The resource curse
L.A. teams spend big money on vets, but young talent wins in today's game
IN 1892, A STRUGGLING gold prospector named Edward Doheny watched a cart roll past on strangely black-stained wheels. He backtracked the cart's path to a spot about two miles from the future site of Dodger Stadium. With the sharpened end of a eucalyptus tree, he drilled. Five years later, there were 500 wells in the area, and Doheny had set off the Southern California oil boom.
More than a century later, two LA baseball teams have struck a different kind of rich: ...
Read full story