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Japan Olympic chief calls for urgent change for games to save event

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The Tokyo Olympics should become an opportunity to rethink the enormous scale and expense of the world’s largest sporting events, the president of the Japanese Olympic Committee says.

The gold medalist spoke just three and a half weeks ahead of the opening ceremony for Tokyo 2020.

The decision in March last year to delay the games by a year due to the pandemic added billions of dollars to the cost of staging the event.

“This could be a chance to rethink how huge the Olympics have become,”

Yamashita told reporters in Tokyo

Audits by the Japanese government over the past few years have shown the costs will come to at least $25 billion.

“Rather than being extravagant and costly, the Olympics will need to change to survive. I hope this will be a turning point.”

Japan though claims they have been cuts to spending including by abandoning a futuristic design for the main stadium that was alone expected to cost $2 billion.

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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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