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The economics of the Olympics
  + stars: | 2024-07-26 | by ( Alicia Wallace | Alex | Leeds Matthews | ) edition.cnn.com   time to read: +12 min
“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.
Persons: , Victor Matheson, , “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, , Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, , Lake Placid , New York, Lake Placid, , Los Angeles, Oklahoma
It is unlikely that any team has ever arrived at an Olympics the way the men’s soccer team of Israel rolled up to the Parc de Princes on Wednesday night. Police vans led the way, dozens of them filled with squads of French riot police and surrounded by a phalanx of officers on motorcycles. Then came more vans, more police outriders, more sirens — a stunning show of force with one task: to protect the first Israeli participants to take the field of play in the Paris Games. The security of Israel’s team at the Olympics — any Olympics — has been a critical issue since the killing of 11 athletes and coaches at the Munich Games in 1972. The ongoing war in Gaza and the global protests that have accompanied it have made the Paris Games perhaps the most fraught sporting event featuring Israeli athletes in the half-century since then.
Persons: Organizations: Princes, Police, Games, Paris Games, Olympics, Munich Games Locations: Israel, Gaza
Opening Ceremony like no-otherThe Opening Ceremony of the Paris Olympics is set to take place on July 26 and will be the first ever held on a river. For years, French officials had boasted that some 600,000 people would attend the Opening Ceremony, but that number has been slashed due to safety concerns. He said a “strictly controlled” zone alongside the banks of the river will be closed off before the Opening Ceremony and anyone entering into it would be checked. The Opening Ceremony will be held alongside the banks of the River Seine. The Stade de France is where track and field events and Rugby Sevens matches will take place at the Paris Olympics.
Persons: Gérald Darmanin, Darmanin, Nicolas Nordman, , Gonzalo Fuentes, Nordman, Denis, Dale Buckner, ” Buckner, ” Darmanin, , Eric Chasboeuf, Thomas Padilla, “ I’ve, ” Chasboeuf, Buckner Organizations: CNN, Summer, Games, Palestinian, Atlanta Games, Reuters, Paris, Paris Mayor, Olympic, Stade de France, Rugby Sevens, Global Locations: Paris, France, Saint
He is the author of six books on the politics of the Olympic Games, most recently “What Are the Olympics For?” The views expressed here are his own. France enacted an Olympic Games Law in May 2023 that legalized the use of AI-driven video surveillance this summer and allowed experimentation with intelligent video surveillance until March 31, 2025. The law made France the first nation in the European Union to greenlight biometric surveillance systems. She told me that the Olympic Law “infringes the right to privacy, the right to be anonymous in the streets.”“Everything in this is political,” Levain said. The French Ministry of the Armed Forces unveiled plans to use HELMA-P, an anti-drone laser weapon system prototype, at the Paris Games.
Persons: Jules Boykoff, Emmanuel Macron, Jules Boykoff Jessi, , ” Noémie, , ” Levain, , Gérald Darmanin, we’ve, Amelie Oudea, Macron, Natsuko Sasaki, Laurent Nuñez, Le, Danielle Simonnet, Thomas Bach Organizations: Pacific University, Olympic Games, CNN, Olympic, Games, ISIS, Stade de France –, Law, European Union, Amnesty International, European Civic Forum, Human Rights, Ministry of, France’s, French Ministry of, Armed Forces, Paris Games, Stade de France, Paris Police, Le Parisien, Paris, Patriotes, Palais Royal, National Assembly, France Insoumise Party Locations: Paris, Palestinian, Atlanta, France, Le, Europe, Moscow
JERUSALEM (Reuters) - Israel will hunt down Hamas in Lebanon, Turkey and Qatar even if it takes years, the head of Israel's domestic security agency Shin Bet said in a recording aired by Israel's public broadcaster Kan on Sunday. It was unclear when Shin Bet chief Ronen Bar made the remarks or to whom. We will do this everywhere, in Gaza, in the West Bank, in Lebanon, in Turkey, in Qatar. More than 15,500 people have been killed so far during Israel's offensive in Gaza since, according to Gaza's health ministry. Other than in Gaza, Hamas leaders reside in or frequently visit Lebanon, Turkey and Qatar.
