Friday, November 18, 2011
In MarketWatch this week: Chinese computers, NBA negotiations and how inequality hurts the economy.
What would you get if you combined Apple Computers and Starbucks Coffee? The answer might surprise you! Read about the world’s hottest computer company!
In negotiations with team owners, NBA players seem willing to accept a 50-50 split of revenue, enough to make the teams profitable as a group even by the clubs’ own contested figures. But that would do nothing to narrow the gap between the league’s rich and poor teams. Other North American sports leagues have addressed such inequalities through revenue sharing. But rich teams like the New York Knicks and Los Angeles Lakers fiercely oppose expanding the NBA’s modest sharing scheme.
Just as inequality is causing problems in the National Basketball Association, it’s the cause of problems in the economy as a whole—here’s how.