How to win the Olympics

New York, London, Paris, Madrid, and Moscow are now competing to host the 2012 Summer Olympic Games. How does the International Olympic Committee pick a host city?

Is the selection process competitive?

It’s a marathon of shameless self-promotion, political infighting, and—when all else fails—outright bribery. Thus far, the five finalist cities for the 2012 Games have spent a combined $154 million to plead their cases. Each city’s Olympic-bid committee has pulled out all the stops. London introduced IOC inspectors to Queen Elizabeth and Mick Jagger, and wrapped the Millennium Dome in a 90,000-square-foot “London 2012” banner. New York arranged a breakfast at Tiffany’s and meet-and-greet events with Donald Trump and Meryl Streep, and plastered thousands of buses and taxis with ads touting the Big Apple’s virtues. The other competitors staged similar stunts.

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