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Evening concerts bring crowds to Douglas County Fair
After thrill rides, carnival games and livestock shows, attendees of the Douglas County Fair on Thursday, Friday and Saturday were treated to one last attraction as the sun set over
Our Opinion: Don’t delay studies of health, environmental impact of data centers
In so many ways, it was the opposite of just about everything one might expect from a public meeting these days. An overflow crowd of residents jammed into the Lackawanna County Commissioners’ meeting room in Scranton on Wednesday,…
Miss North Carolina USA organizers deny politics, faith behind stripping winner of crown
Brittany Boltinhouse, who won the Miss North Carolina USA pageant in June, was stripped of her title weeks later after organizers reviewed past online posts.
Business executives explain what brought their companies to Alabama at BCA conference
The executives told the crowd what made their companies choose Alabama, why they stay and how Alabama could better pitch itself to businesses.
It’s 2026. Do you know where healthcare AI’s ‘social license’ is?
Contactless credit-card readers and police radar guns enjoy broad social license to operate just about anywhere. Self-driving cars and flock safety cameras don’t. AI in healthcare?
Overcrowding, drugs and health crisis behind Mecklenburg jail deaths, sheriff says
Recent deaths spark state investigations as leaders remain split on reopening Jail North
Darline Graham tests value of a famous name vs. lack of experience in South Carolina primary
Darline Graham, the sister of the late Senator Lindsey Graham, is running in a crowded Republican Senate primary on Tuesday
MLB Player Props & Best Bets for Today, August 8
MLB player props and best bets for tonight's action, including Chase Burns, Jake Bennett, and Pete Crow-Armstrong.
How cleaning up space debris could grow to become a big business
As Earth’s orbit gets more crowded, companies are betting that cleaning up space junk could become a lucrative new business.
Downtown Danville’s FIRST FRIDAYS “Science in the City” Brings Out Crowd Heading into Weekend
Downtown Danville's now traditional August First Fridays event "Science in the City" brought out kids, adults, and families Friday night (Aug 7th). It's meant to build up enthusiasm for the coming school year; but also, like all First Fridays events, to give families a good time.
How North Texas council meetings became heated political spectacles
Crowded, rowdy North Texas council meetings are pushing local leaders to tighten public comment rules as city halls become heated political spectacles.
2026 MLB Odds: Will Yordan Alvarez Win The Triple Crown?
Houston's superstar has a chance to make history at the plate. Will he do it? See the odds.
Top MLB prospect called up, set to make debut
The Twins have their sights set on the AL Central crown.
DELTONA Inks With The Core Entertainment & WME
Country rock trio DELTONA has signed with The Core Entertainment for management and WME for [...]
Energy politics prominent in big South Carolina Senate primary
Upstarts are seizing on artificial intelligence infrastructure and solar manufacturing to undercut their rivals in a crowded Republican contest.
John Fetterman is losing support among his party's voters. High-profile Democrats are emerging as potential challengers
For John Fetterman and Chris Deluzio, it was a moment of unity in front of a large crowd of fired-up Democratic voters. On the eve of the 2022 election,...
Sports in Atlanta this August: Guide to Games and Sporting Events
From the roar of the crowd at Mercedes-Benz Stadium to buzzer-beaters, goals and hard-hitting action, August is a great month to be a sports fan in Atlanta. Whether you’re cheering on the Falcons, Atlanta United, the Dream or discovering something new like roller derby or HBCU football, there’s no shortage of exciting games and sporting events to experience.
Federal Reserve’s Lisa Cook tells Anchorage business crowd she’s ‘firmly committed’ to bringing down inflation
High inflation for five years has contributed to negative views of the economy, even as it’s largely stable, Lisa Cook said.
Cubs 7, Dodgers 6: Pete Crow-Armstrong’s DH day
… but the game got just a bit too exciting in the eighth. The Cubs held on for the sweep.
Bottoms, Jackson offer competing visions on data centers, Medicaid expansion at business luncheon
Democrat Keisha Lance Bottoms and Republican Rick Jackson took the stage at an Athens event center to pitch their policies to a crowd of over 1,000 members of the state’s business community.
New Preakness deal will see race move back a week, shift to Sunday, stick with NBC
The Preakness Stakes will double its media rights revenue in a new six-year deal with NBC Sports, and the second leg of horse racing’s Triple Crown will move off its traditional Saturday race day and run on a Sunday while moving back a week on the calendar.
New Preakness deal will see race move back a week, shift to Sunday, stick with NBC
The Preakness Stakes will double its media rights revenue in a new six-year deal with NBC Sports, and the second leg of horse racing’s Triple Crown will move off its traditional Saturday race day and run on a Sunday while moving back a week on the calendar.
Chartbook 464 The"China squeeze" - the politics of development counterfactuals.
