Tips for Beginners to Play Fantasy Football Like a Pro

Be sure to have players on your roster who are performing well and consistently.

3) No Favoritism

Avoid making team choices based on personal preferences. This will also help a long way in keeping a stable composition of the side. For this, you will have to keep a track of players, not just from your team, but the ones who have been performing well all through the season. Take calculated risks when deciding who gets to play on your team and who gets to warm the benches. Also, a professional insight will always be helpful.

5) Judicious Choices

Give preference to the quarterback (QB) of the team at the drafts. Until this happens, the outcome of you fantasy league will be-putting it modestly-terrible. It is considered to be a game of skill, and not gambling.

Fantasy football fulfills a dream of every football fan of becoming a ‘General Manager’ of a football team, albeit, virtually. In simple words, they are paid to do what you follow as a hobby. This demands choosing players on your roster judiciously.

12) Manage Every Week

Manage your team every week. This will also come in handy when changing the composition of your team.

4) Maintain Team Composition

Make the draft picks such that they are able to complete the entire team roster. This way, you can make any alterations in the team and your strategy if and when necessary. They also keep a track of various developments during the off-season. Keep a track of performances and stay updated with the latest form of the players. You are after all the fantasy manager of your fantasy team.

9) Tread with Caution

Make trades whenever you deem them to be necessary. Performance by only some of the players on your roster will not be good enough to win you the title. Also, be sure to have knowledge of the time up to which changes in a starting lineup can be made before the start of game.

7) Ratings

Follow how well a player does or does not perform. So, remember to trade, but just not in haste.

Do You Know…

Betting on fantasy sports is legal, as it is a reflection on the knowledge a participant has about the particular sport. You can draft players of your dream team and have the team compete with other such teams. They have a view of the game from close quarters. 11) Know the System

Know how the scoring system works in your league. The players on your roster will be your best shot at claiming your league title. Besides, you end up having in-depth knowledge about the game, and always stay in the loop with the latest developments.

6) The Starting Lineup

It will be your decision to choose the starting lineup. This will help you in getting a complete idea of the status of your team and the progress it needs to make. Remember, you have to pick your team at the drafts. Keep players on the team who are supposed to be playing in the week, and give others players a rest. It will take some time for you to learn how to play like a pro. The choices for defense and kickers can follow in on the heels of this choice. They have a know-how of the details that don’t make its way to the tabloid columns. When a team is made with players of just favorites, it may be a team that may be best suited to your taste, but that will not necessarily translate into a team that will be best suited to win the fantasy league title.

Knowing how to play fantasy football will help you in not only being a part of an interesting conversation among peers, but also allow you to participate actively in a game you so dearly love. When trading, prefer a player with a better display of performance than your player. Avoid having a team with preferred players and backups having same bye-weeks.

10) All for One

The performance of your team is dependent on the performance of each and every individual player. To avoid going down this path, here are some useful tips for all you beginners.

1) The Experts’ Opinion

Know what the experts have to say about the players. Such games are not an indicator of loss of form of the player in question. It is bound to take a while to get a hang of the way in which the system functions. This will mar your ability to take decisions that are in the best interest of your team. This is a great way of staying in touch with your existent social circle, along with having an opportunity to expand it. There are various ways in which the teams are pitted against each other. Just a bad game or two is not reason enough to trade a player. This will help you in deciding the starting lineup along with the changes that need to be made on the roster.

8) Trade Players

If a player is not performing well, there is always an option to trade him. But, do not make trades in panic. Head-to-head and total points leagues are famous ones that are preferred by many fantasy football players.

Now, it may be due to the constant badgering of peers or plain and simple curiosity, you finally enter into the world of fantasy football. This will avoid stagnation in the ratings of your team.. This way, you can improve and strengthen the position of your team.

2) Don’t Drink and Draft

Alcohol, besides allowing you to make a public spectacle of yourself, will severely impediment your judgment, analytical, and reasoning skills. They can be up against each other in head-to-head leagues, total points leagues, keeper leagues, dynasty leagues, and salary cap leagues, among others. This will help in maintaining the balance of the team

Tyson Foods To Reach Moms Through Bull Riding Advertising

Of those, 5.5 million attend in person and exactly half of those attendees are women.. Lauderdale, sees the PBR-Tyson matchup as a marriage made in heaven. This is not a rodeo. “Tough-guy food for a tough-guy sport,” he called it.

Through bull riding, Tyson said it hopes to reach moms much the same way Campbell Soup has reached them through Campbell’s partnership with the National Football League. Of those, 43 percent are women.

Turns out he’s right. “To maximize sales, you want to connect with both the purchaser as well as the purchase-influencer.”

Tyson Foods has found a novel way to reach America’s moms: through bull riding.

“Mom and her family are the focal point of our Tyson-branded advertising, messaging and product innovation,” Tyson spokesman Worth Sparkman said in a statement, “and there are a lot of moms who watch PBR events.”

The company has agreed to be a sponsor of the Professional Bull Riders (PBR) championships later this month in Las Vegas, including a bull-riding fan expo at Mandalay Bay Resort.

Meaning: Even if mom couldn’t give a hoof about bull riding, her son or husband might, and, to keep that influencer happy, she might buy him Tyson.

Yes, but how about for non-tough-guy moms?

