Writer, Agilist, Elder Geek
Law firms are in trouble, so it’s not a guaranteed fallback: http://www.newrepublic.com/article/113941/big-law-firms-trouble-when-money-dries#
Publicly funding a stadium is a losing proposition: http://www.psmag.com/business-economics/america-has-a-stadium-problem-62665/. In fact, we’re spending more on them to date, and bankrupt Detroit is still building a Hockey Stadium. http://www.detroitnews.com/article/20130619/BIZ/306190075/
– Steven
A theory is the over-emphasis on shareholder value – and this guy has a theory why.
Pretty interesting reading, and if this is valid, it indicates how much culture is part of our economic dumbitutde in the meltdown.
– Steven
Lynda Obst has an excerpt from her new book on how Hollywood is broken, which follows what we’ve been discussing here. The excerpt alone is informative and paints a workable theory about risk-adverse Hollywood since you can’t plan easily in an age where balance sheet reliables have suddenly shifted.
As the resident Career Guru here (I also think of myself as the resident sex symbol, but that’s my own delusion), I’d also note something else – Hollywood exerts an irrational pull on other careers. How many gamers base ideas on blockbusters made for balance sheets, how many writers operate under the delusion they want to write some big film, how many people want to be in the industry peripherally? If it’s melting down, the impact will be far wider than we expect – and if it’s melting down, some people should ask where they’re getting their ideas from . . .
– Steven