Word: franchisee
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The invasion of other financial companies eager to make loans has caused deep damage to the banking industry. "The banks are clearly losing the franchise of lending to business," says David Wyss, senior financial economist for DRI/McGraw-Hill, a large economic consulting firm. "That should be scaring them because this is...
But, in large part, that scene is gone. While the hats remain, many minor league teams have hit hard times, the victims of franchise belt-tightening.
Logic argues that, sooner or later, player salaries have to eclipse revenues for small-market clubs. In the past decade, baseball salaries have escalated nearly as fast as inflation in Russia. The going rate to re-sign superstars who anchor a franchise (Kirby Puckett with the Minnesota Twins, Cal Ripken...
Expansion has given us some teams that added to to the rich history of baseball because they were so unbelievably bad. In 1962, an expansion franchise called the New York Mets joined the National League and lost 120 games--the baseball equivalent of getting a "C" in a Core course...
Asking Harvard to keep the character of the Square in mind is probably a futile plea. But the Square is largely the University's responsibility, and Harvard should act to ensure that places like The Book Case and Reading International don't suffer under its miserly demands for money. Otherwise...