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Japan should cut its losses and tell the IOC to take its Olympic pillage somewhere else - "The answer is that the IOC derives its power strictly from the Olympic 'host contract.' It’s a highly illuminating document that reveals much about the highhanded organization and how it leaves host nations with crippling debts. Seven pages are devoted to 'medical services' the host must provide — free of charge — to anyone with an Olympic credential, including rooms at local hospitals expressly reserved for them and only them. Tokyo organizers have estimated they will need to divert about 10,000 medical workers to service the IOC’s demands.
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"The predicament in Tokyo is symptomatic of a deeper, longer-lasting illness in the Olympics. The Games have become a to-the-very-brink exercise in pain and exhaustion for everyone involved, and fewer countries are willing to accept these terms. Greed and blowout costs have rendered it an event that courts extreme disaster. In September, a report out of Oxford University’s business school found that the IOC has consistently “misled” countries about the risks and costs of hosting. Example: The IOC pretends that a contingency of about 9.1 percent is adequate to cover unforeseen expenses.
"The true average cost overrun on a Summer Games? It’s 213 percent.
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"This is why virtually the only government leaders that will have anything to do with the IOC anymore are thugocrats such as Vladimir Putin and Xi Jinping, who can coerce labor and spend limitlessly for prestige. Over the past 20 years, other potential hosts have dried up. Among those who have wisely said no to the IOC: Barcelona, Boston, Budapest, Davos, Hamburg, Krakow, Munich, Oslo, Rome, Stockholm and Toronto."
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