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Economics

Chicago HOT for 2016 Olympics

At what was basically a pep rally Tuesday for the city's business elite, Mayor Richard M. Daley touted Chicago as the best city for the U.S. bid for the 2016 Summer Olympic Games.

Daley listed several reasons why Chicago should be chosen, including its position as one of the top economic centers in the world, its ability to handle large crowds, its residents' love of athletic competitions and the natural beauty of the city -- with Lake Michigan providing a backdrop for many of the events. Daley also said the Chicago proposal has the benefit of being compact. All the athletes would be located within 15 minutes of the venues where they would compete, he said.


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The 'success' of Barcelona

Barcelona Housing Demo October 2006Barcelona Housing Demo October 2006

From: The role of Mega events in urban competitiveness and its consequences on people, Carolina del Olmo, Universidad Complutense, Sept 2004

We are tired of hearing about the “Olympic legacy” and the official discourse is repeated again and again that when the mega-event concludes, the installations will remain in the city.


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'Opportunity Costs' of Olympics

Estimating the Cost and Benefit of Hosting Olympic Games: What Can Beijing Expect from Its 2008 Games?

From: The Industrial Geographer, Fall 2005, Jeffrey G Owen,

ABSTRACT

Cities who host the Olympic Games must commit to significant investments in sports venues and other infrastructure. It is commonly assumed that the scale of such an event and the scale of the preparation for it will create large and lasting economic benefits to the host city.


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Sportswear: a sweatshop industry

"Postmodernity means if anything coercion" (Cooke, 1988). The counterpoint of the disciplinary subject, honing a body without limits at corporate behest, the 'celebration of excellence', is sweated labour on the fringes of Europe and in the Far East. Oxfam, fair trade and trade union campaigners have highlighted factory exploitation and health hazard in the internationalised manufacture of sports clothing, footwear and other goods in their Fair Olympics report Play Fair at the Olympics, Respect Workers' Rights in the Sportswear Industry, 2004. The report was drawn up for a campaign around the 2004 Athens Olympic Games.


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Newham house prices forecast to rise 43% in five years

John Husband, Mirror Money, 27 9 06

Prices in Newham in East London are set to take off by 43 per cent as the 2012 London Olympics draw closer.

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Greenwich Council’s business plan

News Shopper 17th September 2006

Greenwich Council has joined forces with four other Olympic boroughs in a £50m bid to encourage business growth in their areas.

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