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World/National News

November 27, 2013

Around the World and Nation

(Continued)

The accident at the Arena Corinthians, known locally as the Itaquerao, could hardly have come at a worse time — just a week ahead of the draw that will determine the tournament’s schedule and with the top names in soccer all descending on Brazil.

Preparations have been plagued by setbacks including cost overruns, stadium delays, accidents, labor strife and huge street protests in the run-up to the June tournament, once envisioned as a coming out party for South America’s largest nation, which is also scheduled to host the 2016 Olympics in Rio de Janeiro.

Already, public prosecutors and a workers union in Sao Paulo were demanding an investigation into conditions at the venue, saying work shouldn’t resume until authorities deem the stadium safe.

The accident could also lead to recriminations between local organizers and world soccer’s organization FIFA, which has set a December deadline for all 12 World Cup stadiums to be ready. The tournament begins June 12.

Cheaper gas lifts hopes for holiday sales, though retailers’ success may hinge on sharper drop

WASHINGTON (AP) — No one begs Santa Claus for cheaper gasoline. Yet falling gas prices are shaping up as an unexpected gift for drivers — and for people on their holiday shopping lists.

The average price of gasoline has tumbled 49 cents from its peak this year to $3.29 a gallon, putting it on track for the lowest average since 2010, according to AAA. Because many Americans have had no pay raises, whatever money they’re saving on gas has freed up a bit more for other purchases.

And history shows that when gas prices drop, consumers become more likely to splurge on dinners out. Impulse buys at the mall seem like less of a stretch. More people buy a gas-station gift card after fueling up.

Many retail analysts have forecast a ho-hum sales gain of around 2 percent this year; others predict an increase of up to 3.9 percent. But steadily cheaper gas could send holiday sales shooting above 5.4 percent, analysts say.

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