Sara Muirheid, director of sales, marketing and broadcast properties for the Professional Rodeo Cowboys Association (PRCA), has numbers that back up PBR’s: Rodeos have a fan base of 31 million, she said. Campbell TV commercials showcase moms of famous players.

Becher explained why the link-up makes sense, whether or not mom is bull-crazy. This is bull riding, and the first rule is just to stay alive.”

There are?

RODEO BULL RUNS LOSE AT PENNSYLVANIA FAIR

“It’s funny,” Muirheid told ABC News. Asked what might be the appeal of bull riding to women, let alone moms, Denise Abbott, a spokesman for PBR, noted that PBR’s market research didn’t ask fans, male or female, why they like the sport.

PBR’s own description of bull riding begins, “Buckle up. We don’t rope calves, and we don’t chase barrels. “The name of the game is incremental sales at retail,” he said. According to market research commissioned by PBR, some 25 million fans follow bull riding. “Our TV ratings are skewing higher on the female side.”

CAMPBELL SUED OVER HEART-HEALTHY LABEL

Of the attendees, 63 percent are between the ages of 25 and 54, according to the PRCA, which sounds an awful lot like mom-country.

Scott Becher, an expert on sports sponsorship and managing director of Z Sports and Entertainment, a division of Zimmerman Advertising in Ft

On Location Experiences Acquires Anthony Travel

Key industry partners include Disney Sports and ESPN Events.

NEW YORK–(BUSINESS WIRE)–On Location Experiences, a premium experiential hospitality business

owned by Bruin Sports Capital, RedBird Capital Partners, 32 Equity (the

entity that oversees the NFL’s private equity efforts) and Jon Bon Jovi,

today announced the acquisition of Anthony Travel. Bruin Sports

Capital’s investor base, along with Pyne’s reputation, will allow access

to the best deals, and will provide a long-term and flexible capital

structure, operating expertise and a heightened speed of execution. RedBird Capital Partners is a New York and Dallas based principal

investment firm focused on providing flexible, long-term capital in

growth equity, build-up, and structured equity investments to help

entrepreneurs grow their businesses.

Bruin Sports Capital’s global access and wherewithal will position the

company for unparalleled value creation opportunities. “Over 26 years we’ve grown by aligning with

exceptional people and iconic brands. Together, we aspire to create

lifetime experiences for guests around iconic events. WPP, the world’s largest communications services

group, is leading Bruin Sports Capital’s international syndicate of

investors. Anthony Travel is the

largest university and sports travel management company in the country. Financial terms of the investment were

not disclosed.

One of the highlights of Anthony Travel’s international work was

managing the travel needs of more than10,000 fans in Dublin for college

football’s 2012 Emerald Isle Classic between Notre Dame and Navy. “As the number one authority in

sports travel, John Anthony and his team immediately provide us with

important new expertise that will transform our company and position us

well for future growth. With 40 offices nationwide, Anthony Travel partners

with nearly 70 of the nation’s most prestigious universities, along with

leading amateur and youth sports organizations, to provide comprehensive

travel solutions and unforgettable experiences to teams, alumni and fans

at more than 300 domestic and international events annually. Anthony

Travel is a division of On Location Experiences, a premium experiential

hospitality business owned by RedBird Capital Partners, Bruin Sports

Capital, 32 Equity (the entity that oversees the NFL’s private equity

efforts), Jon Bon Jovi and John Anthony. For more

information, go to www.BruinSportsCapital.com.

About Bruin Sports Capital

About RedBird Capital Partners

“Anthony Travel is the perfect fit as we continue to expand the services

and offerings within the On Location Experiences platform,” said John

Collins, CEO of On Location Experiences. Pyne’s twenty-five year record of

accomplishments in building businesses and superior management teams led

to the transformation of both NASCAR and IMG, creating billions of

dollars in shareholder value for the respective companies. Adding the travel component enables us to go

deeper with our existing core business, offer fans a more complete and

customized experience and creates unlimited new opportunities with major

international events.”

About On Location Experiences

“John Collins, Jon Bon Jovi, Gerry Cardinale and George Pyne are people

and partners we believe in and who share our core purpose of helping

people experience and enjoy the world. Anthony Travel delivers exceptional service at

300-plus domestic and international events annually and is the largest

contractor of group hotel rooms, airline seats and bus charters in

sports.

As part of this deal, John Anthony will become an equity holder in On

Location Experiences and will join its board of directors. 3, 2016 in Dublin will be

Anthony’s fourth college football game in Ireland.

Added Anthony, “We’re going to be exposed to the best practices in the

guest experience world while taking on exciting new projects. On Location is the official event and hospitality

business of the NFL, providing proprietary fan access to marquee NFL

events, including the Super Bowl, Pro Bowl, NFL Draft, and International

Series Games in London and Mexico City. RedBird seeks investment

opportunities in growth-oriented private companies in which its capital,

investor network, and strategic relationships can help prospective

business owners outperform operationally, financially and strategically

by virtue of RedBird’s involvement. Our people, values and core

purpose align extremely well with the On Location team and vision.”

About Anthony Travel

Bruin Sports Capital is a privately held international media, sports,

marketing and branded lifestyle company. With this

partnership, we are well-positioned for success and know the best is yet

to come for Anthony Travel, our clients and our people.”

