Thursday, March 15, 2018

Papa John's

Papa John's
Masen Beatty

The founder of Papa John’s, John Schnatter was fired a few weeks ago. This happened because two months after the sales in Louisville started to decline he blamed it on NFL player protest which occurred during the national anthem. The owner John claimed that his comment were heavily influenced by the Dallas Cowboys owner Jerry Jones, this way Jerry could put more pressure on Roger Goodell the NFL Commissioner. Jerry Jones goal is to have Goodell removed as commissioner. During a conference about Papa John’s earnings Schnatter's comments that were made were constructed as racist, since the protesters in the NFL are predominantly African American. This lead to the stock price for Papa John's to decline.

The company’s stock plummeted and many people went to sell their shares only thinking the price would continue to fall. Papa John’s apologized later saying Schnatter’s comments were not meant to offend people. Also the company said that it supports the NFL players movement to create a change. A few months after Schnatter had to step down as head of the company and Papa John’s was let go of by the NFL, shortly after Pizza Hut became the official pizza of the league.

The company now has more than 5,000 locations and owner John Schnatter is preparing to leave. The pizza chain’s stock has decreased 5 percent since the comments by Schnatter were made about the protests. SInce the beginning of 2017 the stock has dropped 30 percent. This has reduced much of the income for the company and decreased the company by close to $84 million.

Works Cited
Boren, Cindy. “Peyton Manning Dumped His Stake in Denver Papa John's Two Days before the Company Split with NFL.” The Washington Post, WP Company, 7 Mar. 2018, g g g g g g g gb b b b b b ba a a a a a a a a a a a a a a a a a a a a a a a a a a a a a a
“Papa John's Drops after Killing Its Sponsorship Deal with the NFL (PZZA) | Markets Insider.” Business Insider, Business Insider, a a a a a a a a a a a a a a a a a a a a a a
Patton, Leslie, and Jonathan Roeder. “Papa John's to End NFL Deal as New CEO Confronts Sluggish Sales.”, Bloomberg, 27 Feb. 2018,
Rovell, Darren. “Papa John's, NFL Make 'Mutual Decision' to End Sponsorship Deal.” ESPN, ESPN Internet Ventures, 27 Feb. 2018,
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The Science Behind Streetwear

The Science Behind Streetwear
Nathan Warner

Streetwear clothing brands are very popular in modern day culture. You can see it all around you. It has taken over a lot of modern day fashion and those that are interested in this type of thing sometimes develop a cult-like obsession and following for these companies.
Streetwear is a type of clothing that is really appreciated for it’s often times risky approach to fashion that a lot of people may not understand. And this is part of the appeal. Because of the exclusiveness of brands such as Supreme, Gucci, Palace, Off White and many others there is a certain pride that owners of clothing from these brands have. Many of the products sold by these companies are in very little supply in comparison to the amount of fans that wish to buy them.
Some brands such as Supreme have been known for raising their prices to nearly unthinkable prices for what is estimated for cost of production. Supreme is now a billion dollar company while still collaborating with low end companies such as Hanes. But because Supreme has their name on it they can mark it upwards of 300%. And now a very similar pair of underwear that you can get at Walmart in a pack of 3 for $10 or $15 now costs nearly twice the price.
The ultimate question is “Is it worth it”. This is the only thing that really ultimately matters when determining if you are going to buy that $200 jacket or just stop at Walmart and pick one up for a quarter of the price. As I mentioned before there is somewhat of a cult following for
brands like this. And these brands could probably never charge too much that their adoring fans wouldn’t help them sell out. But as far as the general population goes, there is no real benefit in overspending on brands like these. Unless you want to spend your entire paycheck so that your shirt can match your pizza, I would stick to spending elsewhere.

2017, Hanan Haddad 26 July. "Why Are People So Hyped Over Streetwear Brand, Supreme?" Harper's Bazaar Singapore. July 26, 2017. Accessed March 13, 2018.

Wolf, Cam. "Supreme Is Now a Billion-Dollar Streetwear Brand." GQ. October 09, 2017. Accessed March 13, 2018.

"Revolutionary" Revenue

“Revolutionary” Revenue
Lydia Heinen

Whether you spend your time listening for hours on end to the hit musical “Hamilton” or not -- odds are you have heard of the “revolutionary” production.  Creator Lin Manuel Miranda took a seemingly boring subject that should be left to history textbooks and created a musical masterpiece that has been breaking the charts since its release in August of 2015.  Theatre productions, especially musicals, are usually lucky to have more than a six month run time, yet Hamilton has managed to run strong since its release, and is well on its way to becoming a billion-dollar musical.  Also, it’s on track for a twenty city tour around the United States.  The real question is: how did they do it?  How does the show manage to run strong, consistently selling out theatres with tickets sometimes going for over $1,000, and why do tickets cost that amount?  How is Hamilton, a musical about a historical figure, such a success?

