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Bernard M - English Conversation / TOEFL / IELTS 一對一英文會話

Tuesday, September 30, 2008

Credit Crunch on Main Street by Matthew Boyle FROM Businessweek

"The ripple effects of the week that shook Wall Street are now being painfully absorbed by nonfinancial companies across the nation, from carmakers to casinos. "Tightening financial conditions have expanded to reach nearly all sectors," says Diane Vazza, managing director of global fixed income research at Standard & Poor's, which, like BusinessWeek, is owned by The McGraw-Hill Companies (MHP). 'Screaming headlines about the financial sector might give some the misleading impression that nonfinancials are mercifully out of the line of fire. Nothing could be further from the truth. The heat will eventually spread.'"

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