Wednesday, October 22, 2008

India to the Moon

India sent up an unmanned mission to the Moon. The kids all seem pretty excited, like I remember being when I was little and the US was sending up mission after mission. Some great shots should be coming back. India wants to be taken seriously as a scientific powerhouse, up there in space with the former USSR (and now Russia), the US, China, the EU, and Japan. Big tradeoffs.

In the meantime, the financial markets here continue their descent into the unknown, but the rupee (or the folks trading it) seem (so far, at least) not to want to let it close above 50. Even 49 is a big change from the 38 of a year ago.

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