grahams + economics   30

Harry Shearer: Why My 'Spinal Tap' Lawsuit Affects All Creators
""We are motivated by a desire to highlight the longstanding and improper accounting practices in the music and film industries," actor writes"
economics  fraud  hollywood  spinaltap  shearer  lawsuit 
april 2017 by grahams
Why You Can’t Get a Ticket to the NBA Finals …
"… and every other major event on the planet. This is a fan’s guide to why you’re totally screwed."
tickets  markets  economics  bullshit  gouging 
june 2016 by grahams
Maple Syrup Rebellion
"Fighting to keep their syrup out of the hands of the powerful Quebec monopoly, producers sneak barrels by night, deal in a black market and even flee the province"
canada  food  economics  cartels  syrup  maplesyrup  northamerica 
may 2015 by grahams
The secret to the Uber economy is wealth inequality – Quartz
"It did not take technology to spur the on-demand economy. It took masses of poor people."
uber  economics 
december 2014 by grahams
John Henry and the Making of a Red Sox Baseball Dynasty
The Boston Red Sox’s owner didn’t buy a championship team. He built one by doing the math
mlb  boston  redsox  baseball  sabermetrics  moneyball  economics  johnhenry 
april 2014 by grahams
Why I Bought A House In Detroit For $500
After college, as my friends left Michigan for better opportunities, I was determined to help fix this broken, chaotic city by building my own home in the middle of it. I was 23 years old.
america  economics  politics  detroit 
january 2014 by grahams
David Simon: 'There are now two Americas. My country is a horror show'
The creator of The Wire, David Simon, delivered an impromptu speech about the divide between rich and poor in America at the Festival of Dangerous Ideas in Sydney, and how capitalism has lost sight of its social compact.
community  economics  economy  davidsimon  america  usa  class 
december 2013 by grahams
How Detroit went broke: The answers may surprise you — and don't blame Coleman Young
Detroit is broke, but it didn’t have to be. An in-depth Free Press analysis of the city’s financial history back to the 1950s shows that its elected officials and others charged with managing its finances repeatedly failed — or refused — to make the tough economic and political decisions that might have saved the city from financial ruin.
economics  history  detroit  michigan  money  government  debt 
september 2013 by grahams
Why the New York Mets Still Owe Bobby Bonilla Nearly $30 Million
A great article from 2010:
One year from today, the Mets will add to their payroll a 47-year-old, past-his-prime power hitter who has a reputation as a malcontent—a player who has been retired from professional baseball for nine years and won't play another game again.
article  baseball  economics  history  mlb  contracts 
june 2013 by grahams
Team-building with Billy Beane and Theo Epstein
As has been the case for each of the last four seasons, the Red Sox began this season with a payroll more than double that of the perennially cash-strapped Oakland Athletics. The resources the Red Sox can generate from Fenway Park, NESN and a passionate fan base that stretches from coast to coast dwarfs that of an Oakland team that plays its baseball in a stadium built for football.

But the combined efforts of both the owners (to restrict overall spending) and the players' union (to direct what spending there is to veteran players) have limited the ability of the Red Sox to parlay that financial advantage into more wins and losses in the future.
baseball  sabermetrics  mlb  redsox  economics 
april 2013 by grahams
Bitcoin Has No Intrinsic Value, And Will Never Be A Threat To Fiat Currency
There's a popular meme going around that fiat currencies (like the dollar, the British pound, the euro, and the yen) have no intrinsic value, and that they're only accepted because they're accepted, and that at some point, people will see through the "illusion" of the value of paper money, and realize that wealth lies somewhere else. Usually this argument is made by gold bugs.
But fiat currencies have tremendous intrinsic value because governments say they do. That's why they're called fiat currencies. They have value by government fiat.
This truth might be annoying, but the fact of the matter is that we live in a world of laws, where governments have armies, and can imprison you if you don't pay taxes. And every transaction that you do is taxed in some way, meaning that to operate in any practical matter in this world means transacting in U.S. dollars.
