The highly contagious virus will be at various stages of spread and infection in different countries by next summer, making it hard to pull off a large-scale international event.
Japanese PM Shinzo Abe and International Olympic Committee President Thomas Bach had earlier this month agreed to delay the 2020 Olympics amid the coronavirus pandemic.
There’s a reason it takes many years and billions of dollars to host the games: the two-week event is built on a Jenga-tower of thousands of independent economic interests.
A recently published estimate shows 422 billion yen in extra costs for a one-year postponement of the games, with another 218 billion-yen hit to Japan's economy on top of that.
The postponement will be first since modern games began in 19th century and make Tokyo 2020 Olympics the biggest sporting event called off due to COVID-19.
In the centuries to come, economist Bibek Debroy's Mahabharata will attain the importance we attach to the texts of Shankara, Ramanuja, and Madhvacharya.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.
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