. We’ll have

more resources and technology behind us and with increased volume, there

will be tangible benefits for our client organizations and travelers.”

Anthony Travel is the nation’s largest provider of sports travel

management services. Bruin Sports Capital raised

$250 million in equity capital, which provides for $500 million dollars

in buying power to acquire, operate and build businesses in the

respective segments. He will also

remain CEO of the continuing Anthony Travel business within the On

Location Experiences platform. For more

information, go to www.anthonytravel.com.

“Joining On Location Experiences will drive transformational growth for

our company and new opportunities for our people and current clients,”

said John Anthony. The

Boston College-Georgia Tech game on Sept.

On Location Experiences specializes in custom domestic and international

event and hospitality experiences in the worlds of sports and

entertainment. George Pyne, an international business executive, founded

Bruin Sports Capital in 2015. On Location is expanding its

offerings through new partnerships, including the acquisitions of

Anthony Travel, the nation’s largest provider of sports and travel

management services, and Runaway Tours, the VIP hospitality business for

premier music acts that was founded by Bon Jovi.

Based in Dallas, Anthony Travel was founded in 1989 and currently

partners with 67 universities, – along with many amateur and youth

sports organizations – to provide creative and comprehensive travel

management services. The integration with On

Location Experiences forms an unmatched vertical offering of

hospitality, experiential and travel management services. For more information, go to www.RedBirdCap.com.

On Location Experiences is a premium experiential hospitality business

owned by Bruin Sports Capital, RedBird Capital Partners, 32 Equity (the

entity that oversees the NFL’s private equity efforts) and Jon Bon Jovi

The Advantages of Forex Arbitrage Calculators

However, one should understand that the difference is only temporary, as the market will need to correct its prices so that there is equality in prices of the currencies. This correction can happen very quickly. They work on real time and keep you accessible to the quotes of different currency pricings, there and then. However, with the presence of the Forex arbitrage calculator, this problem can be overcome.

The good thing with the Forex arbitrage calculator is that it can do what a human cannot do. It is also more accurate in its calculations than humans are. Before getting the real software, it is best to look at the free demo and try out their trial versions to ensure that the software is suitable to your needs and is truly reliable.. For traders who want to do well in Forex arbitrage, this calculator is an important tool to maximizing their gains. The market in which it buys from will have a lower price quote of a currency than the market it sells to, allowing the trader to gain profit from the differences that occur between the two markets. This process, if done manually, will require time and patience, which means you may lose the opportunity if you are not quick enough. The Forex arbitrage calculator can be widely found in the Internet and can be downloaded for free or a fee. The calculator basically helps to identify arbitrage opportunities through its calculations. In Forex arbitrage, a trader basically buys a currency from one market and then sells it off at another. Thus, it is important for a trader to quickly detect such opportunities, make the necessary calculations, decide if the differences is worthwhile, and then trade. In other words, in terms of the human problems with speed, efficiency, and accuracy, the calculator can overcome

10 Tips for Betting on Football

These books change their numbers according to the betting patterns of their customers, so it is not entirely uncommon to find two or three point differences in the lines.”

“A sharp or smart has a plan of what he wants to do,” says Vaccaro, the director of sports operations and public relations at Lucky’s Race and Sports Book in Las Vegas.

3. Thanks to the juice, the only one who profits in this scenario is the bookmaker. “The key to proper money management is to be sure not to bet more than you can afford to lose.”

So, is it possible for the average square to become a little sharper in making football bets this season? According to professionals like Vacarro, Konik and Gordon, amateur bettors have the best chance to win if they demonstrate a little patience and follow the 10 basic tips below. So underdogs tend to be slightly undervalued – except by the sharps.”

But that doesn’t mean you have to bet like a “square” and throw away your hard-earned money.

“A square or recreational player might have a vague plan, but after two Corona’s he will definitely run to the window and make a hasty decision on the USC-Notre Dame game because he wants to be involved in the party atmosphere,” Vaccaro says. But, when you’re struggling, that’s when you want to reduce your bet size until you get out of your slump. “He is not jaded by teams and does not bet with his heart.

“Most people with an understanding of football gambling bet between 3 percent and 5 percent of their bankroll, increasing when they win and reducing when they lose,” Vaccaro says. “For example, if you have a $1,000 bankroll for the season, you should generally bet no more than $50 a game.”

. Drinking and Gambling Don’t Mix – “There is a reason the casinos in Las Vegas supply you with free drinks while you are gambling,” Moseman says. “Most people prefer to bet on the ‘better’ team, the one that will probably win the game. Not all games work according to this formula, but it is usually a good rule of thumb.”

“A square is the average, unsophisticated gambler whose decision making is based on hunches, media manipulation, or spurious systems that cannot overcome the bookmaker’s inherent mathematical advantage,” Konik explains. If you are going to go with a favorite, it is best to place your bet early in the week when the sharps are laying heavy money on the points. If you want advice about sports betting, find someone who has a successful track record. “The sharps are usually members of a betting syndicate privy to the most up-to-date information on injuries, weather, game plans, and, most important, the real power of the teams involved. There is a wealth of information on the Internet; it is just up to you to find it and research it daily.”

Another difference between squares and sharps is how they approach betting on game day.

7.

