Former Federal Reserve Chairman Paul Volcker, an economic adviser to President-elect Barack Obama, told Major League Baseball owners that it will take longer than many people expect to repair the U.S. economy.
Volcker outlined his concerns about the financial industry and consumers that are driving the slowdown, said Oakland Athletics owner Lew Wolff. He didn't provide a timeframe of how long the decline will last, Wolff said.
``He was pretty much alerting us that this is not over yet,'' said Wolff, also co-chairman of Sunstone Hotel Investors Inc. ``The biggest idea was tha... More >
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