Brad "Pencil Necked Geek" Humphreys
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bradhumphreys.bsky.social
Brad "Pencil Necked Geek" Humphreys
@bradhumphreys.bsky.social

Economist. "He's an impediment to Civic Progress" - Patrick La Forge, Edmonton Oilers President
https://bradhumphreys.faculty.wvu.edu/home

Economics 54%
Sociology 12%

First Brandy Alexanders of the holiday season.

Reposted by Brad R. Humphreys

The $25 million econ impact is nonsense concocted by project supporters, yet it's repeated in the "news" story as if it's a reasonable expectation. This is a major reason why such boondoggle projects continue to be approved. Journalists *have* to do better than this. @wxyzdetroit.bsky.social

Reposted by Brad R. Humphreys

The Detroit city council approved $88m in tax breaks for a Detroit City FC soccer stadium; WXYZ reported that the project "is expected to generate $25m in annual economic impact," no source given or needed, nobody would make up a number like that, right?
Friday roundup: This Is So Dumb edition
For U.S. Thanksgiving week, let's take a moment to give thanks for the continuing gift of having lots of stupid to laugh and point at. We are truly in the golden age of laughing and pointing, which is...
www.fieldofschemes.com

🤦‍♂️
"Runctitiononal features"? "Medical fymblal"? "1 Tol Line storee"? This gets worse the longer you look at it. But it's got to be good, because it was published in Nature Scientific Reports last week: www.nature.com/articles/s41... h/t @asa.tsbalans.se
"Runctitiononal features"? "Medical fymblal"? "1 Tol Line storee"? This gets worse the longer you look at it. But it's got to be good, because it was published in Nature Scientific Reports last week: www.nature.com/articles/s41... h/t @asa.tsbalans.se

Reposted by Brad R. Humphreys

Based on what I am reading here, Denver Mayor Mike Johnson may be in the running for the dumbest mayor of a major US city.

Way to signal an absolute zero intent to negotiate a decent deal for Denver taxpayers.

www.cbsnews.com/colorado/new...
Mayor Mike Johnston says he won't let Denver Summit FC's soccer stadium be built in another place: "Over my dead body"
Mayor Mike Johnston says he's going to do everything he can to keep the Denver Summit FC stadium in the city.
www.cbsnews.com

Reposted by Brad R. Humphreys

doi.org

Reposted by Brad R. Humphreys

✨New Article ✨
What determines an individual's willingness to pay for top sports teams? In a new open-access article, Jaume Garcia, Fernando Lera-Lopez, Jose Manuel Sanchez-Santos, and Maria Jose Suarzez find that social trust and civic pride drive WTP.

Reposted by Brad R. Humphreys

It's a bad sign when an elected leader pledges his life to ensure that the government will undertake an ill-fated boondoggle project.
Mayor Mike Johnston says he won't let Denver Summit FC's soccer stadium be built in another place: "Over my dead body"
Mayor Mike Johnston says he's going to do everything he can to keep the Denver Summit FC stadium in the city.
buff.ly

Unbelievable

Unbelievable end to this match. All time great performance for Caldera.

PS: COBOL is a programming language not an operating system. Should be in COBOL not on.

I learned to code in COBOL as an undergraduate in the early 1980s.

“a 40-year-old computer system running on COBOL.” WTAF 🤦‍♂️
NEW: Mississippians still have not received their full SNAP benefits more than a week after the government shutdown ended due to problems with a 40-year-old computer system running on COBOL.

And there is no guarantee they'll get them before Thanksgiving—or even by December.
Mississippians Still Waiting on Full SNAP Benefits
Mississippi SNAP recipients are still waiting for full payments more than a week after the government shutdown ended due to technical issues.
www.mississippifreepress.org

Reposted by Brad R. Humphreys

NEW: Mississippians still have not received their full SNAP benefits more than a week after the government shutdown ended due to problems with a 40-year-old computer system running on COBOL.

And there is no guarantee they'll get them before Thanksgiving—or even by December.
Mississippians Still Waiting on Full SNAP Benefits
Mississippi SNAP recipients are still waiting for full payments more than a week after the government shutdown ended due to technical issues.
www.mississippifreepress.org
If you use GMail, AI (Gemini) was turned on yesterday by default and now scans all of your content for machine learning. To turn off, go to Settings>General and scroll down. Uncheck the box for "Smart features."

There's other "Smart" add-ons as well, but that's the one that reads your content.

Reposted by Brad R. Humphreys

The biggest case of corporate welfare. This culture of taxpayer funded arenas in North America has got to stop. SA, Bexar County and the state are running a sham.

🤦
Adding $500m in infrastructure bonds for the Spurs arena would bring the total to $1.3B, by far the largest arena subsidy in history, to replace a venue that is the 11th-newest in the NBA, in a city already dealing with staffing cuts to balance its budget.
Spurs arena subsidy could reach $1.3B, setting new NBA record for taxpayer money
One of the standard items in the stadium campaign playbook is "moving the goalposts" — setting a target for public funding, then once you get it, asking for more on top. It's a tactic that goes back w...
www.fieldofschemes.com

People who send links to Zoom meetings with no calendar invitation should be beaten with sticks.

Reposted by Brad R. Humphreys

Adding $500m in infrastructure bonds for the Spurs arena would bring the total to $1.3B, by far the largest arena subsidy in history, to replace a venue that is the 11th-newest in the NBA, in a city already dealing with staffing cuts to balance its budget.
Spurs arena subsidy could reach $1.3B, setting new NBA record for taxpayer money
One of the standard items in the stadium campaign playbook is "moving the goalposts" — setting a target for public funding, then once you get it, asking for more on top. It's a tactic that goes back w...
www.fieldofschemes.com

Yes. General benefit in higher education.

Reposted by Brad R. Humphreys

Also: "Dr. X, editor in chief of the journal Headache". I have plenty of journal Headaches. Glad I'm not the editor of that journal 😀

Interesting article. This seems crazy to me: 'Letters to the editor published in scientific journals are listed in databases that also list journal articles, and Dr. Rubin said that “they count as much as an article.”' (free article)

www.nytimes.com/2025/11/04/s...
The Editor Got a Letter From ‘Dr. B.S.’ So Did a Lot of Other Editors.
www.nytimes.com

Pascal Courty at UVic has done some interesting work on resale markets. I’ll track down an undated copy.

No. Raising the face price will just reduce demand in the primary market (between the team and the original buyers). Restricting resale of anything with a secondary market (tickets, art, vintage cars, etc.) reduces consumer welfare.

Reposted by Brad R. Humphreys

Reposted by Brad R. Humphreys

Ungated link the paper: authors.elsevier.com/c/1m5S53IvSG...

Reposted by Rodney Fort

Link to an ungated version of the paper

kwnsfk27.r.eu-west-1.awstrack.me/L0/https:%2F...
kwnsfk27.r.eu-west-1.awstrack.me