seoul in korea, tokyo always good, shanghai of course. in south america, i think there are cities coming out like buenos aires -- >> rio de janeiro? >> yes. >> given the fact that you have newer cities coming up, how do you think the market is going to look maybe five or 10 years down the line? when we look at the icca ranking may be in the year of 2020, the ranking could be very different with these newer cities coming up and getting the attention that they deserve because the economy is changing, as some people have been saying, the world economic center is shifting to asia. >> in the past, i think the european, they have the market share, somewhere around 60%, more than 60%. asia-pacific maybe only 18% or 20%. you can see there is a trend that is growing in the asia- pacific. you also can see the membership in the asia-pacific, the only place that have grown in the past few years. there are a lot of conference, conventions that move their meetings from europe to asia, to shanghai, maybe to beijing or even ho chi minh city. >> really? t

tokyo is in the running to host the games. the fukushima plant has been leaching contaminated water since the 2011 earthquake and soon army. -- tsunami. i will be back in 30 minutes with more. >> thanks. the g-20 summit is due to kick off at saints peter berg -- st. petersburg amid a economy showing signs of a genuine turnaround. a preview. >> the financial crisis that triggered the creation of the g- 20 lingers on. leaders meet in russia's second- largest city of st. petersburg. facing pressing challenges. the u.s. economy is picking up, but growth remains weak. the european union is still fighting a debt crisis. china's exports have dipped. emerging economies such as india and south africa are facing capital outflows. >> growth is too weak. unemployment is too high. recovery is too fragile. more work is needed to improve the situation. there is a need for structural reforms across all major economies. >> in july, the imf cut its mobile growth expectation for this year to 3.1%. job creation is a key item on the growth agenda.

i'm raja pradhan with the news from tokyo. the last remaining slot on the list of 28 sports to be played in the 2020 olympic games has been chosen. the international olympic committee has picked wrestling. the other sports vying for inclusion were baseball/softball combination and squash. this came one day after tokyo was chosen to host the

this is still most successful in the united states but if you look at it territory, it moves to tokyo, singapore and australia. this trend is now moving not only from the united states to europe but readily to the asia- pacific area as well. >> what are some of the similarities and differences between the concept of cloud computing and virtualization? >> virtualization to me is one of the enabling technologies for cloud computing. two of the major benefits of cloud computing the notion of always on and inelasticity. virtualization happens to be able to support that. simply put, virtualization is a technology that can abstract a piece of hardware resource into virtual services. becoming virtual services or resources exit much easier to manage it. no longer you think of a computer as hardware. you think of it as a file. like whatever you can manipulate in your folder. it makes it very easy to manage. on top of that, to maximize utilization of your hardware resources and encourage a marketable entity to share the resources simultaneously without interfering with one another. >> with the

even though bookies have all of their money on tokyo. >> why do you say that? >> because i suspect the i.o.c., particularly athletes, federations who must go to the olympics, are a little nervous about that increase in radiation coming out 0 of fukushima. madrid, spanish just cannot afford it. just cannot afford it. istanbul has a solid bid. it's the right place. if you ever had an olympic in asia, bridge between two continents. it's efficient. and most important it's their fifth bid and i.o.c. guys take notice of that, persistence is not futile. with the i.o.c. >> we have a twitter saying, is stan ball political problems, japan radiation problems. >> but you still think, though, istanbul is the place? >> political problems can change a lot in -- seven years? tradition won't go away and economic problems may be harder but government can change. that would be my answer. >> we will have the answer, of course, on saturday. now, amid-the battle of titans between apple and google and samsung, we sometimes forget because we talk about mood cycles being quick, the bus

. >> the excitement is mounting in madrid, istanbul, and tokyo at of the decision on who will host the 2020 olympic games. in istanbul, there are fears that the protests may have affected the city's chances and in japan, facing questions on whether radiation from the crippled fukushima plant could affect athletes and visitors. >> days to go and hopes are high for the japanese summer olympic bid with state-of-the-art facilities and strong finances assured, they want to set themselves apart from competitors plagued with security threats and security problems. >> this 4.5 billion hosting fund is cash in the bank. >> they enjoyed widespread popularity at home is 70% of the residents wanting to host the games. >> at the games are in tokyo, i will go to the stadium to cheer them on. >> on paper, it looks like a done deal. overshadowing the promising bit is the fukushima daiichi plant, the nuclear disaster looming over the olympic bid and refuses to go away. >> they should use the money to clean up the pollution and rebuild the area destroyed by the earthquake and soon army. >> contaminated w

from tokyo, to buy an instrument, and then leave that same day on a private jet. to a a guy off the street with barely a nickel in his pocket to buy her mononyika and everything in between. there's always something going on. from somebody famous coming in, to a young guy that you have couple years and now he is a sitting there and actually pllying a guitar, and it sounds pretty good, and you are going, that's cool. ♪[music] >> you go right into this room behind us, and there's six, seven, $8,000 guitars or banjos hanging on the wall. and any one in their brother can walk in and play. probably get a few more dings on our instruments, but we also have an atmosphere where you can try anything you want. >> everything is available to play, and that's the only way to buy an instrument. >> you cannot pick up a $5,000 guitar anywhere. >> i guess thaa's he feel, kind of an open door. >> guitars in colorado, they certainly do, but you would never see one just hanging out there, that you can pick up and play.3 you would never see that. >> the atmosphere is great. great peo

i'm raja pradhan with the news from tokyo. >>> u.s. president barack obama has begun persuading members of congress to support military action against syria. he says he believes the u.s. should launch a military strike but would like congressional approval before he gives the go-ahead. congress is not due back from recess until september 9th. >> and i have decided that the united states should take