Newspapers and popular sports sites routinely publish the lines or point spreads for games, and football insiders offer their picks to viewers each week on ESPN and other cable networks.

Moseman agrees and especially likes home underdogs. The only touts bettors should consider are the ones who talk about the long haul and realistic winning percentages, which are in the upper 50 percent to lower 60 percent range.”

So, how much should you bet a game?

4. Giving 11 to 10 odds is almost always the cheapest price you can give.”

While these tips don’t guarantee you’re going to win, hopefully they can make you a little less square and a little more sharp in your picks this season. Also, being “in action” can make a dull late-afternoon game (Buffalo vs. There are almost an infinite number of scenarios that can happen in a single football game. He loses year after year, according to Dan Gordon, a top football handicapper and author of How to Beat the Sports Books (Cardoza Publishing 2005).

***

“The biggest mistake that amateur bettors make is they increase their bets when they are losing,” Sevransky says.

Also, it’s probably a good idea to disregard advice from the myriad of ex-players and football experts you see on television each week. “Common wisdom says that over the course of a long football season the average man or woman will pick approximately 50 percent winners. “When you’re in a good rhythm and winning, you want to increase your bets. Consider Underdogs – “In the long-run, it’s easier to win betting on the underdog,” Konik says. The only locks that exist are those that need keys to open them.”

Betting on football games; whether it’s through a local bookie, an offshore Internet site or a Nevada casino (still the only legal place in America to make football bets), most of us have done it or know of someone who has.

“In an average season, fewer than one bettor in twelve turns a profit,” Gordon says. “In the NFL, a game will often be totally turned around by one or two plays, or even a single penalty. “In trying to bamboozle potential customers, many services make claims about having scouts all over the country that give them inside information and promise 70 or even 80 percent winners, as if the bookmakers were the biggest suckers in the world. Bet at the Right Time – “The sharp bettors tend to bet underdogs, and they tend to bet them early,” Moseman says. Avoid Exotic Bets – “For very skilled handicappers, with a proven track record, there can, at least in theory, be value in betting parlays,” says Gordon on the type of bet that combines two or more individual wagers. “If you listen to their advice, you are sure to lose. “Squares usually bet later in the week and they tend to pick the favorites.

So, how much are we gambling each football season?

Suggest a correction

6. Locks Don’t Exist – “Anyone who has watched sports for about a month realizes that the difference between winning and losing, especially against the spread, can be infinitesimally small,” Gordon says. Shop For Numbers – “Another important aspect of betting on football is shopping for the best number,” Moseman explains. On college you will be able to find different lines at different sports books.

5. Slim underdogs regularly win outright.

2. Research Football Services – “Most sports services realize that most people who sign up with them are insecure,” Gordon warns. The NFL, for example, will have very similar numbers at most of the betting shops you visit.

Even Hollywood is not immune – think Two for the Money with Al Pacino and Matthew McConaughey.

1. If you like an underdog, it is best to get your bet in as late as possible, where there is heavy action from squares on favorites. “As for me, the best bet in football is betting the point spread or over/under totals on individual games. “Thus, the bookies love and cherish the squares.”

Michael Konik, a sports writer and best-selling author of The Smart Money (Simon & Schuster 2006), explains why it is so hard for the recreational gambler to win at betting on football. “If you become an expert on a smaller conference like the WAC, you have a good chance to beat the house because sports book operators do not have the time or resources to follow this conference the way you can. Chasing losses is the fastest way to the poor house.”

Certainly not back into the pockets of the average bettor. “Because alcohol clouds your judgment and usually helps you to make rash decisions you usually wouldn’t otherwise make.

“The standard bet requires gamblers to lay $11 for every $10 they want to win with the extra $1 or 10 percent known as the juice,” Konik says. Avoid Chasing Bets – “Don’t do it! There is no worse way to mismanage your bankroll than to chase your bets after a losing day,” cautions Moseman on the dangerous practice of trying to immediately win back your losses. And why not? We have unconditional love for the sport and betting $50 or $100 on a game adds an extra rush of adrenaline.

And remember, in the immortal words of “Fast” Eddie Felson, “Money won is twice as sweet as money earned.”

“There is probably no better bet in sports than playing an underdog at home,” Moseman says. “Teams play inspired ball at home. Oakland comes to mind) seem like the Super Bowl. Otherwise, you’re better off doing your own research.”

And where does all that money go?

9. In fact, sports bettors must pick 52.4 percent winners just to break even.”

“The bookies fear and despise a tiny coterie of professional bettors known as ‘the sharps,’” Konik says. “There will be more discrepancy in the numbers at different sports books. If North Texas is his best bet on a Saturday then that is his bet.

But even though the math says it’s virtually impossible to win on a consistent basis, Americans continue to bet on football. To be a successful sports bettor you need to operate with a clear mind.”

Although exact figures are impossible to calculate, according to Jimmy Vaccaro, widely considered to be Las Vegas’ most influential bookmaker, Americans probably wager more than $50 billion a year on NFL and college football combined. The payout is just the same as far as he is concerned.

Ted Sevransky, a well-known Las Vegas gambler and sports consultant with Sportsmemo.com, agrees.

