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Last season’s record revenue for Major League Baseball translates into all-time-high valuations for its teams. By Mike Ozanian and Justin Teitelbaum T he eroding economics of regional sports networks made little difference: Major League Baseball teams are still hot assets. Before Arte Moreno pulled the plug on selling his Los Angeles Angels in January, he would have gotten at least $2.7 billion, or $280 million more than the MLB record $2.42 billion that Steve Cohen paid for the New York Mets in 2020, according to people familiar with the sale process. The average MLB team value is up 12% this year, to $2.32 billion. During the 2022 season, revenue (net of stadium debt service) increased 7.8%, to an all-time high of $10.3 billion. The top-line gain was driven by a 64% increase in ticket revenue (including postseason and spring training), to $2.4 billion (the 2021 season started with nearly all ballparks under capacity restrictions) and a 35% increase in … [Read more...] about Baseball’s Most Valuable Teams 2023: Price Tags Are Up 12% Despite Regional TV Woes

Let’s take a look at ten fascinating facts about Ireland’s favourite sport, hurling. Hurling is Ireland’s national sport, played and enjoyed by millions all over Ireland and around the world. It’s a fascinating sport like no other that has been around for thousands of years. In fact, it dates back to 1200 BCE. Hurling is an integral part of Irish identity and culture. If you have a keen interest in Ireland and Irish history, then this article will be of significant interest to you. Let’s take a look at some interesting facts about hurling. 1. It’s one of the world’s fastest ball games. The first fun fact about Ireland’s favourite sport is that it is one of the fastest ball games in the world . Hurling involves a hurl (the bat) and a sliotar (the ball), and the fastest hit ever recorded was back in 2014 during the All-Ireland senior Hurling Championship semi-final when Kilkenny marksman TJ Reid struck the ball at a whopping 181.1 km p/h (112.5 miles p/h). 2. … [Read more...] about 10 facts About Ireland’s favourite Sport, hurling

Share to Twitter Share to Linkedin Income tax rate reduction and flattening, along with the expansion of school choice, are among the most consequential policy trends of the early 2020s. However, there is another policy trend emerging that, like income tax relief and greater educational choice, is making states more attractive to workers and employers. That trend is the push by policymakers to remove or mitigate the barriers to employment that state occupational licensing requirements have become. On Tuesday, March 21, Florida legislators will hold a hearing on Senate Bill 1364, legislation to recognize out-of-state occupational licenses held by new residents so that they can get to work and begin earning income in their new home state right away. If this reform, known as Universal License Recognition (ULR), is passed by legislators in Tallahassee and signed into law by Governor Ron DeSantis (R) this spring, Florida would become state number 22 to enact ULR. … [Read more...] about Barriers To Employment Fall With The Rise Of Out-Of-State Occupational License Recognition

Share to Twitter Share to Linkedin Topline TikTok CEO Shou Zi Chew faced intense questioning from lawmakers in his first hearing before Congress Tuesday morning, defending the popular social media app and insisting it protects U.S. user data from foreign interference, though House members from both sides of the aisle remained skeptical of TikTok's plans as the Chinese-owned platform fights against a possible U.S. ban or forced sale. Key Facts Rep. Cathy McMorris Rodgers (R-Wash.)—chair of the House Energy & Commerce Committee—asked about spying and surveillance on U.S. users by TikTok, which is owned by Beijing-based tech company ByteDance, but Chew said he "disagrees with the characterization" that the social media platform is spying on American users and said TikTok is “committed” to protecting U.S. data from foreign access. Chew claimed in his testimony that he has “seen no evidence” of Chinese government officials accessing U.S. user data, … [Read more...] about TikTok CEO Spars With Congress Amid Growing Calls For Ban—As Lawmaker Calls Privacy Claims ‘Preposterous’

Share to Twitter Share to Linkedin Topline A group of progressive Democrats led by Rep. Jamaal Bowman (D-N.Y.) are among the first lawmakers in Congress to express their support for TikTok, despite growing bipartisan efforts to ban the popular social media app, amid concerns that an outright ban could lead to a backlash from the app’s most prominent users—Gen Z. Key Facts Bowman was the first major lawmaker in Congress to speak out in support of TikTok earlier this week, criticizing efforts to ban the app as “fear mongering” and suggesting it was fueled by “xenophobia around China.” In a recent video posted to his nearly 160,000 followers on TikTok, Bowman argued that banning the platform won’t solve any problem and said “comprehensive legislation” was instead needed to ensure social media user data is kept safe. The New York Democrat, who is a member of the progressive coalition known as the “Squad,” has since been joined by two other … [Read more...] about TikTok’s Potential Ban Faces Opposition From Some Democrats Amid Concerns It Could Cost Them Gen Z’s Support

PHUKET: Police have arrested a Taiwanese man who was found in the illegal possession of bankbooks and ATM cards for 12 Thai bank accounts opened by local residents. Chen Yu-Chung, 34, was arrested on Saturday, after a tip-off from a Phuket tuk-tuk driver, who told police that he was paid 6,000 baht to open a bank account in Patong. “The 47-year-old tuk-tuk driver, Suwaroj Kaebutr, said that he had heard of this type of thing before,” said Col Sutthichai Tianpho of the Patong Police. “He said it didn’t feel right, and that he had heard of foreign criminal gangs paying local people to open bank accounts for them.” Related news Tour bus crash on Patong Hill seriously injures driver 8 hours ago Robust Phuket tourism numbers in Q4 last year and high winter season set the stage for recovery by year-end 13 hours ago Mr Suwaroj met Mr Chen last Thursday and handed over the bankbook and ATM card for the account he was paid to open. Police … [Read more...] about Taiwanese “bank account mule’ arrested in Patong