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Olympic Gold worth £400million

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richardm...@googlemail.com

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Aug 10, 2012, 6:34:05 AM8/10/12
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With each British gold medal costing the tax payer £400million i wonder how many of us would of prefered a space programme? I would, imagine the possibilities mining on the moon or mars for rare minerals

http://uk.news.yahoo.com/mars-rover-beams-back-amazing-panorama-images-013541952.html

GB

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Aug 10, 2012, 7:21:20 AM8/10/12
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On 10/08/2012 11:34, richardm...@googlemail.com wrote:
> With each British gold medal costing the tax payer £400million i wonder how many of us would of prefered a space programme? I would, imagine the possibilities mining on the moon or mars for rare minerals
>
> http://uk.news.yahoo.com/mars-rover-beams-back-amazing-panorama-images-013541952.html
>

Where do you get £400m from? Total cost of games divided by number of
medals?

You trained in accounts?!

Special Care

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Aug 10, 2012, 7:23:46 AM8/10/12
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This is a dying civilisation.

Bread and circuses to prevent the masses from rebelling against the
emperor.

Frayed

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Aug 10, 2012, 7:42:39 AM8/10/12
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"Special Care" <special...@gmail.com> wrote in message
news:ec9f0a85-188f-416d...@k21g2000vbn.googlegroups.com...
> This is a dying civilisation.
>
> Bread and circuses to prevent the masses from rebelling against the
> emperor.
>

A very aposite observation.
I had no idea it would happen in my lifetime.

A. Little disturbed.


richardm...@googlemail.com

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Aug 10, 2012, 8:05:21 AM8/10/12
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On Friday, August 10, 2012 12:21:20 PM UTC+1, GB wrote:
> On 10/08/2012 11:34, richardm...@googlemail.com wrote: > With each British gold medal costing the tax payer �400million i wonder how many of us would of prefered a space programme? I would, imagine the possibilities mining on the moon or mars for rare minerals > > http://uk.news.yahoo.com/mars-rover-beams-back-amazing-panorama-images-013541952.html > Where do you get �400m from? Total cost of games divided by number of medals? You trained in accounts?!


http://www.guardian.co.uk/sport/datablog/2012/jul/26/london-2012-olympics-money

9.3bn - 2.18bn (lottery) /25 = £284m

if you include the lottery money that comes from the public too

it works out at £372m

Ive seen higher figures on the t'net

GB

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Aug 10, 2012, 9:20:08 AM8/10/12
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On 10/08/2012 13:05, richardm...@googlemail.com wrote:
> On Friday, August 10, 2012 12:21:20 PM UTC+1, GB wrote:
>> On 10/08/2012 11:34, richardm...@googlemail.com wrote: > With each British gold medal costing the tax payer �400million i wonder how many of us would of prefered a space programme? I would, imagine the possibilities mining on the moon or mars for rare minerals > > http://uk.news.yahoo.com/mars-rover-beams-back-amazing-panorama-images-013541952.html > Where do you get �400m from? Total cost of games divided by number of medals? You trained in accounts?!
>
>
> http://www.guardian.co.uk/sport/datablog/2012/jul/26/london-2012-olympics-money
>
> 9.3bn - 2.18bn (lottery) /25 = £284m
>
> if you include the lottery money that comes from the public too
>
> it works out at £372m
>
> Ive seen higher figures on the t'net
>

It's a daft statistic. Completely useless.

