Olympics: Are They Worth It?

Wednesday, July 25th, 2012

As everyone knows by now, the 2012 London Olympics open in just two days’ time. This blog is not so very interested, at least from an athletics point-of-view, although perhaps noteworthy incidents might still arise.

Meanwhile, Christian Hönicke from the German business newspaper Handelsblatt approaches the Games from a proper business perspective to expound on How metropolises profit from the Olympics. Yes, the medals-won table is already there over on the right side (all zeros for now, of course; “Afghanistan,” “Albania,” and right on through) and Hönicke’s piece is regularly interrupted by mini-accounts of past medal-winners, but the text itself provides a good treatment of the question: “Is it worth it for a city to host the Games?” (more…)

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