International Olympic Committee bans GIFs

They've "expressly prohibited" turning anything from the Olympics into "animated formats such as animated GIFs (i.e. GIFV), GFY, WebM, or short video formats such as Vines." Read the rest

The Olympics are profitable for every host city (that lies about the numbers)

Going for the Gold: The Economics of the Olympics, a paper in the Journal of Economic Perspectives analyzes the economics of hosting the Olympics, indicting the numbers game played by bid committees and the IOC. Read the rest