I study the economic value of obesity—a status symbol in poor countries associated with raised health risks. Randomizing decision-makers in Kampala, Uganda to view weight-manipulated portraits, I find that obesity is perceived as a reliable signal of wealth but not of beauty or health. Thus, leveraging a real-stakes experiment involving professional loan officers, I show that being obese facilitates access to credit. The large obesity premium, comparable to raising borrower self-reported earnings by over 60 percent, is driven by asymmetric information and drops significantly when providing more financial information. Notably, obesity benefits and wealth-signaling value are commonly overestimated, suggesting market distortions.

How do international sports events shape repression in authoritarian host countries? International tournaments promise unique gains in political prestige through global media attention. However, autocrats must fear that foreign journalists will unmask their wrongdoings. We argue that autocracies solve this dilemma by strategically adjusting repression according to the spatial-temporal presence of international media. Using original, highly disaggregated data on the 1978 World Cup, we demonstrate that the Argentine host government largely refrained from repression during the tournament but preemptively cleared the streets beforehand. These adjustments specifically occurred around hotels reserved for foreign journalists. Additional tests demonstrate that (1) before the tournament, repression turned increasingly covert, (2) during the tournament, targeting patterns mirrored the working shifts of foreign journalists, (3) after the tournament, regime violence again spiked in locations where international media had been present. Together, the article highlights the human costs of megaevents, contradicting the common whitewashing rhetoric of functionaries.