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Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Saturday, March 21, 2026

Love, Lies and Luxury: South Africa’s Slay Queens | Unreported World


This Unreported World episode investigates the rise of "Slay Queens" in South Africa, young women who monetize dating wealthy, older men known as "blessers" to fund lavish lifestyles displayed on social media. While some, like Eva Modika, view this as empowerment and a way to break free from poverty (1:58-2:25), others criticize it as a dangerous extension of transactional sex work and scams (8:09-8:33).

The documentary uncovers darker realities behind the glitz:

  • Exploitation and Violence: The transactional relationships often lead to coercion, violence, and extortion by both sides (8:24-9:08).
  • Human Trafficking: Criminal gangs lure young teenagers with promises of luxury, only to trap them in dangerous situations or forced sex work (10:32-11:53).
  • Health Risks: High rates of HIV infection among young women in these relationships (17:05-17:12).

Finally, the report highlights the struggles of poverty-stricken townships where these relationships become a desperate survival strategy (14:30-14:44), contrasted with voices like author Jackie Pamote, who urge young women to seek empowerment through education rather than dangerous shortcuts (21:26-22:42).



Wednesday, March 18, 2026

The Heirs of Wealthy Families Who Became Monsters (Documentary)


This documentary investigates how immense inherited wealth and privilege allowed heirs of prominent dynasties to commit horrific crimes and evade justice. It details how their fortunes functioned as operational budgets for criminal enterprises, providing elite lawyers and fixers to shield them from consequences.

The Cases Examined:

  • The Sacklers (1:04): Built a $13 billion fortune through Purdue Pharma, aggressively marketing OxyContin while knowingly fueling the opioid crisis that caused over 500,000 deaths.
  • The Sackler family utilized their immense wealth to hire elite lawyers, deploy aggressive marketing teams to lobby for the drug, and fund extensive philanthropic efforts that bought them influence and reputation shielding them from legal scrutiny for decades.
  • Ted Kennedy (18:59): Left Mary Jo Kopechne to drown after driving off a bridge in 1969, waiting 10 hours to report the accident to protect his political career.
  • According to the video, Ted Kennedy delayed reporting the accident for 10 hours to consult with lawyers and family advisors about protecting his political career, rather than summoning help immediately to rescue Mary Jo Kopechne (26:30 - 27:00, 27:17 - 28:03).

  • The Bronfman Sisters (36:50): Heiresses to the Seagram's liquor fortune, they bankrolled the NXIVM cult with over $150 million, funding sex trafficking and abuse.
  • The video states that Sarah Bronfman was seeking meaning and purpose for her life, which she found in NXIVM’s teachings and leader Keith Raniere (42:55 - 43:30). By funding the organization, she gained leadership positions, including director of humanities, regional vice president, professional coach, and head trainer, as well as the opportunity to establish VIP programs and expand Nexium's reach into the United Kingdom and Ireland (45:35 - 46:15).
  • Prince Andrew (59:34): Used his royal status to maintain close ties with convicted pedophile Jeffrey Epstein, facing allegations of sexual assault before settling a civil lawsuit for an estimated $12 million.
  • The Maxwells (1:19:16): Followed the mysterious death of patriarch Robert Maxwell (who stole massive pension funds), his daughter Ghislaine Maxwell was convicted of sex trafficking minors for Epstein.
  • Robert Durst (1:39:09): Real estate heir who committed multiple murders and dismemberments, finally exposed by the documentary The Jinx.
  • The video does not mention a specific legal loophole exploited by Robert Durst. Instead, the summary explains that extreme wealth and privilege (1:41:06 - 1:41:09) allowed him to evade consequences for multiple murders and disappearances over four decades (1:40:40 - 1:40:43).

Sunday, March 15, 2026

What Happens if Iran Blocks the Strait of Hormuz?



This video by RealLifeLore explains the extreme geopolitical and economic significance of the Strait of Hormuz (0:22). As a narrow chokepoint only about 30 miles wide, it serves as the only maritime exit for major oil-producing nations in the Persian Gulf (3:10), making it a critical artery for the global economy.

