London to host Olympics 2012

It was perhaps one of the most awaited decisions this year - Choosing the next country to host the 2012 Olympic Games. The results are out and its London! Paris was the favourite in the race. Read all about it on the BBC. (note: at the time of writing this like is very slow!)

Paris was being counted as the favourite because of superior infrastructure. This decision means a lot for both the british economy as it will create thousands of new jobs for a good part of the next decade. I am expecting a sharp rise in the british stock market after this decision :)