Bird's Nest in Beijing to anchor shopping complex
The Beijing National Stadium known as the Bird's Nest will anchor a $450 million shopping and entertainment complex in three to five years, according to Xinhua citing Citic Group. The site has seen limited use since the Olympics, with maintenance costs about $8.8 million annually and no permanent tenant after Guo an pulled out.
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Rebuilding audits fault Iraq Afghan efforts for wasteful lack of coherence
The SIGIR reports flag chaotic Iraq reconstruction and a fragmented strategy in Afghanistan. In Iraq, security, fiscal shifts, and new contractor rules threaten large capital projects, while Afghanistan shows unspent funds and weak, incoherent planning with 52 percent of aid used.
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