Cidade Maravilhosa
Congratulations to Rio for winning the bid to host the 2016 summer Olympics.
A few observations from the bidding process. Chicago was supposedly the hot favourite going into the bidding round. It didn't even make it to the next round. It's the season of failed dreams. India and South Africa can vouch for it after their ICC Champions trophy ouster.
Out of the oft repeated Goldman term, "BRIC economies", its only India that will not have hosted the Olympics in another 7 years time. With Brazil, China and Russia already having hosted one summer Olympics.
This is not a crib about India's failure to host an Olympics. The estimated cost benefit analysis doesn't say too many positive things.But all that is for the future.
Celebrate and have a carnival.
All the best Rio!!