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Mariel Zagunis of the United States Olympic fencing team carries her country's flag during the Opening Ceremony of the London 2012 Olympic Games at the Olympic Stadium on July 27, 2012.  Author: Edecio Martinez  Credit: Stu Forster/Getty Images

Mariel Zagunis of the United States Olympic fencing team carries her country's flag during the Opening Ceremony of the London 2012 Olympic Games at the Olympic Stadium on July Author: Edecio Martinez Credit: Stu Forster/Getty Images

Read all about it!: The stage was turned into a mini replica of London on top of a giant Union Jack flag - all covered in newspaper

Wrapping things up in style! A newspaper-covered London and Timothy Spall as Churchill kick off a very British end to the Games

: The stage was turned into a mini replica of London on top of a giant Union Jack flag - all covered in newspaper

General view of Olympic Stadium during the Opening Ceremony of the 2012 Olympic Games, London

London 2012 Opening Ceremony - Picture shows a general view of the show during the opening ceremony of the London 2012 Olympic Games at the Olympic Stadium, July REUTERS/Pawel Kopczynski

A way with words: A lollipop lady escorts some newspaper clad children along a miniature Southbank

Wrapping things up in style! A newspaper-covered London and Timothy Spall as Churchill kick off a very British end to the Games

Britain is known the world over for its great literary heritage and journalistic tradition so it was fitting that the closing ceremony wrapped things up in style - by covering the entire set in old newspapers.

Bender makes the case that rarely ever do the Olympics make a profit and since Sochi was a "disaster" it probably doesn't have that much of a chance either. Sochi was the most expensive games ever at 51 billion. The Olympic games usually hit the people the hardest because they will take this out of the taxes. He offers up the idea for corporate contributions to be made like they did in the Los Angeles Olympics. To this day it is the most successful Olympic games.

Sochi's Long Term Economic Impact: Good Or Bad?

FIREWORKS~Man takes a photograph of fireworks during the closing ceremony of the 2014 Winter Olympics, Sunday, Feb. in Sochi, Russia.

The great halfpipe of the Sochi 2014 Winter Olympics Games is already open.

The great halfpipe of the Sochi 2014 Winter Olympics Games is already open-Whoa.

Dazzling Photos That Remind Us Why We Fell In Love With The London 2012 Opening Ceremony

Dazzling Photos That Remind Us Why We Fell In Love With The London 2012 Opening Ceremony

Different look: Annie Lennox made her way to the centre of the stadium on a large pirate-esque ship

The voice is back! George Michael returns to the stage for triumphant first live performance at the London 2012 Olympic Closing Ceremony

George Michael returns to the stage for triumphant first live performance at the London 2012 Olympic Closing Ceremony

Big send off: Hundreds of extras encouraged the cheering crowd by waving flags as they moved around the stadium

Wrapping things up in style! A newspaper-covered London and Timothy Spall as Churchill kick off a very British end to the Games

London landmarks appeared covered in newspapers (© PA)

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