There are three types of China shock discourse. Each has a distinct temporal register. China shock 1.0 was a phrase coined by US academics in the 2010s to retrospectively summarize the impact on particular US labour markets, which they identified through painstaking empirical investigation. China shock 2.0 on everyone’s lips in Europe in the mid 2020s is an alarm raised by trans-Atlantic policy thinkers warning of a coming disaster which they project onto Europe’s ailing car industry. The third type of China shock discourse - commonly known as the “China squeeze” launched most recently by Indian economists Shoumitro Chatterjee and Arvind Subramanian in the pages of Foreign Affairs - mobilizes a different, more speculative temporal register: the counterfactual realm of alternate history. The China squeeze argument asks not what has happened, or what is going to happen, but what might have been. Specifically, what options for economic development might have been open to Global South economies like India or the economies of sub-Saharan Africa, had it not been for China’s spectacular industrialization since the late 1990s and the persistent competitiveness of China’s manufacture in low-skilled segments. Chatterjee and Subramanian’s argument is that whilst China has built a powerful position in electrical machinery and other high-skill manufacturing, which is now delivering China Shock 2.0, it also continues to run a trade surplus in low-skill, labour-intensive manufacturing. This surplus is large and has remained largely unchanged in fifteen years. Indeed, in the 2010s, in trade with low-income countries, China’s surplus rapidly increased. On their reading, this squeezes low-income producers in low-skill sectors in which they “should” be able to compete. Source: “China’s Mercantilist Squeeze on Developing Countries” Shoumitro Chatterjee and Arvind Subramanian. Peterson Institute for International Economics 26-7 May 2026 Chatterjee and Subramanian’s wording is telling: (emphasis mine) The canonical trajectory of economic development in the post-World War II period is for countries to transition from agriculture to manufacturing, first in low-skilled manufacturing and then later on to high-skill manufacturing (Herrendorf, Rogerson, and Valentinyi 2013). At the global level, this implies that high-income countries (HICs) that once specialized in low-skilled activities cede manufacturing export space to poorer countries that come along to occupy that space. In 1965, advanced economies accounted for about 60 percent of global value-added exports in four key low-skilled manufacturing sectors, i.e., apparel, leather, textiles, and footwear. Over time this share declined and began to be occupied first by the East Asian tigers and, beginning in the late 1990s, by China. Today China accounts for about 50 percent of the global market. The question is whether China, with its rising prosperity, is continuing to behave like its richer counterparts and ceding export space to poorer followers or to behave unlike them and continuing to occupy space. In terms of the conceptual maneuvers it performs, of the three China shock discourses, the “China squeeze” argument is by far the most ambitious. After all, it bases its critique of China on a counterfactual imagining of the world. Like any counterfactual argument, to construct this alternative reality it must rely on a heuristic model. To make their argument Chatterjee and Subramanian mobilize two key claims. The first reference point is the actual history of rich-country industrialization, what they refer to as the “canonical path”. The idea is that countries transition from agriculture to light industry and low-skilled manufacturing and from there up the value chain. To make this useful as a standard of comparison and a means to construct a normative standard, they adjust sectoral export shares for two factors: 1. the underlying level of economic development of the exporting country, as measured by national income and 2. the degree to which the sector in question is internationalized. The idea being that for a high income country to have a high export share in low-skill sectors is anomalous and even more so if that particular product is highly internationalized and thus suitable for being “conceded” to lower-income competitors. Where should this process end? Here Chatterjee and Subramanian introduce their second benchmark. Their normative idea of a global development path is one in which, in due course, low-skill manufacturing exports are distributed in proportion to a country’s share in the global labour force. They imagine, in other words, a world of proportional, polycentric global development without much national specialization in low-skill manufacturing. A useful benchmark is that, in labor-intensive manufacturing sectors, a country’s share of world exports should be broadly commensurate with its share of the world’s low-skilled labor endowment. … In the Heckscher-Ohlin model, this would be true if value added per worker and export propensities, i.e., fraction of output that is exported, are the same across countries. It is this pleasant liberal vista of orderly global development, progressing towards a general distribution of low-skilled manufacturing against which they judge reality and conclude that the low-income countries are suffering a “China squeeze”. China is not exiting low-skill sectors fast enough Allowing for its gdp level and the degree of globalization, China’s share of low-skill manufacturing exports is far higher than it “should” be. Relative to population, its low-skill share of exports is far too high. That in turn yields the conclusion that huge numbers of jobs - the authors suggest tens of millions - are being hoarded by China. For the four sectors captured in figure 4, this excess in value-added exports is $110 billion in 2022. For all low-skilled sectors overall captured in appendix figure D.1, excess value-added exports amount to $365 billion. The crowding out of LMIC exports by China is therefore substantial. Both these claims have in common that they are strong structuralisms. The first is that development paths ought to resemble each other. The second is that broadly speaking as far as low-skilled manufacturing is concerned, all countries are alike. If the world currently diverges from the distribution of trade implied by these assumptions, if China is not following the advanced economy path and has huge exports, this must be the result of “policy”, which the authors then put in question as illegitimate or unfair. Thus the naturalistic construction of a canonical path leading to a “level” distribution of low-skilled manufacturing reveals itself to be a polemical tool. From the point of view of China shock polemics, this discourse is no doubt welcome. But as an account of economic history, it must surely be regarded as nothing short of bamboozling. Development paths do not follow a regular, natural sequence. As David Fishman put it aptly, “development is not a queue”. They are always and everywhere, through and through political. Development is not so much a process, as a project. Each such project is more or less well adjusted to its context. As Gerschenkron taught uneven and combined development implies differentiation rather than simple imitation on a single parth. It may be true that Europe and the US exited relatively early from low-skill work. But clearly technology has changed. As C&S themselves point out, China no longer enjoys a low wage environment. Do they really believe that such huge differences can be accounted for either by industrial policy, which as they admit does not operate powerfully in low-skill sectors, or by exchange rate manipulation? What is overwhelmingly dominant in explaining the persistence of “low-skill” manufacturing in China are surely the network effects of complex supply chains. Indeed the label of “low-skill” may miss the point. The degree of globalization which Chatterjee and Subramanian decide to conjure away in their model of the development path - to allow for the fact that Europe and American textiles exporters did not enjoy just-in-time logistics in the 1950s - obscures the point that the networks through which Chinese factories supply the world are themselves key parts of the low-skill industrialization project. China isn’t knocking out 1970s style “cheap”. It has redefined the entire product