The Week in Words: Tough out there; Barclays adrift? ; prolonging life

Sunoco's Philadelphia refinery in 2006. Last week, a deal was announced that will keep operations running there. AP
Sunoco's Philadelphia refinery in 2006. Last week, a deal was announced that will keep operations running there. AP
Posted: July 08, 2012

"I felt very strongly that if there was a chance to save Philadelphia a thousand good union jobs, blue-collar jobs, I was going to work to bring people together the best I could to help make it happen."

— Sunoco CEO Brian P. MacDonald, before his company announced a joint venture with the Carlyle Group to keep the Philadelphia refinery operating.

"We're three years past the end of the recession and for many Americans, the recovery has never shown up."

— Mark Vitner, senior economist at Wells Fargo Securities in Charlotte, after a disappointing June jobs report Friday showing unemployment stalled at 8.2 percent.

"It's still tough out there."

— President Obama, on the unemployment numbers.

"There is weakness around the world."

— Stephen Roach, a professor at Yale University and former nonexecutive chairman for Morgan Stanley in Asia.

"Barclays is in big trouble. The captain is gone, the first officer is gone. The chief engineer has gone and therefore the oil tanker is drifting with no port of call."

— Jason Kennedy, CEO of Kennedy Group, a London-based recruitment firm, in response to news of Barclays PLC chairman, CEO and COO all stepping down after the bank's involvement in LIBOR manipulation.

"Everyone now understands that something went very wrong with the U.K. banking industry. From excessive levels of compensation, to shoddy treatment of customers, to a deceitful manipulation of one of the most important interest rates, we can see that we need a real change in the culture of the industry."

— Bank of England Governor Mervyn King.

"Today, even though there's a stigma, people do know the sooner you get into treatment the longer you can prolong your life."

— Georgett Watson, chief of program operations at the South Jersey AIDS Alliance, after the FDA approved OraSure Technologies Inc.'s rapid HIV test for over-the-counter sales.

"It's on track, but we still have to make sure it gets done."

— Sen. Bob Casey (D., Pa.) after an appeals court granted approval for deepening of the Delaware River navigation channel to accommodate larger commercial vessels to Philadelphia.

"An injustice has been perpetrated on all of the communities that depend upon the Delaware River for clean water, healthy fish, and jobs."

— Delaware Riverkeeper Maya van Rossum, objecting to the river deepening.

Compiled from The Inquirer, Associated Press and Bloomberg News.

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