Opioid Overdose Death Rates and All Drug Overdose Death Rates per 100,000 Population

I am not socially conservative, but watching the Grammys last night made me feel wildly prudish. The production seemed unplanned,  a tad scary, bloated and over budget simply for the sake of being over budget. Hillary Clinton's cameo...that was the best part of the 3.5 hour sh*tshow. 

I feel this is representative of the music industry as a whole. While historically  corporations have had a hand in music and distribution (think>Parlophone>EMI>Universal>Warner), it is my not so humble opinion that since the Napster and iTunes days music has become dominated by the mega-corporation, and has totally evaporated into the hands of three giants (Universal, Warner and Sony). All the labels are housed here and the publishers too. All the money making producers and performers want to go with these labels. Artists who are usually gun-shy and timid to sign contracts will give away newborn children to join the (perceived) cult-club of greatness, but all they really want is cash flow. That cash flow is leveraged against future royalties and subject to nixing over the next M&A deal. Artists don’t notice that. They fail to see they are line items in a budget to a degree, hoodwinked by cool executives moving the goods like a short order cook. Since these leveraged payments need to create revenue, the machine of Warner, Universal-Vivendi and Sony mass market and feed the machines of AEG and Live Nation - both of whom own a staggering amount of production rights and performance venues. This is turn creates a quasi-anti-trust type of activity surrounding broadcast events, in regards to the entertainment spoon fed through those channels. It is licensed by one end and sold to another. If you are ever curious about these claims, just look at the stock exchanges Liberty Media trades on. Any corporate competition deal you want will be cleared in Turkish courts (tounge in cheek Turkey, no hard feelings). Regardless, the leveraged payments are recouped, many times over, and replayed at a loss and resold at discounts, repackaged and sold down the line. The artist gets one lump of money, and then perhaps royalties which will secure payments on the back end. It is as if the Grammy Awards stand for nothing more than that...an assurance to the artists on the rosters of the big corporate labels that there is money to blow, money to spend, and special feelings all around. In reality that money is nothing more than a charade. Music is a becoming a corporate beverage and the big labels are cult destinations for authenticity stripped artists how want cash flow in lew of what used to be record sales. Why should I even add the fact that Apple, Google, Amazon and other  streaming and music tech companies are clogging up the distribution channels to such a degree that we don’t even know where we will be in five - ten years time. 

Despite my irritation with the evaporation of music, I was shocked by the lack of the Grammys authenticity. It turns out I was not the only one...Last nights show was the lowest on record in six years. 

From Variety: Viewership of Sunday’s 60th annual Grammy Awards is down significantly from the 2017 telecast, nabbing the smallest audience in the show’s history in the key demo. In addition, the three and a half hour awards show is averaged a 6.9 rating in adults 18-49 and 19.8 million viewers, according to time zone adjusted numbers. Last year’s show drew a 7.8 and 26.1 million, meaning the 2018 Grammys are currently down nearly 12 percent in the demo and 24 percent in total viewers.
The least-watched Grammys were in 1995, where the 11.25 million viewers tied 1975 for the all-time low. Read More Here

Sony / ATV represents 22% of the US music market. They bill themselves as: Sony/ATV is the world's No. 1 music publishing company and prides itself on housing the greatest collection of songs in the world. On behalf of our family of artists and songwriters we make it our mission to ensure their songs live forever.

Having your music (and royalties) live forever is the ultimate goal here. What about the other core sales and backbones of American music? What are they? Well, I would have to say that "bread and butter" mainstay is pop, rock and hip hop. - Stats to follow.

Country music likes to tell you they make up 10% of  music sales, but that is debatable.

Country has a futile stronghold unless mixed with pop for crossover products. There is however no doubt to the music sales power of country music stars. These acts often ’crossover’ and become the beacon of the industry. Famous crossover country stars include Garth Brooks - who has sold over 134M records and Alan Jackson who has sold over 80M records. On the flip side, folly types who have tried to jump on the country band wagon like Jimmy Buffet (a folk hybrid) has only sold 20M records. Let's jump over to the never ending hat wearing, former CMA darling Zac Brown Band...Just over 7M. Taylor Swift has sold over 30M records. 

Record sales are US only.

From this chart (using 2012-2016 stats) we are able to see just what is being paid to who. All the conference are represented here, but Alabama (SEC) leads the chart with Nick Saban's illustrious, GOAT salary level.  The trend-line is in light blue, so the pattern seems to be averaging out to $5M.