Persons: Shin Bet, Kan, Shin, Ronen Bar, Bar, Israel, Khaled Meshaal, Jordan, Benjamin Netanyahu, Maayan Lubell, Howard Goller Organizations: Israel's, West Bank, Olympic, Black, European Union Locations: JERUSALEM, Israel, Lebanon, Turkey, Qatar, Munich, Gaza, Palestinian, Australia, Canada, Japan, United States, Jordan
Israel Defense Forces/Handout via REUTERS Acquire Licensing RightsJERUSALEM, Dec 3 (Reuters) - Israel will hunt down Hamas in Lebanon, Turkey and Qatar even if it takes years, the head of Israel's domestic security agency Shin Bet said in a recording aired by Israel's public broadcaster Kan on Sunday. It was unclear when Shin Bet chief Ronen Bar made the remarks or to whom. We will do this everywhere, in Gaza, in the West Bank, in Lebanon, in Turkey, in Qatar. More than 15,500 people have been killed so far during Israel's offensive in Gaza since, according to Gaza's health ministry. Other than in Gaza, Hamas leaders reside in or frequently visit Lebanon, Turkey and Qatar.
Persons: Shin Bet, Kan, Shin, Ronen Bar, Bar, Israel, Khaled Meshaal, Jordan, Benjamin Netanyahu, Maayan Lubell, Howard Goller Organizations: Hamas, Israel Defense Forces, REUTERS Acquire, Rights, Israel's, West Bank, Olympic, Black, European Union, Thomson Locations: Gaza, Israel, Palestinian, Lebanon, Turkey, Qatar, Munich, Australia, Canada, Japan, United States, Jordan
Virgin Galactic plans to launch its first space tourist flight. Watch it here:Who are Virgin Galactic's first space tourists? These are the first commercial passengers to fly aboard Virgin Galactic's first private commercial spaceflight, due to take off Thursday. "The whole team just swarmed into my house saying 'You're the winner, you're going to space,'" Schahaff told the BBC. This is Virgin Galactic's second commercial flight and the first to carry paying customers.
Persons: Richard Branson's Virgin, Sir Richard, Jon Goodwin, Keisha Schahaff, Virgin Galactic's, Virgin Galactic Goodwin, Goodwin, Schahaff, Anastatia Mayers, Beth Moses, Richard Branson, Elon Musk, OceanGate Organizations: Virgin, Service, VSS Unity, Virgin Galactic, Sky News, BBC, University of Aberdeen, Italian Air Force, National Research Council of Italy, Galactic's, Galactic Locations: Wall, Silicon, Munich, nought, Antigua, London, Caribbean, Scotland, New Mexico
Virgin Galactic plans to launch its first space tourist flight on Thursday. These are the first commercial passengers to fly aboard Virgin Galactic's first private commercial spaceflight, due to take off Thursday. Keisha Schahaff won her tickets through a raffle while on a Virgin flight from Antigua to London in 2021. "The whole team just swarmed into my house saying 'You're the winner, you're going to space,'" Schahaff told the BBC. This is Virgin Galactic's second commercial flight and the first to carry paying customers.
Persons: Richard Branson's Virgin, Sir Richard, Jon Goodwin, Keisha Schahaff, Virgin Galactic's, Virgin Galactic Goodwin, Goodwin, Schahaff, Anastatia Mayers, Beth Moses, Richard Branson, Elon Musk, OceanGate Organizations: Virgin, Service, New Mexico's, Sky News, Virgin Galactic, BBC, University of Aberdeen, Italian Air Force, National Research Council of Italy, VSS Unity, Galactic's, Galactic Locations: Wall, Silicon, New, America, Munich, nought, Antigua, London, Caribbean, Scotland, New Mexico
CNN —The first Olympian and the first mother-daughter duo to venture to space will be aboard Virgin Galactic’s inaugural private astronaut mission in August. Virgin Galactic and commercial spaceflightThe flight window opens for the mission, dubbed Galactic 02, on August 10, and the launch will stream live on Virgin Galactic’s website. The announcement comes on the heels of the successful launch and landing of Virgin Galactic’s first commercial spaceflight on June 29. The passengers boarded the VSS Unity, attached to a massive aircraft called VMS Eve, at Virgin Galactic’s spaceport in New Mexico. VMS Eve took off like an airplane, delivering VSS Unity to a designated altitude.
Persons: Keisha Schahaff, Anastatia Mayers, ” Schahaff, Jon Goodwin, Goodwin, Parkinson’s, ” Goodwin, don’t, Beth Moses, Moses Organizations: CNN, Virgin Galactic’s, Space, Humanity, . Virgin Galactic, University of Aberdeen, Virgin Galactic, Virgin, Italian Air Force, VSS, VSS Unity Locations: Caribbean, Antigua, Scotland, New Mexico
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