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To: John who wrote (140535)12/27/2001 1:09:37 PM
From: benwood  Read Replies (1) | Respond to of 436258
 
Seems like a 2% decline could be partly or wholly attributed to the recession. Some day there will be a decline that will break the hyperinflated salaries in the sports world, too, and soon, methinks. The athletes in baseball have been averaging 18% raises every year for more than 15 years, by my calculations, and most players appear to consider it their birthright now. The same phenomenon has hit music, motion pictures, book advances, CEO salaries, etc., for the top few. The speculation in the stock market is related, too, partly enabling the enormous rise in payouts to the select few in those other economic groups. When the market flounders for a few years, the commitments to the long term contracts will cause much pain.