News In Brief
DO ME A FAVOR: STOP AT 69
Have you ever paid a substantial sum for an investment, only to watch helplessly as its value erodes before your very eyes? Imagine, then, what emotions Todd McFarlane must be experiencing. In 1999, the Mesa, Ariz., entrepreneur bought the baseball that Mark McGwire of the St. Louis Cardinals hit for his historic 70th home run of the season. Price: $2.7 million. But by this October, the trophy could be worth little more than the cost of the materials in it. That's because Barry Bonds of the San Francisco Giants already has 39 homers this year and is on pace for an incredible 87, which would obliterate McGwire's record. Still, McFarlane professes not to be worried, telling a local newspaper: "Let him get to ... 60, then we'll talk about it."
MADE IN TAIWAN
Factoid: If you'll be flying a new American flag on Independence Day next week, it may well have been sewed overseas. Census Bureau data indicate the US spent $747,800 last year on imported flags.
Dig deep if you're ready to buy a house in San Francisco
The same four-bedroom, 2,200-square-foot house that you'd pay just under three quarters of a million dollars for in San Francisco likely would cost you less than $175,000 in Dallas, a new survey by management consultant Runzheimer International finds. The Rochester, Wisc., company studied comparable data for 300 US and Canadian cities where middle-income families typically seek housing. Selected cities from the survey and the current value of a home of the above description in each:
San Francisco $746,500
Los Angeles 454,900
Kansas City 185,600
(c) Copyright 2001. The Christian Science Monitor