August is prime time to enjoy a national favorite pastime — watching baseball. As you cheer for your team, recall that 25 years ago this month, Major League Baseball (MLB) players went on strike to protest salary caps imposed by owners. The 1994 World Series was cancelled, owners and players suffered financial losses, and fans reluctantly turned to preseason football for entertainment. The two sides reached an agreement only after months of tense, often adversarial bargaining and the intervention of federal mediators...
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