Key Takeaways:

  • Global Energy Flow: Roughly 15% of the world's energy supply—including a third of all seaborne oil—passes through the strait daily (5:57).
  • Economic Impact: A blockage would immediately halt revenue for Gulf countries and likely crash the global economy, disproportionately affecting major importers like ChinaJapan, and South Korea (8:02-9:25).
  • Geopolitical Tensions: The United States maintains a heavy military presence through the Fifth Fleet to ensure the free flow of oil and counter Iran (10:50). Iran has threatened to close the strait, possessing capabilities to do so through mines and missile batteries, though this would likely trigger a massive international conflict (12:30).

Monday, February 16, 2026

The Kennedys – America's "Royal" Families


The video, "The Kennedys – America's "Royal" Families," chronicles the rise and tragedies of the Kennedy dynasty, tracing their journey from Irish immigrants to prominent figures in American politics and society (0:35).

Key aspects of the Kennedy family discussed include:

Early Generations (1:20-2:25): The video begins with Patrick Kennedy's emigration from Ireland, detailing his and his son PJ Kennedy's efforts to establish the family's wealth and political influence in Boston.
Joseph P. Kennedy Sr. and Rose Fitzgerald (2:44-5:55): This section highlights Joseph P. Kennedy Sr.'s shrewd financial dealings, his ambitions for his children, and his controversial diplomatic career as ambassador to the UK. It also touches upon Rose Fitzgerald Kennedy's role as the matriarch.
John F. Kennedy (JFK) (5:56-12:46): The video details JFK's military service, his political ascent to the presidency, his marriage to Jacqueline Bouvier, and his major policy decisions, including the Cuban Missile Crisis (10:16). His assassination in Dallas is also covered (11:38).
Jacqueline Kennedy Onassis (12:46-14:17): After JFK's death, Jackie's life, including her move to New York, her work as a book editor, and her later marriage to Aristotle Onassis, is summarized.
Caroline and John F. Kennedy Jr. (14:18-16:01): The video discusses the lives of JFK's children, Caroline Kennedy Schlossberg's career as an ambassador, and John F. Kennedy Jr.'s life, including his tragic death in a plane crash.
Other Kennedy Siblings and Their Descendants:
Rosemary Kennedy (17:35-19:31): Her developmental challenges and the controversial lobotomy she underwent are discussed, highlighting the family's attempts to keep her condition private.
Kathleen "Kick" Kennedy (19:31-21:05): Her lively personality, marriage to a British aristocrat, and her own tragic death in a plane crash are recounted.
Eunice Kennedy Shriver (21:05-22:42): Her advocacy for people with disabilities and her founding of the Special Olympics are emphasized. Her daughter, Maria Shriver, and her marriage to Arnold Schwarzenegger are also mentioned.
Patricia Kennedy Lawford (22:42-24:02): Her artistic pursuits, marriage to actor Peter Lawford, and her later work with charitable organizations are covered.
Robert "Bobby" Kennedy (RFK) (24:02-26:05): His political career, role in his brother's administration, and his own assassination during his presidential campaign are detailed. His wife, Ethel Kennedy, and their children are also introduced (26:05).
Jean Kennedy Smith (27:37-28:47): Her diplomatic role as ambassador to Ireland and her work with the Very Special Arts organization are highlighted.
Edward "Ted" Kennedy (28:48-31:29): As the youngest sibling, his long tenure in the Senate, his legislative achievements, and the challenges he faced, including the Chappaquiddick incident, are discussed.
The video concludes by posing the question of whether the numerous tragedies that have befallen the Kennedys are simply due to their ambitious and risk-taking nature or if there is a "Kennedy curse" (31:30).

Sunday, February 15, 2026

The Epstein files cover-up: Botched or calculated? | The Listening Post


This video from Al Jazeera's The Listening Post covers three main topics: the Epstein files, the internet crackdown in Iran, and the militarization of American football through the Super Bowl.

The first segment focuses on the Epstein files (0:43) and the alleged cover-up by the US Department of Justice.

The video highlights the disorderly release of over 3 million documents, 180,000 images, and 2,000 videos (0:43-0:52).
It discusses the failed redaction of names of high-profile suspects and the accidental exposure of victims' identities (1:02-1:06).

The segment emphasizes the lack of accountability in the US, particularly concerning Donald Trump's name appearing frequently in the files (1:31-1:38).

