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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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