The National Collegiate Athletic Association stifles competition among schools for players by capping scholarships, a Stanford University professor said at a trial in which athletes are seeking a cut of the billions of dollars generated by college sports.
Michele Ryan says Santa Clara, a Silicon Valley city of 116,500, overreached by betting it can build a $1.18 billion stadium for the National Football League’s San Francisco 49ers without dunning taxpayers.
Seven months after Hurricane Katrina ripped holes in the Superdome’s roof in 2005, Louisiana State Bond Commission members made what they were told would be “the best of a bad situation” in financing the stadium’s renovation.
Oakland, California, the fifth-most crime ridden city in America, faced a $32 million budget deficit in fiscal 2011. It closed the gap by shrinking its police force by 18 percent, shedding 138 officers including 80 dismissals.
The former president of CBS Sports, testifying in defense of the National Collegiate Athletic Association’s refusal to share billions of dollars in revenue with players, said paying the athletes would jeopardize the popularity of college sports.
An escalating confrontation between Carlos Slim and two fellow billionaires is driving prices lower for phone, Internet and TV services in Mexico, a boon for consumers that could boost the nation’s economy.
When an earthquake jolted Mammoth Lakes, California, in 1980, it caused $1.5 million in damage and kindled fears of volcanic eruption that scared off visitors to what’s now the third-most-popular U.S. ski resort.
Apple Inc., which faces as much as $840 million in state and consumer antitrust claims stemming from an electronic books lawsuit, lost its bid to halt oversight by a court-appointed compliance monitor.