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Winans, who plans to appeal, volunteered to do his time working in programs for victims of AIDS. Judge Stewart denied the request. Before the sentence was passed, Assistant U.S. Attorney Peter Romatowski disclosed that Winans had circulated to publishers an outline for a book titled Trading Secrets: Fear, Power and Greed on Wall Street. Winans said it would dissuade others from resorting to "unethical or immoral behavior." MORTGAGES Fannie Mae Gets Tough...

Author: /time Magazine | Title: Business Notes: Aug. 19, 1985 | 4/18/2005 | See Source »

Perhaps it was the boos and catcalls that made the players and the owners settle so quickly. Or the coolly persuasive presence of Peter Ueberroth, the former Olympic czar turned baseball commissioner, who publicly positioned himself as the fans' representative. Or the sheer cost of the walkout: on average, $2,000 a day in salary per athlete, $1.17 million a day in revenue per owner. In any case, the players had barely finished packing up their gloves and blow-dryers to head home last week when word filtered out that the strike was over. By Thursday, two days after...

Author: /time Magazine | Title: Baseball: A Win for the Fans | 4/18/2005 | See Source »

Some reporters accused Ueberroth of running for higher office and began referring to him as "Senator." Charged Boston Globe Sportswriter Peter Gammons: "Maybe there wouldn't have been a strike if Ueberroth hadn't encouraged players to believe that he'd step in on their side." But when the strike was settled, a more typical opinion was voiced by a New York Post headline: IT'S PETER THE GREAT...

Author: /time Magazine | Title: Baseball: A Win for the Fans | 4/18/2005 | See Source »

...growing gap between the rich clubs and the poor ones. Unlike pro football, which divides a pot of national televison money equally among its 28 teams, baseball relies more on local television revenue. The owners in big media markets, such as George Steinbrenner of the New York Yankees and Peter O'Malley of the Los Angeles Dodgers, understandably are not eager to share their advantages with less well-endowed clubs, like the Seattle Mariners. They argue, with some justification, that the prices they paid to get into the game reflected their lucrative market potential. Nonetheless, in the bidding wars that...

Author: /time Magazine | Title: Baseball: A Win for the Fans | 4/18/2005 | See Source »

...they returned to doing what they longed to do, chasing fly balls and elusive records in ball parks filled with fans. This is the real world of baseball, which is itself a beautifully unreal world. Magically last Thursday night, the man of the hour ceased to be Peter Ueberroth and again became Pete Rose. --By Evan Thomas. Reported by Thomas McCarroll/New York, with other bureaus

Author: /time Magazine | Title: Baseball: A Win for the Fans | 4/18/2005 | See Source »

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