The Tiger chasm defined

sho_logo2.jpgmasters100.gifThe television numbers are in on the just-completed Masters Golf Tournament. CBS Sportsí coverage of the tournament on Easter Sunday earned an average overnight household rating/share of 9.1/21 (meaning that 9.1% of households on average were tuned in at any given moment and 21% of all televisions in use at the time were tuned into the Masters). This yearís final-round rating/share was up 1% from last yearís 9.0/19 when Phil Mickelson won his second Masters title and it was also up 25% from the last time the final round was played on Easter Sunday (7.3/18), when Mickelson won his first green jacket and first career major title in the 2004 event.
Meanwhile, the Shell Houston Open, which was played just a week ago, had a 1.7 share for its NBC telecast on Sunday compared with 2.2 share for the SHO’s May date last year on CBS. Even the BellSouth Classic — the tournament that that the SHO replaced this season on the PGA Tour calendar — was able to generate a 2.5 share on Sunday last year.
So much for the thought that the SHO’s new date a week before the Masters would increase viewership of the tournament. The Shell Houston Open has now officially entered the Tiger chasm.

Speedy treatment of heart attacks

heart.jpegThis Gina Kolada/NY Times article examines one of the most underappreciated aspects of treating heart attack victims — the importance of speedy treatment:

Studies reveal, for example, that people have only about an hour to get their arteries open during a heart attack if they are to avoid permanent heart damage. Yet, recent surveys find, fewer than 10 percent get to a hospital that fast, sometimes because they are reluctant to acknowledge what is happening. And most who reach the hospital quickly do not receive the optimal treatment ó many American hospitals are not fully equipped to provide it . . . [. . .]
What few patients realize . . . is that a serious heart attack is as much of an emergency as being shot.
ìWe deal with it as if it is a gunshot wound to the heart,î Dr. [Elliott] Antman [director of the coronary care unit at Brigham and Womenís Hospital] said.
Cardiologists call it the golden hour, that window of time when they have a chance to save most of the heart muscle when an artery is blocked.
But that urgency, cardiologists say, has been one of the most difficult messages to get across, in part because people often deny or fail to appreciate the symptoms of a heart attack. The popular image of a heart attack is all wrong. [. . .]
[M]ost people ó often hoping it is not a heart attack, wondering if their symptoms will fade, not wanting to be alarmist ó hesitate far too long before calling for help.
ìThe single biggest delay is from the onset of symptoms and calling 911,î said Dr. Bernard Gersh, a cardiologist at the Mayo Clinic. ìThe average time is 111 minutes, and it hasnít changed in 10 years.î

Read the entire article, which is a good overview of the early warning signs to look for in diagnosing a heart attack. Heck, even this cool customer is at elevated risk of having one.

Washington’s biggest business

money2.jpgThe Washington Post has just concluded this 27 installment series over the past couple of months on lobbying in Washington, D.C. Although not particularly analytical in terms of evaluating the costs and benefits of lobbying, the series is well worth reading as a thorough review of the enormous growth of the business over the past generation. The following is from the final installment:

As the reach of the federal government extended into more corners of American life, opportunities for lobbyists proliferated. . . Over these three decades the amount of money spent on Washington lobbying increased from tens of millions to billions a year. The number of free-lance lobbyists offering services to paying clients has grown from scores to thousands. [Lobbyist Gerald S.J.] Cassidy was one of the first to become a millionaire by lobbying; he now has plenty of company.
The term “lobbyist” does not do full justice to the complex status of today’s most successful practitioners, who can play the roles of influence peddlers, campaign contributors and fundraisers, political advisers, restaurateurs, benefactors of local cultural and charitable institutions, country gentlemen and more. They have helped make greater Washington one of the wealthiest regions in America.

The entire series is here.

Zach Johnson wins The Masters

johnson.jpgIt’s not every day that a fellow born in my hometown of Iowa City and raised in Eastern Iowa wins a professional golf tournament, much less the the Masters Golf Tournament. But Zach Johnson pulled it off in dramatic fashion on Sunday, holding up wonderfully under the enormous pressure of a draconian Augusta National Golf Course and the challenges of several other contenders, including Tiger Woods, who has now played nine consecutive rounds at The Masters without shooting in the 60’s.
Despite Johnson’s splendid play, the Guardian’s Lawrence Donegan summed up the view of most toward the changes that have been made at Augusta National:

The stunning climax came after three days peppered with double bogeys and broken spirits. Fortunately, the gentlemen in green blazers remembered their tournament has earned its place in folklore because it has long been a byword for excitement. But there are precious few thrills to be mined from the sight of the world’s best players fearfully plotting their way round the course as if walking to their own funeral party.
So when play began yesterday morning it quickly became clear everything possible had been done to bring the scoring down. Tees had been pushed forward, the greens had been heavily watered and the pin positions were about as friendly as a Labrador puppy. The overnight changes had the desired effect. For the first time all week cheers echoed along the alleyways and canyons of Alister Mackenzie’s classic links.

