Word: apollos
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...Apollo 17 astronaut Gene Cernan shouted, "Man, oh, Manischewitz," the matzo company's slogan, in the middle of his moonwalk...
...NASA had such a dismal track record since the Apollo program? Reduced funding tells part of the story. The space program received around $40 billion a year (adjusted for inflation) in the mid-1960s, which was at least four percent of the federal budget. But, back then, Americans also had a much greater tolerance for risk: The first successful Apollo mission was launched just eight months after the three astronauts in Apollo 1 died during testing. NASA’s tighter leash today means that riskier programs like nuclear-powered spacecraft don’t make it off the drawing...
...That’s why the primary thrust of the current Constellation program, which plans to build a permanent settlement on the moon as a stepping stone to Mars, seemed good on the surface. Its ambition rivals the Apollo program, and its announcement came on the heels of China’s first manned rocket launch, suggesting a new space race was underway. Constellation also seems to have the support of Congress, which this year proposed increasing funding for the program (at the expense of NASA’s science budget) in order to return to the moon...
...utterly international nature of our present economic hell makes it all the scarier. But in the long run, I think we will also see an upside: the meltdown amounts to a spectacular moment of global consciousness, this generation's version of the Apollo astronauts' iconic 1968 photograph of the earth from the moon - an unforgettable reminder that all 6.7 billion of us are in this together, profoundly and inextricably interdependent. (The sublime always has a bit of terror mixed...
...According to the FT, Leon Black, head of Apollo Management and a crafty investor in distressed debt told the paper that "the extra costs of cleaning up the U.S. banking industry could total as much as $2,000bn", putting further strain on the economy. He said the woes of the commercial property had not yet been reflected fully on bank balance sheets...