Rio Gets Olympic 2016 Nod

Agents, gear up for some Brazilian hotel price gouging in 2016. The Associated Press is reporting that Rio de Janeiro, Brazil will be the official host of the 2016 Olympic Games. Rio beat surprise finalist Madrid. Chicago was knocked out in the first round — in one of the most shocking defeats ever in International Olympic Committee voting. Even Tokyo, which had trailed throughout the race, did better — eliminated after Chicago in the second round. Rio spoke to IOC members’ consciences: the city argued that it was simply unfair that South America has never hosted the games, while Europe, Asia and North America have done so repeatedly, according to the report.