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The situation right now is pretty chronic.

I was in the City today and here's my report after having talked with
several of the store owners.

Last Tuesday, busts were carried out at two of the major outlets, 
namely "Revolver", on 8th Street and Sixth Avenue, and the store, whose 
name escapes me (Second Coming), on Thompson Street and Bleecker 
Street.

Revolver was hit badly, and it is now padlocked.  Apparently, Revolver 
was not only selling bootlegs, but it was doing the unthinkable (in 
record company terms) by pirating copies of officially released albums. 
 This, I'm sure, prompted the busts.  The other store was relieved of 
its entire stock of boots (CD's and videos).  It still remains open, 
but only selling official releases.  Many other stores in downtown NYC 
have clearly been affected by this, and buying boots is now like buying 
kiddie porn, i.e. you have to ask for it and they will only serve you 
if they think you aren't undercover.  I do not intend to name names, 
but one or two stores did have a very small selection on display.

(snip... discussion on Zep CDs)

I am reassured to hear that things should return to normal after a
cooling off period.  I'm sure that the confiscation of the inventories
will cause a rise in  boot prices.  I will make further posts as I get 
new information.

If anyone has any additional news on this I (and I'm sure the rest of 
the group) will appreciate it.  If anyone has any corrections to make 
to what I heard, I'd definitely appreciate it.

Neal