How to cope with crisis…

 

 

Prof. Joseph Connolly, distinguished Visiting Professor of Finance and Management at ENPC School of International Management analysed the different crisis the world had faced in the past. Eighty years ago, the U.S. had the Wall Street Crash with a cumulative drop of not less than 89%.  Compared to all previous crisis and the Black Monday crisis in 1987 with a cumulative drop of 22.6% in one day, we relatively had a fast recovery from the crash in 2008, however, we still have a mountain to climb. No one was sure, if the crisis was over yet. “The pattern has not changed – over speculation proceeds in a crisis” as was the experience of the Tulip Crisis as far back as February 1637. Prof. Connolly also mentioned that space expenditure seems 'crash-resistant', because space programmes take 6-8 years, so after a certain moment you have reached the point of no return. This is the reason why in 2008 the space sector has not been yet hit as hard as other business sectors. 

Futron estimates the commercial space turnover in 2008 at over 144 billion dollars, an increase of 19% compared to 2007.

Posted December 15, 2009
 

Introduction and Objectives of the workshop by Walter Peeters Prof. Walter Peeters Director, International Institute of Space Commerce (IISC)

“Normally, think-tanks are coming from the government, however, at the Isle of Man the think-tanks are influences by the commercial side,” was the opening remark of Walter Peeters who is a fellow from ISU and Director of IISC. He briefly explained IISC’s think-tank philosophy, how the workshop came into life, introduced the speakers, and gave a broad overview about the geopolitical influences of space activities – quoting the famous Memo of April 20, 1961 – (Memorandum for the Vice President)

 

If you haven’t heart from the IISC before, please visit IISC’s website at http://www.iisc.im

 

“The IISC is a joint project between the International Space University (ISU) based in Strasbourg, France and the Isle of Man Government.

The Institute’s mission is to become the leading think-tank in the study of economics of space. It is intended to be the intellectual home for the Industry and Space Academia around the world for which it shall perform studies, evaluations and provide serv­ices to all interested parties with the ultimate aim to promote and enhance the world’s space commerce to the general public.


The reasons why ISU chose the Isle of Man include:

- The Island’s political commitment to develop space commerce

- The Island’s space friendly legislation

- The commercial benefits to space companies including low taxes

- Access to orbital filing slots

- The existing clustering of space companies including SES, Inmarsat, Telesat, ManSat, Avanti, Excalibur Almaz and Odyssey Moon


The Institute is a Not for Profit Foundation and has been located at the International Business School (IBS) on the Isle of Man to capitalize on the Isle of Man’s growing importance and position in the world’s space industry.”



 

Posted December 15, 2009
 

Forecasting the Consequences of the Crash of 2008 on Space Activities

WELCOME ADDRESS

The workshop took place at the Isle of Man International Business School - a gorgeous offshore business school surrounded by an idyllic scene. The IBS building is built of many stone quarried from a site near Old Castle Town Road in 1823 and was actually built for religious brothers and sisters, however, never became a nunnery and/or monastery and was later brought by a private investor. It's architectural style is known as “Strawberry Hill Gothic” and was designed by John Pinch - just an ideal venue for a movie:)

 

(download)

Posted December 15, 2009