cycle. C&S’s casual reference to “T-shirts” is telling. In today’s “fast fashion”, there is weight on both terms. Fashion and fast. China’s success in delivering on both at unprecedentedly high speed and at unprecedentedly low cost, isn’t a low-skill operation at all. If we see development trajectories not as the serial repetition of the same, but as distinctive, crafted projects that cumulate in complex agglomerations of skill, technology and labor, then this explains why the assumption that low-skilled manufacturing should follow the distribution of population flies in the face of all experience. As countless cases attest, low-wage, low-income developed economies are not by themselves the makings of a competitive production base. As Leon Liao puts it quite fairly: “International trade has never been allocated according to population. A country’s population gives it no natural claim to an equivalent share of global exports." And the remarkable fact is that Subramanian alone and with co-authors has long been making this point, not to pillory China, as is the case of the tendentious _Foreign Affair_s and Peterson pieces, but to highlight the great counterpart to China’s industrial success, namely India’s relative failure. The much-quoted Foreign Affairs piece showed low-skill export shares only for China, not for India. If you put both countries in the picture as Chaterjee and Subramanian have done on other occasions, the picture looks like this. China is far above the line, but India, almost as large in terms of population, is no less anomalous, just in the opposite direction. As far as global populations are concerned, and the imagining of tens of millions of “squeezed” jobs, it is this Sino-Indian pair that account for a huge share of the action. What this graph reveals is not China’s cheating, but India’s “greatest development failure”, at least this is the argument made Arvind Subramanian, this time in co-authorship with Devesh Kapur, in their major book, A Sixth of Humanity. Independent India’s Development Odyssey which appeared with Oxford University Press earlier this year. In this highly critical work on India’s development, China is repeatedly evoked, not to criticize but as a benchmark against which to illuminate what India’s political economy has not delivered i.e. large-scale formal employment for hundreds of millions of citizens. Kapur and Subramanian leave no doubt, if you want to understand why China, not India was the main driver of manufacturing globalization from the 1980s, don’t look to slots opening up in the division of labour thanks to the liberal mindedness of advanced economies, look to the contrasting political economy of the Maoist PRC and India’s post-independence political economy. As Kapur and Subramian note: The great divergence between China and India did not begin in 1978 with the Deng reforms—it was well underway by then. In one of the great ironies of modern history, the conditions created by Maoism turned out to be a great launching pad for industrial globalization. As the comparison of India and China in 1980 makes clear, to imagine manufacturing would be equally distributed when populations are so differently endowed in terms of educational and nutritional is fanciful. Here is the data from Kapur and Subramanian, data which I explored back at the very beginning of Chartbook. As Kapur and Subramanian insist, the striking fact is that even as India’s growth accelerated from the 1980s, structural change has not. Formal employment in India lags woefully behind. Why? As Kapur and Subramanian note, the path-dependent impact of India’s poor early start was devastating. The list of factors they mention is long and weighty: We argue for a new five-fold explanation applicable at different stages of Indian history: in the initial stages, the legacy of two key pre-1980s policies, the neglect of agriculture and the strangling of the domestic private sector, were critical. The failure of broad-based agricultural growth militated against rural industrialization, which would have been devoted to satisfying local needs that would have necessarily been labour intensive. Then, when the boom came after 1980, the thicket of regulation and broader labour protections that were legislated prematurely in a nascent democracy, underpinned by a deep ideological aversion to private capital in general and big capital specifically, became a barrier to attaining the size that would be necessary to compete globally. Similarly, the reforms after 1991, while wide-ranging, did not quite encompass non-tradeable inputs critical to manufacturing, namely, land, logistics infrastructure and power. A combination of low investment (logistics infrastructure), regulation (land) and the continued monopoly supply by state governments (power), combined with residual socialism, kept costs at 75–100 per cent above efficient supply. These factors were compounded on the supply side by the government, which dominated the formal labour market and established exorbitantly high wages at the lower end of the skill spectrum. This made their employment in the labour-intensive sector by the private sector less attractive. Finally, when the services sector and its exports boomed, wages soared even further via a Dutch Disease effect: one successful tradeable sector killed and cannibalized another less-skilled tradable sector, namely, manufacturing. Thus, scarcity-inducing policies of the planning era, precocious democracy and a Gandhian aversion to size; inefficient, monopolistic supply of critical non-tradable inputs; the behemoth of government; and super-successful skill-intensive services successively undermined India’s unskilled labour employment opportunities. The employment failure seems to have been over-determined. … Less quantifiable but no less important are some of the sociological factors that have undermined manufacturing and factory jobs. Take the impact of the success of the IT sector—located in urban areas with better working conditions, such as air-conditioned offices, good schools for children and attractive entertainment options. It became a more attractive place for engineering and management graduates to flock to. … Consider manufacturing and female employment. Indian society makes it difficult for women to work, reflected in India’s unusually low female labour force participation (elaborated in Chapter XIII). Indian society, in particular the routine harassment of women in public spaces, makes it even more difficult for them to travel long distances to take up work.37 Combined with onerous regulations on creating hostels and dormitories for women—which, in turn, prevents multiple shifts of operation—factories need to be located in areas with a large female labour pool. While firms can take apparel plants to female labour or bring them to the plants by building large-scale dormitories, this raises costs. If there was a case for subsidies to encourage labour-intensive manufacturing, housing subsidies to build dormitories for women workers would be a good place to start. All of this meant, that when opportunities did open up, in part thanks to adjustments in China, India was in no position to take advantage. Here is the account of the 2020s from Kapur and Subramanian. It stands in dizzying contrast to the one-sided, “China squeeze” argument delivered in the Peterson and Foreign Affairs pieces: In 2022, for example, India’s share of global exports in clothing (the canonical labour-intensive sector) was 3.1 per cent compared to 32 per cent for China. This is extremely disappointing because China started vacating export space in this sector after the Global Financial Crisis as its wages started rising; it then vacated further space in the aftermath of geopolitical developments that led investors to seek alternative investment locations. Between its peak and today, China lost about 7.5 percentage points of global export share (worth about $43 billion in 2022); over this period, India’s export share remained stagnant at 3 per cent, while that of Vietnam and Bangladesh rose by 3.5 to 4 percentage points. China’s loss did not translate into any gain for India in terms of low-skill exports and employment. Put differently, when the conditions for dynamism and prosperity were established after 1991, and even more tantalizingly when the global export opportunities opened up, it was as if India was a high-wage economy and