The tense and tight battle to host the 2016 Olympics sped toward its climax with Chicago, backed by President Barack Obama's star power, the bookmakers' favorite Thursday after a long, emotional and at times acrimonious campaign.
The stakes are huge for all four cities _ Chicago, Rio de Janeiro, Tokyo, Madrid _ and for the International Olympic Committee. It faces the choice of sending the games to uncharted territory in South America, appealing to those committee members who believe the Olympics should touch all corners of the globe, or opting in tough economic times for more familiar and perhaps more lucrative ground in Europe, the United States and Asia.
The …
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