In 1873 Jules Verne published the novel “Around the World in 80 Days“, in which an English Gentleman attempts to circumnavigate the Earth on bet. At the time the story was taken as simple fiction.
In 1889 Nellie Bly actually succeeded in making the trip and did it in just 72 days.
Today the Space Shuttle can make the trip in about 90 minuets.
A new plasma based rocket engine system, named Vasimr, has just recently been approved for testing on the ISS in 2012. The new engine could make it possible to travel to Mars in as little as 39 days, making around trip voyage of less than 80 days.
could we finally be on the Brink.
Yesterday the Treasury announced that it would let 10 of the largest TARP recipient banks to start paying back as much as $68 Billion of the $200 Billion that was given out. While this is definitely a good sign we are not yet in the clear.
While the collapse of the U.S. banking system is no longer seen as an imminent danger, access to the capital markets remains difficult and bank balance sheets are clogged with troubled loans and other assets. Most of the nation’s 8,000 banks are being hammered by the recession, and the number of bank failures is expected to climb. The 10 banks seeking to return government money will be able to continue leaning on the U.S. government in other ways, including by issuing debt guaranteed by the Federal Deposit Insurance Corp.