only skilled labour could benefit from the dynamism. It had converted its physically abundant unskilled workforce into an economically expensive resource, penalizing its use. It is not my mission here to argue for or against Kapur and Subramanian’s interpretation of India’s development trajectory. The point in this context is simply that the “China squeeze” such as it is can only be understood, in relation to the heavy burden of domestic constraints that Kapur and Subramanian so unsparingly enumerate. I am concentrating here on India because it is the great counterpart to China and the unspoken reference point of the “China squeeze” discourse. But the point is more general. Can anyone with a straight face suggest that the main problems afflicting the development of South Africa or Nigeria, the great centers of mass underemployment in sub-saharan Africa, are cheap competition from China driven by Beijing’s industrial policy and an undervalued RMB? Likewise, is the main problem of the American working-class the threat of Chinese competition or the manifest crisis of social reproduction in the United States itself? The point here, as in the discourse around China shock 2.0 in Europe, is to insist that we should not normalize the world and pathologize China, without actually investigating what is going on in America’s industrial wastelands, the German car industry, or India’s lopsided labour market. One-sided pathologization should be understood for what it is, a polemical gesture. Concepts like China shock and China squeeze are, what Reinhart Koselleck, following Carl Schmitt, would have described as “asymmetrische Kampfbegriffe”, or “asymmetrical counter-concepts” or “asymmetrical combat concepts”. If the function of arguments like the “China squeeze” is to alert elites in the rest of the world of the need to rejuvenate and energize their development projects, so be it. But let us see the resulting discourses as the mobilizing interventions that they are. Interestingly, a significant slice of China’s public sphere - the so-called industrial party - have been obsessed for the last twenty years with precisely these questions of counterfactual economic history. Since the mid 2000s, a massive online discourse developed around an alternative history in which Chinese techno-patriots were asked to imagine how they would proceed if they had the possibility of traveling back in time to transport modern technology into the Ming dynasty (1368-1644) thus averting the “great divergence” of the 18th and 19th centuries. It is a fantasy of course, but also a goad. The point was not directed at Westerners. The alternate history is dramatically nationalist, but few n the West had even heard of it until recently. The adherents of the industrial party are not liberal moralists. They don’t project natural ladders of international development and ask why others don’t cede space. They take the Realpolitik of global economic development for granted. Their pointe was directed against fellow Chinese. The rallying cry of the alternative narrative was this: Now that we are beginning to gain steam and push forward on our national development path, now that we are breaking out of the inferior position assigned to us even in the early years following WTO accession, do not lose yourself in humanistic imaginings about better futures. In the spirit of Deng, they called on China to embrace the hard truth of development. Perhaps one might of the Industrial Party as a cultural trend born out of desire for symbolic revenge against those who had inflicted the century of humiliation. In terms of the various temporalities of the “China shock” - retrospective, prospective and counterfactual - one might think of the Industrial Policy discourse as truly speculative, conjuring up the China shock that never was. Or perhaps one might better think of it as imagining a world in which a powerful China was no shock at all, but simply a defining fact of modern history. I love putting out Chartbook. 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MrBeast Sales Slow, Angel Stock Falls, MUBI and Neon Look for Hits, and Will an NBA Franchise Set a Sales Record?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) You probably remember egg prices spiking a few years ago. This led to a lot of debate between the pro-market/pro-competition/antitrust/Neo-Brandesian crowd and the center/center-right/center-left/abundance/libertarian crowd over the cause, whether it was the avian flu outbreak or whether industry consolidation led to price fixing, using avian flu as a convenient cover. Basel Musharbash wrote a whole investigation at BIG looking at it. Well, two years later, we have our answer: it was price fixing. The Justice Department found proof, via emails, of price fixing. Indeed, just the threat of an investigation brought prices down two years ago: I bring this up because at least half a dozen of my favorite political writers and pundits, who were skeptical about price fixing at the time, haven’t written any mea culpas on this issue. It’s really dispiriting and makes it much, much harder to trust their work on other issues. If you take a hard stand on an issue, then you get it wrong, you need to explain how and why you got it wrong. Or update your priors. This is how epistemological bubbles are formed! All of which is to say, it’s time for another installment of “What I Got Right, What I Got Wrong”. Last issue, I mostly focused on the “wrong” side of the equation, so today’s is a bit more balanced, but with one big mea culpa (though I still stand by my original concerns). Let’s dive right in! Subscribe CORRECTION: UFC Didn’t Release Subscriber Data (But Seems to Have Bragged About It Internally) In my analysis of the viewership of UFC Freedom 250, I wrote... “Paramount has also released datecdotes bragging about their subscriber numbers. Earlier this year, they claimed that the first UFC fight on Paramount+ brought in 1 million subscribers.” Well, that datecdote did not come from a PR rep, but from great reporting from James Faris at Business Insider. The actual quote was this: “Paramount’s flagship streaming service generated about a million new subscribers on the day of its first-ever UFC event, Paramount product chief Dane Glasgow told employees in a town hall on Tuesday morning, three staffers who attended the meeting told Business Insider.“ This wasn’t the biggest goof in the world; even Faris emphasized to me that this is more a “clarification” than a correction. Still, it sounds like, internally, the folks at Paramount were very happy about this result—and I’m guessing they were happy with this news getting out—even though the gains didn’t last through the quarter, dropping to 700K adds. RIGHT: MrBeast’s Struggles Continue... I’m very skeptical about MrBeast’s burgeoning media “empire” and, in particular, its $5 billion valuation, as I wrote earlier this year and last year. Sure enough, according to Business Insider, regarding its “booming” consumer products division_:_ “US sales volume grew 13% year-over-year in 2025, following a 33% leap the previous year, according to a presentation deck dated May 2026....A February 2025 investor deck viewed by Business Insider showed Feastables’ net revenue more than doubled in 2024 from 2023, to $215 million, and was forecast to grow 74% in 2025, to $375 million.” [Emphasis mine.] If you told investors that you projected 74% growth but delivered 13%,1 that’s not ideal. But it’s not just MrBeast. Logan Paul and KSI’s Prime had sales drop in half for their energy drinks. It’s one thing to build a successful entertainment company and an entirely different thing to succeed in the heavily-consolidated-but-also-very-competitive consumer packaged goods space! CPGs are dominated by a few firms with very wide moats compared to YouTube, which has few barriers to entry. These businesses require different skill sets and have completely different business environments. WRONG: Does the NBA Have an $8 Billion Bidder? Almost as soon as I published my article about the NBA’s finances, casting skepticism on NBA expansion, I saw this Front Office Sports headline: One group “claims to have already raised $8 billion” for the Vegas expansion team. I mean, wow. That’s just $2 billion less than what the Los Angeles Lakers were valued at when they were sold just last year. And they’re arguably the most popular team in the NBA. (Side