Will McDonough Quotes

Commercial distress in any great business center will the more surely create widespread disaster.

In 1958, my father invested everything he had in a business venture and became the largest automobile dealership in Chicago for Ford's new Edsel line. But Edsel sales plummeted and my father fell into bankruptcy. I watched him struggle; working long hours to protect us from poverty.

Even institutions of State, such as the judiciary, were seriously weakened, to the extent that the citizenry justifiably feared a breakdown in law and order. The business community was hit by a slump in sales and confidence, leading to reduced earnings and loss of jobs.

My father lost his business. Our house was locked up, and we had to leave.

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.

You know, my Grandpop Finnegan used to have an expression: he used to say, 'Joey, the guy in Olyphant's out of work, it's an economic slowdown. When your brother-in-law's out of work, it's a recession. When you're out of work, it's a depression.'

Nevada was hit hardest by the recession - highest unemployment, highest foreclosure rate, highest bankruptcy rate.

The business is so upside down now. It's not just about the bling-bling.

'Up in the Air' may be a glossy production sprinkled with laughter and sex, but it captures the distinctive topography of our Great Recession as vividly as a far more dour Hollywood product of 70 years ago, 'The Grapes of Wrath,' did the vastly different landscape of the Great Depression.

People don't walk away from their homes unless they can't make the payments. That's an indication that we are in a recession.

You know, every family and every business in California knows what it means to go through tough times.

Consequently many large railroad systems of heavy capitalization bid fair to run into difficulties on the first serious falling off in general business.

What happened is we went into a recession beginning in December of 2007 that was the worst since 1929. And it is a very deep hole that we have been struggling to get out of.

You would hear stories of people that lost their houses. I remember people who had their whole lives turned upside down. I think people did learn lessons from the '80s.

For people worried about the Great Recession and the uncertainty of what is coming next, the characters of 'Mad Men' are good company.

Well, 2009 was a tough year.

My brother works at Weetabix in Kettering. That was taken over, there were redundancies. My other brother is a builder who has lost jobs, lost work. Football is not immune from that, it just happens to be in more of a spotlight.

On one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.

The general unemployment rate is going to continue for a long time and for all of us. I have never heard so many heart-wrenching stories of all kinds of people all across the economic spectrum.

We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can't act like it's a strong one.

Most people fall upon tough times at some point.

A serious dose of unemployment and a spate of bank failures can make the unelectable electable quite quickly.

Women in finance bore the brunt of layoffs more than their male counterparts during the Great Recession in 2008 and were also more likely to have been in back office jobs that were replaced by computers.

I'm astonished at how quickly the Great Recession came and went.

Many teams in Europe have no money.