Does It Pay to Host the Olympics?
It took Quebec 30 years to pay off its massive $1.5 billion debt from the 1976 Summer Games. And, according to VANOC, the 2010 Winter Olympics held in Vancouver, broke even. Do the financial risks of playing host city to the Olympics outweigh the benefits? Bob Richardson, executive VP, public affairs at Edelman Canada, and Harry Bains, MLA for Surrey-Newton and former opposition critic for Olympics and sports, joins Bloomberg TV Canada’s Rudyard Griffiths to debate the issue. (Source: Bloomberg)
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Full Show: Bloomberg Real Yield (09/15)
03:23 - Guests include: George Rusnak, Wells Fargo Investment Institute co-head of global fixed-income strategy, Kathy Jones, Schwab Center for Financial Research chief fixed-income strategist, and Matt Brill, Invesco senior portfolio manager. (Source: Bloomberg)