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Philly Fed Survey Declines for Second-Straight Month

Federal ReserveLittle bit of bad news coming out of Philadelphia, and it has nothing to do with Eagles' quarterback Kevin Kolb's concussion. The Federal Reserve Bank of Philadelphia announced that its manufacturing index checked in at -0.7, which is better than August's reading of -7.7. Unfortunately, the reading was short of expectations for a reading of 0.0.

According to the Philly Fed, "The survey's broad indicators of future activity continue to suggest that the region's manufacturing executives expect growth in business over the next six months, but optimism remains below levels earlier in the year." This is not good news for an economy that many think is on the road to recovery.

Continue reading Philly Fed Survey Declines for Second-Straight Month

JockStocks: Tailgating policies won't affect 'real' fans

You know, it figures that this would be the year that I give up my Bengals season tickets. I suffered through three years of horrid football and decided that I was not going to renew my tickets for financial reasons or as a protest against the team's (mis)management in the past 19 years.

That said, one reason that did not attribute to my giving up the tickets was the NFL's new tailgating rules. In an article Darren Rovell put on Twitter this morning (featured in USAToday), a New York Jets fan says that the tailgating rules (that limit tailgating to 3.5 hours before kickoff) may be the "final nail" that forces him to give up his season tickets. The new tailgating rules are supposed to help "crack down on drunken and disruptive fans" by limiting the time fans can tailgate.

Continue reading JockStocks: Tailgating policies won't affect 'real' fans

ESPN blows call with Joe Theismann

Has ESPN been playing one too many games without a helmet?

That's the only reasonable explanation that I can come up with for the Walt Disney Co. (NYSE:DIS) network's decision to dump Joe Theismann from its "Monday Night Football" broadcast. The New York Times says he will be offered another job at the network, but I wouldn't blame him if he walked.

Theismann's "problem" is that he doesn't have "chemistry" with co-host Tony Kornheiser, according to media reports. Replacement Ron Jaworkski, a former Philadelphia Eagles quarterback, is going to have the same problem because Kornheiser usually has nothing of interest to say. During broadcasts Thiesmann often had to correct Kornheiser for saying stuff that wrong or just plain weird.

There's more at stake than just sports here.

ESPN is a cash cow for Disney and the company is counting on "Monday Night Football" to help bolster its bottom line. Ratings for the broadcast, which plunged when it was on ABC, did well last year on ESPN, according to the Times. That makes the move to replace Theismann baffling.

Why fix something that wasn't broken?

If ESPN wanted to reshuffle the MNF team, it should have gotten rid of Kornhesier, who is beater suited for shouting on "Pardon the Interruption." Theismann is a thoughtful analyst who deserved better treatment. I'm sure that other networks would be happy to have him.

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Last updated: May 28, 2012: 06:47 PM

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