  • https://en.wikipedia.org/wiki/1932_Summer_Olympics

    First paragraph cites the likely profit of $1 million

    https://en.wikipedia.org/wiki/1984_Summer_Olympics

    Fourth paragraph includes “As a result of low construction costs, due to the use of existing sport infrastructure, coupled with a reliance on private corporate funding,[5] the 1984 Games generated a profit of over US$250 million.”

    As for the 2028 Olympics, most venues are existing, with some temporary venues for minor events and shifting of some events to other areas with adequate infrastructure including Oklahoma City. Upgrades to city infrastructure like LAX and the region’s mass transit network were already planned and deemed necessary before bidding for the Olympics; the only difference has been in pushing forward some schedules.

    There don’t seem to be any glaring white elephant projects for 2028. A lot of what kills most budgets is building mass infrastructure that doesn’t get used. That isn’t happening in Los Angeles.






  • Infrastructure building, including housing, was a major part of the Chinese economy. That part of the economy collapsed, which is causing China to try to transition to other industries to drive economic growth.

    It is possible that the IMF is worried about the collapse of a Chinese industry, but it seems like China is trying to focus more on the effects of a collapse on the asset class given that said asset class is the main retirement savings in the country and the main driver of local government spending. China has also taken internal steps try to limit infrastructure spending in the last few years, so they may not be worried about development companies collapsing as long as their collapse doesn’t spread to the overall economy.



  • Remixes have been around for a while. However, the current trend is thought to have been started with Lil Nas X with “Old Town Road”.

    Part of what made that song blow up was tons of remixes across different genres of music, which all counted as the same song when it came to the charts. This allowed for the song to be tweaked to different musical tastes while still giving the appearance of a mainstream hit.

    So now, if you are a musician who wants to inflate their numbers, you can plan out remixes to be released at different times.








  • Can only shop during a specific enrollment period.

    With most other insurance, it only pays out of something unplanned happens. With health insurance, there are medical issues that can be known about in advance of them being to be addressed. So you might know you have a heart condition that needs to be operated on soon, but not immediately. This is known as a medical precondition.

    Before the ACA was passed, health insurance companies would always exclude medical preconditions. So, if you switched insurance while needing that heart operation, you would find that you weren’t covered and have to pay all the costs.

    The ACA got rid of being able to limit coverage of medical preconditions, but it needed to provide a way for insurance companies to limit their exposure to people switching from a bad plan to an amazing plan that covered everything and would have to pay out immediately. To handle that, it made it a requirement for all people to get a minimum amount of medical insurance and to restrict when people could shop for insurance.