Leading Economic Indicators

In January, the National Hockey League labor dispute ended and players returned to work, but as usual, some owners resumed claiming players’ high salaries were killing them financially. In December, The Phoenix Business Journal reported the Phoenix Coyotes stood to turn a profit for the 2012-’13 season only if the lockout continued, wiping out all the games — indicating that, based on the team’s projections, the only way for it to make money was to never play.

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