Plastered all over the world today is a photo of Michael Phelps smoking marijuana out of a bong. Mr. Phelps put out a statement saying that he acted in a youthful and inappropriate way and that he promises it won't happen again. Different people are weighing in on the possible impact of this photo on the gold medalist's 100-million-dollar endorsement deals.
Here are a few of my observations on Phelps' bong hits.
Phelps is in good company:
Phelps struck another blow to the...
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