Indian Moon Mission Launched
hackerdownunder writes "India's maiden lunar mission (Chandrayaan-1) got off to a flying start today. Describing the launch as 'perfect and precise,' the chairman of the Indian Space Research Organization (ISRO), G Madhavan Nair, said that it would be 14 days before the satellite would enter into lunar orbit.
Chandrayaan carries eleven payloads: five designed and developed in India, three from the European Space Agency, one from Bulgaria and two from NASA."
The Third World is exploring space, developing scientists and engineers, and developing their economies.
Here in the US, we're developing our military, discouraging the study of science and engineering, discouraging all rational thought (God did it!), spending resources on some nebulous terrorist threat the will come some day (or so we're told), and developing industries based on chance and moving money around.
I wonder which society has better long term prospects for its people, economy, and Government?
At around Rs. 400 Crore / USD 80 Million, it must be the cheapest unmanned moon mission and.... 1st post
"This is Chandrayaan-1 we have a problem."
"You have reached mission control. Your call is very important to us. Please hold and the next available representative will be with you shortly."
"This is Chandrayaan-1 we are losing thrust and are off course."
"Remember, mission control is here for you. Have you heard about our latest service pack upgrades and special licensing agreements? Press one now if you'd like to hear more. If not, continue holding and your call will be answered in the order recieved. Thank you for calling mission control!"
About 18.2 minutes later, ISRO Chairman G Madhavan Nair declared the launch successful which sent over a 1000 space scientists into a bout of jubilation. ( Watch )
Yeah that party sounds like it would be 'off the hook'!
www.purevolume.com/martyd
India's economy has turned around due to technology outsourcing to India by the rest of the world. This outsourcing started happening when Indians began showing the outside world that Indians aren't just the hungry clamouring mobs always shown on TV. As the world realized this, they began to see value in sending work to India. By accomplishing things like Chandrayaan, or building the Tata Nano, etc, Indians demonstrate to the world their talents and abilities, which increases the world's willingness to trade and work with India, creating jobs and economic growth in the country. Some Indians commenting here are unfortunately the backward navel-gazing types, who will never understand the basis for economic growth and alleviation of poverty. They still think in the most primitive backward terms about how to bring development, prosperity and relief to the masses. The lost opportunities and economic stagnation of the past 50 years under the social welfare state show how such narrow mindsets can wreak havoc on a country. The answer lies in Indians showing each other and the world how to be achievers, instead of just beggars forever clamouring with their palms outstretched.
it first.
1.000.000 people unable to pay for their mortgages nets to a loss around $300 bn, if the houses were bought from $600 k by the bank and their values now $300 k.
thats only 1/3 of the cash us had prepared for its banks, its also around 1/10 of the cash that europe has provided.
you see, the funds provided had already covered approx 20 times that loss, if you count in what japan, korea and other nations have readied.
you should have understood by now that this is nothing related to unpaid mortgages or poor people, or fannie mae freddie mac. this is the bullshit that republican bastards are feeding you to get off the hook.
the real problem is this :
banks are allowed to lend approx 10 times the total assets they have. because its logical - money turns slow, so it doesnt create a problem. its all valid liquidity wise. this ratio is a healthy ratio and its checked by government regulation.
but, due to the lawless environment republicans and holistic economists have created by yelping 'hands off business' 'government out' 'government bad for economy, youll cost jobs to people', government regulation was totally hampered in that sector since reagan era.
then what happened ? in this unregulated environment, some bastards realized this ; if they show those mortgages as assets, and then create DERIVATIVE assets over them (called hedge funds in general because they accept all kinds of 'assets'), they can sell/trade those assets !!!
and they proceeded to do that. they created assets linked to those mortgage assets, then started trading them. attracted investors. those funds have inflated in value, disproportionately. imagine the funds value becoming $ 20 trillion instead of the mortgage value of $ 200 bn. this is round one.
in round two, they went further. they showed those DERIVATIVES as assets. meaning, despite they had $200 bn worth of mortgage assets, they now had $20 trillion worth of hedge funds/investments tied to those mortgages !! and they started lending by showing their total assets as $20 trillion plus $200 bn !!! see the point ? they started lending money THEY DONT HAVE !
see the issue now ?!
someone should have stepped in, checked their books and said 'hey, you dont have that much assets. what you are showing me as assets are actually derivative papers tied to OTHER assets. these are NOT real, and they are OVERvalued !!' and stopped them in their tracks.
but noone did. because a lot of poodles were yelping 'hands off economy !!'. so it went like this, those banks lent to countries, governments, megacorporations, traded those investment funds SO widely around the world that every bank in the world got infested by those funds.
then it was discovered. and today we are here.
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