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Rising Cost of Olympics Begs Question: Why Host?

With the Winter Olympics beginning this week, the world’s attention is turning to Sochi. But when the athletes and tourists leave, Russia will have spent more than $50 billion to stage the games. As the costs soar, it is worth noting the benefits and pitfalls of hosting an Olympics. When the Olympic flame arrives in the seaside town, all eyes will be on seven brand new facilities along the coast, and a new, world-class ski resort in the nearby mountains. For 17 days, the world’s best...

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