 Accountability in the U.S. fails due to several factors:

Lack of Action Despite Evidence: Despite the release of the Epstein files and awareness of what happened, no one is facing accountability (2:47-2:51).
Media Complicity: The media is seen as complicit because it is not asking key questions about the unredacted parts of the files (2:52-2:57).
Politicization of Justice: The Department of Justice (DOJ) is described as essentially serving as "Trump's personal law firm" rather than representing the American people's interests (4:06-4:14). This suggests a breakdown in the impartiality of the justice system.
Calculated Strategy: The release of the files is seen by some as a "calculated move" to "muddy the waters" and solely blame the deceased Jeffrey Epstein and his accomplice Ghislaine Maxwell, rather than the wider network (3:00-3:08, 4:37-4:55).
Political Party Loyalty: Unlike in the past (e.g., Watergate), Republicans are no longer willing to stand up to a Republican president, backing "every move that he does" regardless of scandal (8:09-8:31). This prevents accountability from within the political system.
Gaslighting through Media Apparatus: The video claims a "media apparatus" is dedicated to "gaslighting millions of people each and every day to believe that he did absolutely nothing wrong" (8:41-8:50), making it difficult for the public to demand accountability.
Deep Societal Rot: The speaker expresses concern that "pedophilia is no longer a bipartisan issue" and that the "rot inside of this country is so incredibly deep," making it difficult to mend the "deep fracture" in the justice system (9:04-9:18:49).
Unwillingness of US Government to Pursue Justice: It is stated that the U.S. will most definitely not get accountability, and other governments abroad are encouraged to pursue it instead (9:52-9:55).

Experts in the video suggest the release was a calculated move to muddy the waters and pin the syndicate on Epstein alone (3:00-3:08, 4:37-4:55).
The role of social media and crowd-sourcing in scrutinizing the files is also discussed (10:10-10:26).
The second segment covers the internet blackout in Iran (11:31) and the repression of journalists.

Iranian authorities imposed a total internet blackout during anti-government protests, leading to a renewed wave of repression against journalists and political figures (11:31-11:47).
The video notes the difficulties journalists face in reporting and the punitive measures taken against them (11:53-12:23).
It suggests that Chinese technology from companies like Huawei and Hikvision may be aiding Iran in its internet filtering and surveillance capabilities (13:05-13:34).
The final segment examines the militarization of American football and the Super Bowl (14:12).

The Super Bowl is presented as a spectacle where militarism is aggressively marketed, from choreographed flyovers to flags (14:15-14:23).
The deep-rooted relationship between the NFL and the military is explored, with football's language often mirroring war analogies (15:58-16:13).
The segment highlights the mutual benefits of this relationship, allowing the military to showcase hardware, recruit soldiers, and reinforce narratives (16:49-16:57).
The "paid patriotism" scandal of 2015 is mentioned, where taxpayer funds were used to stage military displays during games (19:07-19:22).
The segment concludes by asserting that these events present a sanitized version of military service, allowing Americans to feel patriotic without confronting the harsh realities of war (22:46-23:07).

Horrors of the Dark Web


This video, "Horrors of the Dark Web," by Snook (0:00), explores two disturbing stories related to the dark web: "Boytown," an illicit online community, and the "WannaCry ransomware attack," a global cyberattack.

Boytown: A Horrific Online Community (0:47)

Launch and Purpose (1:36): Launched in June 2019, Boytown was a German video-sharing platform on the Tor browser, hosting illegal content involving minors and encouraging original uploads.
Community and Organization (2:47): It functioned as a hidden community with chat rooms (Loli Pub and Boys Pub) where users shared content and indulged in fantasies. The site evolved, with administrators organizing content into categories like "Art," "Kindergarten," and "Toddler" (4:29).
Scale and Operations (6:21): By May 2021, Boytown had 400,000 registered users, producing and distributing illegal content. Administrators also provided users with tips to avoid law enforcement (5:57).
Investigation and Arrests (7:15): German police and Interpol infiltrated the site, tracking down four administrators through their "entry nodes" on the Tor network (8:51). These individuals were arrested in April 2021 (10:27).
Controversy and Cover-up Allegations (10:49): The trial was closed to the public, unlike similar cases, raising suspicions that a high-ranking German security agency employee, allegedly involved in creating Boytown's security, was being protected (12:48).
Post-Shutdown Resurgence and Deletion Efforts (15:38): After the shutdown, a dump of Boytown's data reappeared online because the German government did not wipe the information. A group of journalists from Funk, specifically the YouTube channel STRG_F, heroically deleted 13.5 terabytes of data across various file-hosting sites (16:48). Despite efforts, successor websites emerged, proving the persistent nature of such communities (17:46).
WannaCry Ransomware Attacks (20:26)

