Unfortunately for the President, Oprah Winfrey and the residents of the city, Chicago will not be hosting the 2016 Olympics. The announcement came down this morning, and it's an especially bad beatdown for the Windy City, as it was the first nominee eliminated. Soon, the rest of the cities — including Tokyo and Madrid — before Rio De Janeiro, Brazil, won the competition, marking the first time that the Olympics will travel to South America. (The only continents left who haven't hosted an Olympics are Africa and Antarctica — the latter of which seems unlikely to change any time soon.)

Clearly, the U.S. is disappointed, but the city of Chicago is especially crestfallen (the footage of the disappointed crowds gathered to hear the announcement was heartbreaking). The Olympics is always a logistical nightmare for host cities, but they ultimately do an excellent job of boosting commerce and exposing urban centers to the world at large.

But Chicago shouldn't get too down about it. Despite not getting the Olympics, they've still got Lollapalooza, deep-dish pizza, Schuba's, Wrigley Field, that cool building from the cover of Wilco's Yankee Hotel Foxtrot, Wilco and R. Kelly. In fact, having R. Kelly is just like having the Olympics — he even sang at the opening ceremonies at the 2002 Winter Games in Salt Lake City! So Chicago, this video of Kelly's "I Wish" is for you.

When I started at MTV News eight years ago, I often felt uncomfortable. After all, everyone else was so smart and creative. I, on the other hand, was the same age as some of our interns. One of those interns way-back-when was a Notre Dame student named Kate Sobrero.

Kate, we sooned learned, was more than just your average youngster who wanted to work at MTV News one day. It turned out she'd spent that previous summer in Sydney, Australia, with the rest of the U.S. women's national soccer team ... winning a silver medal.

To which we all replied, "Huh?"

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All this week in Newsroom, we've been obsessed with the Davids of the world sticking their fingers in the eyes of the many Goliaths standing in the way. We've had the 19-year-old mayor, the diminutive hook-handed progressive, the plus-size model, and that girl who won a team track meet all by herself.

Today's matchup: Oscar vs. the Olympics.

It used to be that so-called "disabled" athletes were kept out of the Olympic Games because, well, they had a pretty huge disadvantage due to their "handicap." Since most would not have been able to qualify, this never became much of an issue.

Enter Oscar Pistorius! A double-amputee sprinter from South Africa who had his legs amputated below the knees when he was just 11 months old. Oscar uses specially designed carbon fiber prosthetic blades for running. This past January, the International Association of Athletics Federation banned him from so-called "able-bodied" competition because, it was argued, his prosthetics gave him an unfair advantage over other (able-bodied) athletes. Oh, how the tables have turned...

But earlier today, the Court of Arbitration for Sport (who knew there were so many legal institutions devoted to sports?) ruled that Oscar may indeed resume his Olympic dream. Score for the little guy!

Oscar could still be a long way from his Olympic goal of competing in individual competition, though. While he holds the 400-meter Paralympic world record at 46.56 seconds, that's still short of the 45.55 second Olympic qualifying standard -- not to mention the fact that all of this legal wrangling has disrupted his training regimen. But even if he doesn't qualify, all hope is not lost. Oscar can still make it to Beijing if the South African 4x400-meter relay team qualifies and he is selected to run with the six-person team.

What do you think? Should Oscar be allowed to run in the Olympics if he qualifies? Or do his prosthetics give him an unfair advantage?

Check out the clip of Oscar running (above), with a killer "Chariots of Fire"-type soundtrack. Seriously, we think Oscar's the track equivalent of Kanye West.