LINsanity

choi

(1) Reed Albergotti, ‘Linsanity’ Finds its Way Into Federal Court. Wall Street Journal, Feb 17, 2012
http://blogs.wsj.com/law/2012/02 ... into-federal-court/
("That’s when lead prosecutor Reed Brodsky stood up and assured Rakoff that if there are any 'Jeremy Lins' in the courtroom, they are on the side of the government. The high-priced hurlers– the 'Mariano Riveras' of the world — were all on the defense, Brodsky said")

Note:
(a) AJ Burnett
http://en.wikipedia.org/wiki/A._J._Burnett
(Allan James; 1977- ; now with Pittsburgh but was with Yankee: section 1.2.3 New York Yankees (2009–2011), section 1.2.4 Pittsburgh Pirates (2012–present))
(b) Mariano Rivera
http://en.wikipedia.org/wiki/Mariano_Rivera
(1969- ; a Panamanian right-handed baseball pitcher who has played 17 years in Major League Baseball for the New York Yankees; Nicknamed "Mo," Rivera has served as a relief pitcher for most of his career, and since 1997, he has been the Yankees' closer)
(c) The blog, dated Feb 17, was published in print:
Reed Albergotti, Legal Linsanity. WSJ, Feb 21, 2012 (along with another blog under the heading Proceeding | Highlights from the Law Blog; in the page titled "Law Journal")


(2) Austan Goolsbee, Jeremy Lin and America's 'Mew Economy;' The US runs a huge trade surplus in tourism, tuition paid by foreign students, even NBA jerseys sold abroad. Wall Street Journal, Feb 22, 2012 (op-ed).
http://online.wsj.com/article/SB ... 33071597864572.html

Quote:

(a) "Last year, according to the Bureau of Economic Analysis (BEA) [of US Department of Commerce], the US exported $2.1 trillion of goods and services (the most ever) and more than $600 billion of that came from services. Think of them [services] as the New Exports. We already export far more of them than any other country. We export more educations than computers and more tourism than aerospace products or machinery. Unlike our massive trade deficit in goods, we run major trade surpluses in the New Exports—$179 billion of surplus in 2011 and probably more in 2012, according to the BEA. This supports millions of jobs across America.

(b) "Modest investments can facilitate major private-sector economic gains. Take tourists coming from countries like Brazil. In a recent survey, 94% of Brazilians said it was either difficult or nearly impossible to get here. To obtain a visa, they must undergo a multi-stage ordeal that includes traveling to a personal interview in a city with a U.S. consulate—of which there are only four in all of Brazil. Start to finish, the process can take up to five months.

"Last month President Obama called for speeding up the visa process to promote tourism here. The U.S. Travel Association estimates that adding a consular official costs, with overhead, around $280,000 per year. Since the average Brazilian traveler to the U.S. spends around $5,000, the association estimates that a single official can generate as much as $50 million of travel exports for U.S. business (not to mention more than $1 million in visa fees to the U.S. government).

(c) "As a Chicago Bulls fan, I find the resurgent Knicks irritating. Still, I will root for more Linsanity because with every game watched in Asia, jersey sold in Europe or visit to an NBA game by a foreign tourist, this young man is doing more than just helping his team. He's demonstrating a way for our economy to grow.

Note: In quotation (a), US exported $600bn services, resulting in $179bn surplus. That is because Americans go abroad (for tourism, education etc), ending up "importing" $421bn service (difference of 600 and 421).