News

38403 readers

1463 users here now

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source. Clickbait titles may be removed.

Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.

7. No duplicate posts.

If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners or news aggregators.

All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 3 years ago

MODERATORS

rjc@lemmy.world

Tenthrow@lemmy.world

JonsJava@lemmy.world

gedaliyah@lemmy.world

little_cow@lemmy.world

jeffw@lemmy.world

enu@lemmy.world

FIFA - Not U.S. Economy - Is Big World Cup Winner So Far (www.forbes.com)

submitted 21 hours ago by technocrit@lemmy.dbzer0.com to c/news@lemmy.world

8 comments fedilink hide all child comments

While the World Cup group stage (June 11-27) was taking place, overall international arrivals to the U.S. in June were essentially flat (+0.2%) compared to a year ago, according to data from the National Travel and Tourism Office (NTTO) in the Commerce Department.

Arrivals in June were down year over year from Europe (-1.2%) and Asia (-5.6%), two regions that consistently dominate overseas arrivals, while arrivals were up from lower-volume regions: Africa (+13.8%) and South America (+4.7%), according to NTTO data.

Hotels in World Cup host cities raised room rates, but did not see an increase in occupancy or room demand, according to CoStar, the industry benchmarking and analytics firm.

A FIFA analysis predicted the World Cup would inject $30.5 billion into the U.S. economy—but its calculation counted on a huge influx of international fans, who spend much more per person than U.S.-based fans.

FIFA is set to take in $9 billion in revenue, according to an analysis by Bloomberg Intelligence.

you are viewing a single comment's thread
view the rest of the comments

[–] tal@lemmy.today 5 points 14 hours ago

Big events like that are not about profit though. They're really about buying prestige, which remains more valuable than profit.

Ehh.

https://en.wikipedia.org/wiki/Federal_Correctional_Institution,_Ray_Brook

The United States Olympic & Paralympic Committee needed congressional approval for funding to build an Olympic Village for the 1980 Winter Olympics. Congress required an after-use contract for facilities, and Lake Placid's congressman Robert C. McEwen considered the possibilities of having it be repurposed as housing, a hospital, or a permanent athletic facility, but these plans all failed to materialize. As McEwen searched for possibilities, he learned that Norman Carlson of the Federal Bureau of Prisons has congressional approval to build a prison in the Northeastern United States. It was ultimately agreed to create the Village with the goal of repurposing it as a prison.[1][2]

At the time of construction, the Olympic Village had 937 small cells, each holding between 2 and 4 athletes. The majority of rooms had one barred window, although some had no windows at all, and they had heavy steel doors with peepholes for use by guards after conversion to a functional prison. The Village was surrounded by concentric chain fences. The fences were sensitized and sounded alarms if touched. The only entrance to the village was a surveilled double gate. The village saw widespread condemnation from International Olympic Committees, and multiple countries sought to rent housing in other locations. While National Olympic Committees typically need to pay on their own if they choose to find new accommodation, IOC Director Monique Berlioux said, "This time the accommodations are so poor that delegations will not have to pay for them if they move somewhere else."[3]

The delegations of Sweden, Italy, Austria, East Germany, West Germany, and other countries sought alternative accommodations. This created an unexpected boom in the local real estate market, increasing rent in some areas from US$200 (equivalent to $781.5 in 2025) to US$4,000 (equivalent to $15,630 in 2025).