Word: misha
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Dates: during 1980-1989
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...more for permission to run consumer-sales promotions tied to the Games. None of the payment is refundable even if American athletes boycott Moscow. The Chicago firm VPI, Inc., for example, has stockpiled 28,000 mugs and 15,000 key rings emblazoned with the Olympic design or drawings of Misha the bear, the Games' official mascot...
...Misha, the Moscow mascot of the Summer Olympics, has been shaken by Jimmy Carter's Olympic boycott, and so has the NBC peacock. Now the shock waves have reached Postmaster General William F. Bolger, who last week withdrew all U.S. Olympic commemorative stamps, postcards and envelopes from the market "in support of national policy." Will the Olympic issues become hot collector's items like the 1918 upside-down airmail stamp, or even the less exotic 5? 1967 American Space Twins issue, which still commands $10 for a block of four? Not likely. Some 300 million Olympic stamps were...
Merchandising rights for the 1980 Olympics in the Western Hemisphere are owned by Stanford Blum, president of Image Factory Sports, Inc., in Los Angeles. He has sold licenses to 58 companies to market Olympic trinkets, ranging from stuffed Misha bears (the official symbol of the Games) to pajamas and key chains. Because of the possible U.S. boycott, many retail stores have stopped ordering the souvenirs, and production has halted on some items. For example, US Americans, a firm based in Los Angeles, is stuck with an order of 15.5 million plain drinking glasses; until the boycott issue is resolved...