Whenever professional economists are asked about stadium and arena deals, they invariably explain, for the hundredth time, that these “almost never” work out to the benefit of the public. (Look, here are a bunch saying so just a few weeks ago!) Between the price tags in the hundreds of millions of dollars and the feeble economic returns that sports venues generate—pro sports teams, economists like to note, do about the same amount of annual sales as a large grocery store—it’s settled science that it’s nearly impossible for taxpayers to come out ahead. But nearly impossible isn’t completely impossible. In a vanishingly few cases since the dawn of the Age of Sports Subsidies, pro sports team owners in the U.S. have managed to build new homes for their franchises in ways that don’t entirely suck, even in the eyes of the most jaundiced skeptics. (Like me.) Sometimes this happens in response to a populace that outright refused requests for … [Read more...] about What Can We Learn From Four Stadium Deals That Don’t Suck?
Business one stop sc
In August, shortly after Bob Woodward, the famed White House reporter who has the distinct honor of being half of the investigative journalist duo that bought down a corrupt president, had just finished his manuscript for “Fear,” a look inside Trump’s White House. The president had received word of the book’s existence and was reportedly annoyed that the book was about his White House even though he never got to speak with the writer. According to Woodward’s account, he had tried to get the president to respond to his request for a sit-down interview. He’d contacted the president’s counselor Kellyanne Conway, and several others including Sen. Lindsey Graham (R-SC). The president claimed that he never got any messages. In fact, the President of the United States claimed that people who are paid to answer to him don’t tell him everything. So after reports surfaced that the president was annoyed that he wasn’t asked to participate in … [Read more...] about Bob Woodward’s Strange Call With Trump Catches The President in a Lie