Monday Mar 02, 2009

0
Companies that cut back on research and new product development,
do so at their peril. In the high-tech marketplaceas well as autos,
aerospace and consumer electronicscompanies that cut deep into
R&D will probably fall behind competitors who continue to invest.
You cannot save your way out of a recession, you can only invest your
way out.
- Craig Barrett, recently retired CEO of Intel (Newsweek 2/9/09)
VIEW 6 of 6 COMMENTS
dmac:
God, you totally need to send that to your company big shots. That line about not saving your way out of a recession feels really true. Everyone seems so fearful to spend even a dime! But you'll be pleased to know that yours truly did six "units" in two days.... Take that, you lazy coworker, and take THAT you crappy economy. (Actually, I was pretty amazed myself -- haven't had a day like that in ages!)

I'm still curious to see what the "stimulus package" has in store.
madscience:
Awesome quote. Congress has given $200 million to the National Institutes of Health for research grants, which makes my part of the world very happy (until everyone who applied for the grants but don't get them find out they don't get them wink ). I'm currently well funded but am receiving a lot of pressure to apply for one of these grants, so I might end up doing so.

Re: the comment you made to me about a month ago, I've been trying to find a therapist to help with my cognitive matters, but my insurance SUCKS! None of the therapists that have been recommended to me have been covered by my insurance, and I haven't been happy with the therapists who are covered. I'm now looking into self-pay options. frown

More Blogs