Word: owners
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...rescue work continued, authorities ordered inquiries into the dams' collapse. The structures, built 24 years ago, had been sold by one mining company to another before being taken over by the present owner, the Prealpi Mineraria company of Bergamo, in 1980. The dam complex had consisted of two earthen dams that had created wash basins for filtering and extracting fluorite, a mineral used in making glass. Recent heavy thunderstorms were blamed for the immediate collapse of the dams, but some experts alleged that there might have been an excessive buildup of mud in the lakes from the mineral-extraction process...
...Baseball owners say that player salaries are pushing the sport to the brink of financial ruin. By their tabulation, the 26 major-league teams lost $43 million in 1984 and could have a deficit of about $100 million in 1988. Nonsense, say the players, who accuse owners of using legal but oddball accounting methods to create paper losses. New owners, in particular, mark down profits for tax purposes by taking depreciation allowances that are supposed to account for the declining value of their players. In addition, the clubs often count long-term deferred compensation to players as a current expense...
Perhaps the most quixotic quest of all is the faltering effort to establish soccer as a popular American sport. The Major Indoor Soccer League is still limping along with twelve teams, but the North American Soccer League, which played outdoors, disbanded this year. Even so, Peter Bridgwater, majority owner of the N.A.S.L.'s San Jose Earthquakes, is keeping his club together and hopes that a new league will start up. Explains Earthquakes Executive Fred Guzman: "It's a civic matter, like popping for a modern art museum. I mean, what's the satisfaction of owning a string of coin-operated...
...Skaneateles Polo Club in upstate New York. Membership in the U.S. Polo Association (USPA) has nearly doubled since 1977, to more than 2,300 people. There are now about 200 polo clubs across the U.S. Even businessmen in their 40s are taking up the game, says Steve Gose, owner of the 250-member Retama Polo Center in San Antonio. "They're like weekend duffers in golfing. They'll never play in tournaments, but they enjoy...
...Cambridge Police Department officer investigating a report of gunshots in the area of 232 Norfolk St. found a red Volkswagen parked at 245 Norfolk St. with a side window broken. Officers searched the area; there was no evidence of gunshots. The owner of the motor vehicle was notified and reported that his iPod was missing from the motor vehicle. Based on a description, seven males were identified and stopped. Some of the suspects had tools: wirecutters, hammer, screwdrivers, brick, and a pipe. Charges may be pending...