Sources from 2015:

1) http://sports.usatoday.com/ncaa/salaries/
2) https://www.si.com/college-football/2015/10/08/highest-paid-college-football-coaches-salaries-list-nick-saban-jim-harbaugh

The game last night was full of highlights. One must admit though that Georgia in the second half performed at an incredible pace. They bewildered the Sooners. The Sooners also blew one heck of a lead. This is what CFB is all about.

I noticed during a Rose Bowl advertisement last night that UGA claimed it was the birth place of American public education. To be honest and clear, UGA is the one of the first state charted universities (1785) along with UNC (1789). However UGA was inactive until  1801 and UNC mentioned the university in their states constitution in 1776, but it was not officially chartered until 1789. Clearly a bit of conflict between UGA and UNC. To compound matters William and Mary - which kicked off with a royal charter in 1693 - should be considered the oldest public state institution in America, without argument.  

Higher Education Institutions

Harvard University 

Established: 1636

The College of William and Mary

Established: 1693

Yale University

Established: 1701

University of Pennsylvania

Established: 1740 

Moravian College

Established: 1742

University of Delaware

Established:1743

Princeton University

Established: 1746

Washington and Lee University

Established: 1749

UGA was chartered in 1785 by the state of Georgia, making it the first state-chartered public university in the United States. But as you can see from the list above that UGA is not that old from comparison. The University began admitting students in 1801. Until 1801 little if anything happened. The University of North Carolina at Chapel Hill was charted on December 11, 1789 and was the first public university in the country to admit students in 1795. The first class graduated in 1798, making it the first public university to graduate students in the 18th century. The school was also part of the state’s 1776 Constitution outlining its creation. The University of North Carolina at Chapel Hill claims the title of oldest public university due to the state’s constitution of 1776 and the first class to graduate in the country from a public university. These are both very strong claims.

The College of William & Mary is in Williamsburg, Virginia, and was founded by royal charter in 1693, making it one of the oldest colleges, public or private, in the United States. The college severed ties with Great Britain after the Revolutionary War, but remained private until it closed after the Civil War due to financial troubles. It re-opened in 1888 and accepted funding from the state of Virginia to become public in 1906. 

Sources: 

(1) https://blog.allentate.com/2012/05/08/who-has-the-oldest-public-university-in-the-united-states/

(2) https://www.topuniversities.com/blog/10-oldest-universities-us

(3) https://en.wikipedia.org/wiki/First_university_in_the_United_States

"Wall Street closed at record highs amid sustained optimism about the likelihood of lower corporate tax rates as the Republican tax bill moved closer to passage"

1. The Dow Jones Industrial Average .DJI rose 140.46 points, or 0.57 percent, to 24,792.2, the S&P 500 .SPXgained 14.35 points, or 0.54 percent, to 2,690.16 and the Nasdaq Composite .IXIC added 58.18 points, or 0.84 percent, to 6,994.76.
2. The three indexes set record closing highs, as did the small-cap Russell 2000 index , up 1.21 percent to end at 1,548.93. - Reuters

Fintech and cryptocurrencies are spurring other valuation bubbles perhaps. Perhaps it has been the tremendous recovery period the US demanded. The DOW, at its systematic core, is compiled of outstanding enterprises - Intel, Apple and Goldman were leaders today. It will be more prudent to discuss today's price of the Dow in three months time. Nasdaq lead with Akamai (7.91%) and Alcoa (1.96%), and the S&P gained despite heavy the losses from CSX last week. CSX CEO Hunter Harrison stepped down - after many rumors about his health throughout the summer, when CSX was backing up trains in Central Appalachia.  

CPI - Consumer Price Index - 12 Month
Energy prices are up 16.4% which is driving the price increase in energy.

From the BLS: CONSUMER PRICE INDEX – NOVEMBER 2017 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent. The energy index rose 3.9 percent and accounted for about three-fourths of the all items increase. The gasoline index increased 7.3 percent, and the other energy component indexes also rose. The food index was unchanged in November, with the index for food at home declining slightly. The index for all items less food and energy increased 0.1 percent in November. The shelter index continued to rise, and the indexes for motor vehicle insurance, used cars and trucks, and new vehicles also increased. The indexes for apparel, airline fares, and household furnishings and operations all declined in November. The all items index rose 2.2 percent for the 12 months ending November. The index for all items less food and energy rose 1.7 percent, a slight decline from the 1.8-percent increase for the period ending October. The energy index rose 9.4 percent over the last 12 months, and the food index rose 1.4 percent.

Kuwait ? Kuwait is quite the powerhouse now.  Investment has been pouring into the gulf country at a rapid pace. From Bloomberg - Kuwait’s graduation to emerging-markets classification by index compiler FTSE Russell could prompt inflows of as much as $700 million from investors, according to the money manager run by the nation’s largest lender.

