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RECESS FOR BASEBALL?

By Peter Bernstein

Thursday, September 4, 2008

Baseball has been on a good run of late. Revenues have doubled since the start of the decade and player salaries have risen almost as much. A-Rod can finally afford that Corvette he's been eyeing! But things aren't so great for the non-National Pastime set. Whether we are technically in a recession or not (GDP was up 3.3% last quarter), there's no doubt that rising gas prices, rising unemployment and falling home equity are squeezing consumers. But is baseball feeling it? The conventional ...

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