note: the new owner is now under an investigation for fraud in how he went about financing the Lakers and the Dodgers purchases.) So much for the “dried up” language I used in that article. (This is why I usually stick to my “Entertainment Nuance Guy” tone in articles...) I went off old information—from April, when I read/heard about the NBA downplaying expansion efforts—instead of doing a quick double-check for new news. That said...if you read the article, the market for Seattle is “slow”, with just one reported bidder. So I wasn’t entirely off. This goof has annoyed me since I first published it, mainly because it undercut that article’s real point, which I stand by: NBA franchises are really overvalued right now. Now, I get why NBA teams are overvalued. When it comes to owning sports teams, it’s basically never wrong to assume that some rich person somewhere will care more about owning a team (or just being part of a group since they’re so expensive) than the actual financials. There are only so many teams to own, and opportunities to buy in preferred markets don’t come along very often. This explains why the teams sell for such high multiples (usually above a 10 to 12.5 revenue multiple, which is very high). You only need one person to overpay! Beyond the ultra-wealthy luxury good explanation, I worry NBA teams are becoming speculative assets. More and more private equity investors are buying into NBA teams. But the value, in owning a team, comes from selling it later, not any meaningful relationship to revenue or profit growth. In other words, the newer NBA owners are increasingly expecting someone later to buy their inflated asset. That’s not sound economics; that’s the “greater fool” theory at work.2 At some point, actually making money has to matter. Especially since revenue growth is now below the growth of the stock market. (And this matters because the NBA doesn’t have easy levers to pull to drastically lower their costs—half of their revenue has to go to players and then you actually have to run a team, including coaching, training, travel, media expenses, and more—or raise revenues aside from one-off expansions in America and overseas.) I just don’t see how investors make their money back buying NBA teams, except for selling at a higher price later on down the line. But if revenue/profit growth continues to slow, at some point, someone will be left holding the bag. RIGHT: Baseball and Basketball are about equally popular. Related to the above, I wanted to cite two quick pieces of evidence for one of my other theories: that the NBA and MLB are about as popular as each other, but the NBA gets much, much better media coverage. One YouGov survey has that fans prefer basketball to baseball by 52% to 48%, which I’m guessing is within the margin of error for that poll. That’s virtually even, meaning they’re about the same popularity. Over on NBC, a recent Red Sox-Yankees game averaged 4 million viewers, higher than Sunday Night Basketball’s average of 3.4 million on the same network. A Yankees-Dodgers game averaged 3.9 million two weeks ago. Not every game averages this much, but it shows you that baseball isn’t far off from basketball, depending on the matchup. Altogether, the NBA is just slightly more popular than baseball, but NBC is paying MLB a fraction of what they pay the NBA, a point I’ve made before. RIGHT: Angel, MUBI and Neon Updates... I’ve long been skeptical about many of Hollywood’s buzziest startups/smaller indie studios. It’s not that they don’t make great movies—films like Anora and Everything Everywhere All at Once are amazing—or that they’re not (rightfully) pushing the majors to make better films, but...they get a ton of hype, and that hype often doesn’t live up to the reality or difficulty in scaling up. Starting with MUBI, well, The Wall Street Journal wrote a feature on MUBI’s struggles last April, best summarized by the subheader “After Sequoia valued Mubi at $1 billion, a left-wing revolt sent the indie film company into a tailspin”. MUBI lost $7.3 million on $200 million in revenue in Q4 2025, but reportedly hit a record 1.7 million subscribers at the end of Q1. As for Neon, Department M purchased a “significant stake” in the company earlier this year. How much is that “stake” worth? According to Deadline, “No financial figures for the Neon-Department M deal were disclosed.” So...that’s not great! If it was a big valuation, we’d hear about. Also, I found this curious: “Both Neon and Department M already have separate partnerships with Qatar. The Qatar Film Committee has a slate deal in place with the former, and a biopic production pact with the latter.” Color me skeptical about much Middle Eastern investment dollars. See: LIV Golf. Finally, as for Angel (formerly Angel Studios), their stock very, very slightly popped last month after Young Washington ($20 million budget) which made $45 million in the US, but their stock is still way down from its opening. Smaller Updates RIGHT: The WGA should focus on antitrust concerns! I’ve been on this for years. Post-WGA/AMTPT deal in 2023, I wrote an article for the Ankler calling on the WGA to focus and organize against industry consolidation. Sure enough, the WGA filed a lawsuit against the Paramount-WBD merger, and people are organizing around this issue now. I wish this energy had coalesced earlier (specifically to lobby Washington much earlier), but better late than never! WRONG: Actually, the chip shortage might be due to market manipulation. In my last “Long Reads for the Long Summer” article, I shared an article about how LLMs are causing memory chip prices to spike, which will make all electronics more expensive. Well, turns out, three RAM manufacturers control 90% of the market, and now a private lawsuit accuses them of price-fixing. So yeah. WRONG/UPDATE: The Odyssey will hold! Two weeks ago, I wrote, “As of this moment, we haven’t had a super-blockbuster, though The Odyssey, Spider-Man: Brand New Day and Avengers: Doomsday could all cross the $500 million mark. (At this point, The Odyssey would need a very strong hold to get there.)” Well, it’s safe to say it’s going to have that hold! It only dropped 30% in weekend two and IMAX screenings are sold out all month. Spider-Man: Brand New Day is also off to a great start. RIGHT: People are rushing to get shows out yearly. I’ve long been bullish on yearly, weekly-released shows, and Leslie Goldberg at The Ankler wrote about how many people in town are now listening. WRONG: Mark Carney reverses Canada’s stance on homegrown production. After writing about Canada installing domestic production quotas, Canada has backed off. WRONG: I don’t trust Spider-Man: Brand New Day’s online “views”. When I originally wrote about the latest Spider-Man film’s record-breaking trailer, I thought this was just YouTube views, but after watching this Corridor Crew video and doing more research, well, it’s all social views of the trailer globally. Really? That stat includes TikTok, Reels and YouTube Shorts views. Basically, I don’t trust it anymore. (This film will probably set record, but I trust the pre-sales data more.) RIGHT: Celebrity Production companies are still struggling. I’ve written about this for years, but the company that I didn’t track was Kevin Hart’s HartBeat, which was valued at $650 million but is struggling now and might just end soon, especially after Kevin Hart pulled his endorsement deals. And Bad Robot is moving to NYC. CORRECTION: SpongeBob is a “second run” title. In my 2025 recap article, I had _SpongeBob SquarePants_labelled as a “library” title, when it is still a “second run” show, with new episodes still coming out on Nickelodeon. CORRECTION: In my last “What I Got Right, What I Got Wrong” update, I offered a correction from Doug Creutz and misspelled TD Cowen. Thanks, Grammarly! 1 Though he could have increased prices to make up for the gap, he couldn’t have increased them that much. 2 There’s a theory, which I think that Daryl Morey created and Bill Simmons popularized, that, to be successful building your team, you only need a handful of bad GMs in the league to take advantage of. To be clear, Daryl Morey’s theory was also for signing bad contracts, that you could always get out of bad contracts. Basically, there’s always someone who will make a bad trade. It’s not the same exact thing, but similar enough to the Greater Fool Theory that I really like it.
