Unix Timestamp: 1227225600
Friday, November 21. 2008, 12:00:00 AM UTC


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Friday, November 21, 2008

The 2010 Winter Olympics in Vancouver may be facing challenges as several corporate sponsors may stop financing the Olympics due to the crisis. The Russian government announces it will review spending on the 2014 Winter Olympics in Sochi, saying it had set a target of saving some money. International Olympic Committee President Jacques Rogge says there is no issue of financing for the coming three Games: the 2010 Olympics, the 2012 Summer Games in London, and the 2014 Winter Games however, the organizers may need to hold down the size of the Games to cope with the global financial downturn. //www.theglobeandmail.com/servlet/story/RTGAM.20081122.wIOC22/BNStory/National/?page=rssid=RTGAM.20081122.wIOC22 (The Globe and Mail) //www.guardian.co.uk/artanddesign/2008/nov/22/architecture-russia-norman-foster-tower (The Guardian) //www.timesonline.co.uk/tol/sport/olympics/london_2012/article5003605.ece (The Times)
Construction of several skyscraper buildings in Russia (Norman Foster's Russia Tower, Gazprom's Okhta Center) are canceled due to lack of credit available during the global financial crisis. //www.guardian.co.uk/artanddesign/2008/nov/22/architecture-russia-norman-foster-tower (The Guardian)
Source: Wikipedia