NSA Exploit and Shadow Brokers (20:44): In August 2016, a group known as the "Shadow Brokers" allegedly stole advanced surveillance tools from the NSA, including "EternalBlue" and "DoublePulsar" (22:51). These powerful tools could grant remote access and control over Windows computers (25:51).
Leak and Ransomware Development (25:35): After failing to auction the stolen code, the Shadow Brokers released it onto the dark web in April 2017. Another group of hackers used these tools to develop "WannaCry," a ransomware designed to encrypt computers and demand a $300 Bitcoin payment (29:31).
Global Impact (31:30): On May 12, 2017, WannaCry was released, rapidly spreading worldwide. It crippled hospitals in the UK (31:47), public transportation in Germany (33:33), and industries in China (34:11), affecting over 150 countries and 230,000 computers within 48 hours (34:53).
The Kill Switch (35:12): A 22-year-old cybersecurity researcher, Marcus Hutchins, discovered a "kill switch" in the WannaCry code—a random domain it attempted to connect to. By registering this domain for $9.99, he inadvertently halted the ransomware's spread (35:38).
Aftermath and Attribution (36:48): WannaCry caused an estimated $4 billion in damages globally. Investigations linked the attack to the "Lazarus Group," a state-sponsored organization in North Korea responsible for numerous high-profile cyberattacks (37:41). The North Korean government has never accepted responsibility (38:13).

Thursday, February 12, 2026

Maktoums - Trillionaire Family That Built Dubai | 2025 Documentary


The video presents a detailed history of Dubai and the Al Maktoum family, tracing their journey from a small fishing village to a global metropolis. 
It emphasizes that Dubai's success is not primarily due to oil, but rather a combination of strategic leadership, ambition, and entrepreneurial spirit (0:01).
 Here's a breakdown of the key periods and transformations: 
 Humble Beginnings and Early Leadership (0:43-6:12): The family's connection to Dubai began in 1833 when two cousins, Obed bin Sed and Maktum Bimbuti, led their people north after a massacre and settled by a small creek, a place that soon became known as Dubai (3:16 - 4:03). The video describes them as a family "defined by ruthless ambition and surgical efficiency" (0:27). 
Throughout history, their leaders, such as Shikh Maktoum bin Hasher al-Maktum (6:21), Shikh Rashid bin Sahed al-Maktum (16:32), and Shikh Muhammad bin Rashid al-Maktum (28:40), have been instrumental in transforming Dubai from a humble fishing village into a global force (0:09 - 0:14). The video emphasizes that their leadership, characterized by "discipline and bold risk-taking," has been the secret to Dubai's enduring success (37:40 - 38:07). 
Dubai started as a nameless fishing village (0:48) settled by the Al Bu Falasa branch of the Bani Yas tribe after a massacre in Leewa in 1833 (2:47-3:06). Under the early Maktum rulers, the settlement gained security through the General Maritime Treaty with Britain in 1820 (5:26). 
The Freeport Revolution (6:16-9:07): Shikh Maktoum bin Hasher al-Maktoum (6:21) implemented a bold policy in 1894, abolishing customs duties (7:41), which attracted traders and migrants, especially from Persia (8:40), turning Dubai into a magnet for commerce (7:58). 
Pearling Boom and Collapse (9:10-12:15): The pearl industry became the backbone of Dubai's economy in the early 1900s (10:17). However, the introduction of cultured pearls from Japan by Koki Mikimoto (10:49) caused the natural pearl market to collapse (11:32), devastating Dubai's economy. Stagnation and the Search for Oil (12:24-16:27): The collapse of pearling led to economic ruin and political unrest, including a second massacre in 1939 (14:14). Despite the discovery of oil in neighboring regions (15:04), Dubai's early oil exploration attempts failed (15:53). 
Rashid's Vision and Infrastructure Development (16:32-26:58): Shikh Rashid bin Sahed al-Maktoum (16:32) took power in 1958 and initiated the dredging of the Dubai Creek (18:05), revitalizing trade. The discovery of offshore oil in 1966 (24:19) provided the necessary funds for massive infrastructure projects like Port Rashid (25:35), the World Trade Center (25:54), and Jebel Ali Port (26:27), transforming Dubai into a major shipping center.
 Formation of the UAE and the Gold Trade (19:10-23:02): The video highlights Dubai's role in the formation of the United Arab Emirates in 1971 (23:02) following Britain's withdrawal from the region (21:33). During this period, Dubai also became a secret hub for gold smuggling to India (19:57), earning it the moniker "City of Gold" (27:00). 
Diversification and Global Ambition (28:35-31:14): With flattening oil revenues, Shikh Muhammad bin Rashid al-Maktoum (28:40) spearheaded the creation of the Jebel Ali Free Zone in 1985 (29:11), attracting foreign investment by offering tax-free operations and full ownership. 
The Boom and Financial Crisis (31:23-35:54): Under Shikh Muhammad, Dubai embarked on ambitious projects like Burj al Arab (32:10), Palm Jumeirah (32:25), and the Burj Khalifa (32:42), fueled by massive debt (33:01). The 2008 global financial crisis (33:50) hit Dubai hard, leading to a debt crisis for Dubai World (34:00) that was eventually resolved by a $10 billion bailout from Abu Dhabi (35:05). Recovery and Future Plans (35:59-38:07): After the crisis, Dubai initiated the Dubai 2040 urban master plan (36:25) to further global relevance. The video concludes by emphasizing that Dubai's enduring success is attributed to its strategic leadership and continuous reinvention, with oil now contributing less than 1% of its GDP (37:17).

