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Economic Impact
October 21, 2015
Lou Michels is in-studio talking Cubs, the economy and more. Special guest, Rob Baade, Professor of Economics at Lake Forest College, joins us to discuss the economic impact professional sports teams and stadiums have on their respective cities. Finally, David Andalman of PTI Securities & Futures talks earnings and tells us how to trade these markets.
Articles Referenced
The Chicago Bliss sells tickets and wins championships, but its players are unpaid
Jim Chanos Nails the Link Between Debt and Energy
Economic impact of Cubs in the playoffs? Almost nothing
John Oliver of HBO’s “Last Week Tonight” turned to Prof. Rob Baade for input on how “dumb” it is for cities to finance sports stadiums.
Guests & Co-Hosts
Lou Michels
Lou Michels is an employment and sports law attorney with a national law firm, who is also an NFL player agent. He joins the Stocks & Jocks show every Thursday morning from Denver, Colorado. Lou represents companies and individuals in dealing with workplace problems ranging from labor union and discrimination cases to employment contracts and trade secret disputes. He played football at Air Force, and graduated from Duke Law School, where he developed an appreciation for college basketball. He is a retired Air Force lieutenant colonel. Lou grew up in Winnipeg, Canada, and Minneapolis, where his father was a professional football coach for the Minnesota Vikings for almost 30 years. Read more.
Robert Baade
Robert Baade is a Professor of Economics at Lake Forest College in Lake Forest, Illinois. He specializes in International Trade, International Finance, Macroeconomics, Public Finance and The Economics of Sport. Professor Baade has had articles featured in the Chicago Tribune among other publications and was recently featured on HBO’s “Last Week Tonight with John Oliver”.
David Andalman
Technical Analyst, DACS Research, PTI Securities & Futures
David Andalman joins the Stocks & Jocks show every Monday and Wednesday morning. He was born and raised in Chicago, Illinois and earned his bachelor's degree in Engineering from the University of Illinois, and then his MBA in Finance and Marketing from Indiana University. David traded for a year at the MidAmerica Commodity Exchange before starting the DACS Research Newsletters on commodity futures, which were the first all-technical research newsletters at the CME. Currently, he has been a senior wealth manager and portfolio strategist for over 23 years. He holds registrations in Series 3, 4 (Options Principal), 7, 55, 63 and is a registered Commodity Trading Advisor. Read more.
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