10. Money Management – “This is without a doubt the most important aspect of betting on sports and possibly the most neglected,” says Morey “Doc” Moseman, a professional gambler and sports consultant with DocSports.com for nearly 40 years. Focus on Conferences – “The best way to win money betting football is to develop a niche and follow it closely,” Moseman advises. “Over the course of several seasons, the percentage of bettors who turn a profit is minuscule.”

However, Konik adds that there are some bettors who actually know how to beat the bookies. They use powerful computers that can process millions of bits of data and produce a more accurate point-spread line than the bookmakers.”

“The talking heads on TV know nothing about sports betting,” says Sevransky. He is not taken in by being involved in USC-Notre Dame just because it is the biggest watched game of the day. Big underdogs often find ways to cover the spread and they rarely give up toward the end of a game in front of the home crowd.”

8

How To Master Sports Betting

Over time, you will learn what it should be that you should be paying attention to.

Speaking of the long run, this is what you should be focused on. It’s all about accumulating winnings. So if you suffer a bad break along the way, just remember it goes with the territory. This means that when you place your bets you need to be thinking clearly and concisely. For instance, if you are pretty certain that a side is going to win and they are getting good odds for this than take this. It is only going to place you in a difficult position and as much as you might think it won’t be, your decision making ability is going to be compromised. Travel is a factor such as when East Coast sides travel to the West Coast and vice versa. You shouldn’t favor a team because they are the team your best friend supports. It could provide great insight as to predicting what will occur.

Sports betting is an easy way to make a tough living. What is the point of drowning yourself in statistics and research for what you could just as easily decided with a flip of the coin? So you need to sift through it all and just take the morsels here and there which are really important and make a difference. On the flip side, you shouldn’t bet against a team because someone you don’t like roots for that team. If you are going to do it you need to do it properly and master it, it means you are completely organized and focused. You will be better off for doing so in the long run.

Look for value bets. Because of this point, it is probably better if you steer clear from any matches involving the teams that you like. Also look into how sides perform the week after doing certain travel. It doesn’t matter if it is pretty or not.

Information and doing your homework is important, but you don’t want to full into the trap of information overload. Hopefully this kind of thinking will keep you grounded. You want to know who trained and who didn’t. So do yourself a favor and swear off them. Business is business and you need to be concentrating on who is going to win regardless of who likes and who doesn’t like which team.. Anything less than this and it is going to be a disaster. Upsets are always going to happen but see when it makes the most sense when to go for that and when not to. You don’t want to lose money just because you weren’t on top of your game.

The most important thing is that you need to take emotion out of the equation. Thus when you are doing well, you will still be focused and when you aren’t doing so well you won’t be thinking that it’s the end of the world. You can’t let the highs and lows affect you too much.

In the case of team sports, injuries are important. The weather conditions also make a difference as they do in horse racing

“Arbitrage”: Critics rate Richard Gere’s new film

Gere is one of cinema’s great walkers, graced with a suggestively predatory physical suppleness, and he slips through the movie like a panther. But why grade on a curve? Every episode of ‘Law & Order’ I’ve ever seen has a more complicated and plausible plot, punchier dialogue and more New York authenticity, all in less than half the time consumed by this poky would-be finance thriller.”

Peter Debruge of Variety: “Between this cast and the conviction Jarecki brings to the table, the film feels incredibly accomplished for a first feature.”

Mary F. He’s the film’s most deluxe item.”

Christy Lemmire of The Associated Press: “Gere is so charming, so irresistible when he’s on top of the world – when he’s got all those plates humming in unison – that he kind of makes you root for his character to get away with it all.”

Roger Ebert of The Chicago Sun-Times: “Hitchcock called his most familiar subject ‘The Innocent Man Wrongly Accused.’ Jarecki pumps up the pressure here by giving us a Guilty Man Accurately Accused, and that’s what makes the film so ingeniously involving.”

Richard Gere in a scene from “Arbitrage.”

See what else critics are saying:

AP Photo/Roadside Attractions

© 2012 CBS Interactive Inc. Pols of TIME: “The main reason to see ‘Arbitrage’ is Gere, whose steady improvement with age (he just turned 63) is not remarked upon enough.”

Gere has attracted attention for his acting in the film, with Manohla Dargis of The New York Times noting, “Mr.


The critics have chimed in on the new Nicholas Jarecki-directed film, with Rotten Tomatoes giving “Arbitrage” a very respectable 81 percent rating. All Rights Reserved. Gere and Sarandon previously appeared together on the big screen in the 2004 romantic comedy “Shall We Dance.”

Pictures: Richard Gere

Watch: Gere and Sarandon discuss their new film, “Arbitrage”

Pictures: Fall Film Preview 2012

. But not everyone agrees. Clint Eastwood’s chair has a better shot at an Oscar nomination.”

(CBS News) Richard Gere is back in the shoes of an investor powerhouse, portraying fictional New York hedge fund magnate Robert Miller in “Arbitrage,” which hits theaters today. Gere, allow me to apply a little buzzicidal ointment.

Peter Travers of Rolling Stone: “Richard Gere’s performance in the sinfully entertaining ‘Arbitrage’ is too good to ignore…he is at the peak of his powers.”

The 63-year-old “Pretty Woman” actor stars alongside Susan Sarandon and Tim Roth in the drama about a man desperate to complete the sale of his trading empire. The New York Post’s Klye Smith wrote, “And as for that so-called Oscar buzz for Mr.

