The 2012 Summer Olympics in London starts in four days with the carefully choreographed opening ceremony. But a related spectator sport is already well underway: Dissecting the economic impact of the games.
A show we did in February looked at how big an economic boost cities really get from hosting the Superbowl, and much of the same analysis is being applied to this year's games.
Before its removal from outside the school's football stadium on Sunday, a statue of former football coach Joe Paterno was covered. An independent report concluded he was among top university officials who failed to act when they learned that Jerry Sandusky might be sexually abusing young boys.
Saying that the punishment is "warranted by the conspiracy of silence" among Penn State University's top leadership that turned a blind eye to former assistant football coach Jerry Sandusky's sexual abuse of young boys, the NCAA just announced sanctions on the school that include:
-- A $60 million fine. The money will go into an endowment fund to support programs around the nation that assist victims of sexual abuse, NCAA President Mark Emmert said.
President Obama and Mitt Romney this week will be courting military veterans and raising more money. Romney also will be taking his campaign overseas.
Both speak at the annual convention of the Veterans of Foreign Wars in Reno, Nev. Obama will address the group today. Romney speaks to the group tomorrow, before heading to London for opening ceremonies of the Summer Olympics.
Ten years ago, Romney ran the Winter Olympics in Salt Lake City, Utah.