Category Archives: Business

Business, Space

And Then There Was One

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With the (at least temporary) departure of Armadillo from the stage, the only VTVL passenger flight vehicles in development appears to be Blue Origin, with no stated schedule for first flight. In the horizontal world, we still have the Virgin versus XCOR race. At this point, given that Virgin said they’d have another powered flight in June, and it’s now August, my money, if not the smart money, would be on XCOR.

Can’t anyone play this game? It’s just suborbital, folks.

Business, Economics, Education, Media Criticism, Political Commentary, Social Commentary

Detroit

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Death by democracy:

Here, where cattle could graze in vast swaths of this depopulated city, democracy ratified a double delusion: Magic would rescue the city (consult the Bible, the bit about the multiplication of the loaves and fishes), or Washington would deem Detroit, as it recently did some banks and two of the three Detroit-based automobile companies, “too big to fail.” But Detroit failed long ago. And not even Washington, whose recklessness is almost limitless, is oblivious to the minefield of moral hazard it would stride into if it rescued this city and, then inevitably, others that are buckling beneath the weight of their cumulative follies. It is axiomatic: When there is no penalty for failure, failures proliferate. This bedraggled city’s decay poses no theological conundrum of the sort that troubled Darwin, but it does pose worrisome questions about the viability of democracy in jurisdictions where big government and its unionized employees collaborate in pillaging taxpayers. Self-government has failed in what once was America’s fourth-largest city and now is smaller than Charlotte, N.C.

This is why the Founders gave us a republic, not a democracy.

Business, Mathematics, Media Criticism, Space

StratoLaunch

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Here’s an article at the WaPo about it. This isn’t correct, though:

It is always desirable to launch to the east to capi­tal­ize on the direction of the Earth’s spin. The Earth travels about 1,000 mph west to east at the equator; you need to reach a speed of 17,000 mph to get to low-Earth orbit, so there’s no point in penalizing yourself 1,000 mph by heading in the wrong direction.

No, not “always.” Only for low-inclination orbits. For very high inclination, or retrograde, it’s actually preferable to launch from a high latitude (ideally, for a retrograde orbit, you’d like to launch from a pole, to eliminate any earth rotation, because it’s rotating in the wrong direction).

Business, Economics, Media Criticism, Political Commentary, Science And Society, Technology and Society

The Social Cost Of Carbon

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…and the much higher cost of carbon denial:

…the relationship between GDP and carbon is not merely linear, but quadratic, with total economic output rising as roughly the square of carbon use. For example, since 1975, carbon use has doubled, causing a quadrupling of global GDP. Furthermore, if we take the ratio of current global GDP ($60 trillion) to carbon use (9 billion tons) and divide it out, we find that, at present, each ton of carbon used produces about $6,700 of global GDP.

So each ton of carbon denied to the world economy destroys about $6,700 worth of wealth. That is the difference between life and death for a Third World family. Seven tons denied corresponds to a loss of $47,000, or a good American job. Since 2007, the combination of high oil prices and a depressed economy has reduced the United States’ use of carbon in the form of oil by about 130 million tons per year. At a rate of $6,700 per ton, this corresponds to a GDP loss of $870 billion, equivalent to losing 8.7 million jobs, at $100,000 per year each. Were we to implement the program of the Kyoto treaty, and constrict global carbon use to 1990 levels, we would cut global GDP by $30 trillion per year, destroying an amount of wealth equal to the livelihood of half of the world’s population.

These people understand neither science, or economics.

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

Obama’s Five Disconnects

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…as pointed out by Mickey Kaus:

Does Obama recognize that his initiatives have a weak connection, and even perverse connection, with actually achieving his goal? I hope his biographer, Jonathan Alter, will tell me. But either way, there’s a vacuum between his speechmaking and governing. Is that unusual? After all, Democrats have campaigned for years by arguing that Republican policies benefit the rich–think of all the distributional tables Democrats distributed to fight Reagan’s budgets-without ever saying how much inequality, exactly, they’d be willing to tolerate.

But Obama isn’t vague or incoherent. He’s quite precise about where he wants to go–namely back to something like what we had three decades ago. If his means don’t come close to matching his ends, if they even subvert them, that seems a more troubling, almost pathological mismatch, in which liberalism becomes a sort of cargo cult whose mechanisms have zero hope of achieving the desired results.

Yes, it is a cargo cult, driven by magical thinking.