The effect of project delays was underlined this week in a report from the National Audit Office which revealed that the first three new Type 45 destroyers will enter service without sonar defences to protect them against submarine attack.

ECONOMIST: Public investment

The 2008 global banking crisis crippled many of the largest banks with the effect of curtailing their appetite and capacity to participate in project related syndicate loans.

FORBES: Financial Institution Shorts

Three scenarios project the effect of replacing lost generation either entirely by coal generation, entirely by generation from liquefied natural gas, or by an equal split of both.

FORBES: The Carbon Costs of Replacing Japan's Nuclear Power

The project will allow the effect of the changes to be monitored at different times of year.

BBC: Canterbury's Westgate Towers get full survey

Mr Billington first proposed the creation of a World Digital Library (WDL) to UNESCO in 2005, remarking that such a project could "have the salutary effect of bringing people together by celebrating the depth and uniqueness of different cultures in a single global undertaking".

UNESCO: Communication and Information

He added that Arsenal project that the "Emirates effect will continue to produce vast sums of money for years".

BBC: Arsenal bullish over ?200m income

Each discrete data point was simple enough -- the status of a project, levels of need, locations of assets -- but in aggregate, the effect was transformative.

CNN: People and computers need each other

It said a number of new planning and tourism laws were being debated in Greece which could have a "beneficial effect on the Crete project, if implemented".

BBC: Glasgow travel firm Minoan says trading 'robust'