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" ... In years’ past the Tigers have overspent on declining players and gotten burned when trading away their better assets. It seems their profile is changing and they are catching up with the pack. The question remains; what’s around the bend? Is the pack still moving the same direction they were two years ago? Or are the Detroit Tigers chasing ghosts of front office’s past? ... "
" ... The Biden campaign’s accountants only had to pull $3.4 million from cash reserves in order to balance the books. The president’s campaign overspent by $58 million—a massive shortfall. ... "
" ... The Madison Square Garden CEO claims he is going to leave the Knicks alone, after meddling in the basketball operations by engineering trades and dictating other personnel moves that resulted in only one playoff round win since 2000. With Dolan promising to stay out of the basketball end of the Garden operations, he grossly overspent to bring in 11-time champion Phil Jackson. But never mind that Jackson didn’t come to the Knicks to coach the team. Despite never being a team president or building anything before, Dolan still paid him a record $60 million over five years. Jackson’s first major move was to hire Derek Fisher to coach the team, for another $25 million. Fisher, who won five rings as a player under Jackson, has never coached. So Dolan is on the hook for $85 million to two men who are rookies in their current roles. For that kind of money he should have gotten at least one proven commodity. ... "
" ... The federal government and, more specifically, those we elect are charged with the oversight of the nation’s budget. In the 120 years since 1901, the federal budget has been in deficit in 72.5% of those years. In the early days of the 20th century the federal government overspent only during wartime or to address a crisis. Thus, from 1901 to 1929, the federal budget was in deficit only 31.0% of the time. After President Nixon removed the U.S. from the gold standard in 1971, a budget deficit has existed 91.8% of the time. The following table contains more detail. ... "
" ... Years ago, Wynn’s eyes got too big and he overspent on capex. Kirk Kerkorian applied his bear hug and bought him out for cash. Steve then started over more than a decade ago, proved a great operator with early entry into Macau while Vegas stagnated, overbuilt and no longer the preferred destination resort for high rollers. ... "