Relevant and even prescient commentary on news, politics and the economy.

D-Squared Provokes a Call to Action

The close:

[W]hen the New York Times came and offered [Ross Douhat] a column, he did not turn it down saying “no, I clearly do not deserve this honour, others are far more qualified for it that me”.

The NYT thinks Douhat’s important because people link to him. They neither realize—nor care—that you’re laughing at him. They just count the links and think he’s Valuable.

Stop linking. Please. Even the thorough destructions (e.g., Dave Noon) include the trackback.

Don’t include a link to Douhat. Think of the children.

Tags: , , , Comments (0) | |

The Economics of Michael Jackson

When I first heard that Michael Jackson died, I thought immediately of Chuck Sullivan. I met him once, probably in the early 1990s, after his sponsorship of The Jacksons’s Victory tour savaged his fortune. Unlike the other Moguls I Have Seen, it seemed his reversal of fortune impacted his mood. (More likely, I just caught him on a bad day.)http://www.blogger.com/post-create.g?blogID=5048766

So I decided to do an AB post about the Victory tour, which was probably the beginning of the end for MJ’s claim to being “the new Elvis,” since it was the last time he toured with his family.

Fortunately, as my Loyal Reader (a loyal Patriots fan) notes, I don’t have to. Chad Finn at the Boston Globe tells the story:

[A] disastrous business venture by the Sullivan family — the founding owners of the franchise — indirectly helped Kraft fulfill his dream of owning the Patriots….Charles Sullivan had used the stadium as collateral to fund the Jackson brothers’ Victory Tour back in 1984. Over-leveraged, Sullivan went bankrupt and was forced to sell the arena.

The rest, as they say, is HIStory.

UPDATE: More discussion of the Victory tour, the Reagan Administration, and the bitter attitude of a future Supreme Court jutice at the NYT blog h/t Greg Mitchell’s Twitter feed).

Tags: , , Comments (0) | |

Yankee Interlude

I’m not really paying attention to (major league) baseball this year, so I should probably leave this to Scott, but, as a query:

For all team that was supposed to have had a major improvement in its middle relief this year, the Yankees appear to have given up a large number (>=7) of runs in the middle and late innings this year.

Is Alan Greenspan the Yankee pitching coach, and assuring the von Steingrabbers that such “bubbles” are ‘Once in a Century’ moments?

Tags: , , , Comments (0) | |