I put an orange arrow next to where I'm having trouble comprehending. I understand everything except the last sentence of the paragraph in question.
How is it that we can conclude from the triangle inequality that $\left\lvert b_n\right\rvert$ $\geq$ $\frac\epsilon 2$ for all n $\geq$ N?
Thanks all!

Hint: Rearrange the terms of triangle inequality.
$$|b_{n0}| \le |b_{n_0} - b_n| + |b_n|$$
Thus
$$|b_n| \ge |b_{n0}| - |b_{n_0} - b_n|$$