By the way, Johnson uses a pure one-plane swing, much like Ben Hogan‘s classic swing that defined quality ball-striking in the modern era of golf. Thus, as with last year’s U.S. Open, the player with the purest one-plane swing held up the best under the intense pressure of the final round of The Masters. As usual, there is a Houston connection to the understanding and teaching of that swing.

The real presumption in the Conrad Black trial

mark_steyn.jpgAs I noted many times in regard to the criminal trial against former Enron executives Jeff Skilling and Ken Lay, the real presumption in the case was not the usual presumption that the defendants were innocent until proven guilty. Rather, the real presumption in the trial was that Skilling and Lay were rich, Enron went bust and investors had big losses, so Skilling and Lay must be guilty of some crime.
Well, Mark Steyn is noticing the same dynamic in his most recent blog post on the criminal trial of Conrad Black:

A lot of my chums on the media benches remain convinced Conrad Black is guilty of something. Itís just that, with every day the prosecution presents its case, itís getting harder and harder to say of what. Mr Sussman, the boyish charmer on the government side, dutifully refers to the defendants as ìco-conspiratorsî, but for a good conspiracy you have to have someone to conspire against. And, with each prosecution witness, it seems clearer that just about everybody was in on this conspiracy. . . .
As is crushingly obvious, almost everyone connected with these non-competes in any way approved them, disclosed them, filed the paperwork in triplicate. Either everyone is guilty or no one is, but arguing that only these four should swing for it is becoming increasingly absurd.

Which is one of the key reasons why such a case should be in the civil justice system, which is better equipped than the criminal justice system to allocate liability among multiple defendants. Steyn also notes the perverse effect that the adoption of widespread plea bargaining in the criminal justice system generally has on white collar criminal cases in particular, a point that was noted earlier here. Finally, that conspiracy in the Black trial sure sounds a lot like the ephemeral one involved in the Lay-Skilling case.

Wolfowitz at the World Bank

Wolfowitz.jpgThis New Yorker profile provides some interesting information on influential neo-con and World Bank president Paul Wolfowitz and also on the work of the World Bank, which is not well-understood generally. Definitely recommended reading.
By the way, did you know that Wolfowitz taught himself Arabic in the 1980’s while working at the State Department, and that he also speaks French, German, Hebrew, and Indonesian?

“Turning a masterpiece into a brute”

Tiger%20frustrated.jpgIt’s the always-anticipated day of the final round of The Master’s Golf Tournament, not everyone is sanguine about the fact that Stuart Appleby’s one-over-par 73 on Saturday allowed him to take a one-shot lead over Tiger Woods and Justin Rose at two-over par 218, which is the third-highest round lead in the history of the Masters. The Guardian’s Lawrence Donegan characterized the conditions on Friday in a fitting manner:

“As sporting drama goes, this was a bit like Laurence Olivier being acted off the stage by the grave diggers.”

The description was equally applicable to Saturday as the golfers struggled to make pars, much less the birdies and eagles that have made the Masters such an exciting tournament over the years. Donegan goes on to describe the renovated course, which another sage called “a golfing Zimbabwe” earlier in the week:

There is no disguising the fact that radical changes to Augusta in recent times, coupled with the bone hard conditions of this week, have turned Alister Mackenzie’s ageless masterpiece into a brute. Some, like Woods, used diplomatic language when asked for their opinions (“It’s a totally different course…[with ] about 500 extra yards, a billion trees and rough “).

Lorne Rubenstein gets into the act and notes how the lengthening of the par 5 15th hole has drained the drama from the hole:

Much of the confusion is gone because the hole was lengthened last year to 530 yards from 500. Too many players lay up now, which accounts for the much quieter environment among spectators in the area. They, and the golfers, used to hold their collective breath while a ball was in the air. What was its fate? The hole has almost turned into a par-3 because the tee shot and the lay-up have become routine. The third shot matters the most now, not the second.

Finally, don’t miss this Nick Seitz/Golf Digest article on the 1956 Master’s, which heretofore has been known as “the toughest Master’s ever.” The winner of that ordeal? None other than Houstonian Jack Burke.

“I’m a Texan, but . . .”

gillispie-billy-mug.jpgThis post from a couple of weeks ago observed the following about then Texas A&M University basketball coach Billy Gillispie:

. . . Aggie basketball coach Billy Clyde Gillispie is the toast of Aggieland and he is getting noticed nationwide. This NY Times profile does a good job of describing this somewhat peculiar character — a pure Texas gym rat basketball coach in the middle of football country. Although Kentucky is now looking for a new coach, my sense is that they need not bother calling Gillispie, who appears to be quite comfortable in Aggieland.

