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News Link • OLYMPICS London Summer 2012

Were The Olympic Games An Economic Disaster?

•, Adam Taylor
 The good news — it restored British pride

Team Great Britain outperformed the somewhat meager expectations to win 29 Gold Medals and 64 total medals (weirdly almost exactly Goldman's estimate) — making it the best GB performance since 1904, back when the Games included sports such as biking polo.

It was a huge boost for a country that believes (wrongly or rightly) they underperform in sports, and created new sporting stars for the UK — most notably the dominating, mod-attired cyclist Bradley Wiggins, and the charismatic long distance runner Mo Farah.

Most Brits and Londoners — even the "Olympic Grinches" negative about the games before their start — seem happy with the way the games turned out. Expatriate CNN host Piers Morgan proudly proclaimed the event the "greatest Games in the history of the Olympics".
The rest of the world seems pretty happy with the games too. The Times of London has collected some of the "global acclaim" for the Games today, and one report from the Melbourne Age is particularly striking:
“The only conclusion heading out of the stadium for the final time was that the most beautiful opening ceremony launched the best Olympics which were brought to a close by a smash hit epitaph.”

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