The massive drop in equity wealth over the past two years, the sharp decline in capital investment, and the tragic events of September 11 might reasonably have been expected to produce an immediate severe contraction in the U.S. economy. But this did not occur.
Once again, therefore, let us salute all the nominees and winners under our 2009 Praise Awards with a well-deserved round of applause! Let us also congratulate for a job well done all those who worked on our 2009 selection process under the Praise Committee headed by Deputy Governor Andy Suratos and Assistant Governor Juan de Zuñiga! Palakpakan din po natin sila.