The Space Elevator

http://www.space.com/businesstechnoloy/technology/space_elevator_020327-1.html

I heard of this idea in a business magazine as the future commercial ideas dealing with space. Imagine a giant tederball connected to the earth swinging in syncronous orbit somewhere. This is a simple concept of physics that would cut down the energy of sending objects into space dramatically. Sweet! This I think is the most practical, exciting and inevitable thing to happen in the near future.