Quick Hits: NASA to Lay Off Thousands

Minyanville Staff  Apr 03, 2008 11:15 am

Quick Hits: NASA to Lay Off Thousands
 
Brief scrutiny of today's headlines
 

 
NASA plans to lay off thousands of contractors when it shuts down the space shuttle program in 2010. The U.S. government's space agency wasn't able to accomplish with tens of billions what Richard Branson (VMED) did with a few hundred million. Mars, NASA's next money pit frontier, seems a little ambitious.

No segment of the economy is safe from the now infamously "contained" subprime crisis. NASA employees should be reassured, however, that if the government falls on hard times like the American consumer, it can just bail itself out.
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04-03-2008, 3:07 pm
At what point did Branson put 7 people into orbit, keep them there for a period of weeks, and bring them back to the ground in a reusable vehicle capable of deploying new satellites or perfoming on-orbit servicing and repairs of existing objects?
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