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In Addition To Swimming In Feces, Olympians Will Have To Pay For AC In Brazil
In late July we said Brazil was sliding into a depression.
We based that assessment, in part anyway, on the following graphic from Goldman:
It would only take the bank four months to agree with our summary of their own analysis (Alberto Ramos called it a “depression” on Tuesday after a decidedly abysmal GDP print).
Accompanying our depression call was the following assessment of Brazil’s preparations for the upcoming Olympic games in Rio:
The Brazilian economy hit its metaphorical, and literal, bottom earlier today when AP reported that, with the Brazil Olympics of 2016 just about 1 year away,"athletes in next year's Summer Olympics here will be swimming and boating in waters so contaminated with human feces that they risk becoming violently ill and unable to compete in the games."
In other words, competitors in Brazil's olympic games will be swimming in shit.
Brazil was, and still is, literally up shit creek without a paddle.
Well as you might have surmised based on the release of a series of economic data so bad that analysts are having trouble coming up with new ways to describe the situation, the outlook for next year’s summer games hasn’t improved. In fact, things have worsened materially to the point that now, athletes will be asked to pay for their own air conditioning.
As Bloomberg reports, “following a new round of cost-cutting by the Rio 2016 organizers, athletes will be asked to pay for the air conditioning in their dorm rooms, stadium backdrops will be stripped to their bare essentials, and fancy cars and gourmet food for VIPs are out.”
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In short, organizers can no longer depend on the government (and who knows what the government will look like by the time the games commence) to fund cost overruns. That means spending only as much as Brazil expects to take in from sponsorships, ticket sales, and a grant from the International Olympic Committee.
Apparently, the games were already some $520 million over budget. The government was supposed to cover that (and more) but obviously that’s out of the question given Brazil’s worsening fiscal crisis. “By the time the Games begin, the committee plans to have 500 fewer paid staff than the 5,000 it originally expected,” Bloomberg notes, adding that “the deepest cuts will probably come from operational areas like catering, transportation and cleaning services.”
As for the athletes, well obviously they’re a bit concerned.
“The world wants to tune in and watch the world’s greatest athletes compete at the absolute highest level," Nick Symmonds, a two-time Olympic runner said. "If you don’t provide them with good food, a good place to sleep and comfortable temperature, they won’t be able to recover and bring the A-plus product that the world is demanding. To cut the budget on athletes’ hospitality and comfort, that’s just going to cheapen the games.”
Brazil has also abandoned a plan to put TVs in Olympic Village rooms.
Meanwhile, there was no respite on Thursday from still more abysmal economic data. Industrial production contracted by 0.7% M/M in October (-11.2% Y/Y). That's the fifth consecutive monthly decline. "The industrial sector (which has been reducing headcount at an increasingly fast pace) contracted 0.9% in 2014 and is expected to contract at a much higher rate in 2015 as it continues to face strong headwinds from high levels of inventories, record low confidence indicators, a high and rising tax burden, rising energy costs, and weak external demand (particularly from Argentina for durable goods)," Goldman writes.

Oh, and for anyone still holding out hope that the central bank might throw caution to the wind - pass through inflation be damned - and cut to save the economy, well, you probably shouldn't read the Copom minutes. Here's one passage from Goldman that pretty much sums it up: "Specifically, the Copom is now committed to adopt the necessary measures to keep inflation under the 6.50% upper limit of the inflation target band by end-2016, and to make inflation converge to the 4.50% target in 2017. Hence, based purely on a strict interpretation of the new guidance, the probability of a rate hike at the January meeting rose significantly."
There is, however, a silver lining. Rich NBA players will not be affected by the Olympic cutbacks (via Bloomberg):
Others worry that the cuts will further underscore the chasm between athletes from wealthy countries and those from poorer ones. (Already some top athletes, including the NBA players who join the USA Basketball squad, choose luxury hotels over accommodations in the Olympic Village.) Those who can afford extra for air conditioning or who travel with laptops or iPads will have it; others may not.
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Basketball Americans
They gonna score TPM in all the swimming events this year.
Turds Per Meter. Gold medal for the 1000 meters is gonna be a bitch to win.
Ready made theme song for the Olympics...All you have to do is change the words to 'swimming in feces, wooah'.
https://www.youtube.com/watch?v=iPUmE-tne5U
NBC will foot the bill.
Will there be a Syrian team this year?
