According to John Egan (Personal Finance Writer, creditcards.com/credit-card news) “Americans spend over $100B on sports. (If $100B was the purchasing power [GDP] of a nation it would easily be in the top 38% on the globe’s GDP). Bob Cook (Forbes magazine) reports that over 20% of American families spend at least $1000 per mo on their kid’s sports equipment whether it’s for golf, gymnastics or whatever. WOW!
On 10/19/2017 Mike will contribute to Murray Feldman’s report (WWJ/CBS radio, 950AM at 3:20 & 6:20pm) regarding the above info.
Mike will contribute to Murray Feldman’s report (WWJ, 950 AM, CBS Radio, 9/17/17) on the fact that Detroit has the Best Sports Value among the 12 US cities that have at least 1 sports team in each the MLB, NBA, NHL & NFL according to the Fan Cost Index. (FCI is the price of 4 adult tix, 2 small draft beers, 4 small soft drinks, 4 regular hot dogs, parking for 1 car and 2 adult adjustable caps.)
Mike contributed to Georgia Kovanis’ (DFP) report on 9/5/17 on how the Detroit T-shirt craze like “stand up for Detroit” etc has lost its cache. It may have been a great idea initially but its old news now w/o any real “POP”. To be popular again it really needs to be clever!
Mike contributed to Fox 2’s “Let It Rip” on Sun 9/3/2017 b/t 9 AM & 10 AM. He was a panel member discussing whether the Cobo Center should be renamed.
Mike contributed to Murray Feldman’s Tues. (9/5/17) report (WWJ, 950AM, CBS Radio) on authorized persons (undocumented immigrants) taking the job that an American citizen wants. In short, an unauthorized (undocumented) immigrant is 2 times more likely to work a job that an American doesn’t want such as construction, janitorial services, office support, or any related service industry job.
Mike contributed to Murray Feldman’s (WWJ Radio, 950AM, Friday 9/29/17, 3:20PM, 6:20PM) report on the immense value of volunteering. In 2015 62.5 M Americans volunteered 7.8 B hours, worth about $184 B. Boomers volunteered the most hours ($2.3 B) and Millennials had the greatest % of volunteers (28.9%). Millennials today are driving volunteerism.
Mike contributed to Murray Feldman’s report on the $700 M Powerball (WWJ, 950AM on 8/23/17). The fact that 9% of the world’s GDPs are less than that was noteworthy. Included in that group are Saint Martin, Tonga and the British Virgin Islands.
Mike contributed to Perry Farrell’s DFP report on the gargantuan $700 M Powerball prize. Mr Farrell noted that there was a better chance of being struck by lightning or being hit by an asteroid than winning the grand prize. The winner could buy almost 5,400 Jeep Grand Cherokee SRTs sold for $130,000 each. The assumption here is that you spent all your winnings, immediately.
Mike contributed to Murray Feldman’s 8/18/17 report (WWJ/CBS radio, 950 AM at 6:30 & 7:30 AM) on there being a total of $1 B in spending for the 1st 20-22 Woodward Dream Cruises. It was also noted that the next 4-5 WDCs will produce about $1 B in spending as well.
Mike contributed to Warren Pierce’s 8/19/17 report (WJR, Cumulous radio, 760 AM at 7:00 AM) on there being around $1 B worth of consumer spending from Woodward Dream Cruises 1 to 22. It was also mentioned that the next 4-5 WDCs will produce about $1 B in spending as well.
Mike contributed to Warren Pierce’s stories about “Back to School Shopping” in Aug and the upcoming “Woodward Dream Cruise” (WJR, 760 AM, Cumulus Radio, 7 AM, 8/12/17)
Mike contributed to Gene Fogel’s report on the Woodward Dream Cruise and its $50 M worth of economic impact. (Gene Fogel, WJR 760 AM, Cumulus.)