To start, Hamilton from the beginning had success on its side because of the creator: Lin Manuel Miranda.  Before writing Hamilton he wrote the hit musical “In The Heights” which received four Tony Awards and had had revenue over $100 million.  Lin Manuel’s soundtrack for Hamilton gained initial popularity after performing it at the White House for President Obama.  From there demand took the reigns.  Supply was never able to quite meet the demand for tickets to see the show.  As consumer tastes increased for the musical, demand increased, and since theatres can only house so many people per show, the show was granted longer run times to meet the demand.

Since the demand for popular musicals such as Hamilton is so high, ticket prices are very high as well.  Yet, the high ticket prices come with reason.  The cost of production of a musical is extremely exorbitant.  According to the New York Film Academy, the cost of putting on a show is around $2,400,000 along with an additional $300,000 per week.  These prices come from multiple factors, including: physical production, talent fees, rehearsal space fees, salaries, and advertising.  Physical production involves a lot more that what some people think; as shown by the visual, factors such as the illuminating the stage with the 856 lighting cues in Hamilton would immensely raise the cost of production.  Small factors such as regulating temperature, laundry, and maintaining the quality of the costumes easily add up.  This results in ticket prices that are oftentimes very expensive, and the opportunity cost of going to see Hamilton could potentially be paying for groceries for a month; yet many fans will do just about anything to see their favorite musical played on stage.  Although there are many costs to production, like any major business Broadway makes major profits.  As shown by the chart, Broadway continues to make more and more money as the years go by and more and more musicals are created.

In the end, Broadway is a big business; productions such as Hamilton connect people from all over the world.  Prices may be high, but the demand to see such as revolutionary production lives on. 

Works Cited
“No Business like Show Business.” The Economist, The Economist Newspaper, 16 June 2016,
Oswald, Anjelica. “'Hamilton' Tickets Sell for More than $2,000.” Business Insider, Business Insider, 13 Apr. 2016,
Zeke. “Why Are Broadway Tickets So Expensive?” Student Resources, 7 Apr. 2015,

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The Cost of Hosting the Olympics

The Cost of Hosting The Olympics
By: JB Becker

The 2018 Winter Olympics in PyeongChang, South Korea has just come to a close. Athletes all across the world came to compete for the gold, but what trade-offs do the Olympics have on the hosting country?

The first impact on the country’s economy is their bid to host for a given year. For example, Tokyo lost approximately $150 million on its bid for the 2016 Olympics, and spent approximately $75 million on its 2020 bid (Investopedia). Then, once the city wins the bid to host the Olympics, cities commonly add roads, build or enhance airports, and construct rail lines to accommodate the large influx of people. Housing for the athletes in the Olympic village, as well as at least 40,000 available hotel rooms, and specific facilities for the events, must be created or updated as well. Overall, infrastructure improvement costs range $5 billion to $50 billion. When PyeongChang won the bidding of hosting the 2018 Olympics in 2011, their estimated cost spent on building up infrastructure was $7 to 8 billion. Now in 2018, the Olympics were estimated to cost South Korea $12.9 billion.

With the Beijing Olympics in 2008, $40 billion was spent, and only $3.6 billion revenue was generated. After the Olympics, Beijing had a deficit of $36.4 billion. The figure below shows the deficit of recent Olympics. This results in the country needing to increase their taxes until they pay back this debt. In addition, the Bird’s Nest (stadium used for the Beijing Olympics) costs $10 million dollars annually to keep it maintained. Montreal hosted the Olympics in 1976, and they did not pay back their deficit until 2006. After some Olympics, the country does not maintain the buildings and they often go abandoned. (More information about the cost of hosting the Olympics, Video)

In 2009, Rio de Janeiro bid to host the Summer Olympics. At that time their economy was in the midst of one of its best economic times in 50 years. Contrast that with today, where Brazil is in its worst recession since the 1930s. During the process of building the infrastructure, Brazil ran out of money and had to take loans from the government to be able to finish building the arenas. This lead to the government cutting pay for many teachers in Brazil, which caused the teachers to go on strike for three months and resulted in schools being shut down for these months. A big news issue with Brazil hosting the Olympics, was the outbreak of the Zika virus. This virus caused many tourists and athletes to not participate in the Olympics, Rio lost $7 billion in tourism. Some people say hosting Olympics add jobs. In Brazil, the risk of the Zika virus lead Brazil to employ 2000 healthcare professionals to help during the Olympics. Unfortunately, many other host countries hire more employees to help construct the new buildings, yet most jobs are temporary and ultimately do not help the country with unemployment.

