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We live in a period of enormous change and transformation in Asia - - as all of you well know - - which offer tremendous opportunities and some risks . Jones : Another thing that happened , too , that I was impressed with is that we were in a period where there was a big yuppie thing going on - - a lot of " I , me , my " happening . " Higher education is in a period of profound change and from a teaching and learning perspective , the launch of the Carrick Institute will provide a real stimulus to academic development in the roles of academics as professional teachers as well as researchers , " Professor Ryan said . " She emphasizes that these projects are very valuable in that they introduce US artists and presenters both to the reality of the current performing arts situation in China - - one which is now in a period of dynamic change - - and to artists and art forms which may be otherwise unknown in the US . The first piloted orbital flight was postponed repeatedly in a period starting in December 1961 and only finally resulting in launch at 9:47 a.m. on February 20 , 1962 .