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)
Whether it's paying for burying dedicated power-lines for data-centers, winning below-cost sweetheart deals on electricity rates, or securing tax-breaks and incentives to set up shop, Amazon Web Services has proven time and again that it is the nation's best cost-shifter, enjoying billions in tax-funded gifts for operating data centers that employ almost no one and […]
Evan Greer from Fight for the Future writes, "At this moment in history, it's just not okay for tech companies to support government agencies that are openly violating human rights. But while Salesforce's executives have been speaking out against US immigration policies, the company is maintaining a multimillion dollar contract with US Border Patrol. We […]
PepsiCo is buying SodaStream for $3.2 billion. SodaStream’s products, marketed as a healthy alternative to sugary sodas, fit Pepsi’s goal of “making more nutritious products while limiting our environmental footprint,” (Pepsi CEO Indra) Nooyi said in a statement. “Together, we can advance our shared vision of a healthier, more sustainable planet.” (CNN)
With little more than a microphone and a bright idea, just about anyone can start their own podcast, but only a handful ever make it to “Serial”-level success. Featuring insight from a host of podcasting experts, the How To Start A Podcast Bundle Feat. John Lee Dumas breaks down the anatomy of a successful podcast, and […]
Drones are undeniably cool, but not all of us have the Top Gun-level piloting skills required to fly them—unless you’re using TRNDlabs’ new Spectre Drone. Designed new and expert pilots alike, this drone is loaded with fly assist features to make piloting easy, all the while you explore using its built-in HD camera. It’s available in the […]
Whether you’re set to give the toast at your best friend’s wedding or a presentation at work, you’ll be relying on those public speaking lessons you slept through during high school. Scary thought, right? Thankfully, the Public Speaking Bundle is loaded with hacks, tips, and techniques that will get you speaking more naturally and with confidence, […]