The Closing Ceremony, and all the Sporting Drama in between. But another, less welcome tradition has also emerged the Spiralling Cost Of Playing Host to the games. After a period of Keeping Costs down, a new University Of Oxford study reveals that since 2008, Cost Overruns are back. Host cities like paris are locked in to spending a lot more than they were expecting to when they bid for the games. According to this academic analysis, the last three Olympic Games combined cost 51 billion. Budgets overran by 185 . The Summer Games in paris this year, according to the report, was meant to cost 3. 5 billion euros. Instead, that cost has spiralled to 8. 8 Billion euros. And the next games in 2028 thats in Los Angeles Theyve already busted their original budget, revising an initial cost of 5. 3 billion up to 6. 8 Billion, and theres still four years to go. But its notjust an olympics issue. The commonwealth games, two years from now, may not happen at all, after the australian state of victo
From paris, and ill talk to the boss of one of londons leading high Tech Business spaces, which was the olympic Broadcast Centre in 2012. And later in the show, hes produced and been the creative director of more Olympic Ceremonies than anyone else. Marco balich tells me about The Business Of Pitching for and producing the greatest show on earth. Plus, she won two Gold Medals in the pool before turning her passion into a nationwide business. Britains Rebecca Adlington is our golden guest on this Talking Business olympics special. Welcome to Talking Business. Now, the Olympic Flame is lit in paris and the Summer Games are on. The games have many grand traditions, from the journey of the torch from greece to the host city, to the Closing Ceremony, and all the Sporting Drama in between. But another, less welcome tradition has also emerged, the spiralling cost of Playing Host to the games. After a period of Keeping Costs down, a new University Of Oxford study reveals that since 2008, Cost
Immediately convene the security cabinet. I can say that the state of israel will not let this pass in silence, will not overlook this. Earlier, an Israeli Military spokesman had this to say about the attack. Against his brother, we will hezbollah, we will attack. This shows the true face of hezbollah. This is an organisation that targets and murders children playing soccer on a saturday evening. We will act to restore full security on our northern border for all the citizens of the state of israel. Our diplomatic correspondent Paul Adams is in jerusalem with more. I was with our western diplomat when news of the attack broke, and he expressed the concern that everyone here is feeling tonight which is that this is precisely what people of been worried about, fearing for the past ten months, that the simmering conflict along israels northern border with lebanon would result in a Mass Fatality Event which would trigger a much bigger conflict. I think it is inevitable that israel will rep
Very good platform to run on which is a continuation of the Joe Biden policies you are seeing inflation coming down and the Stock Market is at an all time high. As you and i know Wall Street likes Little Change and they like tepid moderate things. If you contrast that to what Donald Trump is suggesting he wants Sky High tariffs but the other thing he wants which i can tell you many americans do not want is a deportation programme. He calls for a deportation of 15 Million people in the United States and he is saying they are illegal in the country. I want to point out to people that those 15 Million people are the Ball Walk of the Labour Force inside the economy and they generate up to i of gdp. It would be fully him to do that and then to Jack Tariffs Up that and then to Jack Tariffs Up on the american people. As you and i know those tariffs are paid for or by the consumers here in america. They are not paid by other governments or the manufacturer. So these things, if she can do a goo
Of Thejoe Biden policies. You are seeing inflation coming down and the Stock Market is at an all time high. As you and i know Wall Street likes Little Change and they like tepid moderate things. If you contrast that to what Donald Trump is suggesting, he wants Sky High tariffs but the other thing he wants which i can tell you many americans do not want is a deportation programme. He calls for a deportation of 15 Million people in the United States and he is saying they are illegal in the country. I want to point out to people that those 15 Million people are the bulwark of the Labour Force inside the economy and they generate up to i of gdp. It would be foolish for him to do that and then to jack tariffs up on the american people. As you and i know those tariffs are paid for or by the consumers here in america. They are not paid by other governments or the manufacturer. So these things, if she can do a good job contrasting her view to this more extreme view that President Trump has i t