One of the surprises of the bidding results was the fact that US-based sports broadcaster ESPN had lost its package of live TV rights.

BBC: Premier League rights sold to BT and BSkyB for ?3bn

"We had some issues with the package which meant we lost some of the performance over Friday and Saturday, " he said.

BBC: Ross Brawn despondent as Mercedes slump in Valencia

States figures show firms in Jersey which package and send goods lost 250 staff in the first six months of 2012.

BBC: End of VAT relief causes 800 jobs losses in Jersey

"Cuomo picked up far more support here in New York state than he lost by leading the charge and enacting a gun control package, " said Gyory.

WSJ: Analysis: In liberal NY, conservatives fight back

Without training, this new, but really cool, package of technology can be frustrating, leading to lost productivity and frustration.

BBC: Three missing ingredients of small business technology

Yet, any stimulus package, he said, should include health care benefits for workers who lost their jobs.

CNN: story.ap.daschle.jpg

And despite London Mayor Boris Johnson's ultimatum to Spurs last week to settle the dispute before next Tuesday and accept a funding package to help redevelop their White Hart Lane ground, the OPLC had lost confidence in a quick resolution.

BBC: London 2012: West Ham Olympic Stadium deal collapses