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Saturday, January 07, 2012

Bowled Over

SEARCH BLOG: FOOTBALL

College football began in August and will finish the season on January 9.  I'm as big a fan as anyone else, but a 5-month season seems a bit excessive.  These are students in college who are supposed to be working toward a degree that will serve them for the remainder of their working lives, but it is hard to imagine balancing the demands of the classroom with a 5-month schedule for just one sport.

I guess my objection is not so much to the regular schedule... which has been extended over time, but the proliferation of bowl games.  When you have a bowl game for 6-6 Illinois versus 6-7 UCLA, I think the concept of bowl games may have been stretched to the breaking point.  A quick glance at some of the bowls shows that many of them exist as TV filler only.  The stadium stands are empty; the only cheering seems to be from the 12 cheerleaders.  The list at ESPN shows 35 bowl games.  Can football fans be that hungry for games?

Some of the first bowls on the schedule seem to have come from a corporate advertising firm.   The "Famous Idaho Potato Bowl?"  Next year we may get the "Wisconsin Dairy String Cheese Bowl."  I'd be embarrassed to send a team to some of these much less attend one... just because of the name.  Maybe they should just call them as they are: "The 69th Ranked Versus 70th Ranked Bowl."  Can't you hear the chants in the stands: "We're 69th, we're 69th, we're 69th!"

And then you get to the final weekend before the national championship game and you have the BVAA Compass Bowl [I give up; what's that?] and the Godaddy.com Bowl between teams that never made the national sports news during the year.  What a waste of a sports weekend!

Maybe it's time to watch figure skating with my wife.  Nah, I'll check the lake to see if the ice is thick enough to fish on.  That's more exciting.

What would I do differently?

That's 13 bowl games over 4 weeks.  Seems enough.  Selections via BCS or coaches poll or something different.  In order to implement a 4-weekend playoff, the conference/non-conference schedule would have to be limited to 10 games... maximum.  This would include conference championship games.  This doesn't solve the problem of an excessively long season, but solves the problem of an excessively long list of bowl games.  The playoffs could be limited to the top 8 teams with a 3-weekend playoff.  Along with the other limitation would keep the total maximum schedule to 13 weeks for the playoff participants.

Naturally, there are two very strong objections to this scheme:

  1. Significant loss of income to the NCAA, NCAA schools, and advertising media.
  2. Significant loss of football viewing time by really crazy people.

Besides, there are professional football teams to watch as well as basketball and hockey... or figure skating.

2012 IS HERE

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There is always an easy solution to every human problem—neat, plausible, and wrong.
Henry Louis Mencken (1880–1956)
“The Divine Afflatus,” A Mencken Chrestomathy, chapter 25, p. 443 (1949)
... and one could add "not all human problems really are."
It was beautiful and simple, as truly great swindles are.
- O. Henry
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Tracking Interest Rates

Tracking Interest Rates

FEDERAL RESERVE & HOUSING

SEARCH BLOG: FEDERAL RESERVE for full versions... or use the Blog Archive pulldown menu.

February 3, 2006 Go back to 1999-2000 and see what the Fed did. They are following the same pattern for 2005-06. If it ain't broke, the Fed will fix it... and good!
August 29, 2006 The Federal Reserve always acts on old information... and is the only cause of U.S. recessions.
December 5, 2006 Last spring I wrote about what I saw to be a sharp downturn in the economy in the "rustbelt" states, particularly Michigan.
March 28, 2007
The Federal Reserve sees no need to cut interest rates in the light of adverse recent economic data, Ben Bernanke said on Wednesday.
The Fed chairman said ”to date, the incoming data have supported the view that the current stance of policy is likely to foster sustainable economic growth and a gradual ebbing in core inflation”.

July 21, 2007 My guess is that if there is an interest rate change, a cut is more likely than an increase. The key variables to be watching at this point are real estate prices and the inventory of unsold homes.
August 11, 2007 I suspect that within 6 months the Federal Reserve will be forced to lower interest rates before housing becomes a black hole.
September 11, 2007 It only means that the overall process has flaws guaranteeing it will be slow in responding to changes in the economy... and tend to over-react as a result.
September 18, 2007 I think a 4% rate is really what is needed to turn the economy back on the right course. The rate may not get there, but more cuts will be needed with employment rates down and foreclosure rates up.
October 25, 2007 How long will it be before I will be able to write: "The Federal Reserve lowered its lending rate to 4% in response to the collapse of the U.S. housing market and massive numbers of foreclosures that threaten the banking and mortgage sectors."
November 28, 2007 FED VICE CHAIRMAN DONALD KOHN
"Should the elevated turbulence persist, it would increase the possibility of further tightening in financial conditions for households and businesses," he said.

"Uncertainties about the economic outlook are unusually high right now," he said. "These uncertainties require flexible and pragmatic policymaking -- nimble is the adjective I used a few weeks ago."
http://www.reuters.com/

December 11, 2007 Somehow the Fed misses the obvious.
fed_rate_moves_425_small.gif
[Image from: CNNMoney.com]
December 13, 2007 [from The Christian Science Monitor]
"The odds of a recession are now above 50 percent," says Mark Zandi, chief economist at Moody's Economy.com. "We are right on the edge of a recession in part because of the Fed's reluctance to reduce interest rates more aggressively." [see my comments of September 11]
January 7, 2008 The real problem now is that consumers can't rescue the economy and manufacturing, which is already weakening, will continue to weaken. We've gutted the forces that could avoid a downturn. The question is not whether there will be a recession, but can it be dampened sufficiently so that it is very short.
January 11, 2008 This is death by a thousand cuts.
January 13, 2008 [N.Y. Times]
“The question is not whether we will have a recession, but how deep and prolonged it will be,” said David Rosenberg, the chief North American economist at Merrill Lynch. “Even if the Fed’s moves are going to work, it will not show up until the later part of 2008 or 2009.”
January 17, 2008 A few days ago, Anna Schwartz, nonagenarian economist, implicated the Federal Reserve as the cause of the present lending crisis [from the Telegraph - UK]:
The high priestess of US monetarism - a revered figure at the Fed - says the central bank is itself the chief cause of the credit bubble, and now seems stunned as the consequences of its own actions engulf the financial system. "The new group at the Fed is not equal to the problem that faces it," she says, daring to utter a thought that fellow critics mostly utter sotto voce.
January 22, 2008 The cut has become infected and a limb is in danger. Ben Bernanke is panicking and the Fed has its emergency triage team cutting rates... this time by 3/4%. ...

What should the Federal Reserve do now? Step back... and don't be so anxious to raise rates at the first sign of economic improvement.
Individuals and businesses need stability in their financial cost structures so that they can plan effectively and keep their ships afloat. Wildly fluctuating rates... regardless of what the absolute levels are... create problems. Either too much spending or too much fear. It's just not that difficult to comprehend. Why has it been so difficult for the Fed?

About Me

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Michigan, United States
Air Force (SAC) captain 1968-72. Retired after 35 years of business and logistical planning, including running a small business. Two sons with advanced degrees; one with a business and pre-law degree. Beautiful wife who has put up with me for 4 decades. Education: B.A. (Sociology major; minors in philosopy, English literature, and German) M.S. Operations Management (like a mixture of an MBA with logistical planning)