Friday, October 16, 2009

Olympics | Golf, rugby gain approval for 2016 Games

By The Associated Press

COPENHAGEN, Denmark — Golf has a tee time for 2016 in Brazil, and top-ranked Tiger Woods can hardly wait.

The sport returns to the Olympics for the first time since 1904 amid the spectacular backdrop of Rio de Janeiro's sand and sea, giving Woods the chance to do something even the great Jack Nicklaus never did — win Olympic gold.

Olympic officials had no sooner voted golf in — along with rugby — than Woods and his fellow players cheered their chance to finally compete on sport's biggest stage. They will compete for Olympic medals, but the greater promise is that the game catches on in countries where golfers are few and golf courses are even fewer.

"I think it's great for golf," Woods said from the Presidents Cup in San Francisco. "It's a perfect fit for the Olympics, and I think we are all looking forward to golf getting into the Olympics."

The vote for golf was expected, after a campaign by the sport's leaders to bring it back for the first time since George Lyon and the United States won gold medals at the Olympics in St. Louis. They promoted it as a way to bring a sport once reserved for the elite to the masses, even though it will add 120 men and women to a sports festival already considered bloated by some in the Olympic movement.

Nicklaus said Olympic gold would not trump the green jacket given the winner of the Masters or the Claret Jug awarded in the British Open, but would be seen as something hugely important in countries where the game doesn't mean nearly as much at this time.

"For most of the world it will be a new game, with a new goal to achieve an Olympic gold medal," Nicklaus said.

Golf was approved 63-27 with two abstentions, while rugby won near unanimous acclaim in an 81-8 vote with one abstention.

They are the first sports added since triathlon and taekwondo in 2000.

Notes

• At least a handful of people in the Olympic movement support the U.S. Olympic Committee leadership — members of the USOC board, who voted in support of embattled chairman Larry Probst and chief executive officer Stephanie Streeter. The board also committed to finding Streeter's replacement by the end of the year.

Meanwhile, leaders of America's Olympic sports organizations called for Streeter's and Probst's immediate resignations.

• Olympic silver medalist Sasha Cohen has withdrawn from the first Grand Prix figure-skating event of the season because of tendinitis in her right calf.

The 2006 runner-up at the Turin Games is making a comeback after not competing since the 2006 world championships. But she said she will not skate at the Trophee Eric Bompard in Paris after consultation with an orthopedic surgeon. Cohen, 24, said she is confident she will be ready for Skate America, which starts Nov. 12 in Lake Placid, N.Y.

Source

Wednesday, October 14, 2009

Olympic Growth Expected For Brazils Real Estate Market

by Melissa Chappell

The recent news that Brazil is to host the 2016 Olympic Games in Rio de Janeiro extends as not only fantastic opportunities for the country in the sectors of economy, tourism, infrastructure and sporting awareness, yet also foreign investment.

Brazil won the victory to host the Olympics against Chicago, Madrid and Tokyo, all located in countries that have hosted the games in the past. Following three previous attempts to become a host country, Brazil has finally won. Especially beneficial to Brazil is the Olympic bid win following the FIFA World Cup host position. The two highly important sporting events will be held within two years of each other, creating a wealth of growth opportunities throughout the country.

Having been positioned as one of the world’s largest economies for several years, predictions on economic growth for 2010 has began to soar following the Olympic hosting announcement. Even the Sao Paolo stock exchange has seen impressive growth in the days immediately following the announcement, especially in companies relating to tourism and infrastructure.

The growth of Brazil’s economy will assist with continued strength in the country’s real estate market. These increases are beneficial to investors for strong and steady capital appreciation potential.

Tourism clearly receives immediate benefits from the sporting events, set to increase considerably during the lead up. Accommodation and transport are being upgraded to cope with the demands of mass tourism from hosting major worldwide sporting events. The benefits of renewed interest in the region and continued mass market opportunities will assist buy-to-let investors, along with improving exit strategies to early investors.
Renovations and upgrading of airports around the country are being planned, along with new transport networks such as the high speed trains between Rio de Janeiro and Sao Paolo.

Modern infrastructure developments have so far only been carried out in the north-east, where recent interest in tourism and real estate investments have been attracting strong influxes of European and North American investors.

The infrastructure developments will provide long awaited upgrades around the country, enabling improvements and modern construction. All of the upgrades, tourism, economic growth and awareness will be highly beneficial for present and future real estate investors to the country. Infrastructure and construction will also benefit the domestic population, assisting the growing nation of increasingly middle class residents.
Considered to present an important transformational opportunity for foreign investment in Brazil, the expected influx of buyers in the coming years will assist with bringing Brazil into an established market status.

Source