So the U.S. dollar isn't just important because other people think it is. The U.S. dollar is important, because the world's strongest entity, with the full force of the U.S. army, the FBI, the CIA, the NSA, and various local authorities with guns demands that you pay them in U.S. dollars. That's not faith. That's the law. Sorry.
money  economics  bitcoin  government 
april 2013 by grahams
9 Out Of 10 Americans Are Completely Wrong About This Mind-Blowing Fact
This pretty much speaks for itself. At 1:05, I get a rude awakening. At 1:41, he starts talking about you. At 2:24, he says a "bad" word. At 3:50, he kind of breaks my brain. At 4:50, he lets you know how broke you really are. At 5:20, he rubs it in. And at 5:50, he points out that reality isn't close to what we think it is.  
economics  economy  video 
march 2013 by grahams
How Airline Ticket Prices Fell 50% in 30 Years (and Why Nobody Noticed) - Business - The Atlantic
There are many sad stories to tell about the U.S. economy, but here's some good news for everybody, from radical capitalists to consumer advocates: The incredible falling price of flying
economics  deregulation  airlines  flying 
march 2013 by grahams
End Game
Curt Schilling set out to build the greatest video-game company the world had ever seen, and to get rich — Bill Gates rich — doing it. Instead, the whole thing exploded in his face. Drawing on exclusive interviews with the Red Sox legend and his former employees, Jason Schwartz takes us inside the chaos, arrogance, and mistakes that led to the destruction of 38 Studios and the loss of $75 million in taxpayer money.
economy  economics  business  gaming  games  baseball  redsox  schilling  38studios  lol  noob 
july 2012 by grahams
The Surprising Truths About Income Inequality in America: Big Issues: GQ
Guess what, compatriots? The gap between  the richest and the poorest among us is now wider than it has been since we all nose-dived into the  Great Depression. So GQ sent Jon Ronson on a journey into the secret financial lives of six different people on the ladder, from a guy washing dishes for 200 bucks a week in Miami to a self-storage gazillionaire. What he found are some surprising truths about class, money, and making it in America 
money  economics  us  rich  poor 
june 2012 by grahams
Taxi Medallions: How New York’s terrible taxi system makes fares higher and drivers poorer. - Slate Magazine
The taxi medallion system in New York and other cities raises fares, impoverishes drivers, and hurts passengers. So why can’t we get rid of it?
taxis  cities  transportation  economics  money 
june 2012 by grahams
red sox - Entering the new world order: A 2012 Red Sox draft primer - WEEI | Alex Speier
This year’s draft represents a dramatic sea change for a Red Sox team that flexed its considerable financial muscle in the acquisition of top amateur talent in recent years. The new Collective Bargaining Agreement has changed the rules for how teams acquire amateur players in significant fashion.

Major League Baseball desperately wanted to constrain the bonuses that have been given to high school and college players by teams like the Red Sox. In order to do so, a number of penalties were put in place to punish teams for spending beyond those slot recommendations.
baseball  redsox  mlb  draft  money  economics 
june 2012 by grahams
CTE, the concussion crisis, and an economic look at the end of football - Grantland
The NFL is done for the year, but it is not pure fantasy to suggest that it may be done for good in the not-too-distant future. How might such a doomsday scenario play out and what would be the economic and social consequences?
economics  football  health  sports 
february 2012 by grahams
The People vs. Goldman Sachs [longform.org]
They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.
rollingstone  economics  banking  legal  government  corruption  from instapaper
may 2011 by grahams
Peter Thiel: We’re in a Bubble and It’s Not the Internet. It’s Higher Education.
for Thiel, the bubble that has taken the place of housing is the higher education bubble. “A true bubble is when something is over-valued and intensely believed,” he says. “Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It’s like telling the world there’s no Santa Claus.”