Well ~ at least NOW we can say that the Russians are laughing their asses off now that they're BANNED from the 'LIMPics'
"If you don’t provide them with good food, a good place to sleep and comfortable temperature, they won’t be able to recover and bring the A-plus product that the world is demanding."
Hmmmmm....sounds like the perfect scenario to start allowing all the illegal performance enhancing drugs they can possibly come up with and just have a free for all. Let's see what they can really do all jacked up. They won't need great food or A/C. Just some shots of "stuff" and whatever else and soon we'll have 7.5 second 100m sprinters and 45 foot long jumpers!!!
I'd pay to see that some of that action. But I still wouldn't travel to Brasil though. Shitty food and water, and no A/C! lol ;-)
free hookers
the games have now been saved
I hear the ISIS basketball team is really going to be "killer". ;-)
They're all 7 feet tall and already have NIKE shoe deals.
http://www.dailymail.co.uk/news/article-2963039/Does-Isis-really-army-se...
Hashtag: #BestOlympicsEver
Well peeps, all I have to say is this...
I was 'on the team' to compete in the 1980 Olympics in Moscow, which ended up being BOYCOTTED by Jimmy Carter because of the Soviet invasion in Afghanistan...
I kinda hated it then, but later assumed the [desired] position that it was ALL 4 GOOD because we were fighting EVIL SOVIET AGRESSION...
TICK - TOCK... time goes by... & NOW only do I realize that Afghanistan is simply about OPIUM profits accrued to the standing army...
I guess I FUCKING SUCK (in life) then... Over & out... (but at least it doesn't negate that I could run a sub 46 second quarter 'in the day')
Fucking props bro!
Running is one of my favorite things to do, after walking.
I used to be freakin' fast in the day on short runs and it is fun to do.
Running fast is just fun to do.
In 1976-77, I didn't even understand how fast I was... I didn't even run track... Then, one day in gym class, the phys ed teacher made us all run the quarter...
He was like "Holy fucking sh**" white boy!
'You run like you got niggas after you'
& wait... That's not even the end... I also qualified for the 1980 Olympics in another sport that had nothing to do with running... I was also a friend of 'Snipes' Nehemiah... He had it worse than I did cause he would have WON... I would have only been an 'also ran'...
Kudos, Pope on your athleticism. I had a similar experience the first day of gym class as a freshman. You boys go out and run around the track...it became a race between me and another--which I won (wish my competitiveness transferred to the golf course). After gym class the teacher said to me to report to the cross country coach after school which I did. I was lousy compared to the other guys which had already 'passed' the CC requirements. But I thought I was cool (and my parents) for maybe 48 hours.
D3 Basketball was my game.
Yeah, I used to be a runner too!
I had to quit, though...
I kept spilling my beer!
The national soccer team is still playing so I imagine there will be a few here and there.
It's just another god damned TV show, only with nearly non stop commercials. The only ones who give a damn arethe corps who advertise on it.
Have a coke and watch the shit swim.
Yeah, spot on, mkk! Just before the last Olympics - in 2012 - I reckoned that they might be the last of their kind. There was terrorism-hype, to the point where the British Army mounted serious weaponry on the roofs of residential apartments, for goodness sake! In the event, I was wrong, of course; but I was correct in ridiculing the whole damn foolishness. What I wrote then is still relevant. Fingers crossed this time, eh?
http://barlowscayman.blogspot.com/2012/07/could-these-be-last-olympic-ga...
You're just jelly because you have a fat ass.
White NBA fans are pathetic cucks who fantasize about mandingos raping their wives and daughters.
Tsk and all that. We might have an event called 'government collapse' this games......
Does anyone really still watch that shit?
I watch the womens vollyball because you can gauge the character of the feminism of the women of their respective nations, and can tell how far they have sunk to the lowest depths of hell.
The Italian lassies were the most feminine in the west. No teeth whitening and fake blondeness. Looked alive in the eyes and no thousand cock stare. Italians chicks got it going on.
The Other eastern euro women were so bad I thought they were going to break down and cry (bless their pure hearts). Pure feminity and a blessing to watch.
The 'merican 'women's team looked so manly you think in a roid rage they might rip some chicks arm off, like a wookie, and beat her with it.
A lot of kids get into it, man.
You heartless wench.
Not me
Yeah I guess -- but those Brazilian women ...
What difference does it make? Does anyone here really believe we are going to make it that far?
I wonder if anyone will be left to carry the Syrian flag.