Kyle Smith of The New York Post gave it 2 out of 4 stars: “‘Arbitrage’ is a decent enough way to spend your time compared to, say, waiting on line at the grocery story. He ends up making a mistake that forces him to turn to an unlikely person for help

U.S. History: Income Distribution and Reaganomics

Reagan policies were designed to provide some flexibility for businesses to contain production costs, increase profits by reducing labor costs, and reducing the costs involved in meeting government standards. Also on the hit list for Reaganomics, was the reduction of social programs.. The result of this program was a softening of safety and environmental regulations to ease the burden on industry. The reduced costs resulting from relocating no-skill jobs, low-skill jobs, assembly, and manufacturing operations to low wage areas, validated the practice of outsourcing. Yet, the cost to the average American laborer during that era and continuing into the next administration was what gave Reaganomics its negative reputation.

From 1973 to 1986 average wages have dropped in buying power by nearly 14-percent (Harrison & Bluestone 113).In 1986, the average annual income of the poorest 20-percent of all families was $8,033. Who paid for the improvements in American business during the 1980′s? The lower 60% of American workers paid for these improvements through the reductions in the real purchasing power of their income.

Contingency labor pools were (and still are) not organized under a union. According to Krugman, these salaries did not come primarily from greater profits, but from a larger slice of the profits.

Reaganomics Debate:Inequality in Income Distribution, Government Policies and Corporate Restructuring

Mountains of paper have been written about the economic period of the 1980′s, coined Reaganomics. Some firms have done so to improve their chance of selling to foreign markets or to take advantage of foreign government incentives (taxes) (Harrison & Bluestone 31).

Reagan was not the only one conducting a reduction program. To continue the weakening of the labor pool, the Reaganites engineered the recessions of 1980 and 1981-2 to under-cut labor organizations while contributing to the corporate bottom line (Harrison & Bluestone 14). Harrison and Bluestone define what is usually considered the middle-class income earners, as those making $20,000 to $50,000 annually. Strangely enough, this period seems to be the era of debt for both the government and the American income earners. Since employee turnover is highest during the first few months of employment, businesses could save at least 20 to 25-percent of the wages they would have paid to an employee during that same period.

There is plenty of material to argue whether or not Reaganomics was an economic success or an economic blunder. The Reagan Administration simply continued this trend toward economic deregulation as initiated under Carter. Revolving installment credit grew from $55 billion in 1980 to more than $128 billion in 1986 (Harrison & Bluestone 149). New employees would only receive 75 to 80-percent of the normal wage during a probation period (the probation period usually equated to the business’s employee turnover period). U.S. businesses began discarding their standard practices and shifted capital into overtly speculative ventures. Salaries and benefits of corporate CEOs as compared to the average factory workers were 30 times higher in1980 and reached 130-140 times higher in 1991 (Krugman 262). During this period the government went on a spending spree financed by the deficit. firms have gone abroad to set up assembly or service operations. The existence of the Pension Benefit Guarantee Corporation (PBGC) also quieted union members by insuring the benefits of workers displaced when companies went bankrupt or their pension plans go bust.

Geoghegan, a former labor attorney, tells of his experiences dealing with organized labor, how and why it has lost its ability to fight. The two-tier wage system allowed reduced wages for employees during the new worker’s first few weeks or months of the normal probation period. By the late 1980s the before tax GINI Index was (.423) with the after taxes GINI as (.404). Harrison and Bluestone call the Reagan Administration “the single greatest gift to the business community” (Harrison & Bluestone 102). This included family members taking on extra jobs or moonlighting in order to make ends meet. lost one out of three heavy industrial jobs.

Geoghegan believes that part of the weakening of unions also has to do with a lack of sympathy by the average family. I must add at this point that the “U-turn” in America’s economics actually began during the 1970′s; Reagan only sped up and expanded the process significantly (“U-turn”- the term used by Bluestone and Harrison to describe the reversal of fortune of the labor forces and the shrinking middle class).

Part of the Reagan plan was a reduction in taxes. However, after accounting for the business cycle, for productivity, and for the shrinkage of manufacturing jobs, the growing proportion of baby boomers in the work force contributes nothing to an explanation of low wages. They provided (and still do) flexibility to tailor their work force needs to the production needs. The “engineered recession” of 1980 and 1981-2, along with reductions in social welfare programs contributed to this “great U-turn” in the standard of living of most Americans, employed as well as unemployed, middle managers as well as blue collar workers (Harrison & Bluestone viii). At the end of the Carter Era the GINI Index before taxes was (.403) and (.352) after taxes. And, of course, both sides of the argument will present evidence in support of their positions. This group shrank from 53-percent in 1973 to 47.9-percent in 1984. But most of all, during the Reagan year’s people went into debt.

In Thomas Geoghegan’s book, Which Side Are You On? Trying To Be For Labor When It’s Flat on Its Back, two pieces of legislation are discussed as the beginning of the end for organized labor began with the 1935 Wagner Act and the National Labor relations Board (NLRB).  Reaganomic policies, though we can’t forget some initial deregulation efforts instituted during the Carter years, reversed what had been accomplished prior to the 1970′s (Harrison & Bluestone 79). In some cases businesses just simply got out of the production end and found alternate “ways of making paper profits” or found other ways to reduce labor costs.

