[Pen-l] well put!

[Jim Devine <jdevine03@xxxxxxxxx>]

SLATE's news summary summarized the stats well:
>All the [major U.S. news]papers lead with a report showing the U.S. economy shrank at a rate equivalent to 5.1 percent last fall—the worst contraction since 1982. Businesses failed to cut production fast enough after the financial crisis hit in October, so now they're stuck holding vast inventories of unsold goods. (Truly vast: If you count unsold goods as GDP growth, the rate of shrinkage was only 3.8 percent.) In order to correct, they've begun aggressively closing factories and shedding workers.<

-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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