Well, that was two weeks ago. Yesterday, good ol’ boy Billy Clyde’s strong affinity for Texas evaporated under the heat of a $16 million contract that the University of Kentucky threw at him. No word on whether a horse farm was thrown into the deal for good measure.
Gillispie’s decision to leave emerging basketball power Texas A&M for Kentucky is understandable, given the money and UK’s legacy in college basketball. But one has to wonder whether Gillispie is making a wise move from a career standpoint. At A&M, he would always be the man that transformed the basketball program into the top-tier of major college basketball and soon would have all the resources that UK offers. Moreover, things have changed over the past decade or so in the college basketball landscape — Kentucky is no longer the dominant force that it once was. Perhaps Gillispie can return UK to its glory days, but the program is running behind two programs — Florida and Tennessee — in its own conference, and neither of the coaches at those programs appear to be going anywhere soon.
Finally, channeling the absurdity noted in the previous post from yesterday, UK would have paid even more for its new coach than the $16 mil that it is doling out to Gillispie — Billy Clyde was UK’s third choice (after Florida’s Billy Donovan and UT’s Barnes)!
Update: The Chronicle’s John Lopez reports that A&M’s loss of Gillispie may have been the result of A&M AD Bill Byrne’s inept handling of the situation.

The connection between coaching salaries and making book

ncaa-logo2.jpgThe questionable nature of the NCAA’s regulation of intercollegiate athletics has been a frequent topic on this blog, and two recent posts point out a couple of the perverse effects of that regulatory scheme.
First, in this Sports Economist post, Berri points out that the exorbidant salaries being paid to coaches at the top levels of college football and basketball are a direct result of the NCAA’s regulation of player compensation:

The research of Robert Brown and Todd Jewell indicates that a future NBA first round draft choice will generate more than $1 million in revenue each year in college (and this was based on data from 1996, so the $1 million figure understates the revenue generation occurring today). Clearly this sum greatly exceeds the cost of a scholarship. Because the NCAA does not compensate the players for the money being generated, this money has to go elsewhere. It seems reasonable that much of this money is currently flowing into the pockets of the coaches. But if the players were paid, the money would not be available to the coaches, and consequently wages paid to coaches would decrease.

Meanwhile, in this Wages of Wins post, Stacey Burke points out that the NCAA’s restriction on player compensation also promotes point-shaving, even at such remote outposts as the University of Toledo!:

I think it is a shame that any player (college or pro) shave points or fix games, but the real shame is on the NCAA. College athletes ñ like menís basketball and football ñ who generate large sums of money for their schools are not receiving a salary for their time and effort. This lack of payment occurs so that the NCAA can maintain the appearance that college games are amateur contests. Who does the NCAA think they are fooling? If the NCAA was willing to allow paying college athletes this would substantially reduce the incentive of point shaving.

Again, for decades, university presidents have been easy money for the owners of professional football and basketball teams, who have foisted the risk of capitalizing a minor league system for developing players on the colleges. This appears to be changing somewhat in basketball, where several minor professional leagues are now competing with the colleges for players. But the situation is not going to change for good until the colleges do one of two things — either embrace professional sports and manage the AAA minor league teams as owners do in the baseball minor leagues or convert intercollegiate football and basketball to the college baseball model and force the owners of professional football and basketball teams to capitalize their own parallel minor league systems.
Frankly, I don’t really care which approach the university presidents choose. I just want them to get on with it by showing the courage and leadership to turn their back on the antiquated hyprocrisy of the currently bloated NCAA regulatory scheme.

Metro Development Corp.

metroraillogo10.gifKevin Whited over at blogHouston.net picks up on the latest boondoggle of the Metropolitan Transit Authority — providing kickstart financing for a couple of blocks of commercial property along the Metro light rail line in Midtown.
The entire deal is really preposterous for a transit authority to be getting into. Metro bought the blocks from the developer for $7.2 million with “the expectation” that the developer is going to buy the blocks back and build a bunch of condominiums (in an already overbuilt market) that will supposedly house 1,000 happy light rail riders. According to the developer, everything is really O.K. because — get this logic — it could have been worse!:

[Developer Robert H.] Schultz said Metro may join in developing a parking garage on the site that could be used by rail riders but that the agency chose not to invest in other parts of the project.
“They didn’t want to extend that kind of money. They wanted to be much more conservative until they could see this thing was going to happen,” he said.
[Metro real estate vp Todd] Mason agreed, saying, “Metro does not want to be a developer and take on a lot of risk, but we want to be an enabler of projects like this one.”

As noted earlier here, Metro isn’t good enough in doing what it was chartered for to be taking flyers on financing speculative real estate deals. Where is that type of activity described in Metro’s charter?