Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: S. maltophilia who wrote (8389)	10/26/2002 9:13:49 PM
From: S. maltophilia	Read Replies (2) of 89467

More tales of woe from the land where recessions just couldn't happen: dallasobserver.com The View From the Bottom What's it like surviving the telecom bust? Numbers alone don't tell the story.BY MARK DONALD One morning in July he starts to cry and can't stop. There is no money left; he has sold or hocked nearly everything he owns and is still $30,000 in debt. Gone are his two cars, his two boats, his 401(k) savings, his dignity. One layoff followed the next--first at Fujitsu, then at WorldCom, then at a start-up that went belly-up. Suddenly at 33, Ted Woods, a man who thrived on structure, is in free fall. It wasn't supposed to be like this, not after he worked his way up from telecom installer to engineer, through the boom years, the brutal 15-hour-a-day years--to prove he was better than the next guy.......

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