US loses Olympics 2016 opportunity
Every US citizen was hoping that Obama would be able to win the Olympics 2016 hosting for US. That could really spell doom for US in the near term and also in the long term. One of the key reasons for the smart economic progress of China in the last five years has been the hosting of Olympics games few years back. That has helped China in getting lot of foreign travelers into the country, and also helped it to widen the economic growth across China.
Brazil has grabbed the 2016 Olympics hosting opportunity and is expected to gain tremendously as a result. Brazil economic recovery for the years 2014 / 2015 and 2016 are fairly assured due to the Olympics game hosting.