The Syrian gang rape/infidel shooting team is a shoo-in for gold.
Nope.
Watch the cancellations of soccer matches to pick up, as well.
Only loonies would have given them the games in the first place,
so that just leaves bribery, again.............!
Yea Doc there will be something resembling a high school track meet for the oligarchs and elitist's amusement. We will see the same tired "celebrities" strutting for the cameras but you are correct in that there will be no real substance. The olympics are just another politically correct ho-down anymore. I personally haven't watched the Olympics since 1980 when I accidentally saw the famous USA VS USSR Hockey game(was in a bar that had the TV on).
I know what you are saying but barring a nuclear holocaust there will be something broadcast from Brazil.
With all that fucking that goes on in an Olympic village. And now without AC in Brazil. Can you imagine the smell? Two words; Bums Nutsack.
Haha boom
"Two words; Bums Nutsack."
Isn't this a perfume de toilet from Sao Paulo?
No, his only childhood memory of his father.
Don't ignore that August in Rio is mid-winter and is one of the coldest months. I've known daily temps down at 14C in Rio. They can rise a lot higher but not for long. Low-mid 20s is typical. It can also rain a lot from the West SW.
Generally it's not like the scorching summer days between Nov-Mar.
so does this mean things are going to go like greece and we'll get athlete's hooking around the village to pay their A/C bills?
i call dibs on the divers & gymnasts.
"i call dibs on the divers & gymnasts."
Some of those girls in the latter are young.
That is kind of sick, man.
Dupe
Dupe
Dupe
I used to call dibs on Peggy Fleming, when I was, um, not in the know...you know?
yes, there is a chasm between first world countries and third world shit holes (in this case, literally shit holes)... boo fucking hoo... if this isn't the walking talking definition of a country acting "hood rich" I don't know what is, they have no business hosting the games...
Do you know of a first world country that can host the Olympic games without financial ruin?
I can think of several that won't have you swimming in shit and waving a fan to keep cool afterwards...
But so vibrant!
Who cares? It's the Olympics sponsored the One worlder's. Fuck all of them
My hat's off to those athletes who, without chemical afterburners, can perform at world-class levels.
But as to "The Olympics", fuck 'em. They're just another corrupt, flag-laden multibillion-dollar recurring boondoggle, like America's wars. Current photos of the 2004 Greek olympic venues are pitiful / ludicrous; take your pick.
"pay for their own air conditioning"
Is that such a big deal? I say they should pay all of their own expenses...
As most people around here say: stop living with other people's money, right?
Every country that hosted the Olympics over the last few decades has fallen into economic crisis.. It's great hosting them but once the party is over the citizens feel the wrath!
With the exception of Australia in 2000. Although no doubt they have the Chinese to thank for that so far.
I'd pay to see LeBro swimming in feces.
Just use the blur tool in Photoshop. Make it look like he's melting xD.
Should have just had the games in Chicago.
Well, this is what happens when selections for Olympic countries are made for political correct reasons in lieu of common sense. Expect things to get far worse as everyone tries to cover their mistakes. The MSM propaganda will have us believing that conditions in Brazil during the Olympics are simply wonderful and the reports of contaminated water are 'overblown.'
can't wait to hear about medals being stripped for atheletes testing positive for vancomycin & interferon!
Only the Indian swimmers who have been training in the Ganges will be game enough to compete.
will there be a tribute for Duke "The Dukey" Kahanamoku....
the Fecal 50m sprint,
just closed your mouth and swim like hell, cause this is gonna be darn close to it.
(and peeing the pool is considered a local custom, so go right ahead).
Fucing "Shit Show"
Maybe Rio will be the end of this shitshow.
Can't remember when I last watched the "once every four years" shit show - it's been decades.
Who really gives a shit??
+100
Last time I watched Serena Williams won the Men's Gold Medal for weightlifting.
Later DQ'd for excessive T-levels.
The US Open is held in the US.
The Australian Open is held in Australia.
It's time for the Olympics to be held in Greece....permanently.
How many times do you think the Greeks can be plucked?
The facilities are there already. They may as well use them.
By the way, Greece has not been plucked. It's the world that has been fucked because the Greeks won't be paying anything back.
What they are doing to Greece at the moment is just for punishment and what foreign powers don't understand is that this sort of punishment will eventually strengthen their resolve to throw off the yoke.
If Brazil keeps going turbo toilet I'm taking bets they cancel this whole fucking corruption fest.
