from MacroScope:

Did the World Cup stimulate German growth?

July 23, 2010

 Did the World Cup stimulate economic growth in Germany?
 SOCCER WORLD/
That's the $3.6 trillion question on the minds of economists after the Ifo institute reported on Friday  that business sentiment in Europe's largest economy surged by a record margin in July -- a month of fun in the sun for tens of millions of enthralled Germans who cheered their team's improbably strong run to the semi-finals of the World Cup in South Africa.
 
Can a soccer tournament half a world away really have a notable impact on Germany's 2.5-trillion euro ($3.6 billion) economy? Can a few exciting wins in the international soccer tournament really turn notoriously tight-fisted Germans into free-spending consumers? When I posed those questions at the start of July -- just after Germany had thrashed England 4-1 in the round of 16 -- I ran into some  scepticism. 
 
But there were also a few contrarian economists out there who also thought the good mood spreading across the country thanks to the lopsided victories in South Africa -- and especially the exciting way the young team filled with immigrants to Germany -- might lead to slightly higher growth. I've lived in Germany for over 20 years and long watched the way so many of them so diligently squirrel away  such significant chunks of their money -- as if the next world war or great depression were looming around the corner.

from Our Take on Your Take:

The difference between winning and losing

July 16, 2010

Netherlands fans react as they watch the 2010 World Cup final between the Netherlands and Spain on a large screen TV on the streets of the Netherlands July 11, 2010. Your View/Niels de Vries

Spanish supporters flood the streets of Toronto on July 11, 2010, shutting down traffic as they celebrate Spain's win over the Netherlands in the World Cup final. Your View/Susan Kordalewski

Last Sunday's World Cup final between the Netherlands and Spain galvanized fans on either side. Your View contributors Niels de Vries (top) and Susan Kordalewski captured their very different emotions at the outcome.

from MacroScope:

The octopus and the economists

July 12, 2010

What do an eight-legged creature in an aquarium in Germany and 74 economists have in common? The consensus view that Spain would claim the World Cup -- until the economists, as they so often do, changed their minds.

from Good, Bad, and Ugly:

Polly want a correction?

July 9, 2010

gbu parrot

“The Netherlands and Spain  will square off Sunday for the World Cup final, the first ever for both  sides.”

from Oddly Enough Blog:

Couldn’t she just do a floral tribute?

July 9, 2010

larissa combo 490

Blog Guy, the World Cup is drawing to a close. So who would you say is the big winner so far?

from Reuters Soccer Blog:

Spain’s queen visits locker room, Puyol in towel

July 9, 2010

Spain's Queen Sofia visited the locker room  after the national team beat  Germany 1-0 in the World Cup semi-final on Wednesday. Most of the players got a heads up and scrambled into their clothes.

from India Masala:

World Cup mania hits Bollywood brigade

July 8, 2010

Football fever is taking over the world and Bollywood’s glamorous brigade hasn’t been left untouched.

from Oddly Enough Blog:

There’s lingerie in Paraguay?

July 1, 2010

paraguay combo 490

Blog Guy, isn't it cool how Paraguay is hanging in there at the World Cup? How about some pictures of their loyal fans?

from Photographers' Blog:

Samurais in South Africa

June 30, 2010

I arrived in South Africa with the Japan team filled with excitement and an acute feeling of anxiety. Never mind that I would be on the scene to cover the world's biggest sporting event, and never mind that I would be competing against the top sports photographers from around the globe to get the best pictures. For a Reuters photographer like myself dedicated to a single team, when your team drops out of the competition, you're finished. Like the defeated team, you go back to the hotel, pack your bags and spend the long flight home wondering what went wrong. Based on Japan's lackluster showing in the East Asia Soccer Championship my expectation for Japan was three defeats in a row and no victories. Mine would be a short stay in South Africa.

from Reuters Soccer Blog:

England defence crumble in German masterclass

June 27, 2010

SOCCER-WORLD/

England coach Fabio Capello would do well to take a transcript copy of Germany coach Joachim Loew’s post-match press conference – because in it he would find all the simple reasons why his side were trounced 4-1 and sent packing from the World Cup on Sunday.