However, what we are most concerned about is the safety of the people who are coming to Maracana and we need to make sure things, like the stadium's roof, weren't compromised,” Daelcio de Freitas, a spokesman for Maracana SA, which is responsible for the stadium's upkeep, told CNN.
Violent robberies have been reported nearby the stadium and following a recent break-in, expensive equipment and a bust of late journalist Mario Filho, who the stadium is named after, have been stolen, the American broadcaster reports.
Greed certainly hasn't disappeared and, as is abundantly clear, people still have short memories.
Although risk management procedures and regulatory enforcement mechanisms have definitely improved, the propensity to water them down has gained momentum as time has passed.
The previous expansion in the 1990s lasted 10 years, or 120 months.
It should be just a matter of time until the next (take your pick) market crash, recession, or financial crisis emerges.About 10 per cent of the 78,000 seats are also reported to be missing."There are things that you can see on the surface that are damaged, like the grass and the seats.Monday's declaration by the panel of the National Bureau of Economic Research confirms what many private economists, lawmakers and members of the general public already have assumed and puts an official date on it: A U. The White House commented on the news without ever actually using the word “recession,” a term President George W. Instead, spokesman Tony Fratto remarked upon the fact that the NBER “determines the start and end dates of business cycles.” “What’s important is what is being done about it,” Fratto said. That was the same month employment peaked, and the economy began shrinking in a downturn that has been exacerbated by the financial crisis that took hold of markets beginning in September.
Federal Reserve Chairman Ben Bernanke said Monday that further interest rate cuts were possible but he cautioned that there were limits to how much such action will be able to revive an economy expected to remain weak well into next year. are certainly feasible, at this point the scope for using conventional interest rate policies to support the economy is obviously limited,” Bernanke said in a speech to business executives in Austin, Texas.