TSX HEADLINES – for October 8, 2018: One of the highest-profile critics of the Olympic Games was invited by the International Olympic Committee at its Olympism in Action Forum in Buenos Aires in Argentina on the weekend. And he didn’t disappoint.
Chris Dempsey, a co-founder of No Boston Olympics, shared his critique of the financial arrangements between the IOC and the host city of any Olympic or Winter Games and said, bluntly, “the Olympic Games just do not pencil out. They just do not make economic sense.”
He had a lot more to say and was quite specific, which made his comments some of the most instructive of the program. And he had surprises in store for those who have dismissed him as simply being against everything that the Olympic Games are.
We have the complete details in our Lane One commentary, along with the start of the Youth Olympic Games, another blow-out win for the U.S. women’s soccer team and a fabulous FINA Swimming World Cup:
(1) THE TICKER: The Youth Olympic Games have started in Buenos Aires, with a massive Opening Ceremony … but new information shows the Games are expected to cost 15% more than initially projected. However, this is 40% less than the organizers expected to spend!
(2) THE BIG PICTURE: The World Anti-Doping Agency published its annual report, including its budget, of which about half is paid by the International Olympic Committee. Is that a good thing?
(3) FOOTBALL: The no. 1-ranked U.S. women’s national team pounded Panama, 5-0, in a complete mismatch in its second game of the CONCACAF Women’s Championships. The game featured a hat trick by Carli Lloyd!
(4) SWIMMING: Sensational FINA World Cup short-course meet in Budapest, with world records from China’s teenage star, Jianjiahe Wang, Brazil’s Nicholas Santos and Jamaican Alia Atkinson, plus American Records by Kathleen Baker, Blake Pieroni, Kelsi Dahlia and Melanie Margalis!
(5) VOLLEYBALL: Four are still undefeated: the U.S., the Netherlands, Serbia and Italy are all 1-0 in the second round of the FIVB women’s World Championships in Japan. One has won all six of its matches in three straight sets!
This issue includes ON DECK previews of Beach Volleyball ~ Cycling; SCOREBOARD reports on Athletics ~ Badminton ~ Equestrian ~ Football ~ Gymnastics ~ Shooting ~ Swimming ~ Volleyball, plus AGENDA, our exclusive calendar of upcoming international events!Want to stay informed on the worldwide carousel of sports? There’s only one way to follow all 41 sports on the Olympic program: read The Sports Examiner! Join the fun today and get more than 150 issues a year delivered directly to your e-mail inbox: Click here to subscribe!