There were two things that caught my attention with this announcement. First was the funny comment I saw on Twitter:
And second was the 'corporate-ese' that backed up Toby and my beliefs that they are lagging indicators in a down economy. Take a look at this sentence attributed to Reed Elsevier's Chairman, Anthony Habgood:
"The late cycle nature of some of our markets makes for a tough environment in 2010."How could you not love a phrase like "late cycle nature"??? I'm definitely saving up that phrase for my next contract negotiations!