Some of the points that have eluded you are:
1. Next olympics will cost us next to nothing, and we'll still get
medals. It would make more sense to divide the athletics training
budget by the medals, which works out at around 4 mill per medal.
2. There has been a boost to the economy from all this - loads of
for'ners coming here and spending money
3. Lots of jobs created. My son, for example, has been earning £2k a
week just ferrying NBC news teams around.
4. There's been a direct cash injection of around £2bn into the UK
economy from IOC and sponsors.
5. We will end up with loads of new infrastructure, which won't be
completely worthless.



richardm...@googlemail.com

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Aug 10, 2012, 9:49:13 AM8/10/12
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On Friday, August 10, 2012 2:20:08 PM UTC+1, GB wrote:
> On 10/08/2012 13:05, richardm...@googlemail.com wrote: > On Friday, August 10, 2012 12:21:20 PM UTC+1, GB wrote: >> On 10/08/2012 11:34, richardm...@googlemail.com wrote: > With each British gold medal costing the tax payer �400million i wonder how many of us would of prefered a space programme? I would, imagine the possibilities mining on the moon or mars for rare minerals > > http://uk.news.yahoo.com/mars-rover-beams-back-amazing-panorama-images-013541952.html > Where do you get �400m from? Total cost of games divided by number of medals? You trained in accounts?! > > > http://www.guardian.co.uk/sport/datablog/2012/jul/26/london-2012-olympics-money > > 9.3bn - 2.18bn (lottery) /25 = �284m > > if you include the lottery money that comes from the public too > > it works out at �372m > > Ive seen higher figures on the t'net > It's a daft statistic. Completely useless. Some of the points that have eluded you are: 1. Next olympics will cost us next to nothing, and we'll still get medals. It would make more sense to divide the athletics training budget by the medals, which works out at around 4 mill per medal. 2. There has been a boost to the economy from all this - loads of for'ners coming here and spending money 3. Lots of jobs created. My son, for example, has been earning �2k a week just ferrying NBC news teams around. 4. There's been a direct cash injection of around �2bn into the UK economy from IOC and sponsors. 5. We will end up with loads of new infrastructure, which won't be completely worthless.

1. Next olympics will cost us next to nothing, and we'll still get
medals. It would make more sense to divide the athletics training
budget by the medals, which works out at around 4 mill per medal.

So had the 2012 Olympics been held elsewhere we would have forfeited the games. Those countrys that have never held the Olympics still get to go.

2. There has been a boost to the economy from all this - loads of
for'ners coming here and spending money

There are reports that other site have seen a drop in their income.


3. Lots of jobs created. My son, for example, has been earning �2k a
week just ferrying NBC news teams around.

For 9 billion they could pay for the HSR network which would employ people too. That would improve the infrastruce of the country which is what should be done during a recession. My local airport intends to offer commercial flights to London (but they require investment). This would make it more easier for me and others in my county to visit London.

4. There's been a direct cash injection of around �2bn into the UK
economy from IOC and sponsors.

If anything it will benefit London and even then i bet the costs exceed the increased income.

5. We will end up with loads of new infrastructure, which won't be
completely worthless.

And how does that benefit the country. A sports hall at Samual Ward academy cost £1.5m I reckon for £9bn we could have a new sports hall in every city and town in the entire country.

And we could improve the Internet network which would allow not only their residents but British Small Businesses to have or improved access to the internet their growth will creat job creation. Increasingly access to the internet appears to be more and more important, I had to book my hospital appointment recently by internet. You cant buy computer programs now you have to download them off the internet, fine if you have a connection and if there is a issue with the connection while in use your stuffed.

We could provide those drugs that NICE have said are too expensive.

http://www.haverhillecho.co.uk/community/community-news/building-work-starts-on-new-sports-hall-at-samuel-ward-academy-in-haverhill-1-3401767

Peter Turtill

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Aug 10, 2012, 4:59:18 PM8/10/12
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There are austerity measures for others by the look of things.

pete

Owain

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Aug 11, 2012, 7:36:41 AM8/11/12
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On Aug 10, 11:34 am, richardmckenzi...@googlemail.com wrote:
> With each British gold medal costing the tax payer £400million

Are MOD Procurement in charge of buying the gold then?

Owain

ARWadsworth

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Aug 11, 2012, 8:07:03 AM8/11/12
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http://www.bbc.co.uk/news/business-19144983

suggests �450 per gold medal.

--
Adam


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