- Tiger Woods Wants to Protect Family Privacy: Agent
- Is Super Bowl Halftime Act Too Old?
- Will TCU See The "Flutie Effect?"
- NBA D-League On The Rise
- Weis' Deal Likely Won't Change Big Money Contracts
- Time Lapse World Series Is A Great Play
- Boise State Stock Plan: An Early Success
- Dollar Signs Seen In Young "Buck" Jennings
- Iverson Wasn't A Popular "Answer"
- My Top 10 Marketing Ideas For Winless Nets
RSS FEED
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- UAE Central Bank Stands by Banks Amid Dubai Crisis
- UAE Markets Seen Limit Down on Monday Open
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- US Treasury Wants Banks to Do More to Ease Mortgages
- Tiger Woods Accepts Full Blame for Car Crash
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Fed Audit Would Hurt Economic Prospects: Bernanke
- Big US Banks May Be Forced to Raise Capital: Bove
Sports Biz
![]() |
Fourth of July fireworks |
Friday's Opening Ceremonies are going to be what I'm calling the most expensive four hours in sports history. The Chinese are going to spare no expense in their coming out party to the world.
While it's hard to nail down the costs of such an endeavor -- it's hard enough to get details on the ceremony itself -- I was shocked when I read the press notes from last month from a conference about the fireworks themselves.
A reporter asked Sun Weide, the spokesman for the Beijing Organizing Committee, how much the light show was going to cost and this is how he responded:
"As you know, China is the birthplace of the gunpowder and fireworks. We have a lot of products to choose from. As for the specific number, I can only give you a percentage points. Fireworks will take less than 1 percent of the total cost of the Opening Ceremony."
Here's what we know. There will be 35,000 shells launched. It will last about 20 minutes. It will include the first ever aerial display of the Olympic rings and, at some point, will include 2,008 smiling faces at the same time.
I'm still blown away at how low the number is. I originally guessed that the fireworks would make up at least half the cost. I'm not a fireworks expert, but I'm going to speculate that much of the cost of a firework display has to do with the cost to get it to the United States from China, where 80 percent of the world's fireworks are made.
According to a recent article in the Tuscaloosa News,the cost of shipping a crate of fireworks -- due to fuel prices -- from China to the U.S. this year went from $4,800 to $11,800.
The fireworks launched on Friday night will have a much shorter travel route. They're coming from the city of Liuyang, which is about 930 miles from Beijing. Half of the town's economic output is generated from the production and sale of fireworks.
Questions? Comments?