Any discussion on Reaganomics should always contain a definition of Reaganomics so let’s get that out of the way from the start. “The old Teamster order collapsed and thousands of firms closed (Geoghegan 139).” During the late 1970′s and into the 1980′s, the Teamster membership fell from 2.2 million to 1.6 million. Often it’s stated that the Reagan Administration was trying to reduce the double-digit inflation of 1980 and turn around the falling rate of production. A further major benefit of these creative pay systems was that they provided a way to avoid unions or at least keep the impact of union actions at a minimum. Reminiscent of the 1920′s and 1930′s, the middle class, formerly the largest class of the post WWII through the Vietnam War era has also been ever decreasing in size. Fulltime manning was drastically reduced in watchdog agencies tasked to monitor the various industries. Employment in mining actually rose until 1981 only to fall nearly in half during the 1980′s through the 1990′s (Slater 129).

While Presidents Reagan and Bush froze the minimum wage level for a nine-year period, essentially cutting pay each year as inflation bit into lower wage earners, the salaries of executives skyrocketed during the 80′s. Reaganomics as described by most, if not all economists and historians was supply-side economics; however, this in itself doesn’t really explain Reaganomics because of what actually happened. Families expanded their use of “plastic money” even faster. Both sides of the Reaganomic fence provide more than enough evidence in support of the argument that says: lower and middle class America lost significant ground during the 1980′s. By the mid-1970′s global competition was eating away at American business profits. During the 1980′s, the U.S. Yet, organized labor was not the only one to feel the reduction of government support. This shows that there was a higher distribution of income in the hands of fewer people (Krugman 25).

This article focused on one particular facet of the Reaganomics debate; the issue of inequality in income distribution in America as a result of a turn-around in government policies combined with corporate restructuring. Contingency labor included part-time and temporary employees. Many of the nation’s economic critics saw the policies of Reaganomics as short-term answers to a long-term problem by borrowing against the nation’s future.

But what is the cost of these outsourcing? The result of reductions in domestic production and outsourcing was a reduction in U.S. As Harrison and Bluestone state it, “Globalization of production was no longer supplementing domestic manufacturing but replacing it (Harrison & Bluestone 28).” Restructuring involved creating multinational corporations with its headquarters and support functions in the major capitalist countries. These methods provided a way of reducing full-time labor wage costs, which included a reduction in employee benefits cost. One argument presented to explain this problem is that the “low wage explosion is mostly a statistical illusion, reflecting the impact of inflation and recession on workers’ earnings (Geoghegan 124).” Another proposal is to attribute the problem to a large influx of baby boomers into the work force. Benefit packages for these contingency employees were either non-existent or at least small enough to still keep labor costs low. The results of these policies directly impacted the redistribution of income in favor of the higher income group (Harrison & Bluestone 162).

Ronald Reagan’s laissez-faire government policies, reminiscent of the 1920′s, included legislative and legal actions that severely hampered organized labor. According to data published in Krugman’s book, Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations, income data for the period reflects that the tax reductions during the 1980s actually cost the lower 60-percent income groups, while the top 40-percent income groups saw monetary increases (Krugman 24-5). A major part of Reagan’s policy was to enhance the military complex in order to stay ahead of the perceived communist threat. His experience through the late 1960′s and 1970′s describes the labor movement as having become political driven organizations characterized by the same characteristics (greed, power, control, and inequality) of those they despised – Big Business. Therefore, it’s not too surprising to see the average American family would not be to upset if union organizations were losing ground. Ronald Reagan’s supporters credit him as being the great savior of the American economy; his critics’ credit his policies for creating the destruction of labor and gambling away the future of the American economy through massive increases in the federal deficit. This act also weakened union power by outlawing mass picketing, secondary strikes on neutral employers, and sit-downs. As a result, the traditional one-income household was no longer sufficient to keep up with the family economic needs. The Government’s induced deflation, deregulation, regressive tax reform, privatization, and “union bashing” have contributed to new corporate strategies and the inequality of income distribution in America (Harrison & Bluestone 16). Either there exists a significant polarization of income distribution around the middle-class or the middle-class is now what used to be the lower-end of the upper-class income.

If labor had not been weakened enough by the high unemployment levels in the late 1970′s, Reagan’s firming of the PATCO members sent a clear message to not only the unions, but also to the courts as to his lack of support for organized labor. The wage-gap between the America lower income group and the upper or rich America group has been ever increasing. It became a joke to say, “We are spending money to help the economy.” Consumer borrowing doubled between 1981 and 1986, from $394 Billion to $739 Billion. However, the benefactors of the tax reduction were not the majority of wage earners.

The counter argument against these income disparity issues is attributed by some as simply a matter of normal business cycles. Additionally, in 1947 and the passing of Taft-Hartley, labor could no longer organize on the scale of unions of the 1930′s. This living on debt and buying time was sufficient to fuel a short-term recovery (Harrison & Bluestone 147). Double income families were not a uniqueness of the lowest income earners, middle-class America also lost, or at least sustained, buying power during the 1980′s. They increased offshore investments and began outsourcing for labor and manufacturing in search of the lowest labor and production costs.