Saturday, February 7, 2026

Why Owning Nothing Is So Expensive


The video explains how companies are increasingly shifting towards subscription models, making it more expensive for consumers to access products and services they once owned outright (0:55). This trend, exemplified by companies like HP, Adobe, and Apple, generates recurring revenue for businesses and makes it difficult for consumers to cancel services due to "dark patterns" and hidden fees (6:26).

Key points highlighted in the video:

  • The rise of subscriptions (1:58): The video traces the evolution of subscriptions from traditional print media and milk deliveries to modern digital services like Netflix and Spotify, enabled by technology like cable TV and smartphones.
  • Company benefits from subscriptions (6:26): Subscriptions provide companies with stable, recurring revenue and are "sticky," meaning users are less likely to cancel due to automatic payments and difficult cancellation processes.
  • Sneaky tactics and difficult cancellations (9:13): Companies often use free trials or misleading pricing to entice users, and then employ "dark patterns" (10:34) to make it hard to unsubscribe, leading to consumers paying more than they initially intended.
  • The "own nothing" economy (13:39): The proliferation of subscriptions blurs the line between owning and accessing, as products like printers and cars increasingly limit features behind subscriptions, giving consumers less control over their purchases.
  • Consumer resistance and the future (16:52): Some consumers are fighting back by embracing physical media like vinyl records and supporting companies that offer one-time purchases. However, the video concludes that the "own nothing" economy is likely to persist unless regulations are put in place to protect consumers from deceptive subscription practices.
  • The video explains that companies are incentivized to use subscription models primarily because they provide recurring revenue, which is highly valued by investors (6:36).

    Additionally, the video highlights that subscriptions are "sticky," meaning they are effective at retaining users because payments are often automatic. Consumers are four times more likely to cancel if they have to make an active choice (6:41). This model allows companies to earn significantly more money—up to 200% more revenue—from "inattentive subscribers" than they would with more transparent pricing schemes (6:53). The industry has recognized this as a profitable business model and is adopting it to maximize profits (7:06).

The Olympics Make Billions…But The Athletes Are Broke


The video explains the complex financial model of the Olympics, highlighting how the International Olympic Committee (IOC) generates billions in revenue while host cities often face bankruptcy and most athletes struggle financially (0:00).

IOC Revenue Streams

  • The IOC made $7.7 billion from 2021 to 2024 (0:36).
  • Broadcast rights account for 55% of revenue, with NBC in the Americas being a major contributor (1:13).
  • Sponsorships through the Olympic Partners (TOP) Program make up 36% of revenue (2:51). However, some long-term sponsors, like Toyota, have withdrawn due to concerns about the IOC's political stance and its distribution of funds (2:25).
  • The remaining 9% comes from other activities like licensing deals (3:03).

