The International Olympic Committee took the unprecedented step of announcing the 2024 and 2028 Olympic host cities (Paris and LA), because both cities were bidding unopposed, and LA had to be bribed with a $1.8B "grant" from the IOC to agree to host the games.
The yawning disinterest in hosting the Olympics follows from decades of out of control cost overruns, corruption scandals, funny accounting, ethnic cleansing in host-cities, militarized security and human rights violations during the games, trademark bullying, rampant commercialization, petty censorship, and unstoppable cheating.
Financial prudence was also one of the major reasons behind Los Angeles and Paris being touted as favourites for the 2024 race, even before the dropouts. Since these cities already have plenty of infrastructure in place, the public and the IOC feel enthusiastic about their readiness. It is worth stating that the LA Olympic bid committee estimates an expenditure of only $5.3 billion, arguing that a profitable Games like the one in 1984 when the city earned over $200 million could be on the cards.
But it is worth noting that in a time of difficulty, the Olympics have returned to two of the major cities of the Western world. The Games have always been Eurocentric, with an emphasis on games that originated or developed in the modern West. Now, after a dalliance with internationalism (if only in name), the Games are back to where they ‘belong’.
Why Nobody Wants the Olympics
(via Naked Capitalism)
In 2006, Aaron Patzer founded Mint. Patzer had grown up in the city of Evansville, Indiana—a place he described as "small, without much economic opportunity"—but had created a successful business building websites. He kept up the business through college and grad school and invested his profits in stocks and other assets, leading to a minor […]
Tron: Evolution is a Disney video-game that comes with the notorious Securerom DRM (previously). Thanks to unspecified DRM issues, anyone who bought the game but didn't activate it can no longer do so, a situation that has been known since at least October. Disney says they're working on a patch but won't commit to a […]
Last March, game devs Alex Schwartz and Ziba Scott gave a presentation at the Game Developers Conference called "1,500 Slot Machines Walk into a Bar: Adventures in Quantity Over Quality in which they described how their own dissatisfaction with falling revenues from mobile app stores led them to muse about bulk-creating crappy apps and seeing […]
When the SNES launched back in the early 1990s, it changed gaming forever. One of the innovations was a gamepad with four action buttons — something that has remained a constant on controllers ever since. The 8BitDo SN30 Bluetooth Gamepad brings that iconic design up to date, with Bluetooth connectivity and support for multiple platforms. […]
After a long day at work, cooking a meal from scratch can seem like too much trouble. Unfortunately, the alternative is usually something unhealthy. Enter the Mellow Sous Vide Precision Cooker. This compact water bath uses cutting-edge technology to cook meat and veggies at the perfect temperature for exactly the right amount of time. It […]
In the course of any day, we encounter many different audio environments. If you are wearing earbuds, the ambient noise level can affect your listening experience. The HUB wireless earbuds adapt to different surroundings using smart noise-cancellation technology. They can either block out distractions or enhance conversations. They are normally priced at $250, but you […]