The crisis hits closer

Today I walked into the international real estate firm where I teach four hours a week and was quickly informed that two of my students are no longer with the company. The news came as a huge shock—these were two of my favorite students, and they’d been some of the most enthusiastic learners. Just last Thursday we’d laughed and enjoyed class together. Today I heard the story of their being fired from their classmate, who is now alone in class with me. As it turns out, one was fired for non-crisis-related reasons, but the other, about to be a father for the second time and a four-year veteran of the company, was let go because, well, times are tough for the real estate business.

2 Responses to “The crisis hits closer”

  1. 1 Margaret Wednesday, 10 December, 2008 at 12:14 am

    Yes…more than half of the Real Estate companies in Madrid have closed…many have (illegally) lowered peoples salaries and just wait until 2009. It’s been happening all year at the more industrial level, but will trickle down to us all in 2009…Let’s hope the banks can hold up!

  2. 2 John Wilpers, Global Blog Coordinator, Monday, 5 January, 2009 at 3:28 am

    Dear Katie,

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    I look forward getting your permission to put your RSS feed on our site. Please reply to: Thank you!


    John Wilpers

    PS If you choose to accept our invitation and would like a photo and a short biography to appear on GlobalPost, please send both to me with your confirmation e-mail or at some time shortly thereafter.

    Global Blog Coordinator
    The Pilot House
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