Yes, the economy in shambles. Not just our economy, everyone’s. Company layoffs, left and right. I said to myself at the beginning of it all that “if Google starts laying off people, we’re all in trouble.” Sure enough that happened last month, Microsoft too, and a lot of others are handing out pink slips. Chip makers, hardware manufacturers, basically every gadget company you can think of has been affected by this. SSD making Spansion filed for bankruptcy protection. Which leaves me to think other solid state hard drive makers may soon follow suit.
Will technology advancement suffer from this slowdown? Solid state drives on the cusp of making it into mainstream computers might have taken a step backwards. Less research and development, high cost, questionable long term performance, all issues in holding back this technology. Perhaps this is a sign of things to come.
What about hybrid and electric vehicles? Cost is still an issue, automakers are in a financial crunch. Mere survival is the daily issue, forget making that new fancy green affordable vehicle for the masses. Certainly investing in environmentally friendly expensive technologies is last on the agenda. How will Obama lead the world through this crisis?