Colossal Waste of Money: 2010 Olympics

The Games’ biggest sponsor, Bell Canada and affiliates including The Globe and Mail and CTV, is in for at least $200-million. That represents the largest corporate sponsorship in Canadian history.Bell and its affiliates are paring back, slashing thousands of jobs this year as they struggle to increase longer-term profits. But there is no risk to VANOC, said Loring Phinney, Bell vice-president of Olympic and corporate marketing: “We are a very stable organization.”

globeandmail.com: Can the 2010 Games avoid a financial crash?

Um… helloo?

I’m going to say it right now:

THE EMPEROR IS WEARING NO CLOTHES!!!!!!!!!!!

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