commented on Emerald City Comic Con to Do Battle with Portland Comic Convention
@5 Is grossly overestimating WizardWorld's reach and competence.
They've never run a show that's been popular and the highlight of any of their shows is usually the wrestling ring they set up in the middle of the dealer's room.
ECCC has little to worry about. WizardWorld has money and nothing else.
Nov 16, 2012
commented on 18,000 Working People to Lose Their Jobs
@41 Hostess was run by Private Equity vultures (think Mitt Romney) who make money if a business fails. Especially if a business fails. They knew what was going to happen and will now make a s---load on selling the brand and recipes.
And the employees and surrounding communities will get screwed.
The bankruptcy was long in planning. Don't believe the BS from the CEO's PR firm.
Apr 19, 2012
commented on On the Preservation of Old Buildings
Glaeser is a fucking idiot.
Okay, my credentials: 1. I live in one of the most over built cities in California. 2. I'm a trained economist.
Glaeser is a fucking idiot because he assumes perfect knowledge available to EVERYONE about the supply and demand curve will result in a correct price and therefore "affordability."
Economists love to believe that the fairy tales they tell themselves and their students have real world applicability. Unfortunately, as the 2008 Collapse of Capitalism has shown, this is not true. If it were, banks and other "financial institutions" would never have made so many bad loans as a matter of self-preservation. Game Theory as advanced by John Nash, was spectacularly wrong (and in an ideal world, the Nobel Committee would have dispatched a team to take back their prize).
But where "affordability" was supposed to emerge because of more living spaces in places where lots of "living spaces" have been built, there is an overabundance of these places and they're well out of any sane person's notion of affordability (and yes, they're all empty). Exhibit A: Downtown San Diego. Exhibit B: Las Vegas. Exhibit C: The Inland Empire. Insert your own Pacific Northwest examples, but the deeply imperfect market we all live in has made no concessions to what a supply and demand curve dictate.
But hey, economic theory makes for great fairy tales for adults.