December 14th, 2009 by admin

By Pat Nichols

The recession is lifting — slowly, unevenly, but lifting. As the economy strengthens, the opportunities presented by the recession will be amplified. Sadly, they will more often be squandered. Too many nonprofit leaders will succumb to pressure to “return to normal” by reflexively restoring prior programs and positions to the status quo ante.

The evidence of an economic recovery is growing. The stock market has recovered, erratically, half of its lost value. The U.S. Commerce Department reports higher growth than expected in the third quarter (a 3.5-percent annual rate). Even industrial production grew in that quarter. Unemployment will almost certainly climb further but, in spite of that sad fact, consumer confidence is showing signs of strengthening.  MORE . . .

downturn, economy, fear, Management, recession