when with tighter and tighter budgets that's certainly something one revenue source they look at victor matheson from the college of the holy cross we thank you victor pretty appreciate good to see you again. up thanks for having me i'll be back any time. and we're going to squeeze in a brief break here but hang because when we return we look at the black beauty commodity coal which is seen a real recent rise i'll be joined by jim thompson of i.h.s. market watch archie course want to truly charges joins us from fifth avenue in manhattan to tell us about how some big brands are actually burning their garments and how some may be taking enough out of it as we go to break here are the numbers at the closing bell back in a flash. i think we can agree that the decision to intervene in libya was perhaps too quickly taken but we also know that the libya crisis today as we see it at least as i see it is a multifaceted crisis because it's a political crisis it's a security crisis and it's an economic crisis so i think the main problem of the post twenty eleven transition was to put complete emphasis on t

gambling in sports is getting too large here to help us consider the subject in business impact is victor matheson professor of economics and accounting at the college of the holy cross victor welcome back thanks for being with us again we sure appreciate it. well thanks for having me so what did you make of this arrangement that formula one deal i mean some say it could be in the neighborhood of one hundred billion dollars and you know that that's a huge thing no matter who's looking at it right. yeah i think any economist looking at this is saying you know this is really inevitable we're going to get sports gambling in every league it's just too lucrative a portion of the sort of money that you can generate as a league or as a as a circuit like f one and there's just too much interest from the fans themselves so it's a way to generate demand for your product even if you're not taking a piece of the gambling take formula one i read part of your statement and they said this is a fan centric move what the heck does that mean victor. so fan centric means that it's simply more interesting to watch a