Silence The Music
“With turmoil in the financial markets hitting its usual roster of deep-pocket donors, the Pasadena Symphony can’t afford to stage its November concert and has cancelled the performance, co-Executive Director Tom O’Connor said Monday.”
“‘We have been hit pretty hard by what’s been occurring. We planned a gala last fall and two major supporters, IndyMac and Countrywide pulled out,’ he said, citing the failed bank and the troubled mortgage lender.”
The Pasadena Star News.
Think about this for a second....now the pullback is hitting charities, churches, and children. Much of this could have been avoided if we simply addressed the issue earlier. Without restructuring....the economy will continue to grind to a halt. Unless dramatic action is taken soon, prepare for something we have never seen before......and few are prepared.....if preparation can even be had at all.