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The International Olympic Committee: Recession Proof

From now on, we’ll be rationing tissues… Jacques Rogge, the head of the IOC recently warned member nations that the Olympic movement will have to tighten its belt, given the steadily worsening global economy. John Furlong, the CEO of Vancouver 2010, has sounded similarly gloomy warnings, suggesting that Vanoc may have to look for budget reductions. But somewhere in the Olympic world, the sun still shines.