Armstrong Tapes Interview; Record Year for Heathrow; $160 Million Loss for G4S?

(ATR) Lance Armstrong, Oprah go "no-holds-barred" ... Heathrow passengers hit all-time-high ... Security contractor could lose $160 million from Games ... More inside this Olympic Newsdesk ...

Armstrong Interview Taping

Olympic medalist Lance Armstrong is taping his "no-holds-barred" interview with Oprah Winfrey today, with media reports saying he will admit to using performance-enhancing drugs.

The interview will air Thursday on Oprah’s OWN network.

It's unknown if he will admit to using banned substances during the Sydney Olympics when he won a bronze medal in the time trial event, and what impact that might have on any punishment the IOC would pursue.

Speaking to The Associated Press on Sunday, Armstrong said: "I’m calm, I’m at ease, and I’m ready to speak candidly."

Multi-Million Loss for G4S

G4S could lose $160 million from its Olympic contract.

Britain’s Sunday Telegraph reports that LOCOG and G4S are close to a deal over the security firm’s Olympic contract. A fiasco at the start of the Games had G4S unable to supply all the security personnel it originally planned for the Games.

During the Olympics, G4S said it would lose $80 million from the Olympics. However, The Telegraph reports what LOCOG is willing to pay will be between $80 million and $160 million.

The contract was originally valued at $385 million.

All-Time High for Heathrow

Heathrow touts a record-breaking 2012 on the heels of handling almost 70 million passengers during the Olympic year.

The Press Association reports that passenger numbers at Britain’s biggest airport hit an all-time high last year after seeing an increase of .9 percent from 2011.

Brazil actually enjoyed the year’s biggest increase in traffic – 21 percent – as airlines ramp up their flights to Rio de Janeiro and other cities in advance of the 2014 FIFA World Cup and 2016 Olympics.

Asian Games Goodwill Ambassador

Si Young Lee is the latest Goodwill Ambassador for the Incheon 2014 Asian Games.

Lee is an actress and South Korean boxer.

"Ms. Lee has been chosen as the 7th goodwill ambassadors for the Incheon Games including 4th AIMAG 2013 because she is not only well-known actress but also rising boxing star in Korea," IAGOC, the organizing committee for the Games, said in a statement.

Lee said she would try to qualify to compete for the Games, although she would need to move up into the next weight category, the smallest allowed at the Games.

Lake Tahoe Olympic Anniversary

North Lake Tahoe kicked off its nine-day anniversary of the 1960 Winter Olympics on Saturday.

A series of sporting events and galas are scheduled throughout the town and at various venues for the Games.

Celebrations will end Jan. 21.

Written by Ed Hula III.

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