Mass layoffs produce big winners and losers. Most workers who remain are financially unscathed, even though their employer is struggling.
There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could.
It's one of the fundamental principles of the stock market: When interest rates go up, stocks go down. And along with financial companies and cyclicals, technology companies - with their sky-high price-to-earnings multiples - should be among the biggest losers in an environment of rising rates.
The winner of the elections which saw the participation of almsot 30 million people was the Iranian nation and the losers were those who tried to keep people away from the polls.
EPA takes its Clean Air Act responsibilities seriously and is committed to providing certainty to state and industry partners. We will not use our authority to pick winners and losers in the energy marketplace.
No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about the role of the government and whether it was picking winners and losers.