LONDON-The 2012 Olympics is expected to change the lives and the living standards of East London. Officials expect that by 20 years East London will be as affluent as some parts of West London due to the redevelopment brought about by the Olympics. However, the residents are skeptical about the plans of the government.
The recession has already forced the government to cut its spending on the Games by GBP 27 million from its budget of GBP 9.3 billion. For the full story, go to Wall Street Journal.
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