OPEC boycott forced country to think about its dependence on Arab oil
On this day in 1974 as reported by The Christian Science Monitor :
HYANNIS - Cape Cod businessmen anticipate bankrupt businesses and soaring unemployment if the gasoline shortage continues into the summer without special provision for their tourist-based economy.
But it tourists can be moved to, from and around the Cape - even without adequate gasoline - the cape's tourist industry could continue to prosper.
So Cape Cod businessmen and town officials seek renewed rail service and more bus and air service while they also push for additional gas supplies to all Massachusetts resort regions.
Their efforts so far have not met with great success.
Read about the 1973 gas boycott here.
Number of single-family homes sold rose 13% in January compared to a year earlier
On this day in 2007 a sharp rise in January home sales and modest price declines indicated that the Massachusetts real estate market may be recovering from its worst slump in more than a decade. The number of single-family homes sold rose almost 13 percent in January compared to a year earlier, the first increase in the last 10 months, according to the monthly housing report released yesterday by the Massachusetts Association of Realtors. Sales were strongest on the South Shore of the Boston metropolitan area and on Cape Cod. The median price of a single-family home fell to $340,000, 2.4 percent lower than a year ago but virtually unchanged for the past four months.
A year later the worse recession since 1929 hit America and the world.
Mayor Lang hopes for more baseball in Whaling City
On this day in 2007 the Cape Cod Baseball League played off-Cape for its all-star game for the first time since 1999, and it's coming back to New Bedford for at least one regular-season game this year. Wareham Gatemen general manager John Wylde and New Bedford Mayor Scott Lang hope both are signs the league will continue to spread west.
"This is just a great opportunity for the town of Wareham and Southeastern Massachusetts," Wylde said. "In our way, we kind of represent Southeastern Massachusetts." The Gatemen will host the Cape League All-Star Game at Spillane Field on July 28. Wareham is the Western-most team in the league — the only organization located before the Bourne Bridge.
On February 29 (yes, on the 'Leap Year') Anheuser-Busch agreed to sell its Cape Cod Potato Chips business, as well as the plant in Hyannis MA, where the chips are made, back to the founder, Steve Bernard. Terms were not disclosed. (Dow Jones)
Steve died in March of 2009, New York Times.