So why would any country still want to host the Olympics? There are some benefits to hosting the Olympics. Countries will more people to know about that city. For example, the Sochi Olympics lead to more people wanting to travel there. Other countries use the Olympics as a way to improve their city. London used the Olympics to improve the east side of the country. When New York was bidding, it was a way to get a new stadium for their football team the Jets and Giants.

Overall there is a extremely large negative effect on the hosting country of the Olympics. Most countries lose billions of dollars, and ultimately gain little to no marginal benefits from hosting the Olympics. While they may have received the global attention they desired, they will be reminded of the costs and debts for years or decades to follow.

Works Cited
(, Deutsche Welle. “Is Hosting the Olympics Worth the Cost? | All Media Content | DW | 05.08.2016.” DW.COM,
Allen, Brian. “Rising Cost of Olympics Begs Question: Why Host?” VOA, VOA, 4 Feb. 2014,
CBSThisMorning. “Are Costs of the Olympics Worth It for Host Cities?” YouTube, YouTube, 3 Aug. 2016,
Harress, Christopher. “The Economic Impact Of The Winter Olympics: Not Great For Russia But Sochi Stands To Gain.” International Business Times, 5 Dec. 2015,
“Investment Management Company.” Manning & Napier,
Voa. “South Korea Worried About High Cost of Olympics.” VOA, VOA, 18 Dec. 2017,
Wills, Jennifer. “What Is the Economic Impact of Hosting the Olympics?” Investopedia, 24 Sept. 2016,

Wednesday, March 14, 2018

Is The Stock Market Safe

Cameron Maderski
Is The Stock Market Safe

The stock market makes up a huge part of our economy and most people do not know how it works. The big question behind every investment is always to see if it is safe and that is a big issue with the stock market. When you buy a stock, you're buying a small part of the company. When a company needs some money, it will issue shares. The shares are bought an an initial public offering (IPO). At the IPO the company worth gets estimated and it is then that the price of shares, and how many shares will be issued. The company gets to keep the money raised to help grow its business and pay off loans, while the stocks continue to trade on an exchange.

When you buy stocks you are not just donating money you have the opportunity to make or lose money which is where the risk comes in. Companies will pay shareholders a dividend which is a small cut of the companies profit. The prices of the dividend can vary along with the prices of stocks but it makes sense that a company projected to do well in the future would have shares set at a higher price. Some of the risk in buying stock comes in the fact that you are placing your money on a business in hopes that it does well in the future and if it does poorly
then you can lose some of your investment.             10 Year Daily Chart of the Stock Market          According to Investopedia, dividends can be large or small – or nonexistent (many stocks don't pay them). Investors seeking regular income from their stock market investments tend to favor buying stocks that pay high dividends.

The chart shown is a current model of how the stock market and it clearly shows the stock market crash in 2008. If you look more recently the stock market is doing very well and had a great recovery. In a report written by The Balance they states that a rejected bank payout bill was the final blow needed to crash the market but it had been building for a very long time. U.S. h
omeowners lost a cumulative $3.3 trillion in home equity during 2008, according to a report from Zillow. One in six homeowners is underwater on their mortgage in 2009. The stock market erased $6.9 trillion in shareholder wealth in 2008 (Quora). Now that the risk is clear the question still remains is investing in stock safe. The answer to that is that now is a great time to invest in the economy. With Trump being able to boost the economy in his first year, many are projecting similar trends throughout 2018. Anything can happen and your money won’t stay safe for every but with the economy's condition right now investing in stock has a lot of promise. 

Works Cited
Amadeo, Kimberly. “When and Why Did the Stock Market Crash in 2008?” The Balance,

“Dow Jones - 10 Year Daily Chart.” MacroTrends,

“How Much Money Did Investors Lose in the 2008 Financial Crisis?” How Much Money Did Investors Lose in the 2008 Financial Crisis? - Quora,

Mitchell, Cory. “How the Stock Market Works.” Investopedia, 10 Aug. 2017,

Well. “Can the Stock Market Bull Keep Raging in 2018?” CNNMoney, Cable News Network,

Virtual Reality’s Economic Impact

Virtual Reality’s Economic Impact
Renata Krieger

Since the internet’s dynamic impact on the economy in the late 1990’s, industries are on a continuous search for the newest innovation to improve their businesses. In recent years, virtual reality has gained popularity due to features like no other. Virtual reality allows viewers to observe augmented spaces without leaving their current setting. As technologies continue to transform the economy, virtual reality will play a significant role throughout industries such as retail and education, thus increasing GDP and consumer spending.

