[Pen-l] Remember, the recession isn't all bad

[Charlie <charles1848@xxxxxxxxxxxxx>]

"Remember, the recession isn't all bad: Unsupportable debts are being 
erased. Consumers are rebuilding their savings and lowering their living 
standards to match reality. Workers are exiting dying industries. And 
through distress sales, foreclosures, and bankruptcies, assets are being 
taken away from weak hands and given to strong ones, creating the 
conditions for future growth."
--Peter Coy, "Is the Jobs Panic Justified?", Business Week, Dec. 22, 2008

Teachers might want to parse almost every phrase of this remark in class.
Charles Andrews

_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l