Host Cities and Financial Struggles

  • Host cities are primarily responsible for the non-OCOG budget, which covers construction and capital investments, leading to significant cost overruns (6:41).
  • Since 1960, every Olympic Games has gone over budget, with an average overrun of 150% to 175% (7:14). Montreal in 1976 was 720% over budget, taking 30 years to pay off its debt (7:36).
  • Host cities often incur massive expenses for "white elephant" structures like stadiums and train lines that are rarely used after the games (9:41).
  • The financial burden largely falls on taxpayers (10:10).
  • In 2019, the IOC changed its bidding process due to fewer cities wanting to host, aiming for a more financially stable approach (5:18). Paris 2024 aimed to mitigate costs by using 95% pre-existing or temporary venues and had established transportation (14:53).

Athlete Financial Instability

  • Despite the billions in revenue, less than 6% of the IOC's revenue goes directly to athletes (10:50).
  • The average US Olympian earns around $20,000 per year, often requiring them to work part-time jobs (10:55).
  • Olympic athletes primarily fund their participation through a combination of sources, as the International Olympic Committee (IOC) does not directly pay them for competing (12:21-12:24, https://www.olympics.com/ioc/finance. The funding typically covers their extensive training, equipment, coaching, travel, and living expenses.

    Here's how athletes typically secure funding:

    • Stipends from Sporting Bodies Athletes may receive monthly payments from their sport's governing body, such as USA Track and Field. These stipends vary significantly by sport and are often based on an athlete's experience, past performance, and potential to win medals. For example, athletes in popular sports like gymnastics, swimming, or track might receive a few thousand dollars per month, while those in less prominent sports like fencing or rowing might only get a couple of hundred dollars (11:49-12:13).
    • Prize Money from Home Countries The IOC does not offer prize money for winning medals (12:21-12:24). Instead, any monetary reward for medals comes from the athlete's home country. The amount varies widely; for instance, Singapore and Hong Kong might pay over $700,000 for a gold medal, while the US pays $38,000, and Great Britain offers no prize money (12:27-12:38).
    • Sponsorships and Endorsements This is a significant source of income for many athletes, particularly those with high visibility. Major stars like Simone BilesMichael Phelps, and Usain Bolt can earn millions annually through sponsorships (12:44-12:59). However, sponsorship deals depend on an athlete's popularity, performance, and ability to generate a return on investment for brands. Less famous athletes, even if they are top in their field, often struggle to find sponsorships (13:00-13:23https://www.investopedia.com/news/how-athletes-get-funding-olympics/.
    • Personal Contributions and Fundraising Because the funding from other sources is often insufficient, many Olympians hold one or two part-time jobs while training (11:11-11:17https://www.si.com/winter-olympics/what-do-olympic-medalists-get-medals-money-rewards. The video highlights that many athletes even have to fundraise within their communities to cover the cost of traveling to the Olympics (13:31-13:35).
    • Olympic Solidarity Grants The IOC redistributes a portion of its revenue to National Olympic Committees (NOCs) to support athlete development, training grants, and travel subsidies, especially for athletes from developing nations.
    • Private Donations In recent developments, private donations have begun to offer more direct financial stability to athletes. For example, a recent $100 million donation is set to provide Team USA athletes with $200,000 each starting in 2026, regardless of medal wins.

    Overall, while the Olympic movement generates billions, a very small percentage of the IOC's revenue (less than 6%) directly reaches the athletes (10:50-10:55), making financial stability a significant challenge for most Olympians.

  • Only major stars like Simone Biles and Michael Phelps secure lucrative sponsorship deals (12:52). Most athletes struggle to find sponsorships and often have to fundraise to cover travel expenses (13:31).

The video concludes by questioning where the money goes, suggesting that the IOC takes no risk while cities and taxpayers bear the financial burden, and the athletes, who make the show possible, receive very little (13:53). The directors of the IOC, however, take home a combined $50 million (14:35). A long-term solution proposed by some analysts is to have permanent host cities for the Summer and Winter Games (15:23).


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