2. America Has a Stadium Problem: Despite every number suggesting they shouldn’t, American cities keep building sports stadiums funded with public money coercively extracted from taxpayers. In the last 20 years, 101 new sports facilities have opened in the US and almost all have received direct publictaxpayer funding.
5. Texas-sized gusher: A single Eagle Ford Shale oil well produced an average of 7,513 barrels of oil per day along with 6.8 million cubic feet of natural gas. It’s estimated that even with a 75% decline rate from the well it will still produce more than a million barrels of oil this year.
6. Amazing fact: The average public-sector city employee in SF is paid $179,000 $90,702 (original source has been updated/corrected) per year.
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.