The IOC return to London today, and will remain here until Thursday, to the review progress of the preparations for the London 2012 Olympic Games.
Sebastian Coe, Chairman of the London 2012 Organising Committee, is quoted by the Associated Press speaking about the recession:
"If you speak to most people anywhere in the world, they are having a hard time, so it's very important that they don't think it's impacting upon us, because actually it's not."
What planet is Lord Coe living on?
Of course the recession is impacting the Games!
Olympic Medals won during the Beijing 2008 Olympics
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