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Rio de Janeiro gets the 2016 Olympics. And the winner is... ?

Of the four final candidate cities to host the 2016 Olympic Games, I believe the best choice won. Congratulations to the people behind the Rio 2016 bid.

I have serious problems in offering commiserations to the Chicago/USA camp, for all the effort put in. More analysis from me to come, but if you want eight minutes of comedy, watch this discussion from the CNBC Power Lunch crew as news broke that Chicago was the first city eliminated from voting:

Olympics 2016: The candidates' YHAGNIOT form guide

Later today the host city for the 2016 Olympic Games will be announced. On the principle of "You've had a go now it's our turn", the winner should be Rio de Janeiro. It's not that simple, of course.

Of the four candidate cities, the first to be eliminated under the YHAGNIOT Principle would be Madrid. The Games are set for Western Europe in 2012 (London), and were last held in Spain in 1992 (Barcelona) - unless you dismiss the latter as a selfish act of Samaranch parochialism.

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