Have you thought about using the Olympics as "teachable" moments with your children? It's an incredible accomplishment for athletes to stand on the podium and receive a gold, silver, or bronze medal, but what about all those who tried their best and have no medal to show for their efforts. What a great opportunity to teach children about the joys of winning and the agony of losing!
Or consider how all those representing their country cheer for each other and encourage their team members to do their best. Not everyone on a team can be the gold medalist, but they all support each other in their efforts to win medals. What a great lesson in teamwork!