MSCI Kuwait Index Constituents:

NATIONAL BANK OF KUWAIT - Financials 

KUWAIT FINANCE HOUSE - Financials 

MOBILE TELECOM CO - Telecom Srvcs 

AGILITY - Industrials 

MABANEE CO SAKC - Real Estate 

BOUBYAN BANK - Financials 

BURGAN BANK - Financials 

KUWAIT PROJECTS CO HLDGS - Financials

From Focus Economics: Kuwait’s economy, which has suffered from weaker oil production this year, faces political instability as the year draws to a close. On 30 October, the prime minister and his entire cabinet resigned. Re-appointed by the emir, the prime minister is now in the process of forming a new cabinet. On 15 November, following a staff visit, the IMF highlighted that the country’s fiscal position remains vulnerable and dependent on transfers from its financial reserves. However, it also noted the non-oil sector stands to improve this year, moderating the expected economic contraction due to a weaker oil sector. On 21 November, Iraq agreed to resume compensating Kuwait for costs related to the 1990–1991 Gulf War, which should provide a slight fiscal dividend over the coming years.


A pick-up in the oil sector on higher oil prices should benefit the economy next year, which will also be boosted by resilient private consumption. Our panel expects GDP to increase 2.5% in 2018, which is unchanged from last month’s estimate. For 2019, panelists see GDP growth of 3.2%.
Inflation rose from a 13-year low of 0.5% in September to 1.4% in October as a result of a positive base effect. Panelists expect inflation to average 3.0% in 2018 and 3.3% in 2019.

Official name: State of Kuwait
Capital: Kuwait City (0.6m)
Other cities: As Salimiyah (0.15m)
Sabah as Salim (0.14m)
Area (km2): 17,818
Population (million, 2016 est.): 4.2
Population density (per km2, 2016): 237
Population growth rate (%, 2016 est.): 2.8
Life expectancy (years, 2016 est.): 78.0
Illiteracy rate (%, 2015): 3.7
Language: Arabic
Measures: Metric system
Time: GMT+3

It’s been a little over nine years since Satoshi Nakamoto, the anonymous creator (or creators) of Bitcoin, published the paper entitled Bitcoin: A Peer-to-Peer Electronic Cash System. Written off for many years, Bitcoin and other cryptocurrencies have since risen to prominence and economists, traders, financial gurus, central bankers and other financial authorities around the world are taking notice. Bitcoin, the most famous of the seemingly now myriad cryptocurrencies floating around the internet, recently rose to above USD 10,000 for the first time. In fact, Bitcoin has grown from USD 1000 in January 2017 to over USD 10,000 in November 2017. That right there is what you call a tenbagger. Peter Lynch would be proud. Although Bitcoin and its skyrocketing price tend to get all of the headlines, perhaps its greatest contribution is the technology behind it. The creator(s) of Bitcoin originally sought to create an electronic currency that would allow electronic payments to be sent from one party to another without the need of a central intermediary and that is where blockchain technology comes in.

Read more at Focus Economics

Soccer Analytics: England Premier League Timing W/ 13 Games Played @chaganomics

Soccer Analytics: Italy Serie A 14 Games Played @chaganomics

Roaring ahead to a seven year high...The economy steamed ahead in Q3, according to preliminary data released by the Bank of Korea. Growth came in at 3.6% compared to the same quarter last year, higher than the 2.7% growth recorded for Q2. A jump in exports, coupled with an increase in government spending, propelled the economy in the third quarter. Kicking off Q4, consumer and business confidence were strong in October and November, respectively, and the underlying health of export growth was also strong in October. On 31 October, Korea and China agreed to improve diplomatic relations, which could lead to a recovery in tourism exports next year since they have suffered from the deterioration in relations between the two countries following the deployment of the THAAD missile system in Korea earlier this year. On 7 November, during his visit to Korea, U.S. President Trump called to push ahead with amendment negotiations for the U.S.-Korea free-trade agreement. President Trump’s visit was part of a wider tour of East Asia, in which he pushed for greater regional unity regarding North Korea. The 2018 budget, which includes an increase in spending, and improved diplomatic relations with China should buoy economic growth next year. However, measures to cool the housing market could weigh on the outlook. FocusEconomics panelists expect GDP to expand 2.8% in 2018, which is up 0.1 percentage points from last month’s forecast. In 2019, the economy is forecast to grow 2.7%.  Inflation dropped from 2.1% in September to 1.8% in October. Our panelists project that inflation will average 2.0% in 2018, which is up 0.1 percentage points from last month´s forecast. In 2019, the panel expects inflation to average 2.0% again. Read more at Focus Economics.