Of the four final candidate cities to host the 2016 Olympic Games, I believe the best choice won. Congratulations to the people behind the Rio 2016 bid.

I have serious problems in offering commiserations to the Chicago/USA camp, for all the effort put in. More analysis from me to come, but if you want eight minutes of comedy, watch this discussion from the CNBC Power Lunch crew as news broke that Chicago was the first city eliminated from voting: