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Gasps and tears greeted the announcement on Friday that Chicago had lost its bid to host the 2016 Summer Games, as the city went from favorite to also-ran in the multibillion-dollar Olympics sweepstakes.
Rio de Janeiro will host the 2016 Olympics after winning a landslide victory over Madrid in the final round of voting among International Olympic Committee members on Friday.
Sport and politics converge in a potent mix on Friday with the credibility of the U.S. President on the line as International Olympic Committee (IOC) members choose the venue for the 2016 Summer Olympics.