Fiscal policy

FILE - In this July 10, 2016, file photo, Simone Biles competes on the balance beam during the women's U.S. Olympic gymnastics trials in San Jose, Calif. At least 70 percent of U.S. Olympic sports organizations have applied for government loans in the coronavirus pandemic, underscoring the frailties within the world’s most dominant Olympic sports system. (AP Photo/Gregory Bull, File)
May 08, 2020 - 12:09 pm
DENVER (AP) — At least 70 percent of U.S. Olympic sports organizations have applied for government funds during the coronavirus pandemic, a stark financial reality that underscores the frailties within the world’s most dominant Olympic sports system. The Associated Press surveyed 44 of the country'...
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Tokyo 2020 Organizing Committee President Yoshiro Mori, left, and CEO Toshiro Muto, right, attend teleconference with International Olympic Committee member John Coates, who heads the inspection team for Tokyo Olympics, in Tokyo Thursday, April 16, 2020. Tokyo Olympic organizers and the IOC said Thursday they will cut some of the extras out of next year’s postponed games, an attempt to limit what is expected to be billions of dollars in added expenses.(Kazuhiro Nogi/Pool Photo via AP)
April 17, 2020 - 7:43 am
TOKYO (AP) — IOC member John Coates, who oversees planning for next year's Tokyo Olympics, has claimed the postponed games could help “kick start” Japan’s economy. Japan has been devastated like many countries by the coronavirus pandemic and could be in a recession when the Olympics are to open on...
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FILE - In this Wednesday, March 25, 2020, file photo, a man walks in front of a Tokyo Olympics logo at the Tokyo metropolitan government headquarters. The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. (AP Photo/Koji Sasahara, File)
March 27, 2020 - 7:13 pm
DENVER (AP) — The postponement of the Tokyo Games has catapulted the sports organizations that make up the backbone of the U.S. Olympic team into crisis. At least one has already started layoffs and others are desperate to stay solvent. Some are expecting a major downturn in membership dues, while...
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FILE - In this March 3, 2020, file photo, the New National Stadium, a venue for the opening and closing ceremonies at the Tokyo 2020 Olympics, is seen from Shibuya Sky observation deck in Tokyo. The tentacles of cancelling the Tokyo Olympics — or postponing or staging it in empty venues — would reach into every corner of the globe, much like the spreading virus that now imperils the opening ceremony on July 24. (AP Photo/Jae C. Hong, File)
March 10, 2020 - 6:57 am
TOKYO (AP) — The tentacles of canceling the Tokyo Olympics — or postponing or staging it in empty venues — would reach into every corner of the globe, much like the spreading virus that now imperils the opening ceremony on July 24. The International Olympic Committee and local organizers say the...
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April 25, 2018 - 1:27 pm
MOSCOW (AP) — This summer's World Cup could have a total impact on the Russian economy of nearly $31 billion, organizers predicted Wednesday. A new report on the economic impact of the tournament said the boost for the country's GDP could amount to between 1.62 trillion rubles ($26 billion) and 1...
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April 12, 2018 - 1:06 pm
LANSING, Mich. (AP) — Michigan lawmakers voted Thursday to threaten a 10 percent state funding cut for any university that fails to comply with proposed new requirements prompted by the Larry Nassar sexual assault case at Michigan State. The unanimous vote from a House budget panel came a day after...
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Baseball Commissioner Rob Manfred participates in a pregame ceremony before the opening day baseball game between the Houston Astros and Texas Rangers in Arlington, Texas, Thursday, March 29, 2018. (AP Photo/Tony Gutierrez)
March 29, 2018 - 4:53 pm
ARLINGTON, Texas (AP) — Commissioner Rob Manfred says a provision in government spending legislation that stripped minor league players the protection of federal minimum wage laws will ensure that a lot of players in the low minors will get a raise this year. Manfred said some players will get...
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FILE - In this July 15, 2001, file photo, the Staten Island Yankees practice before a baseball game against the Brooklyn Cyclones at KeySpan Park in Coney Island, N.Y. Minor league baseball players who make as little as $5,500 a season were stripped of the protection of federal minimum wage laws under a provision in government spending legislation signed Friday, March 23, 2018. (AP Photo/Stephen Chernin, File)
March 23, 2018 - 6:13 pm
Minor league baseball players who make as little as $5,500 a season were stripped of the protection of federal minimum wage laws under a provision in government spending legislation signed Friday. The "Save America's Pastime Act" is included on page 1,967 of the $1.3 trillion spending bill and...
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March 23, 2018 - 2:54 am
COLLEGE BASKETBALL This Sweet 16 is picking up right where its zany lead-in left off. Two No. 9 seeds and an 11 are in the Elite Eight, and at least one of those underdogs will reach the Final Four. Fitting for this NCAA Tournament that's cranked up the unpredictability of March Madness to never-...
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In this Thursday, Aug. 24, 2017, photo, two Iranian women make their way in a square while one of them wears the chador in downtown Tehran, Iran. Anger and frustration over the economy has been the main fuel for the surprise eruption of protests that began on Dec. 28, 2017. President Hassan Rouhani, a relative moderate, had promised that the lifting of most international sanctions under Iran’s landmark 2015 nuclear deal with the West would revive the long-suffering economy. The end of sanctions did open up a new influx of cash from increased oil exports, but little of that has trickled down to the wider population. At the same time, Rouhani has enforced austerity policies that hit households hard.(AP Photo/Vahid Salemi)
January 06, 2018 - 6:06 am
CAIRO (AP) — The Iranian town of Doroud should be a prosperous place — nestled in a valley at the junction of two rivers in the Zagros Mountains, it's in an area rich in metals to be mined and stone to be quarried. Last year, a military factory on the outskirts of town unveiled production of an...
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