2009
26
Aug
Were there to be an Olympic event for wasting money, then Surrey council would win a gold for its performance.The council wants to appoint an Olympics co-ordinator on a three-year contract, tasked to ensure that “the Surrey 2012 programme has maximum i…
2009
14
Jul
In spite of the recession, Lord Coe continues to insist that the “fluid” budget for the London 2012 Olympics (currently standing at £12BN, including £2BN running costs) will not be cut.Given that the government is planning to make cuts in the public …
2009
23
Apr
The Liberal Democrats have warned that the organisers of the London 2012 Olympics have failed to award small businesses, promised a share of the games, despite the fact that a special website (CompeteFor) for matching Olympic suppliers with buyers has …
2009
21
Apr
The IOC return to London today, and will remain here until Thursday, to the review progress of the preparations for the London 2012 Olympic Games.Sebastian Coe, Chairman of the London 2012 Organising Committee, is quoted by the Associated Press speakin…
2009
17
Mar
Despite the fact that the property market has all but collapsed, there are still possibilities for those with “balls of steel” to make some money.That at least is the view that some estate agents and property development companies are trying to propaga…
2009
9
Mar
Despite the UK being in the grip of its worst recession for decades, it is comforting to know that those people who are “running” the London 2012 Olympics are still able to earn a crust.The chief executive of LOCOG the 2012 organising committee and for…
2009
26
Feb
President Barack Obama
President Barack Obama charted a dramatic new course for the nation Thursday with a bold but contentious budget proposing higher taxes for the wealthy and the first steps toward guaranteed health care for all — accompanied by an astonishing $1.75 trillion federal deficit that would be nearly four times the highest in [...]
2009
6
Feb
Despite the fact that we are now facing the worst recession for decades, the costs of the 2012 Olympics are defying normal economic laws during a recession and are continuing to rise.The Telegraph reports that the cost of venues have risen by £97M in …
2009
2
Feb
Every cloud has a silver lining, and it should come as no surprise to learn that even if the Olympics are a colossal waste of money and that we are facing the worst recession for decades, lawyers will still make money out of the games.That at least is …
2009
26
Jan
The International Olympic Committee (IOC) president, Jacques Rogge, has rather bizarrely claimed that the London 2012 Olympics has not overshot its budget.This is rather an “odd” statement given that the original “budget” for the games was £3.4BN, it …