CRANKY OLD DUDE STUFFThe NFL / NFL Network's Strong Arm TacticsMy Comment: The NFL wants the Texas State Legislature to FORCE private businesses [i.e. cable companies] to offer a product. This is TERRIBLE for the free market and indicative of the power a billion dollar industry thinks it has. But I am inclined to agree with the cable companies on this one: let those who WANT the NFL Network PAY for the NFL Network. I have about a 1% desire to see the NFL Network - I get P-L-E-N-T-Y of NFL talk on every other stinkin' sports channel I all ready get and I have no desire to watch team press conferences, team practice reports and/ or archived games, even the Steeler Super Bowls [blaspheme, I know Uncle Rich]. I think the NFL is highly overestimating the [quote] demand [end quote] for its product, especially when the season is over.
On the flip side, however - if the cable companies are forced to carry the NFL Network on the basic tier, then they should also be forced, in the name of fair competition, to carry the NHL Network [yes, it's out there] and whatever cable outlet the NBA, NCAA, MLB, MLS, etc. will surely throw up there, too. I would LOVE to have access to the NHL Network, but my carrier does not provide it. I would pay a premium price for something I am going to enjoy - let football fans couch it up like they all ready do for premium packages to worship a wall of televisions with access to [almost] every game on Sunday.
by John Moritz / Fort Worth Star Telegram 12/11/07AUSTIN -- Two of the most powerful figures in pro football slugged it out with some of the titans of the cable television industry Monday over who was best equipped to protect the armchair quarterbacks of Texas.
Cowboys owner Jerry Jones and NFL commissioner Roger Goodell appeared before the Texas House Committee on Regulated Industries seeking to force large cable companies to offer the fledgling NFL Network to subscribers who opt only for basic service. Cable companies such as Time Warner and Charter want the network that carries some of the league's must-see games along with other football- related programming to be reserved for viewers willing to pay for a premium package.
Some cable subscribers are upset because they can't see some games in the comfort of their homes. Five games in the last three weeks are on NFL Network, including the Cowboys' game at Carolina on Dec. 22 and New England's game at the New York Giants on Dec. 29 in which the Patriots could finish a 16-0 regular season.
Fans in the Dallas-Fort Worth area can see the Cowboys' game on KDFI/Ch. 27, but the rest of the state and nation, will be out of luck unless they have NFL Network.
"As America's team, the Dallas Cowboys have millions of fans outside the home market who are being kept in the dark by Big Cable," Jones said.
For some members of the House committee, including chairman Phil King, it sounded like an argument best settled in an arena outside of state government.
"I have serious reservations over whether the state has jurisdiction over this," King, R-Weatherford, told Jones and Goodell.
Todd Baxter, vice president of the Texas Cable Association, urged the panel to resist legislation that might give a state agency the authority to regulate what programming cable operators must provide.
The state would have jurisdiction, Jones and Goodell said, because cable companies are effectively public utilities and generally operate with little or no competition.
Baxter pointed out that viewers in some markets have a choice in cable providers and nearly all could opt for a satellite TV service.
Under a proposal backed by Jones and Goodell, state regulators would arbitrate the dispute. State Sen. Kim Brimer, a Fort Worth Republican who was not at Monday's hearing, has said he plans to file a bill requiring the two sides to submit to arbitration.
Lawmakers can't act on proposed legislation until the next legislative session convenes in January 2009.
In addition, Baxter said, the NFL decided to establish a cable-based network when in the past the vast majority of regular-season games were available on broadcast channels.
"If they want [the fans] to see all of the games, why did they take them off free television?" Baxter said. "They need to be intellectually honest and stop blaming local cable companies for a problem they created."
The Federal Reserve's JobI don't know why ANYONE is looking to the Federal Reserve and/or reductions in interest rates to save their homes. Yes, 'The Fed' is the driving the economy as a whole - and yes, they want to preserve growth and yes, they dictate monitary policy. But this hiccup is also their doing.
When the Fed saw that banking was making questionable loans, Alan Greenspan spoke up, but he was shouted down by Congress, who said "We need to make money available to those with little, no or questionable credit histories to enable them to participate in The American Dream." Well, guess what - those folks who got that money at low [quote] introductory [end quote] rates, not bothering to notice [or ignoring] the "Escalator" clauses took that money, ran with it and mortgaged themselves up the the eyeballs in houses they COULD NOT AFFORD.
Now the banks are wringing their hands and crying and Congress, in their infinite wisdom and penchant for forgetting what they said yesterday, is asking "Why did you make such questionable loans?"
Congress has not been able to live within a budget for how many years? We are looking at a
debt right now of 5.1 TRILLION dollars and Congress keeps raising the debt ceiling, basically saying to itself "you're good for it, we're going to raise your credit limit!" And now the Congress is going to call private banking into question for their lending practices?
Look, The Fed did not tell home builders to keep cranking out their McMansions to sell to people who couldn't afford them for the last few years. The Fed nor Congress nor any other regulating agency interfered with private business when the banks were making the loans. So personally, I think it's ridiculous for the Federal Government to step in now and make concessions to private industry to save the banks and allow people to keep living in homes they can't afford and never could. ESPECIALLY A REPUBLICAN / CONSERVATIVE PRESIDENT. I think it sets a dangerous precedent of "The Government Safety Net." Now more than ever, this sets The Government as the Big Brother / Father Figure to run to for a bailout when 'You' get into trouble. [Next up: National Health Insurance - just say no! See Milton Friedman's
Free To Choose for my reasoning.]
What should The Fed do? Well, they're lowering short term interest rates in an effort to keep the economy growing, moving forward, basically, trying to get more money out there to allow people to borrow and spur growth and spending. BUT, the masses are scared now, and they should be! They don't WANT to take on more debt, concerned about the debt they have right now [unlike Congress] and what will happen to their credit card interest rates and home laons over the next couple of years. So consumer confidence is low and that keeps them from buying new homes, new cars and the economy is going to grind to a halt. And we may even see contraction shortly. As predicted, when he was out touring his boring autobiography, by Alan Greenspan [who really need to write the next definitive book on Economics, ala John Maynard Keyes and Milton Friedman]. One hopes we don't see numbers like the end of the Carter years, but it may get worse before it gets better again.