Since it is tradition, they still do.
They tested the torch over and over so it can still burn in snow, rain, etc. It can still be burning even if you drop it.
Yes, basketball is still an Olympic sport. The 2012 Olympic Games will be held in London.
If referring to a Bunsen burner, a safety flame can still burn you. It is called a "safety flame" as the yellow flame is more visible than the blue flame
The flame is not carried from mt Olympus but from the ancient sanctuary of Olympia in southeastern Greece, in the regional district of Elia (Ηλιεία in Greek), in Peloponnese. The first Olympic games ever (named after the region) took place there in 776 BC. The flame used to burn non stop during the Games back at the time, and it symbolised the theft of fire from the Greek god Zeus by Prometheus. The Olympic torch relay from Greece to various cities around the world, has no ancient precedent whatsoever and it was introduced for the first time in the Olympic games of Berlin in 1936 (the Nazi Olympics) by Carl Diem, who imagined a symbolic pageant that would give the Nazi Germany a bit of the old glory of ancient Greece, by the transit of a lit flame from Greece to Berlin by a relay of torch-bearing runners. Although the transfer of the Greek flame around the world gives a mystifying glory of the past to the modern Olympic Games, it is not understood why this Nazi extravaganza is still happening today.
When sun rays reflect off a parabolic dish/mirror an invisible sun beam ignites the torch and this is the ancient method still used to light the Olympic Torch.
Because they can
Yes, many aircraft still exist.
Yes, it's still currently a Olympic sport.
No, the R.M.S Olympic went out out of service in 1935.