Hollywood inhabitants always joke that nobody can understand the profit and loss statements of films. There's an old expression: "We shoulda shot the deal instead of the movie — it's got a better plot." The same, it seems to me, could be said of the economics of college athletics.
One week before the pro baseball season ended, Florida Marlins pitcher Leo Nunez made a stunning admission: For the past 10 years, he lied about both his age and his name. As the subterfuge finally came apart, Nunez left for his native Dominican Republic. Details about why he assumed someone else's identity are only now coming out.
"His real name is Juan Carlos Oviedo," Miami Herald reporter Frances Robles tells NPR's Lynn Neary. "And when he was 17, he assumed a friend's identity, who was 16 — because the teams pay so much more money for 16-year-olds."
This summer I spent a month in Egypt doing research for the public radio program Afropop Worldwide. In October, Afropop will begin airing a series of programs looking at Egypt — past and present — through the eyes of musicians. In one episode Egyptians are asked to imagine how the revolution will affect their popular music?
In the past 17 days, people visiting Munich's Oktoberfest drank a record 7.5 million liters of beer — around 1.98 million U.S. gallons. That figure is made more striking if one notes that the festival, which ended Monday, hosted some 6.9 million visitors this year — or 200,000 people short of a record turnout.
Despite that number, there was less violence this year, with the police being called about 100 times fewer than they were in 2010. And Reuters says that only 58 conflicts involved people knocking one another over the head with steins — a drop of 4 from last year.
As President Obama sells his jobs initiative across the country, people in Mississippi point to a program they say is already creating jobs. Mississippi has attracted attention because economists like the way the state got employers to share the cost of hiring workers.
Under the Subsidized Transitional Employment Program and Services, or STEPS for short, the state pays part of the cost of workers' salaries in the hopes that the subsidy will lead to full-time jobs.
Some analysts say this could be a national model, but it comes with a price tag.