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Is Rio Ready for the 2016 Olympics? by Matt Doheny

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By declaring the state of calamity, Rio will receive an $850 million bailout from Brazil’s federal government, but it is unclear whether this last-minute cash infusion will fix a number of critical problems surrounding the Games. Matt Doheny explains.

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Is Rio Ready for the 2016 Olympics? by Matt Doheny

  1. 1. Is Rio Ready for 2016 Olympics? By Matt Doheny
  2. 2. “State of Public Calamity” One month before the Olympic Games are set to begin in Rio, the city finds itself in an ongoing “state of public calamity” from which it may not recover in time for the Opening Ceremony on August 5.
  3. 3. — Source: New York Times Citing a severe financial crisis that is preventing the state of Rio de Janeiro from honoring its commitments to the Games, Rio’s Governor Francisco Dornelles warned of a potential “total collapse in public security, health, education, mobility and environmental management.”
  4. 4. Government Bailout By declaring the state of calamity, Rio will receive an $850 million bailout from Brazil’s federal government, but it is unclear whether this last- minute cash infusion will fix a number of critical problems surrounding the Games.
  5. 5. Here are some main concerns…
  6. 6. Construction
  7. 7. Firstly, construction is still not complete and is not scheduled to be until just days before the Games begin. Image source: www.enr.com
  8. 8. Contract disputes delayed the completion of the velodrome, prompting Rio organizers to take direct control of construction on June 26. The venue is not expected to be able to host races until the Games officially begin.
  9. 9. Metrô Rio The new metro line linking the main Olympic Center to other Olympic venues and beaches is also not expected to open until a mere three days before the Opening Ceremony.
  10. 10. Public Safety
  11. 11. Measures for public safety may also be insufficient. Rio has experienced a number of high-profile crimes in recent weeks, perhaps at least in part because its police officers have not been getting paid.
  12. 12. Part of the bailout package will distribute back pay to public safety officials this week, but concerns over whether the government will support them enough during the period of increased tourism brought on by the Games remain.
  13. 13. Water Pollution
  14. 14. Water pollution may also adversely affect athletes and spectators.
  15. 15. Bacteria Brazilian scientists have discovered a drug- resistant bacteria growing off of some of the city’s most popular beaches, where athletes will compete in sports such as sailing, rowing, and open water swimming. Image source: fultufaltu.com
  16. 16. These bacteria, which entered the city’s waterways thanks to hospital sewage runoff, may have been the cause of German Paralympic sailor Heiko Kroger’s teammate’s severe skin infection. At this point, only 51% of the city’s water has been treated.
  17. 17. Zika Virus
  18. 18. The Zika virus is another public health concern. Image source: www.dailymail.co.uk
  19. 19. World Health Organization Though the WHO is confident that precautions such as mosquito repellent and/ or long-sleeved shirts and pants will keep athletes and tourists healthy, some athletes have chosen not to compete in Rio.
  20. 20. Fortunately, the Games will take place during Brazil’s winter, making the climate less hospitable for mosquitoes. However, pregnant women should not risk exposure to Zika under any circumstances.
  21. 21. Finally, the shutdown of Rio’s anti-doping lab last month for “nonconformity” to international standards creates a logistical challenge for the International Olympic Committee (IOC), which will have to use an outside lab to test blood and urine samples fromAthletes.
  22. 22. With so many challenges, it is unclear how prepared Rio will be on August 5, but the city is doing everything it can to ready itself.
  23. 23. If you liked this piece, visit: www.mattdoheny.org • Matthew “Matt”A. Doheny holds an extensive curriculum vitae as an entrepreneur, finance expert and political pundit which features past and current successes in the industries of the investment fund, distressed asset and financial management. To contact Matt Doheny, click here.

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