January 6, 2012 -- Updated 1206 GMT (2006 HKT) The 2012 Summer Olympics will be held in London starting July 27 and ending August 12. Also, on Wednesday organizers admitted "human error" last year led to 3,000 people being sold 10,000 tickets to synchronized swimming events that simply did not exist. Local media have reported that some of those allocated only synchronized swimming tickets will be now be in the stadium for the finals of some of the main track events, at a fraction of the face value of those seats. When London last staged the Olympics in 1948, in the aftermath of World War II, it was called the "Austerity Games." January 3, 2012 -- Updated 1106 GMT (1906 HKT) Alongside its sporting ambition, Britain's capital aims to showcase itself as a vibrant, modern, cultural center. January 3, 2012 -- Updated 1110 GMT (1910 HKT) A deal which would have seen English football club West Ham United move into the London 2012 Olympic Stadium has collapsed. January 3, 2012 -- Updated 1134 GMT (1934 HKT) CNN's Aiming for Gold Olympic show talks to the world's fastest man, record-breaking Jamaican sprinter Usain Bolt. January 3, 2012 -- Updated 1137 GMT (1937 HKT) Britain's world heptathlon champion Jessica Ennis reveals her training regime for the 2012 athletics season and the Olympic Games. January 3, 2012 -- Updated 1130 GMT (1930 HKT) CNN's Atika Shubert reports on the London Olympic Committee's decision to commission artists to create official posters. CNN's Pedro Pinto talks to IAAF athletes of the year Usain Bolt and Sally Pearson about their exploits in 2011. CNN's Aiming for Gold Olympic show finds out what makes South Koreans so passionate about archery.