Thousands Benefit from Olympics
Summer Olympics Creates Jobs in London
Though high unemployment rates have affected most of Europe, preparations for the 2012 Olympic Games have kept many thousands employed in Great Britain. Carpenters and plumbers, electricians and architects, brick layers and other specialists, created and built the Olympic facilities. They expanded the transit system, and updated hundreds of hotels, restaurants, and shops. Over 9,000 from the construction industry worked on the Olympic site. Another 15,000 are participating in the Opening and Closing Ceremonies.
Each host city is responsible for the creation and minting of the medals. The designs and sizes change, but certain traditions are followed. Artists were selected and Royal Mint employees spent weeks crafting the medals. The 2012 medals are engraved with the sport and discipline on the rim. A depiction of Nike is on the front side, a concept used since 1928. Nike, the Greek Goddess of Victory, is seen departing from the Athens stadium, where the first Modern Olympics were held in 1896, and carries the Olympic torch. The reverse side features the Games' modernized five-ring logo and the River Thames. Other Olympic commissions have employed artists to design 30 postage stamps released in sets. Each stamp illustrates an Olympic sport and carries the London 2012 Logo. Artisans and manufacturers spent months preparing a plethora of souvenirs for Olympic fans. Many are highly collectible, including model kits depicting major venues, commemorative coins, pins and posters. Then there are T-shirts, hats, key chains, teapots, plates, mugs, and toys featuring London cabs and double-decker buses. Some souvenirs are related to "The Chariots of Fire," the 1981 Oscar-winning film that shows Britain’s athletic successes in the 1924 Olympics. London is the first city to host the modern Olympics three times (1908, 1948 and 2012).
London is the first city to host the modern Olympics three times (1908, 1948 and 2012). The event showcases the world’s best male and female athletes in 26 sports, 39 disciplines and 302 events, including swimming and diving, water polo, soccer, weight lifting, the Triathlon and Pentathlon, and many track and field categories. About 10,500 athletes from 204 countries and territories vie for the gold, silver and bronze medals. During the closing ceremony, London hands over the Olympic torch to Rio de Janeiro for the 2016 Olympic Games. While 80,000 spectators will fill the Stadium for this final spectacle, billions will see the spectacle on live streams and television broadcasts throughout the world.