Olympics

Olympics medals aren’t worth much, so it may surprise you to know that medalists also get stuck with a hefty tax bill.

US Olympic gymnast Gabby Douglas won perhaps the most coveted title in her sport when she took the gold medal in the women’s all-around competition on Thursday in London, becoming the first African-American female gymnast to ever win individual Olympic gold.

The track & field events of the 2012 Summer Olympics begin this weekend, while the NFL preseason gets started in Canton. Here’s what else to watch this weekend in sports:

Last Sunday, Chinese diver Wu Minxia took home gold in the 3m synchronized springboard and became the first woman in history to win three consecutive Olympic golds. But her remarkable accomplishment was marred somewhat when it was revealed that her family intentionally hid devastating secrets as she pursued her career.

Given that his city is currently hosting the Olympics, London mayor Boris Johnson is riding high … literally. On Wednesday, the eccentric public official rode a zip line in Victoria Park to promote the summer games. There’s just one problem — he got stuck. No, this isn’t an episode of ‘The Benny Hill Show.’ This is for real.

We have all heard of boxers throwing a fight to make a big payday with the bookies, but now it appears as if badminton players are involved in the same racket — and it’s getting them tossed out of the Olympics.

Michael Phelps has managed to swim into history.

The games of the XXX Olympiad begin Friday in London. NBC, which is broadcasting an unprecedented 5,535 hours of the Summer Olympics on TV and online, is hoping Americans will be glued to their screens over the next couple weeks. But will they?

Already one of the fastest women in America, Allyson Felix is ready to take on the world at the 2012 Summer Olympics in London.

Olympic taekwondo may not be as popular as, say, swimming or track and field, but its athletes are just as motivated. Take Diana Lopez, for example, a fierce competitor in the sport who hopes to soon add gold to her 2008 bronze medal win in Beijing.