The Redeem Team has advance to its first USA basketball gold-medal game after 8 years. They defeated Argentina that lead them to the finals.The United States will play against Pau Gasol’s team Spain today at 2:20 PM (Singapore Time) live.

Spain’s Olympic basketball team posed for an advertisement prior to the Games which appears to show all its players slanting their eyes, a move that could offend its Olympic hosts in Beijing. The ads, for a Spanish courier company, appeared in the Spanish-language newspaper La Marca. [Yahoo Sports]

Below are the list of Spain Basketball Team players:

• Carlos Jimenez - Forward
• Juan Carlos Navarro - Guard (Memphis Grizzlies)
• Jorge Garbajosa - Forward (Toronto Raptors)
• Raul Lopez - Guard
• Ricky Rubio - Guard
• Jose Manuel Calderon - Guard (Toronto Raptors)
• Pau Gasol - Centre (L.A. Lakers)
• Marc Gasol - Centre
• Berni Rodriguez - Guard
• Alex Mumbru - Forward
• Felipe Reyes - Forward | Guard
• Rudy Fernandez - Guard

Tomorrow they will compete the Redeem Team USA at 10:05 PM (China Time). This will be a good battle between L.A. Lakers teammate Paul Gasol and Kobe Bryant. (Updated: US defeats Spain, 119-82)

Men’s Basketball is my favorite event in Beijing 2008 Olympic Games. The venue of the Olympic basketball preliminaries and finals is Beijing Olympic Basketball Gymnasium.

Twelve teams are split into 2 preliminary round groups of 6 teams each. The top 4 teams from both groups qualify for the knockout stage. Teams who participate on this event are Angola, USA, Argentina, Iran, Russia, Lithuania, Croatia, Greece, Germany, Australi, Spain and China.

USA versus Argentina, Spain versus Lithuania are competing for the semi-finals and who will win between them will meet on the gold medal game

Janos Baranyai from Hungary met a weightlifting accident at Beijing Olympics. Baranyai was trying to lift 148kg in his third turn in the men’s 77kg division when his right elbow was dislocated. He was no longer able to support the weight of the barbell and the right forearm bent backward. The 24 year old Hungarian was shocked and cried when he fell to the floor. Read the full story here.

One World, One Dream - this is the Olympic slogan calling upon the world to unite in the Olympic spirit. Last July 13, 2001, International Olympic Committee (IOC) awarded the Olympic Games to Beijing after an exhaustive ballot. The five Fuwa mascots of Beijing 2008 (Beibei, Jingjing, Huanhuan, Yingying, Nini) representing the Olympic rings and a symbol of Chinese Culture.

Total of 206 countries participating on this event with 38 sports such as archery, athletics, badminton, baseball, basketball, beach volleyball, boxing, canoe/kayak flat-water, canoe/kayak slalom, cycling BMX, cycling mountain bike, cycling road, cycling track, diving, equestrian, fencing, football, gymnastics artistic, gymnastic rhythmic, trampoline, handball, hockey, judo, modern pentathlon, rowing, sailing, shooting, softball, swimming, synchronized swimming, table tennis, taekwondo, tennis, triathlon, volleyball, water polo, weightlifting and wrestling.

For the latest news, schedules, results and athletes/teams information visit the official website of the Beijing 2008 Olympic Games.

20 years old Novak Djokovic won the Australian Open men’s single last Sunday against Jo-Wilfried Tsonga. He became the Serbia’s first Grand Slam singles champion after his four-set win over frenchman Tsonga at Melbourne Park. Tsonga beat Federer while Djokovic beat Nadal in semi-finals. In women’s single, Maria Sharapova beat Ana Ivanovic in their two-set match. Sharapova has won three Grand Slam singles titles, first in Wimbledon (2004), second in U.S. Open (2006) and third is the Australian Open (2008).