Word: selling
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Dates: during 1980-1989
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While the study was billed as an attempt togenerate momentum for an oil import tariff, itsucceeded most in calling attention to itself.Many reporters who attended the briefing say thatthey were suspicious of the hard-sell packaging ofthe report and of its funding sources. And thoughCapitol Hill never made much movement on oilimport fee legislation, several major funders ofthe EEPC who opposed such a fee have seemed tomake a point of distancing themselves from thecenter...
...liquor licenses would be granted. The old licenses retain their validity and may be passed down by locations, or if the club moves it can retain its license. But according to the regulation a new bar may not open in a space which was not formerly licensed to sell liquor...
Despite the subsidies, many businessmen who bought minor-league teams back in the mid-1970s had a hard time turning profits. Recalls Stan Naccarato, president of the Tacoma Tigers: "Some of those owners couldn't sell $10 bills for a dime." They were happy just to kick the dirt in the dugout and scout the next Nolan Ryan...
...spectacular appreciation in the resale value of most clubs. Case in point: North Carolina's Durham Bulls, the Class A farm club of the Atlanta Braves featured in Bull Durham. Durham Businessman Miles Wolff bought the hapless Bulls for $2,500 in 1979. Today the team would sell for about $1 million. The Class AA Harrisburg Senators of Pennsylvania were unloaded for $45,000 in 1980 and are currently valued at some $1.5 million. Ten years ago, even Triple A clubs could be picked up for $50,000. Now they are worth between $2 million and $5 million...
...cease-fire takes hold, however, the long-term outlook for petroleum prices is far from settled. Economists estimate that the two countries will need a total of at least $300 billion to rebuild their ravaged economies, twice their annual gross national products. The simplest solution is to sell more oil. Analysts predict that Iraq could nearly double its current production of 2.4 billion a day by 1990; Iran's daily capacity might jump from 2.5 million to 6 million. If they pump that much oil to pay for reconstruction, prices will plunge...