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If the Philadelphia Phillies Win the World Series, Prepare for an Economic Crisis
A-HED
If the Philadelphia Phillies Win the World Series, Prepare for an Economic Crisis
It happens every time a team from the city succeeds
By William Power
Oct. 27, 2022 10:16 am ET
The Philadelphia Phillies are in the World Series. Hold on to your wallets.
When Philadelphia baseball teams do well, in a pattern that has held for a century, financial markets tend to strike out. It started with the old Philadelphia Athletics (before they left town). Their 1929 championship preceded the stock crash and Great Depression. In 1980, the Phillies won their first World Series, and a recession raged right through 1983, when the team again got to the final round and lost. The Phils won the World Series a second time in 2008, and boom: a home-run financial crisis.
{paywall}
If the Philadelphia Phillies Win the World Series, Prepare for an Economic Crisis
It happens every time a team from the city succeeds
By William Power
Oct. 27, 2022 10:16 am ET
The Philadelphia Phillies are in the World Series. Hold on to your wallets.
When Philadelphia baseball teams do well, in a pattern that has held for a century, financial markets tend to strike out. It started with the old Philadelphia Athletics (before they left town). Their 1929 championship preceded the stock crash and Great Depression. In 1980, the Phillies won their first World Series, and a recession raged right through 1983, when the team again got to the final round and lost. The Phils won the World Series a second time in 2008, and boom: a home-run financial crisis.
{paywall}
16 replies
= new reply since forum marked as read
= new reply since forum marked as read
Someone else not understanding that correlation is not causation. I hate these loons.
The A-Hed – the Quirky Side of the Wall Street Journal
Jim Borden | August 15, 2019
2 Minutes
It’s my favorite part of the Wall Street Journal – the A-hed story. ... It appears on the front page of the newspaper, prime real estate. And I’ve heard that for reporters, it is the most coveted place for their work to appear. ... Barry Kilgore, the modern Journal’s first managing editor, knowing that into the world of business a little mirth must be poured, started the a-hed in 1941. A-hed soon became the code name for a story light enough to “float off the page.”
As Barry Newman, a WSJ reporter wrote in 2010: “by putting the fun out front, wrapped around the day’s woes, Kilgore sent a larger message: That anyone serious enough about life to read The Wall Street Journal should also be wise enough to step back and consider life’s absurdities.”
Newman also notes that everyone who works at the WSJ—whether chronicling a war or tracking the price of lead—is free to write an A-hed if the spirit moves. ... And he concludes: “Being silly six days a week is hard work, but it’s worth it—for The Journal’s writers and editors, and for its readers over the past half-century or more. So lighten up. Relax. Don’t take everything so seriously.”
You may still be wondering, so what is an a-hed story exactly. ... To help with that, I’ve provided the headlines and links to the last 10 a-hed stories. Unfortunately, accessing most, if not all, of these stories requires a WSJ subscription.
{snip}
Jim Borden | August 15, 2019
2 Minutes
It’s my favorite part of the Wall Street Journal – the A-hed story. ... It appears on the front page of the newspaper, prime real estate. And I’ve heard that for reporters, it is the most coveted place for their work to appear. ... Barry Kilgore, the modern Journal’s first managing editor, knowing that into the world of business a little mirth must be poured, started the a-hed in 1941. A-hed soon became the code name for a story light enough to “float off the page.”
As Barry Newman, a WSJ reporter wrote in 2010: “by putting the fun out front, wrapped around the day’s woes, Kilgore sent a larger message: That anyone serious enough about life to read The Wall Street Journal should also be wise enough to step back and consider life’s absurdities.”
Newman also notes that everyone who works at the WSJ—whether chronicling a war or tracking the price of lead—is free to write an A-hed if the spirit moves. ... And he concludes: “Being silly six days a week is hard work, but it’s worth it—for The Journal’s writers and editors, and for its readers over the past half-century or more. So lighten up. Relax. Don’t take everything so seriously.”
You may still be wondering, so what is an a-hed story exactly. ... To help with that, I’ve provided the headlines and links to the last 10 a-hed stories. Unfortunately, accessing most, if not all, of these stories requires a WSJ subscription.
{snip}
What Is an A-Hed?
By Barry Newman
Updated Nov. 15, 2010 12:01 am ET
It used to live in the middle of the front page. Then it moved down to the bottom of the front page. Now it has a home of its own here on this Web page. But wherever you find it, the "A-hed" will always be The Wall Street Journal's funny page.
Newspapers, like other factories, use code-names for their products. Stories sometimes go by the code name of the headline they carry. At the WSJ, where one bunch of stars and dashes recalled the letter A, the "A-hed" started out as just another headline code. It soon became the code name for a story light enough to "float off the page." The A-hed is a headline that doesn't scream. It giggles.
{paywall}
By Barry Newman
Updated Nov. 15, 2010 12:01 am ET
It used to live in the middle of the front page. Then it moved down to the bottom of the front page. Now it has a home of its own here on this Web page. But wherever you find it, the "A-hed" will always be The Wall Street Journal's funny page.
Newspapers, like other factories, use code-names for their products. Stories sometimes go by the code name of the headline they carry. At the WSJ, where one bunch of stars and dashes recalled the letter A, the "A-hed" started out as just another headline code. It soon became the code name for a story light enough to "float off the page." The A-hed is a headline that doesn't scream. It giggles.
{paywall}