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Most teams are currently experiencing financial woes similar to the Marlins, and it doesn't take Marty Feldstein to figure out the reasons why. Since free agency began 10 years ago, players' salaries have risen exponentially. Last year, The Chicago White Sox gave Albert Belle a contract valued at $11 million per year, whereas before the start of free agency, no player had ever received a salary of as much as $3 million per year...
While applications from all regions have risen, Fitzsimmons said that the greatest increases seem to be in the Mid-west and Western regions of the country...
...half took a placebo. After five years, the group taking the real drug was 36% less likely to have suffered a first heart attack and 33% less likely to have needed coronary bypass or angioplasty. What's more, their bad LDLs had fallen 25% while their good HDLs had risen...
However, since then, reconstruction costs have risen...
...away. After all, economies and markets there historically have had low correlation with those in the U.S., meaning that if theirs tumbles, ours doesn't necessarily follow. Take Japan. Its stock market has been in decline most of the past eight years, a period in which U.S. stocks have risen 240%. Since August, the U.S. market has seemed equally impervious to the pain of 20% to 40% market plunges in Thailand, Indonesia, Malaysia, the Philippines and finally Hong Kong...