Devon Island Expedition

Devon Island Expedition
This blog features educational updates on my Devon Island Expedition of July 14-20, 2007. Other sites:,

Friday, February 13, 2009

New Winds Blowing, North and South.

Wow, Secretary of State Clinton spoke today to the Asia Society. She is leaving on Sunday for a big Asia tour, and emphasized the importance of Asia to the US and the world at large. She particularly mentioned that a positive and cooperative relationship with China was key to peace and prosperity. What a difference an administration makes!

I think that space exploration would be a good place to find common ground between the US and Asia, just as it has been for the US and Russia. True, that relationship has been rocky, but overall, I'd say that it's worked out a whole lot better than the US or world economies of late!

Speaking of which, what do you think of the Obama stimulus package? I am generally against big government and big government spending, but I'm not at all certain that tax cuts would do it either. I really don't know what to think about all of this.

Where did all of the value in the markets go? Right up into thin air. Think about it and you will realize that perception IS everything. If one thinks something is real, then it is. Once a few no longer believe, it can quickly domino into what we have today.....A big, fat recession, which is worldwide. It's even being felt in Dubai! I just read a story about foreigners dumping their nice cars in the airport parking lots, to flee the country. Just amazing.

I do think things will get better, these things go in cycles. It's just that this is the biggest one yet.

Buckle up!

Leroy Chiao

1 comment:

Unknown said...

Here's a question: How is this global recession going to impact the development of commercial space enterprises? Are we going to see a bigger slowdown as a result of the fewer space tourists capable of affording such big ticket flights, or do the sheer costs of the operations make them in a way recession-proof?