Monday, August 02, 2004

More Rules to Make the Rich Even Richer

New Republican-sponsored legislation that has gained preliminary approval in both the House and the Senate will increase the value of professional sports teams by tens of millions of dollars, thus benefitting the billionaire owners of these franchises. According to a New York Times story on this matter: "Two directors at Lehman Brothers, the investment bank, who specialize in sports banking and tax policy said the change could add 5 percent to sports franchise values. If so, it would represent a $2 billion windfall to franchise values, which totaled $41 billion in 2002, according to Forbes magazine." Meanwhile, President Bush made a surprise campaign visit to the training camp of the Cleveland Browns on Saturday. Although this meat-and-bones football team has traditionally symbolized the aspirations of working class Northern Ohio, the team's current pedigree is decidedly upper-echelon. The team is now owned by Randy Lerner, owner of MBNA (the huge financial company which was the biggest corporate contributor to the the 2000 Bush campaign). Who said politics is a fair game?

BIRDS & BEES: So where are you supposed to stick your name tag? First ever naked speed dating event occurs in Britain.

HOLLYWOOD: No Moore in Middle East: Farenheitt 9/11 banned in Kuwait because film deemed insulting.

JOCKS: Re-thinking the term streetball: Second annual World Cup soccer tournament for homeless people kicks off in Sweeden.

TECHNOLOGY: Pedal power: Activist will deliver protest messages to streets of New York with special road-spraying bicycle.

TUNES: Pulling hard to be finished by the holidays: The Strokes hoping to release live album before Christmas.

WEB SURF: And that's the true: The George W Bush Soundboard allows you to construct sentences like a misinformed global leader.

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