Wednesday, April 30, 2014

Sterling, Incognito and the Management of Black Emotional Constipation

Someone gets in a jam. It is a jam of their making, but a tough jam that may involve losing money. That someone is part of a media approved group. That someone has interactions with a well known ne'er do well from an group that is commonly portrayed as the bad guy in the media's racial narrative of America. Selective snippets of communication are released that could be construed as racist. Some lines are what polite society would say mean talk or talking like a jerk. The media paints the ne'er do well as a racist jerk, the outrage cycle starts and suddenly the designated aggressor is hit financially and becomes a social pariah. He spends a week as the news cycle's enemy number one. Useful enough to distract everyone from our continuing economic and social decline. That is a quick summation of Donald Sterling's current Tom Wolfe novel that Steve Sailer has been all over with great insight. Mixed race cutie is open minded, unlike the evil, octogenarian billionaire Jewish racist. It's a soap opera since there is no crime so it cannot be a Law and Order.

It's also the same thing Richie Incognito went through last fall.This is how predictable and automatic the media fueled politically correct, race, gender or homosexual game is today. These victims are guided by a lawyer (Stiviano) or an agent (Martin) into covering for a problem by creating a circus that fits the media's narrative, making them a victim. Martin had checked into a mental clinic and was being pushed around by his teammates and coaches. Stiviano was the defendant in a lawsuit by Sterling's wife about her receiving gifts from the Sterling community pot. That pot has to be nice since the Sterlings have quite the marriage arrangement (old school loveless pre-no fault divorce tolerance of one another). Sterling and Richie Incognito both had reputations as jerks. They both fell prey to selective revelations. Sterling comes across as a jerk, but just how bad were his statements? There is an irony to Sterling having a half-black mistress, being okay if they both are in pictures with blacks, but his territorial behavior is the evil, horrible racist statement of the week. It's Selma all over again. Once all texts were released, Incognito's statements turned out to be back and forth with a teammate he cared about dearly. Context matters, but not in the rush of the modern news cycle. Even Kareem Abdul-Jabbar's eloquent essay on the witch hunt mentions the bubbling up of racism still, as if it will ever be stopped. Kareem does not pause to wonder behind the scenes on the situation or even if Sterling was saying anything worse than the jocks running up and down the court calling each other "faggot". If we can mic up players for NBA games, can we mic them up and attach an electrode to shock them when they violate PC speech? Players and progressives should be careful what they wish for and where it may lead.

This is the game. As long as our media is sovereign and is not held accountable for their bungling of stories or blatant skewing of situations like the Incognito or even the Zimmerman-Trayvon incident, we will not see change. The progressives will no change them, so it might take some real moneyed interests to feel the wrath of witch hunts to get things to change. Not to take their side, but maybe these generated outrages and witch hunts serve a purpose for the progressive elite besides hurting enemies or economic gain. A black youth shoots and kills another black youth over a new pair of Nikes around Christmas and blacks will type in comment sections "SMH" (shaking my head). Every half hour a person is murdered in America, and with half of all homicide victims and perpetrators being black, that means one an hour dies to elicit a "SMH". Rape a four year old? SMH. Break in and rob an elderly couple and rape an elderly lady? SMH. Donald Sterling says some questionable things, Paula Deen is accused of using racial slurs decades earlier, or some random teens in Jena, LA get into a sticky situation, and the black community unleashes their vitriol.
 
What if because blacks are the perfect Democrats (+90% D voters, higher utilization rates for government services, help control cities, would vote for a sex offender with 80% support), but they are caught in a trap? There can be little to no real talk, as witnessed by the reaction to Cosby's poundcake speech or the Mayor Nutting of Philadelphia's jabs at the flash mobsters. Blacks are victims of crime at high rates in the highest crime neighborhoods in America (other blacks are the perps), but to draw attention to it becomes a problem since it plays into law and order conservative talk. The breakdown of the black family can be delicately discussed and framed in specific ways by approved liberals, but to probe why blacks have an illegitimacy rate of 72% in an era of free birth control and abortion on demand is impolite. What if blacks are so emotionally and spiritually constipated with their current state that these ridiculous witch hunts overreactions are a way to keep them sane, channeling their anger and frustration to useless outlets? Best they spew hate and anger out at figureheads over silly and ever changing interpretations of witch racist rather than have them look around and see the utter ruin in which they live. The mandarins at the helm of our progressive institutions would not want that awakening. The media will cue up another witch hunt when the food stamp rate passes 65%.