Harger: My primary ballot is sitting on my microwave. If a politics nerd is cramming, the August primary isn't working
We moved primaries from September to August in 2008 to give election officials more time to process mail-in ballots. That made logistical sense. For actually getting people to vote, it's a flop.
The Clip-Style Wireless Earbuds Field Is Getting Awfully Crowded
The CMF Clip Pro are open-ear wireless earbuds with a charging case that looks like... not a charging case.
‘You just gotta feast!’: First-time vendors shine at Musikfest 2026
Live music brings in big crowds to Musikfest each and every year. But another big draw is the food.
BREAKING: Caryl Atwood Exits Sony Music Entertainment
Caryl Atwood has exited her role as Senior Vice President of Commercial Partnerships at [...]
Kevin Monahan Inks With Eclipse Music Publishing & Ebach Entertainment
Kevin Monahan has signed with Eclipse Music Publishing in partnership with Ebach Entertainment [...]
Horse racing's Triple Crown may be dead
A new deal struck by Churchill Downs and New York Racing Association will feature a six-race series beginning next year — and The Preakness isn't part of it.
Shantaia Signs With Walk Off Entertainment
Shantaia has signed with Walk Off Entertainment for management. Originally from Spiritwood [...]
AP Decision Notes: What to expect in the Kansas state primary
Kansas Republicans will narrow down a crowded field for governor in a state primary Tuesday as they look to retake the state’s top office after eight years of Democratic rule.
Samsung has a new AI-powered health assistant, joining a packed market
This marks Samsung's foray into an increasingly crowded space. Whoop has an AI coach built into its platform, as does the new Fitbit Air from Google.
Orlando Sentinel 150: Central Florida’s major role in state, national politics
Central Florida was a battleground region for the White House for decades, with presidents and candidates routinely swinging through and drawing crowds every four years.
Helping others: Nolan’s ‘The Odyssey’ and its golden rule [Unscripted column]
Walking out of Penn Cinema a few Sundays ago, in the crowd of people filing out of the dark theatre and shoving their popcorn buckets in the overflowing trash cans,
Taste of Orland Park delivers big flavors and big entertainment
The Taste of Orland Park opened Friday with food, music and crowds, with another full weekend of entertainment still ahead.
MusicRow Weekly (Borchetta Entertainment Group, News, Charts, More...)
This week's edition of The MusicRow Weekly is packed with notable executive appointments [...]
Trump touted his tariffs in Michigan despite rising costs. Even some of his supporters are worried
During President Donald Trump's rally in Milford, the crowd was adoring. But even some of his ardent supporters said prices are too high and tariffs had caused short-term economic pain.
North Star Health Alliance public hearing draws crowd in Ogdensburg
Residents, nurses, and elected officials gathered Wednesday night for a second public hearing on North Star Health Alliance's planned cuts.
Berlin and the Contradictions of Identity Politics
On July 25, twenty-one-year-old Abdul Ballout drove a van into a crowd at Berlin’s Pride festival before stabbing attendees with a machete. One woman was killed and twenty-nine people...
Trailer for Michael B. Jordan’s ‘The Thomas Crown Affair’ teases slick heists and steamy Adria Arjona romance
Check out the first teaser for Michael B. Jordan’s upcoming reimagining of the iconic art thief previously made infamous by Steve McQueen and Pierce Brosnan.
'The Thomas Crown Affair': Everything to know about the Michael B. Jordan film, in theaters March 5, 2027
Sophie Cunningham rally rocks WNBA game as 'save women's sports' activists face counterprotest
Footage shows crowds holding signs outside the Seattle Storm game as Sophie Cunningham fans rallied in support of her women's sports stance.
New microwave frying method could make french fries much healthier
A new cooking method could make French fries crispier in less time while significantly limiting how much oil they absorb. Researchers propose combining microwave heating, which keeps oil out, with conventional frying, which provides the crunch consumers expect.
Turkish politician hit by rent-a-crowd scandal
Kemal Kılıçdaroğlu, court-appointed head of Turkey’s oldest party, denounced corruption during party event
A Two-Person Startup Has Fixed One of the Most Hated Sounds in Modern Life
A couple of enterprising sound designers have taken on the challenge of producing more pleasant beeps for the humble microwave.
Steelers training camp brings big crowds, economic boost to Latrobe-area businesses
BREAKING: Borchetta Entertainment Group Taps Kevin Spellman & Henley Halem As Co-Vice Presidents
Borchetta Entertainment Group, the full-service management division launched by Scott Borchetta [...]
The State of Politics: What Explains Evers Endorsement of David Crowley for Governor?
