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Showing posts from July, 2018

History's Greatest: Military Commanders

For many centuries, and even a few millennia, men and women have explored the globe, forcing entire tribes and civilisations to bow at their feet. These people conquered last stretches of terrritory, influencing and impacting the lives and cultures of the conquered lands for centuries after their deaths. Although their vocations were violent ones, their exploration led to the spread of language and philosophy. These tradesmen are now called military commanders. Alexander III of Macedon Alexander III of Macedon is often regarded as one of history's greatest military masterminds. His life consisted of many battles, all of which he was the victor in, and building an empire that stretched from Greece to India. Alexander The Great was born in 356 BC in the city of Pella, Greece to Phillip II of Macedon, and Olympias, Phillip's fourth wife. As a child, the young Alexander seemed destined to achieve great things. Aged 10, he famously tamed a horse brought by a trader from Thessal...

Specialisation in Sports: The World Class Sprinter

Thomas Burke, the first Men's 100m winner at the Olympic Games, ran the final in 12.0 seconds. Since the Men's 100m sprint was first contested at the Olympic Games, the level of sprinters has increased dramatically. Today, many regional-level U14 athletes would have been crowned Olympic champion in 1896. Athletes have become taller and more muscular, as the science involved in sprinting has advanced. Sprinters have also specialised more in one event. For example, Jesse Owens won the 100m, 200m, the long jump, and was part of the winning team in the 4 by 100m. In his 100m final, his time was 10.3 seconds. However, athletes today rarely compete in both track and field events. Specialisation allows athletes to adapt their physical features to increase their performance in their chosen sport. Even in business and economics, Adam Smith noted that specialisation in pin-making increased production. A worker who has specialised in making the head of a pin makes the ma...

The World Cup: A Financial Guide

The knockout stage of the 2018 World Cup is currently underway, and Invenire has been researching the financial and economic impact of the world cup. The FIFA World Cup is both the most expensive and the most lucrative of any football tournament in the world and has occurred every four years since 1930 when it was won by Uruguay. The only exceptions to this are the years 1942 and 1946; the tournament was cancelled as a result of World War II. An estimate by Russian regional governments has placed the cost of renovating, restoring and constructing stadiums at a total sum of GBP2 million to GBP6 million. This includes building stadiums in cities that do not have any professional football teams, like the host city of the 2014 Winter Olympic Games, in Sochi.  Further upkeep and operation of World Cup venues are expected to reach costs of over GBP24, 000, 000. For example, the city of Nizhny Novgorod wishes for Moscow to pay for the upkeep of the stadium for at least three y...