The Government economic policies supporting deregulation and the concept of privatization of government services were actually taken initially between the years 1968-1978. During the 1970′s the average family income was $24,000, while the average steelworker was making $40,000. The same act that affirmed the right to organize but gave the NLRB the job of certifying whether or not a union was to be considered “officially” recognized. DOD spending doubled $134 billion in 1980 to $282 billion in 1987 (Harrison & Bluestone 149). Keeping labor costs from rising is not the only reason that U.S. Employment in the manufacturing area fell seven-percent between 1968 and 1979, continuing to fall twelve-percent more through the 1980′s and 1990′s (Slater 143). Credit card use grew from $55 billion in 1980 to more than $128 billion in 1986 (Harrison & Bluestone 149).Families filing chapter 13 of the Bankruptcy Code grew from an average of less than 39,000 per year (1975-1980) to almost 95,000 a year (1981-1984) (Harrison & Bluestone 152).

Of course there are many supporters of Reaganomics that will produce statistics showing how the GNP was sustained during the 1980′s; there is really no mystery here. The GINI Index numbers support this disparity. The inequality of income is not limited to only a specific age group (Harrison & Bluestone 125).

Since the mid-1960′s through the 1990′s, Americans have been getting poorer and poorer. More family members entered the work force in order to increase or sustain real income purchasing power. As a result of these actions, profit margins rose steadily, yet average wages for families has decreased or at best has somewhat frozen in place.

Final Word

Deregulation under Carter and Reagan opened the industries of steel, automotive, carpenters, and trucking to what Geoghegan called gypsies – small owner operators (Geoghegan 139). Yet, no real credible argument has been made that the Reagan years did anything to improve the equality of income distribution. As Geoghegan puts it, the Taft-Hartley led to union busting.

To better compete in a global economy, US industries adopted a program of “restructuring”. Reaganomics, in effect, was a program to strengthen business and industry while weakening the power of organized labor, reduce federal spending on other than military programs, reduce taxes, and regulatory abatement. The richest 20-percent received $5,600 more per year in 1986, than they would have based on 1968 monetary values (Harrison & Bluestone 131). This article will discuss one particular facet of the Reaganomics debate; the issue of inequality in income distribution in America as a result of a turn-around in government policies combined with corporate restructuring.

From 1969 – 1980 (prior to Reaganomics) wage cuts and freezes were “practically non-existent” (Harrison & Bluestone 39). With the weakening of organized labor by deregulation, businesses began experimenting with organizational changes to include work, labor, management relations, and flexible arrangements with employees, subcontractors, otherwise known as corporate restructuring.

Social deregulation, as described by Harrison and Bluestone, was a true innovation of the Reagan Administration. This was more than $1,740 less than they would have received based on 1968 income levels (Harrison & Bluestone 131). Families filing chapter 13 of the Bankruptcy Code grew from an average of less than 39,000 per year (1975-1980) to almost 95,000 a year (1981-1984) (Harrison & Bluestone 152).In effect, most Americans during the Reagan Years went into debt. The groundwork for Reaganomics policies was put in place well before his time.

The total amount borrowed by consumers nearly doubled between 1981 and 1986, from $394 Billion to $739 Billion. production employment. Union bureaucracy began to rival that of the federal and state court systems (Geoghegan 86-7).

Creative wage reduction programs such as the two-tier pay system and conversion of a percentage of full-time employees to contingency labor employees (part-time and temporary employees) or a combination of methods became (and are still) the normal practice. The program included freezing the minimum wage and shifting against federal protection of workers’ rights and unions. After 1980, the purchasing power of lower-class wage earners through middle-class wage earners degraded throughout the period

Professional Gambling Blog and How to Beat the Casino

That’s a common myth that is often perpetuated to encourage reckless gambling. As a gambler, it is your job to acquire as much knowledge and skill about any [...]

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How to win at gambling

July 9, 2014 by Greg Elder

Gambling has long been associated with “Lady Luck.” Lucky people win money when they gamble, unlucky people lose. Gambling without knowledge most often leads to financial loss

Rachel Fox Earns Spot on Seventeen Magazine’s Power Teens List as Day-Trading Actress

If you’re curious about something, just let that drive you and just go with it,” Fox said. I had the skill of managing money….”

So Fox began trading with her own money that she made from acting. So, being a young investor, actually, has huge advantages and nobody even knows about that because pop culture and, you know, all the things that influences certain companies to do very well, is right at your fingertips.”

“… “… how they IPO on the stock exchange. you can often take that information and kind of, arbitrage it before Wall Street [knows about it]. With other investments, I will definitely pay attention to what’s going on in pop culture a lot … “Just let the enthusiasm take you ’cause that’s what I did and I was like … ‘There’s no females in this industry or this world, but I’m gonna do it anyway.’”

“When I was 16 I was like, I understand a lot about, you know, companies,” the “Desperate Housewives” actress told “Good Morning America” co-anchor Amy Robach. In her very first year of day-trading, Fox’s returns beat the S&P 500.. When Rachel Fox is not appearing on TV and in movies, the 19-year-old is keeping busy as a stock day trader at her computer — a skill that’s earned her a spot on Seventeen magazine’s Power Teens list.

Fox writes about all that she’s learned on her blog, “Fox on Stocks,” with the hope of helping others improve their financial literacy.

“I have a couple different strategies,” she said. I had this understanding and know-how. “And ..