He had expressly avoided endorsing anyone for governor, including 3 Democrats who worked for him.
MLS eyes $400 million TV deal amid crowded soccer landscape
Major League Soccer is hoping to capitalize on growing interest in soccer in the United States while nearly tripling the value of its next media rights deal. According to ESPN’s Ben Strauss, MLS is targeting annual rights fees between $400 million and $500 million when its exclusive agreement with Apple expires after the 2029 season.…
Kansas City dessert shop with family mission draws big crowds at new location
The family business has partnered with a famous KC barbecue joint to serve a treat not often seen in the area.
Pirates trounced by Cubs in front of sellout Crowd
Neither team scored through the first three innings.
Mourinho Makes Vini Jr. Decision Amid Arsenal Transfer Interest
Mikel Arteta identified the Brazilian as a key target as Arsenal prepares to defend its Premier League crown.
Citizen Science Reveals A Hidden Map Of Sharks And Rays In Mozambique
Citizen science data from iNaturalist reveal 44 species of sharks and rays in Mozambique, covering about a third of known national diversity. Most records are from southern regions and many species are threatened, highlighting both the power and the bias of crowd-sourced biodiversity data.
Archers dominate Outlaws in Western Conference clash
First blood has been drawn in the push for the Western Conference regular-season crown. Through the whipping winds and driving rain, the Utah Archers dominated their conference rivals, the Denver...
Training Camp Could Decide Joshua Palmer's Future with the Bills
With a crowded receiving corps and Super Bowl aspirations, veteran Joshua Palmer must build instant chemistry with Josh Allen to secure a prominent role in Buffalo’s evolving offense.
A sold-out crowd celebrates the 2026 Fast 50 honorees
FTB Services, the franchisee of Fuzzy's Tacos and Dave's Hot Chicken, topped the 2025 Fast 50 list with 466% revenue growth over three years.
How Hannibal Venues Compete With At-Home Digital Entertainment
On a warm Friday evening in downtown Hannibal, the marquee lights along Main Street flicker on and crowds begin to gather near live music venues, restaurants, and taprooms. It is a familiar scene during the summer stretch that runs through National Tom Sawyer Days, when the riverfront hums with visitors and locals alike. But the...
DELTONA Inks With Sony Music Publishing Nashville & The Core Entertainment
Country-rock trio DELTONA have signed a publishing deal with Sony Music Publishing Nashville [...]
Trump Bolstered Saudi Business Connections Amid Nuclear Discussions
While Trump's administration held nuclear-energy talks with Saudi Arabia, his private business moved ahead with a real-estate project tied to the crown prince.
Ben Rice reemerges in Hitter Power Rankings after June slump
Yankees rookie Ben Rice bounces back in July to reenter the Hitter Power Rankings, trailing Yordan Alvarez in Triple Crown chase.
Outside Lands organizer gets green light for more S.F. concerts
San Francisco is doubling down on live music in Golden Gate Park, extending permits that will bring more concerts — and more crowds — to the city’s west side.
Lakelin Lemmings Signs With The Kinkead Entertainment Agency
QHMG/Quartz Hill Records artist Lakelin Lemmings has inked with The Kinkead Entertainment [...]
‘We need someone who’s going to be pragmatic’: David Crowley on challenging a democratic socialist in the WI Gov. race
Congressman Crow reveals new info about Aurora ICE detainee conditions; medical advocate sounds alarm on heat & illness
Seattle Seahawks Work Out Former Packers, Ole Miss Receiver
The Seattle Seahawks are exploring another option for an already crowded wide receiver competition.Seattle hosted Malik Heath and three defensive backs for tryouts, according to the NFL transaction wire.Heath, 26, brings more regular-season experience than most players searching for an opportunity this close to training camp.The 6-foot-2, 213-pound receiver spent his first three NFL seasons […] The post Seattle Seahawks Work Out Former Packers, Ole Miss Receiver appeared first on HEAVY.
Democratic Rep. Crow: ‘Americans are done with endless conflict in the Middle East’
Erin Brockovich's crusade against data centers is going crowd-sourced
The environmental activist said there is a lack of transparency in the country's data center construction.
Ryan Kennedy Inks With Fair Trade Services & One:eight Entertainment
Songwriter, worship leader and musician Ryan Kennedy has signed a record deal with Fair Trade [...]
Riser House Entertainment Adds Paul Grosser As Director Of Regional Promotion
Riser House Entertainment has added Paul Grosser as Director of Regional Promotion. A graduate [...]
Watch: Keir Starmer's last speech as prime minister in full
Starmer spoke in front of an applauding crowd on Downing Street.
Trump continues overhaul of White House grounds with new Rose Garden statues
A bronze Thomas Jefferson was installed as the fifth new statue last week. Three were provided by Harlan Crow, a conservative collector and political donor.
Pirate Problems: Buccaneers 1st Divisional Matchup is a big One
After surrendering the NFC South crown to Carolina, Todd Bowles and the Buccaneers head to Charlotte seeking revenge and job security against a revamped, high-spending Panthers defense.
Modern Life May Be Pushing Human Minds Beyond Their Limits, Reflecting an Evolutionary Mismatch
This evolutionary mismatch is leading to significant problems.
Politics Unplugged (Full Episode) July 19, 2026
On this episode of Politics Unplugged, political editor Dennis Welch sits down with Joana Mendoza — a former Marine Corps drill instructor and Democratic candidate — who is challenging incumbent Republican Juan Ciscomani in Arizona's Congressional District 6, discussing affordability, immigration, and ICE reform. Then, with Arizona's primary election just days away, Welch brings in Republican consultant Chip Scutari and Democrat Stacy Pearson to break down the most competitive races, including the GOP governor's primary between Andy Biggs and David Schweikert, the attorney general's race, and a crowded CD1 field. The panel also weighs in on what the early ballot returns and independent voter enthusiasm could signal heading into the general election this fall.
Crowley reenters Wisconsin’s Democratic governor primary
David Crowley has reentered Wisconsin's Democratic primary for governor, two weeks after suspending his campaign, after receiving the endorsement of Gov. Tony Evers.
