Further to the Olympicsboostsh*t report on Games Monitor the rise in GDP was declared to be 1% not 0.7%. When it announced the figures the BBC reported the ONS as saying that 'beyond the effect of ticket sales, it was hard to put an exact figure on the Olympic effect, although it cited increased hotel and restaurant activity in London as well as strength from employment agencies.' This last statement is interesting as it is reported there was a decline in tourism numbers and in hotel occupancy but this was made up for with a rise in room yields because prices had been jacked up in anticipation of a tourism feast. The Association of Leading Visitor Attractions (ALVA) had reported a plunge in visitors to attractions all over the UK during the summer, including the Olympics period.
The ONS makes a guarded statement about online retail sales where others were more outspoken about the decline. Retailers and restaurants were complaining at the start of the Games at the decline in customers and demanded TfL alter its transport advice and these impacts continued to be felt in particular areas like Greenwich and Leyton. The ONS stated that it had fixed Olympics ticket sales in the figures for this quarter even though the sales had actually occurred in previous months.
Statements from the ONS include a lot of possibles, mays, mights and 'no direct evidence':
*Employment agencies showed some strength in the quarter and it is possible that some of this strength was related to the Olympics. However, there was no direct evidence from survey respondents to support this
*Office administration: office administration was quite strong in the quarter but the evidence on any Olympic effect was mixed, with some respondents suggesting that it may have had an adverse effect, as opposed to explaining the strength
*Creative arts and entertainment activities: the arts and entertainment sector has been showing some strength for some time, with quite strong growth in the most recent quarter. There was some evidence from survey returns that output was higher in July and August because of the Olympics
*Accommodation: hotels showed greater activity in the quarter and this was one area where one might expect to see an Olympic effect, albeit mainly in London. There was some evidence from survey returns that output was higher in July and August because of the Olympics
*Food and beverage services: there was some strength in the food and drink sector and some evidence from survey returns that part of this might have been due to the Olympics
*Land transport: there was some strength in parts of the transport sector and some evidence from survey returns that this might have been due to the Olympics
*Retail: retail showed some strength in the quarter but there was very little evidence of any significant Olympic effect. Indeed there was some feedback from online retailers that sales were lower as consumers watched the Olympics instead of shopping online
*Motion picture, video and TV programme production: the data here were quite weak for the quarter and there was some evidence from survey respondents to support this weakness - 'people watching the Olympics instead'
Submitted by Julian Cheyne on Tue, 30/10/2012 - 16:00.
Now the athletes have departed it's time to sell the real estate! First up is East Village, formerly known as the Athletes' Village. It seems the owners have asked the Centre for Economic and Business Research, which claims to provide 'leading economic forecasts and analysis', to help with offloading the stock. CEBR waxes lyrical over the advantages of the new E20 postcode in its 'unbiased and informative' presentation of the 'impressive liveability factors' it identifies.
Submitted by Julian Cheyne on Mon, 22/10/2012 - 23:49.
By Steve Rushton
Why are corporations that are responsible for disabling people, and even killing people, allowed to brand their products at the Olympics?
This creates a disturbing hypothetical situation: Paralympians competing in London 2012 may have been disabled by the very corporations that their sporting prowess is promoting. More broadly, this draws attention to the number of people across the world that are disabled, killed and suffer due to corporate activities. The World Health Organisation attributes 1 in 5 deaths in the “developing” world to toxic and industrial pollution alone.[i] The most prolific killers include mining operations, the oil industry and metal production, which are all represented at the Games. A report by the Blacksmith Institute found that over 7 million lives were at risk from mining and ore processing, nearly 5 million from metal smelting, almost 3 million from heavy industry (metal casting, rolling, stamping) and just under 2 million from petrochemical industries.[ii] These sponsors of the Games are alongside companies not taking their responsibility for chemical disasters, who are involved in torture, illegal arms and weapons manufacturing .
Submitted by Steve Dowding on Sat, 22/09/2012 - 12:14.
It seems 'affordable' housing on the Olympic Park has taken another hit. According to Greg Rosenberg, who was speaking at the East London Community Land Trust AGM, the present target of 35% is to be reduced to 28%. Greg was giving a lecture on CLTs, with particular reference to Troy Gardens, a project he was involved with in Madison, Wisconsin. This was mentioned when he and some others from the East London Community Land Trust had a meeting with the Mayor's London Legacy Development Corporation to discuss the possibility of a land trust at Chobham Manor, formerly known as Clays Lane.
Submitted by Julian Cheyne on Sun, 02/09/2012 - 13:48.
Members of the group Calais Migrant Solidarity tell Corporate Watch about how the repression of migrants in Calais increased as a direct result of the London Olympics, how corporations have benefited from this and how Olympics sponsors are causing further problems in France. Calais Migrant Solidarity is part of the No Borders network and works with migrants in Calais to gather evidence of police violence and harassment of migrants and to strengthen resistance to the border regime.
Submitted by Steve Dowding on Sat, 25/08/2012 - 09:52.
"There's a direct link between elite success and participation in sport”
Submitted by Martin Slavin on Sun, 19/08/2012 - 18:12.
Submitted by Steve Dowding on Fri, 17/08/2012 - 09:13.
Submitted by Martin Slavin on Sat, 11/08/2012 - 12:53.