Category Archives: Business

Business, Economics, Law, Media Criticism, Political Commentary, Space, Technology and Society

The SLS Disaster

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Eric Berger writes that Congress is forcing NASA to eat its seed corn for the #JourneyToMars.

Yes.

[Update a while later]

This is a key point:

Since Tuesday, I have been asking communications officials in NASA’s Human Exploration and Operations Mission Directorate for clarification on what this extra funding will be used for and whether it’s needed. I haven’t received a response.

Because they don’t have a response. It is programmatic insanity to just throw hundreds of millions of dollars at a manager and expect them to spend it sensibly in a single year.

Business, Economics, Health, Media Criticism, Political Commentary

ObamaCare

10 Comments

We told you so:

Obamacare, as constructed, attempted to fix a dysfunctional health care payment system by creating an even more complicated system on top of it, filled with subsidies, coverage mandates, and other artificial government incentives. But its result has been a system that plucked Americans out of coverage they like and forced them to pay more for less.

Now the insurers are beginning to realize that in spite of all the subsidies and mandates working in their favor, and despite all of the cost-cutting they have had to do at the expense of consumers, they just can’t make money in this system.

Of course, it was designed to fail, to provide a political glide path to single payer.