Is Golf on the Downswing?

GOLF HAS LONG been the leisure activity of choice in the corporate world. Now, research suggests that may be changing.

According to the National Golf Foundation, more than half of the golf facilities in the United States reported a decline in rounds played in 2003. The same organization reports that three million adult golfers quit the game every year.

The Wall Street Journal recently ran a series of articles on golf, headlined by one asking how the game can win

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