Down with the LA Times.
It really is embarrassing that we have such an awful newspaper in the second-largest city in the country. Of course, the one in the largest city is pretty bad, too.
Category Archives: Business
ObamaCare
Resolved: It is now beyond rescue.
The question is, will what replaces it be even worse?
Scaled’s Motor-Test Logs
Doug Messier analyzes.
Though I’d like to be, it’s hard to be optimistic about Virgin getting to space this year.
Mars Or Bust
NPR has a story on various peoples’ plans, including Mars One.
ASAP And My Book
Over at Space Politics, Jeff Foust follows up on his book review from yesterday.
No, Vance Brand
Safety should not be NASA’s highest priority. That way lies stagnation.
[Update a few minutes later]
Hey, Vance, was safety “the highest priority” for Apollo 8?
Green Energy In Germany
German businesses are considering jumping ship for cheaper energy prices in the developing world or (gasp!) the United States. For households, these subsidies have acted like a particularly regressive tax. The poor [more] feel the bite of higher electricity bills than do the rich. Germany’s new energy and economy minister Sigmar Gabriel is expected to announce a plan to cut renewable energy subsidies later this week in an effort to keep electricity prices down. That will be a step in the right direction, but significant damage has already been done.
And all in the name of junk science and pseudo-religion.
More on the EU’s turnaround at Der Spiegel.
China’s Shadow-Bank Bubble
Is it about to pop?
If too many shadow lenders go under, China’s credit-dependent economy might slow down too much. Of course, this might happen no matter what the government does. Shadow banks have made so many loans the past five years that it’s hard to believe a lot of them won’t go bad. They can borrow more money to try to hide any losses, but that wouldn’t be easy if inflation and interest rates rise. The worst of the worst would go bust, and people might panic once they discover that their guaranteed returns were neither. They might already be. China’s biggest bank just announced that it won’t make investors whole after it sold them a trust product called “Credit Equals Gold #1″—yes, that’s really what it’s called—that looks likely to lose money. It’s China’s version of Wall Street selling people crappy CDOs it told them were risk-free.
Goody.
The Normal Healthy Paranoia
…of the launch business.
SpaceX has gone through quite a learning process in the past decade, and now they’re poised to take over the industry.
Safe Is Not An Option
Jeff Foust has a review of the book (in the context of last week’s release of the 2013 ASAP report, which I’ve been meaning to comment on), over at The Space Review.
[Update a while later]
And of course the server at The Space Review would go down the day that he reviews my book. I must have crashed it with my link. 😉