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Quotes of the year.

Article Excerpt
Jan. 7

'Even though Arizona has really begun a major effort to grow biotech ... the truth is the resources that are needed for the for-profit biotechs, particularly the startup companies, just don't compare to what's in San Diego.'

--Michelle Hanna, chief executive and scientific director of Riborned Biotechnologies, which has relocated from Phoenix to Carlsbad.

Jan. 14

'The likelihood of a recession is now more than a 50-50 proposition. And in a recession, small cap stocks get hit harder than large caps.'

--Bud Leedom, publisher of the California Stock Report.

Jan. 28

'Real estate companies are closing offices and consolidating their agents. Approximately 40 percent of mortgage originators have left the business.'

--Mark Goldman, San Diego State University lecturer.

Feb. 4

'Last year, my prediction for 2007 was "disappointing but not a disaster." For 2008, this could well be a disaster.'

--James Hamilton, economics professor at UC San Diego

Feb. 11

'People are watching their pennies, and from those I've talked to in the nightclub and restaurant business, here and in Las Vegas, I've been told that business is off from 15 to 25 percent and in some cases 30 percent.'

--James Brennan, nightclub and restaurant owner.

Feb. 18

'Our results for the quarter reflect the deteriorating economic conditions currently being experienced in the real estate and credit markets.'

--Chairman and CEO George Haligowski, referring to Imperial Capital Bank's declining profits in the fourth quarter.

Feb. 25 'The process of finding potential partners takes more time than it does here. In Asia, and particularly China, business is all about relationships, all about trust, and about getting to know your partner.'

[ILLUSTRATION OMITTED]

--Bella Heule, president of the San Diego World Trade Center, which is leading missions to China and Vietnam next month.

Jan. 21

'They really need (a new stadium) and have to get out of that mostly...

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