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...specialist, wasn't about to miss a playoff game for his beloved Philadelphia Phillies, who have won just a single World Series title in their 126-year existence. So Reynolds didn't hesitate to shell out $80 for his ticket earlier this month to watch his team pound the Los Angeles Dodgers on a perfect October afternoon at Citizens Bank Park...
...Though it's far too early to measure the full impact of the financial turmoil, some distressing signs have already crept onto the field. Because of worries about the U.S. economy, the NBA is eliminating about 80 jobs, or 9% of the league's workforce, and it shuttered its Los Angeles office. Commissioner David Stern has predicted a "modest" decline in season-ticket sales, though sales in some markets, like Houston, are strong. "I will say that corporate sponsors are a bit later than usual coming to the party," says Houston Rockets CEO Tad Brown. "That's the one area...
...throughout the decade is clearly in jeopardy. After baseball crowns either the Phillies or the Tampa Bay Rays as world champions this month, its offseason will test the resilience of the sports economy. Will ticket purchases for 2009 drop? And will free agents command the same salaries? Legends like Los Angeles Dodgers outfielder Manny Ramirez, the prime catch in the free-agent market, will always break the bank. But don't expect those left-handed middle relievers to score the same ludicrous contracts as in recent years. "Player salaries are extremely sensitive to market conditions," says Stanford University economist Roger...
...When you came to the States, you stayed with a Quaker family. How did that experience affect you? Andrew Sun, Los Angeles It was during the Vietnam War era, so my eyes were opened to a lot of things about the world: democracy, freedom, choices and the responsibility that is tied to freedom and choice. In [the new film] A Thousand Years of Good Prayers, the daughter says, "I learned a new language, I learned a new culture and became a new person." And that's really what I went through...
...show leadership again. In his set-piece speech on foreign policy in Chicago in April 2007, for example, Barack Obama identified no less than five ways in which the U.S. should lead the world. But John McCain made the point with greatest clarity in his speech to the Los Angeles World Affairs Council in March...