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...bonds fell as the Federal Reserve decided not to raise interest rates at a meeting of the Open Market Committee Tuesday. Many analysts had predicted the Fed would hike both the Federal Funds and Discount rates by a half point in order to nip inflationary pressures in the bud. But though the Fed did not act at its latest meeting, look for at least one further rate increase --the sixth this year -- at its next meeting Nov. 15, which is conveniently right after the midterm elections. Following the announcement that rates will stay put for now, the Dow Jones Industrial...

Author: /time Magazine | Title: MARKETWATCH | 9/27/1994 | See Source »

Until the 35th day of the walkout, optimists and baseball sentimentalists wanted to believe compromise was possible. But their hopes were shattered by a four-paragraph resolution that interim commissioner Bud Selig released last week on behalf of the 28 owners of the major league clubs. Summary: season canceled, no play-offs and no World Series for the first time in 90 years...

Author: /time Magazine | Title: A Resounding Victory for Stupidity | 9/26/1994 | See Source »

Baseball's acting commissioner Bud Selig made the anticlimactic announcement: because of the 34-day players' strike, the remainder of the 1994 season, including -- for the first time in 90 years -- the World Series, has been canceled. In its place: further acrimonious bargaining lasting no one knows for how long...

Author: /time Magazine | Title: The Week September 11-17 | 9/26/1994 | See Source »

...fans of basement-dwellers like the Padres and the Mets, Acting Commissioner Bud Selig's announcement Wednesday was a mercy killing, letting them concentrate on their local college concentrate on their local college and professional football teams and forget about the local nine's foibles...

Author: By Edward F. Mulkerin iii, | Title: Baseball Blues | 9/19/1994 | See Source »

...baseball season is officially over, with no winners but leagues of losers. Acting commissioner and Milwaukee Brewers owner Bud Selig decided it was too late to play ball. This season's finale marks the first time since 1904 that America will not see a World Series...

Author: /time Magazine | Title: SAY IT AIN'T SO, BUD | 9/14/1994 | See Source »

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