THE REAL MARCH MADNESS. Victor Matheson of The Sports Economist makes the Trenchant Observation of the Day.
South Africa has spent at least $6 billion in preparations for this summer's World Cup. How can a poor but developing country like South Africa afford to host such an extravagant party? Simply put, it can't.
We leave the generalization to aspiring mid-majors and other institutions of higher learning sports as an exercise.

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