Nathan Adrian beats James Magnussen to 100m freestyle gold
America\'s Nathan Adrian won gold in the men\'s 100m freestyle by 0.01 seconds ahead of Australia\'s world champion James Magnussen.
In a thrilling race, the 23-year-old was third at 50m but then turned on the power to pip the pre-race favourite in 47.52 seconds.
Analysis
Adrian Moorhouse
Olympic gold medallist and BBC pundit \"That was fascinating to watch. I was riveted for the last 10m. Nathan Adrian just digs his head down and must have been in so much pain but just shut down the feeling, I\'d imagine. Magnussen is left thinking about his career. Nathan Adrian was strong today.\"
Canada\'s world silver medallist Brent Hayden finished third.
LONDON (AP) Australian Olympic rower Josh Booth has been ordered to apologize to a shop owner and pay $2,175 to repair damage he caused during an outburst in which alcohol was involved. He was detained by police but not charged.
With many countries in the world facing financial difficulties, there is greater focus on how much money governments are spending on Olympic athletes or Olympic-related events.
Raising eyebrows, Italy's $182,400 payout to any Italian who wins a gold medal. That's the highest payout in the world.
The British press has raised questions about why a country that is struggling to cut its spending would be so generous. With four gold medals so far, Rome is on the hook thus far for almost $730,000.
In second place is Russia, paying nearly $135,000. Third is France paying $ 65,200. In the host country, Olympic athletes receive zero, meaning British cyclist Bradley Wiggins, and rowers Helen Glover and Heather Stanning, all of whom won gold for Team GB will get pats on the back, and hopefully more endorsements.
China reportedly offers $31,400 to gold medal winners, while Japan rewards them with $35,900, Canada gives $20,000, and Germany, just less than that, at $19,500 for a gold.
In the U.S., gold medal winners get $25,000, $15,000 for silver and $10,000 for bronze. This is not government money, it's paid by the U.S. Olympic Committee.
Potential GOP Vice Presidential candidate Senator Marco Rubio (R-FLA) has sponsored a bill that medal winning U.S. athletes shouldn't have to pay taxes on the money they receive.
Taxes on a gold medal could run as high as $8,986, while silver could be $5,385. On a bronze metal, the tax might be $3,500.
Amateur swimmer Missy Franklin, who is still in high school, will owe $14,000 in taxes for her gold and silver medals.
