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Subsidising mega-sports events: good or bad call?

The life of the average Brazilian over the past year or so has been an emotional roller coaster to say the least. Against the background that ranges from ardent protests in response to fiscal policy to complete despondency when the Canarinho (Brazil’s beloved national team) unforgettably bowed out in the semi-finals of their own World Cup after a 7–1 massacre at the hands of the eventual champions, Germany, a crucial economic question has been brought into focus: why do governments subsidise mega-sports events and what type of economic impacts should the economy expect from such a decision?

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The dynamic force of internet piracy

The free access to film and television is slowly becoming the social norm. Annie Cao uncovers the game-changing effects of internet piracy that have changed the landscape of the industry.