Category Archives: Fleecing_the_rubes
Inside a Hollywood heist
One measure of the true cost of these programs is whether states recoup their subsidies through increased tax revenue. A comprehensive review of the recent literature produced by states in 2009 (when these programs were at their peak) finds consistent, … Continue reading
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Tagged economics, mpaa, tax code
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End the NCAA’s Long Con: Why Student-Athletes Should Be Paid and the Higher Education Bubble Should Pop
College basketball and football together generate more than $6 billion in annual revenue. Television deal terms are skyrocketing. Two years ago, the NCAA and CBS/Turner Sports agreed on a $10.8 billion deal to broadcast March Madness basketball games till 2024. … Continue reading
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Michigan Movie Studio Gets Tax Breaks, but Results in Few Jobs
Hollywood may make movies about the evils of capitalism, but it rarely works without incentives, which are paid for by taxpayers. Nationwide, about $1.5 billion in tax breaks is awarded to the film industry each year, according to a state-by-state … Continue reading
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Intelligence effort named citizens, not terrorists
The lengthy, bipartisan report is a scathing evaluation of what the Department of Homeland Security has held up as a crown jewel of its security efforts. The report underscores a reality of post-9/11 Washington: National security programs tend to grow, … Continue reading
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Tagged governmental stupidity
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Social media sites are creating a new dot-com bubble
You can just see it now — the enraged look on the face of the average rube investor who, on the advice of a CNBC blowhard or some speculative rag sheet, bought LinkedIn and Groupon high. via Social media sites … Continue reading
Posted in Fleecing_the_rubes, Investing
Tagged groupon
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