Economic Articles

http://www.fieldofschemes.com/news/archives/2011/10/4704_nba_lockout_whe.html October 20, 2011 [pic] This picture is David bleak President of Basketball Operations talking to the press or so the lockout NBA lockout: When it hurts, when it doesnt Hey, look! Its yet another news story roughly how the NBA lockout is hurting local economies! The NBA lockout means lost income for workers at prophet Arena, reduced takings for some Oakland bars, restaurants and hotels, and a drop in revenue for the city of Oakland, which operates the arena and also gets sales-tax revenues from many impact businesses. Those who read my recent Slate article, or my FoS posts since then, know that this is what economists describe to as a load of crap. To their credit, the above-cited article in the San Francisco recital quotes economist Roger Noll as saying that in that locations no reading that lost sporting events have any significant burden on the local economy â€" less to their credit, they then foretell Noll with figures lifted from the Boston Globe and an NBC affiliate report in Indianapolis that claim otherwise.

The Chronicle didnt bother to include links, however I dug up the Globe article, which, it turns out, cited the Boston restoration Authority, which just added up all spending in and round Celtics games and came up with a figure of $1.8 million â€" with no limiting for money thats being spent elsewhere now that the NBA is on the shelf. The Indianapolis reports source was a consultant behnd the Pacers modish subsidy deal; the station didnt give details just about how the numbers were derived. In either case, though, its not exactly a peer-reviewed study, like some I could mention. Its just another grammatical case of how bad journalism can take on a life of its own, long after its been debunked. I would make the said(prenominal) complaint about this report out of Memphis, except that theres a twist here: The city of Memphis is considering getting touch in the NBA owners... If you want to get a full essay, arrangement it on our website: Orderessay

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