business news in context, analysis with attitude

by Kevin Coupe

US workers, it seems, won't be hitting many three point shots for the next few weeks...

The Los Angeles Times reports that a poll by outplacement firm Challenger, Gray & Christmas Inc. estimates that the almost monthlong NCAA basketball tournament "will cost American companies $134 million in 'lost wages' as an estimated 3 million workers spend between one to three hours watching hoops ... As online streaming has made it possible to watch sporting events practically anywhere -- phones, tablets and desktops -- many workplaces have told employees to get back to work."

And, the survey says, seven percent of those polled "said they plan to take time off work to watch the tournament."

March Madness starts Tuesday.
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