Tuesday, 15 February 2011

The Business, February 16th 2011 "Bursting Seams" Edition

This week The Business is bursting, BURSTING I say, at it's imaginary seams with extra special guests from both "here" AND "there." Along with all the usual, adorable Businessmen (Bucky, Alex, Chris and Sean), check out who we got spitting hot comedy for you this week:

W. Kamau Bell is no stranger to The Business by any means (necessary). This visit to our humble show he is hot off performing two nights in Oakland with his come...dy compatriots that comprise Laughter Against The Machine, a powerhouse of intelligent and challenging socio-political comedy that is also FUNNY AS HELL.

Matt Ruby is a funny fellow from New York City. He performs hilarious stand-up comedy and writes about hilarious stand-up comedy on his blog Sandpaper Suit. He is also a show producer, a contributor to MTV, a maker of award-wining videos and a veteran of many stages and festivals.

Dan Goodman is a comedian and show producer also from New York, not a locally based LASIK surgeon as Google would have you believe. According to his bio, he rocks, and has been rocking since birth. And now he will rock our stage for us...and for you.

As yo
u know we charge a meager $5 at the door, start at a meager 8pm, and there is no BYOB anymore but you can get delicious food all throughout the neighborhood and eat it in a meager fashion whilst watching the show.

Tuesday, 8 February 2011

The Business, February 9th 2011 "BIG UP!" Edition

BAP! BAP! BAP! Give it up! One Love for The Business this week as we welcome our two over-achieving guests Grant Lyon and Travis Irvine to the room so dark, they named it the Dark Room. SHABA!

Grant Lyon gives it up all over this great land of ours, performing comedy with a hustle most other comedians could learn a few things from. He is a veteran of multiple clubs and festivals and has been a featured writer on the Huffington ...Post. Perhaps his drive comes from his collegiate soccer past? More likely it's because he is a solid stand-up comedian, sketch performer, writer and improviser with the common sense to make sure everyone everywhere knows it.

Among other things, Travis Irvine has worked for Senator Charles Schumer, for entrepreneur and question mark enthusiast Matthew Lesko, been an instructor at The New York Film Academy in New York City, he ran for mayor of his hometown in Ohio in 2007, and last year ran for Ohio’s 12th Congressional District seat as a third party candidate. And now his bucket list is complete as he joins The Business to tell us all about it.

As always our show is a meager $5 and as always it begins at 8pm ON THE DOT (it's a broad dot). We are NO LONGER BYOB, but you can bring your own snacks...or someone else's if you are sneaky.

Wednesday, 2 February 2011

Cuomo Picks an Easy Target

New York Governor Andrew Cuomo proposed a state budget yesterday, in an attempt to close a $10 billion budget gap. While the Governor decided to end the state income tax surcharge on the rich (taxpayers with incomes over $250,000), his budget imposes draconian cuts on the poor, through massive reductions in Medicaid and in state support for low-income school districts.

But, despite his "no new taxes" pledge, the governor did manage to find a target from which to extract a little more revenue -- horse owners. Cuomo's budget (see pp. 70-72) proposes a 2.75% "fee" on gross purses earned at the track, with the money (some $3 million by my calculation, just from NYRA tracks; $7.6 million overall) earmarked for the support of the state Racing and Wagering Board. The Racing Board, which also charges licensing fees to everyone in the industry, reportedly has only a $2 million annual deficit, so it's not quite clear where the extra money will go.

While Wall Street fat cats with eight-figure incomes are spared any pain under the budget, and in fact get a tax reduction, it seems that thoroughbred owners must be even richer, since, the Governor thinks, they can bear this new tax. Well, perhaps we can. Most of us lose money anyway-- nationwide, purses amount to roughly half the cost of keeping our thoroughbreds in training, not to mention the cost of buying or breeding the horses in the first place -- so what's a few more dollars? I guess the governor is counting on our love of horses and of the spectacle of racing to overcome our rational analysis of what he's doing.

But for some of us, this might just be the last straw. Those of us who race at NYRA tracks already pay a $10 per start fee to the Racing and Wagering Board, or almost $200,000 a year. The new levy would add $3 million to that.

I previously calculated the cost of owning a thoroughbred race horse that runs in New York. That calculation showed that a horse needed to earn roughly $64,750 a year in purse money for the owner to break even. Fortunately, the elimination of the hated detention-barn system has reduced owners' costs a bit. Without the new levy, it would take only (sic) $63,300 in earning for a New York owner to break even. But the effect of the new levy in the Cuomo budget is to raise that amount to $65,700.

At the same time, NYRA purses have been more or less stagnant, at least for those of us who race through the winter on the Aqueduct inner track. Way back in 2002, we (Castle Village Farm) were lucky enough to have a horse that won his New York-bred N1X and N2X allowances in successive efforts on the inner track. The purse for those races was $43,000 for the N1X and $45,000 for the N2X. This month's condition book for Aqueduct shows that the purse for the NY-bred N1X is $40,000-$41,000 (an extra $1,000 for races at a mile or over) and $42,000-$43,000 for the N2X. True, purses at Saratoga have improved a lot, and those at Belmont to some degree, but a lot of blue-collar horsemen and small-scale owners depend on Aqueduct for a large proportion of their earnings.

And our costs have by no means been stagnant. Back in 2002, we paid our trainers a basic day rate of $65. Today, it's $90 a day per horse, nearly a 40% increase, and, even at that rate, trainers generally don't make any money on the day rate. Vet costs have increased, if not quite as much, although some of the costs, for expensive supplements like Gastrogard and Legend, are passed through to the owners on their trainers' bills. And workers' compensation costs, under the quasi-monopoly enjoyed by the New York State Insurance Fund, have risen even faster. So, over the past decade, the average cost of ownership has increased by perhaps 35-40%, while purse money, at least at Aqueduct, has decreased by nearly 6%. Guess we just have to grin and bear it and wait yet some more for slot machine revenues to start flowing into the purse account.

A further issue with Cuomo's proposed 2.75% purse levy is that it applies only to horse owners, and not to the race tracks or to the state's remaining OTBs, both of which are also subject to the Racing and Wagering Board's jurisdiction and both of whose activities generate a significant portion of the Board's workload. For bets placed at the track, or on NYRA Rewards, the net takeout, after state taxes, is split between NYRA and the purse account. For bets placed at the OTBs, the takeout goes primarily to local governments and the OTBs, and the small amount that's left is split between NYRA and purses. So why should the levy apply only to the purse account? If the regulatory costs were borne proportionately by all those subject to regulation, it would be a much fairer proposal.

In the grand scheme of things, I suppose the purse levy isn't all that important. Medicaid recipients who stand to lose their home health care, and underprivileged children in poor school districts who will be jammed into ever-larger classes surely have it worse than race horse owners. But the proposed levy is still a symptom of the ignorance and unconcern with which New York's political class views the racing industry.

The Business, February 2nd 2011: "Andy Haynes Groundhog Day" Edition

The Business kicks off the month of February by welcoming back comedian Andy Haynes! Andy has appeared on "Late Night With Jimmy Fallon," and at the Montreal Comedy Festival. He's also done two killer appearances on The Business in the past, and this week he returns to kill again. We've also got your usual Businessmen - Chris, Alex, Bucky, and Sean - and if Bucky sees his shadow, we'll have six more weeks of hilarity.

I'm not saying you'll have to relive this day over and over again until you wise up and attend this show, but it certainly wouldn't hurt. Just ask Ned Ryerson. You know, Needle-Nose Ned? Ned the Head?

8 PM, five bucks, BYO-Taco.