Thursday, January 15, 2009

Baa Baa Black Sheep



While we have taken several significant steps to adjust our cost structure during the year, including reducing department budgets and suspending salary increases for 2009, the acceleration of the economic downturn forced us to take additional measures to align our operations with our expected revenues.


Are the economists admitting defeat? Are they embracing socialism? Do they believe in unilateral price controls? Did Atlas just shrug? Did the holy grail of market efficeincy just lose credibility in the courtroom?

Have you any wool?
Yes sir, Yes sir, three bags full.

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