Monday, April 21, 2014

Bubble Tops - Buying an NBA Team

It is easy to take shots at Bill Simmons and Grantland. With Simmons specifically, it is what he is capable of writing versus what he often writes. He is also a well paid employee of ESPN/ABC, which also indirectly owns the NBA through its television deal. His column last week on buying NBA teams to be part of the world's most exclusive club was idiotic to anyone with any knowledge of money and the ownership selection process. His framing of the story is because he is a paid promoter of the NBA product and his audience is not entirely basketball fans, so he's reaching out for new viewers. Even digging into the idea, crappy NBA teams going for record deals is a sign of a money bubble near a top.

Simmons is an NBA fan with a masterful book on the NBA on his resume. He even pimped the game when it was at a nadir, and no one on ESPN was enthusiastic about the game. Simmons' own readers mock his slavish devotion to the NBA. Fortunately, ABC/ESPN bought into the NBA with a television deal, and his pimping of the game has been useful. He spent this entire February not talking or writing about the Super Bowl, the Seahawks, Pete Carroll's vindication, the Manning flameout, NCAA basketball or anything else besides the NBA. Pimp the NBA enough, and a sliver of his viewers might watch more playoff games on ABC/ESPN. His claim the NBA's ownership circle is the most exclusive is a joke in itself as Mark Cuban has owned the Dallas Mavericks for over a decade, running it extremely well, while Major League Baseball has repeatedly denied Cuban the chance to own an MLB team (Dodgers, Cubs, Rangers). The NBA had to find a Russian billionaire with a shady past to buy the Nets and only with the promise he could move the team to Brooklyn.

Simmons mentions legit reason for people wanting to buy a team like the new collective bargaining deal and coming media deal, but he does not dig into the mechanics of other reasons. Why did the Dodgers go for $2 billion? What about purchasing cost depreciation and salary depreciation? Simmons will tell his readers these teams are a sideshow for owners but the prestige is so awesome, but he will not explain how they financially help an ownership group in their financial bookkeeping. When a team is bought, 100% of the purchasing price can be depreciated over fifteen years. Other sources said 50% depreciation of tangible assets over 5 years and 100% of salaries over 15 years, but those might be the old rules. This is on top of considering the player salaries as a business expense. Teams can turn big revenue years into small revenue years and low revenue years into losses. Those losses then can be applied to an owners other income. Yes, the 1% use tax loopholes to keep more loot and the IRS rolls over and shows its belly rather than play tough.

It should come as no shock that in the last two sales (the Warriors and Bucks) a hedge fund and private equity maven has been one of the leaders of the purchasing group. These guys have been enjoying the wonders of the latest bubble (the Bernanke Bubble). What better way to hide income from bubble gains than a giant capital investment with huge depreciation allowances and low current revenue? This is where gains for the 1% of the 1% go, baubles. Only their baubles are sports franchises that leech off of municipalities for stadium deals and subsidization. To his credit, Simmons does mention the leagues that hold municipalities hostage by threatening to leave. If I were a big city mayor, I would call their bluff. Simmons and Grantland will not go into those specifics because they are not paid to explain the whys of the sport or business, only push the idea that the NBA is fannnnnntastic.

Saturday, April 19, 2014

Jameis Winston's Troubling Behavior

Per the NY Times, a second woman sought counseling after a sexual encounter with Winston. A second? What? The Times does a nice job of giving a rundown of the night the attack that the media spotlighted happened. Alcohol, a woman going home with guys she did not know well but knew were on the football team, and rough sex that is in that "he said-she said" grey area. The NY Times buries it but does reveal it was a white woman (2nd woman was supposedly black). Considering the payouts of BCS appearances, the home ticket sales, the jersey sales, and countless other tax free revenue for the school, is anyone really surprised that FSU and the local authorities did not handle the investigation in the best manner? Shhhh, don't think about it. For all the media hand wringing over racism, no one is mentioning how a Southern town protected a black young man accused of raping a woman. Money talks in modern America, principles, honor and the truth be damned.

Here's a prediction for Jameis Winston. Sometime as an NFL player, he is going to get into trouble with women. He'll have to pay off the woman, not the deep pockets of the FSU boosters, or he'll face jail time. You think Ben Roethlisberger's first time pushing the envelop with a woman was in that bathroom? Big Ben kept his bodyguard on watch, made sure no one else was in the bathroom and locked the door. Those are not rookie moves. He walks free, and the media can report on his wedding and the birth of his children. It's all good.