Word: hardding
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...cried that night. We shivered in our collective adrenaline-fueled shock. We were physically unhurt, physically just fine, but that night our bodies shook with fear - everything was gone. A minute before the phone rang, things were good, even great. Afterward they would never be the same. All our hard work, all our savings, all our plans were wiped out forever. (Watch the video of Madoff pleads guilty...
...hard to see the arguments you must have made to yourself: "Look, I got into it innocently. I needed to pay people, and I thought I could work my way out. But it never happened and I kept quiet, and I got in deeper and deeper. There was no turning back." There's the justification story that goes: "Wait a minute - all you investors were just as greedy as me. You didn't complain when the money was good. I gave you a lot of good years. More than anyone else, blame yourself." Then there's the cleansing argument...
...feel sorry for you, Mr. Madoff. You wasted your life and devastated thousands. But there's a fundamental difference between us: we're still in the game, we're still fighting, reinventing ourselves, learning hard lessons and moving on to perhaps a better life, if we survive...
...hard to fathom why. Carmakers are grappling with an extraordinary shortage of credit and customers. Sales in Europe - where the $700 billion auto industry accounts directly or indirectly for 1 in 10 jobs - dropped to a 15-year low last year, with little sign of picking up in 2009. Toyota announced on March 11 that 4,500 workers at its British factories would see their pay and hours slashed 10% for a year starting in April. The German and British governments are still in talks with GM over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel...
...their elders about bad behaviors, or whether they're just plain old bad. Probably a bit of both, says Kenny. "They are the newest in the professional world, so they are still learning the professional lessons of integrity and quality," she says. "Sometimes they can only be learned the hard way." (Read "Does Office Romance...