    In a classroom setting, for example, virtual reality enhances learning by using the headset as an online school. Additionally, this allows students to collaborate with peers and educators internationally as another form of an online class. As schools and universities allow virtual reality to contribute to their classrooms, the demand for the headsets increase. Predicted by Wired Magazine, the virtual reality industry will experience economies of scale within the next 5 years due to the rapid increase in demand for the headsets.

    Another industry taking advantage of virtual reality's innovating purpose includes retail ranging from clothing to home improvement. One downfall to the convenience of online shopping is not having the ability to try the selections on. However, virtual reality alleviates this problem by creating a virtual avatar in proportion to one’s real body. Online shopping, as well as virtual reality, changes the demand for certain types of jobs. Also, within home improvement stores like Carpet World, an augmented view of customers’ homes is provided by changing wall colors or flooring options. Wired Magazine describes the shift as, “An explosion of wealth that leads to the creation of a massive number of high-tech, good-paying jobs and one of the most prosperous sets of economic conditions in history”. The overall effect could be underemployed workers and discouraged workers in the retail industry as consumers online shop, leaving stores empty, while jobs are thriving in technology. Additionally, the labor force will remain the same during the shift, while the unemployment rate within retail workers increases. On the contrary, the increase in consumer spending and inventory investment through the demand of virtual reality decreases the possibility of a recession.

In conclusion, the virtual reality industry is projected to increase by over 50% between years 2018 and 2020. Statista shows an increase from $12.6 billion dollars in economic impact in 2018 to $29.5 billion in 2020. With this, virtual reality will significantly transform the economy as the internet did in the 1990’s.

Works Cited

Chacos, Brad. “Virtual Reality, One Year out: What Went Right, What Didn't.” PCWorld, PCWorld, 22 Dec. 2016,

Digital, Brian Shuster Utherverse. “Could Virtual Reality Revitalize the Economy?” Wired, Conde Nast, 6 Aug. 2015,

“Global Virtual & Augmented Reality Economic Impact 2016-2020 | Statistic.” Statista,

Is a Minimum Wage Increase Viable?

Is a Minimum Wage Increase Viable?
Written by: Adam Immel

Minimum wage is one of the most polarizing subjects of debate in the United States. While there will always be counter arguments, some believe there are plenty of incentives to an increase in minimum wage that would benefit the people and local communities without damaging. A minimum wage increase would impact the 89% of minimum wage employees that are over the age of 20, which definitely impacts more than teenagers. Additionally, research by the Congressional Budget Office shows that a minimum wage increase to  would also lift 900,000 families (not people) above the poverty line, and drive up the demand for goods. As a result of this, a heightened demand for goods and services, impacting employees with higher wages of whom sell those goods.

The argument to this wage increase is that there are simply too many negative trade-offs for the government and the rest of unaffected Americans to handle.  The same Congressional Budget Office that conducted the previously mentioned research suggested that an increase in minimum wage would result in inflated unemployment numbers, as much as 100,000 employees laid off for a wage increase to $9.00 per hour, and 500,000 employees off of an increase to $10.10. To support this negative, The Law Dictionary suggests that increase in minimum earnings will result in companies raising prices on goods and services to compensate. Essentially, the main argument from the increase naysayers stems from the potential negative effects on small businesses.

From all this information provided, some still make an educated claim that the Federal Minimum Wage in America should be raised somewhat. However, an increase needs to not be drastic (a $7.75 increase to $15), but instead be a gradual increase, or a smaller number, such as $12. Evidence provided by the US Department of Labor suggests that 3 out of 5 small businesses support a minimum wage increase, and doesn’t rule out that the other 2 out of 5 cannot support such an increase. Furthermore,many liberals create the argument centered around the rise of prices on goods stems from the majority of corporate greed, in which maximizing profits is the utmost importance. Such increases in prices could make resemblance to the increase in steel prices in 1962, in which President John. F Kennedy intervened.

Inflation rates suggest that it’s time for a minimum wage increase, as employees have lost about 8.1% purchasing power to inflation, as their wage have not increased. To subdue the arguments by many that minimum wage will benefit mostly minors, some in politics feel it necessary to propose a split age minimum wage, where minors make approximately the current rate, and adults receive a higher wage. With these incentives to make a move more appealing to doubters, many feel it is essential to make this increase effective to further grow our economy and lift hard working Americans out of poverty.

Works Cited

DeSilver, Drew. "5 Facts about the Minimum Wage." Pew Research Center RSS. N.p., 2015. Web. 10 Mar. 2018.

Region/Country, By. "Minimum Wage Mythbusters." United States Department of Labor. N.p., 2015. Web. 10 Mar. 2018.

"The Effects of a Minimum-Wage Increase on Employment and Family Income." Congressional Budget Office. N.p., 2015. Web. 10 Mar. 2018.
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