On Christmas Day, the economy will get a gift: the basketball season. As basketball fans well know, the 2011-2012 season looked to be in jeopardy, with no consensus on how $4 billion in revenue should be split between the players and the National Basketball Association.
But all has been resolved now, and while it may not seem like it at first glance, with the 150-day basketball strike ending and the first games returning on Dec. 25, an innumerable number of small-business owners are now breathing a sigh of relief.
"I'm very happy that everything is resolved," says Peter Lucido, owner of the Greatest Bar in Boston. "We didn't lose too much due to the strike, because of football season, but it hurt us a little bit, and we weren't looking forward to January and February when there's almost nothing to watch but basketball and hockey."