NOV 22 NBA STRIKE HURTS SMALL BUSINESS...ESPECIALLY PROSTITUTION
A surprising interview occurred last week in Midtown Manhattan. A man...who would only identify himself as "Henry"...spoke with a reporter from CNBC. What was all the hush-hush about? Okay...it seems "Henry" is a pimp who has fallen on hard times. You see, his best clients are NBA stars who want a little Overtime fun after playing basketball at MADISON SQUARE GARDEN. Anyhow, "Henry" charges from $400 to $4,000 a night...depending on the hot-ness factor of the hottie. Thanks to the NBA lockout, he has seen his steady income vanish. Having read lots of articles about how other "small businesses" had been effected by the NBA lockout, "Henry" empathized with them and wanted America to know his story too! (Pimps have feelings too.)
Sorry! For those confused DUNER-BLOG readers outside the US, here's a brief synopsis of the situation: In a nation where sports heroes are worshiped like demi-gods, no one gets paid more than the basketball stars. Here are the average annual salaries for professional players in the USA: NBA: $5,150,000. MLB: $3,120,000. NFL: $440,000. Also making lots of cash are the owners. Here are the average prices for a ticket to a professional game: NBA: $95.10. NFL: $77.36. MLB: $26.91. (Do the math...it's a lot of money!) The bottom line is that with absolute wealth comes absolute greed. 324 games have been cancelled while the two sides bicker over billions.
|'Ladies of the Evening' in Manhattan are losing money.|
NOT SO! says DENNIS COATES of the University of Maryland at Baltimore. In 2000, he conducted a study of the effects of sports labor disputes on local economies. He studied 37 cities and discovered just the opposite to be true. While there are many 'sob-stories' about a burger joint across the street from the arena going out of business, the overall economic impact on a city is positive. COATES concluded that "without sports, fans tended to spend their money at restaurants and movie theatres." This...combined with the gained civic revenue not spent on public safety...outweighed the losses at and around the ballparks.
|The forgotten ball boy.|