Sharks, sutures & science
From learning how to do surgical sutures on a silicone mat to exploring the anatomy of sharks, frogs and other animals, students are diving into hands-on wildlife science this summer during the Clinic for the Rehabilitation of Wildlife's Conservation Summer Camp. With various camps designed for students in kindergarten through 12th grade, CROW's annual camp combines wildlife conservation, veterinary medicine and outdoor discovery through
In Maine, Bellows Ends Senate Bid as Jackson Builds Momentum
The Maine secretary of state ended her run in a crowded race to replace Graham Platner as the Democratic Senate nominee.
Competing for the crown: Rivers Casino wants to be the ‘entertainment capital of Hampton Roads’
More than just gambling, Rivers Casino in Portsmouth has restaurants and live touring acts, and aims to be the No. 1 option for entertainment in Hampton Roads.
David Crowley reenters battleground Wisconsin’s Democratic governor primary with Gov. Evers’ backing
Gov. Tony Evers initially declined to endorse in the race but threw his weight behind Crowley and resuscitated his bid to lead the swing state known for razor-thin election margins.
David Crowley reenters battleground Wisconsin’s Democratic governor primary with Gov. Evers’ backing
David Crowley has reentered Wisconsin's Democratic primary for governor, two weeks after suspending his campaign | 1010 WINS
David Crowley reenters battleground Wisconsin’s Democratic governor primary with Gov. Evers’ backing
David Crowley has reentered Wisconsin’s Democratic primary for governor, two weeks after suspending his campaign
Healey’s housing chief tells business leaders to push on new policies
Juana Matias urged the crowd at the Greater Boston Chamber of Commerce to advocate for more pro-housing policies.
NFL Legend Reveals What Kyler Murray Would Finally Give Vikings
Minnesota Vikings legend Cris Carter is buying stock in quarterback Kyler Murray for one specific reason. He spoke highly of the quarterback in a recent television appearance earlier this week.Murray was one of the crown jewel moves of the offseason for the Vikings. At the very least, he will bring experience to the quarterback position. […] The post NFL Legend Reveals What Kyler Murray Would Finally Give Vikings appeared first on HEAVY.
Boston businesses hope energy from World Cup crowds can have lasting impact on nightlife
Boston's summer of major international events is nearing its finale, but businesses and residents hope the momentum will continue long after the final whistle of the World Cup.
Smoky skies didn’t stop Festa Italiana as crowds filled Freedom Hill County Park in Sterling Heights
Festa Italiana continued at Freedom Hill County Park in Sterling Heights despite hazardous air quality across southeast Michigan caused by smoke from Canadian wildfires.
How Birkdale crowd helped carry Fleetwood into contention
Home favourite Tommy Fleetwood praises the support of the fans at Royal Birkdale as Scotland's Robert MacIntyre quietly fires himself into contention in round two of the 154th Open Championship.
World Cup crowds brought record-breaking business to Seattle’s Pioneer Square. Will momentum last?
The organization says the focus now is on turning one-time visitors into repeat customers.
Cleveland Cavaliers, Black CoLabs, NAACP Cleveland and Aramark Sports + Entertainment Crown Six Black Owned Businesses Winners at A Taste of Black Cleveland 8.0
Cleveland Cavaliers, Black CoLabs, NAACP Cleveland and Aramark Sports + Entertainment named Freshlyfe, House of Creole, Kake Kutters, Mama Joyce’s Soul Food,...
Bellingham celebrates Pride with parade, entertainment
Crowds gathered for the fifth pride resurgence event in Bellingham A parade and festival on Sunday capped a weekend of celebrating Pride in Bellingham. The parade hit the ground running at 11 a.m.…
Eight Patriots facing the most pressure ahead of training camp
Last year, expectations for the Patriots were bare-bones. But heavy lies the crown for the reigning AFC champs.
Summer heat slowing business at Indian Creek Plaza, business owners say
On a hot summer day at Indian Creek Plaza, business owners say the heat can make it harder to draw daytime crowds.
Man accused of breaking into Cynthiana business and stealing from cash register
A man was arrested after police say he broke into Gasser Landscaping by prying the door open with a crowbar.
Every Team Has an Edge: EA SPORTS™ NHL® 27 Overhauls All 32 Arena Atmospheres and Presentation for Total Immersion
Powered by Real-World NHL EDGE™ Data and Unique Team Playbooks, NHL® 27 Releases September 11 with Generational Talent Macklin Celebrini Gracing the Cover Watch the Reveal Trailer HERE Electronic Arts Inc. (NASDAQ: EA) today unveiled EA SPORTS™ NHL 27 , launching September 11, 2026 on PlayStation®5 and Xbox Series X|S. EA SPORTS™ NHL® 27 brings all 32 NHL arenas to life with authentic atmospheres: presentation that reflects each team’s identity, a new commentary team, a new dynamic crowd system, and a new modernized broadcast package. Alongside new social and competitive mode Connected Franchise, this year marks one of the most significant upgrades in franchise history. Generational talent and San Jose Sharks forward Macklin Celebrini headlines the Standard and Deluxe Edition covers, ushering in a new era of the EA SPORTS™ NHL franchise. NHL 27 Deluxe Edition Cover “Seeing the Shark Tank brought to life like that is honestly unreal,” said Macklin Celebrini, NHL 27 cover athlete. “The
China’s rare earth weakness, new rocket to rival SpaceX: 7 science highlights
From China unveiling microwave weapons to top neurobiologist leaving US, here are some highlights from SCMP’s recent science reporting.
Neutrino Day draws crowds to Lead for free science festival
The Sanford Underground Research Facility and partner organizations hosted the 18th annual Neutrino Day in Lead on Saturday, offering free, hands-on science activities and talks to people of all ages.
How Chicken Bog became a beloved Horry County staple
While crowds of 30,000-40,000 people flock to Loris for its annual “Chicken Bog-Off” festival every third weekend of October to enjoy the savory rice, chicken and sausage-based one-pot dish, few may know when or how the cuisine was created and why it has sustained such popularity throughout Horry County.