education  bubble  economics  students  tech  startup 
april 2011 by grahams
When Irish Eyes Are Crying [longform.org]
First Iceland. Then Greece. Now Ireland, which headed for bankruptcy with its own mysterious logic. In 2000, suddenly among the richest people in Europe, the Irish decided to buy their country—from one another. After which their banks and government really screwed them. So where’s the rage?
economics  europe  finance  ireland  michaellewis  from instapaper
february 2011 by grahams
The Baseball Economists Answers Your Questions
We recently solicited your questions for “baseball economist” J.C. Bradbury, author of the new book Hot Stove Economics. His responses show great range. The most fascinating answer, in response to a question about the agent Scott Boras’s dominating performance: “I have a theory that Boras sells his own insurance to players by promising players a minimum salary in return for waiting for free agency. This way, players get insurance against injury, more income if they reach free agency in good health, and Boras gets a bigger cut.” Thanks to J.C. and all of you for playing along.
baseball  economics  economist 
december 2010 by grahams
The High Cost of Free Parking | MetaFilter
"Eighty-seven percent of all trips are made by personal vehicle and 99 percent of those trips arrive at a free parking space." But that free parking comes at a high cost according to Donald Shoup's research. He advocates for charging the right price for on-street parking and for removing off-street parking requirements. Shoup's ideas are coming to the streets in San Francisco's new demand-responsive parking system. Loyal Shoupistas work to spread and implement his ideas.
parking  cities  city  cars  urban  planning  engineering  economics  from delicious
july 2010 by grahams
Car Sharing
A carsharing system in effect transforms fixed costs of vehicle ownership into variable costs.” (Shaheen, 1999)
zipcar  cars  automotive  transit  transportation  carsharing  environment  economics 
june 2009 by grahams
Wall Street on the Tundra | vanityfair.com
Iceland’s de facto bankruptcy—its currency (the krona) is kaput, its debt is 850 percent of G.D.P., its people are hoarding food and cash and blowing up their new Range Rovers for the insurance—resulted from a stunning collective madness. What led a tiny fishing nation, population 300,000, to decide, around 2003, to re-invent itself as a global financial power? In Reykjavík, where men are men, and the women seem to have completely given up on them, the author follows the peculiarly Icelandic logic behind the meltdown.
michaellewis  finance  economics  iceland  currency  vanityfair  articles 
march 2009 by grahams
Municipal Bonds That Predate the Bronx Are Maturing Now - NYTimes.com
Anyone who has failed to keep track of a winning lottery ticket for all of 12 months may want to consider the efforts of 39 bondholders who have been safekeeping valuable, tissue-thin, New York City securities since shortly after the Civil War.
money  finance  economics  bonds  cities 
february 2009 by grahams
An Interview With Michael Lewis - The Atlantic Business Channel
Lewis has been writing about recently has been the migration of geographical power: the end of Wall Street. In magazine articles, op-eds and a new edited volume, he's documented the decline and fall of high finance. So when the Atlantic started to put together a new website about business and finance, he seemed like a good person to talk to.
lewis  michaellewis  moneyball  liarspoker  interview  books  finance  economics 
january 2009 by grahams
How to Win at Monopoly - a Surefire Strategy
I'm a big Monopoly fan and I recently saw a great website [calculated] how long it takes to return your investment in the various properties and houses/hotel purchases. Knowing this is really the key to developing a strategy to win the game.
boardgames  business  cool  economics  entertainment  games  monopoly  strategy  howto  tips  fun 
november 2007 by grahams
Momus - Post-bubble is a way of life
But what might a big crash mean to the rest of us? Might it even be rather good news? I think the answer to that depends on the answer to the question "How big?" The kind of crash people call a "correction" would mean very little to me, personally. [...]
momus  music  politics  financial  economy  economics  stockmarket 
march 2007 by grahams
Mindjack - Piracy is Good?
An interesting article which explains why content dissemination is about to change drastically (or quite possible already has)
tv  bittorrent  torrent  p2p  economics  media  piracy 
may 2005 by grahams

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