So our dude from Tokyo was here in the office and I said 'Japan economy is near death, anything to look forward to?'.
Answer - oh yes, we have Tokyo Olympics in 2020.
I'm like dude that's 5 years down the road.
Sad...
Sorry, Not survivable without a good AC. Same as summer in Florida. (yeah, but it's a DRY heat!!) (Aliens)
Wow! A lot of haters on sport here. Must be a lot of people picked last on the playground when they were young.
Try this:
http://www.richardcassaro.com/the-sports-conspiracy-americans-mass-contr...
It's just too expensive for the hosts and nothing else but a taxpayer paid outlet for the big sponsoring mega-corporations. London was to cost 2 billion plus, ended up 8 billion plus - taxpayer pays, not the companies who use the advertising outlet. Then add the taxpayer money that athletes in the various countries cost while being trained up.
That's one very expensive segment of show business and needs to be gazumped. Just wait when the FIFA investigators move on to the Olympic movement, so said a FIFA sponsor last night on TV. .
The gay jigaboo olympics, who watches this sheite ?
Fece laden water and no air .... that gives an unfair advantage .... to third world affletes .... dat's rayciss ?
Olympics! Ah, those were the glory days!
lmao @ your avatar!
Well done kid ;-)
Apparently, the games were already some $520 million over budget.
By the time the games are over, expect that number to be an order of msgnitude higher. They only spent 3 billion dollars for their recently built world cup stadiums that are now sitting idle.
http://www.nytimes.com/2015/05/03/sports/soccer/world-cup-stadiums-leave...
shit is very under valued in the modern Western world. Once in a place far far away called Afghanistan, there resided 50,000 plus troops and support. You can work the math per guy but that's a lot of shit. I once rode cover for a Camp Brass meet up with the locals who were starting to shoot at each other over - yes - shit - literally shit. 3 leaders were fighting over the rights to the camps shit. During a break in meet up, one of the interpreters is busting a gut telling us that the deal is being worked out and now they're arguing over the quality of certain sectors shit. Apparently - we'll call it curry 'product' is not as valuable as EU/US 'product'. All I can say is when we went out one gate for patrols no one was without a face mask. One man's shit is another's gold. So boys - that next kabob is on me but I'll pass on my share.
I'm thinking this could be the first Olympic Games to be cancelled due to "shitty conditions". If the athletes around the world agree to participate in the shitty water, etc. then they deserve to get sick. I mean how stupid is it to swim in that literally shitty water. Or is it "athletic hubris" knows no bounds?
Does anyone here believe that the Brazilian economy is going to improve between now and next summer? How will they pay?
So who then will bail them out?
Print? If they print, the whole fucking country will become a disaster with inflation spiking and all that goes with it.
Brazil is fucked.
And Boston was stupid for rejecting the Olympics. Somehow, every 4 years without fail, the Olympics goes over budget and the taxpayers of the host city pick up the tab; UNEXPECTEDLY.
Who cares.
None of the athletes are being 'forced' to go... I'll watch again when the Olympic Committee takes away Jenner's gold medal - after all, she broke the rules by competing in a man's sport!
'Male' Olympic swimmers shave themselves (not just a little polite manscaping to enhance the rudder), wear Brazilian banana hammocks and spend way to much time in the cabana. He/she/it can keep the medals - I'll never eat Wheaties. I wonder if that is a new LGT whatever the rest of that deal is - joke
Los Angeles 1984 didn't cost the taxpayers a dime. Peter Uberoth managed it. He championed the idea of corporate sponsorship for various venues. The event was well thought out and budgets were kept. There were predictions of gridlocked traffic. For the two weeks of the games I could get to work in 20 minutes. It normally took an hour.
I attended women's volley ball because my GF at the time was a collegiate player, and was into it. I borrowed a 50' boat from a client and she and I went out and watched sailing as I'm a lifelong sailor, and personally knew some of the USA Sailors.
Things have changed. I don't think there's been an Olympics since where there was a financial surplus after they were over. But Los Angeles didn't suffer at all for having hosted the games. I was here, participated in my own little way and had a blast.
Because Jimma' Catah' felt compelled to punish the Russians by boycotting their games in 80, the Russians replied in kind for 84. That was too bad for everyone. It cast a pall over what otherwise was probably one of the best managed Olympic Games of the past Century. People diss Los Angeles all the time. But we hosted one hell of an Olympic Games.