news
9-11 June
CCMG announces
new dates for The Nordic MICE Summit 22.
Hard work ahead
Dubai captures 120 international business events
Goal: 400 global economic events annually by 2025.
next-gen platform
mci group
opens a creative technology studio in Brazil.
23,000 participants
Eighteen International Conferences
Selected Seoul to be the Destination.
over 300 programmes
Helsingborg, southern Sweden
invites the world to a 35-day innovation fest with H22 City Expo.
hotel news
Scandic to open
climate-neutral hotel in Sundsvall, Sweden, in 2024.
airline news
China blocks some flights from the U.S. as Covid precautions rise
United canceled flights from San Francisco to Shanghai on six days in late January.
could be 8,000 delegates
The World’s Largest Congress on Allergy
Heads to Prague, Czech Republic.
hotel news
Germany’s first Radisson Collection hotel
opens in the heart of Berlin.
business & meetings
Beijing North Star Convention and Exhibition
and GainingEdge Enter into Strategic Partnership.
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Is The Meetings Industry Ready This Time?

Mitchell Beer, in a commentary piece on MeetingsNet.com, writes on the new economic crisis:

"Last week brought the bad news we all had hoped to avoid. When the U.S. Congress reached a deal to raise the debt ceiling, it looked like the economy had dodged a bullet—until stock markets began ricocheting back and forth, losing all the value they’d gained in 2011 in a single day.

Then on Friday evening, Standard & Poor’s announced an unprecedented downgrade in the U.S. government’s credit rating, declaring itself “pessimistic about the capacity of Congress and the administration” to cut the deficit and stabilize the country’s finances.

As analysts quickly pointed out, S&P is not one to talk about financial credibility: “I really find it quite amazing that a credit agency that could rate mortgage-backed securities AAA has decided to downgrade the U.S. government,” said Gregg Salvaggio, senior vice president of Washington-based Tempus Consulting. But the damage was done, and there is little hope that this week will bring a sudden economic turnaround."

Continue reading at MeetingsNet.com