This is an amazing chart. Not that it makes sense economically, but we can be “energy independent” any time we decide to be.
Category Archives: Business
XCOR’s Move To Texas
Jeff Foust reports that it’s not a move — it’s an expansion:
“XCOR sees this as an expansion opportunity,” a source familiar with the deal said in a phone interview today, emphasizing that XCOR would be expanding to Midland, not moving there entirely from Mojave. “They plan on maintaining a presence in Mojave. This is all about growth.”
More details are expected at a press conference Monday at 3 pm EDT in Midland featuring XCOR and local officials. Some open questions about the planned deal include the timing of XCOR’s arrival in Midland and whether Midland International Airport plans to seek a launch site operator’s license (aka spaceport license) from the FAA’s Office of Commercial Space Transportation, which would be needed if XCOR planned to conduct test of operational Lynx flights from the airport. (There’s also the issue of integrating a flight test program into the normal operations of a commercial airport like Midland’s; one of Mojave’s strengths is that it is well-suited to experimental aircraft and spacecraft tests.)
So it sounds like they’ll keep Lynx development in Mojave, and not disrupt it with a move.
But still, if California wasn’t the worst place to do business in the country, they’d be happy to grow there instead. But until that changes, all of their growth is likely to be into other states. And California will continue to circle the drain economically.
Jobs Report Commentary
Twitchy is on the case.
California Chases Out Another Company
XCOR Aerospace is moving to Midland, Texas. I wonder how many current employees are willing to make the move, and who is not? Must have been enough.
[Update a few minutes later]
I wonder where Midland Airport is in their spaceport status? Have they even started the process? The environmental assessment could be a delay. This is a blow to Mojave, but there’s nothing that they can do about it short of Kern County seceding from the state.
The Labor Market Depression
The jobs swoon continues in June. I think that things are likely to get worse as we approach the election, and they won’t improve until business sees that Washington’s war on it is coming to an end.
Scientology
…wants to censor the news over the TomKat break up.
Good luck with that. Particularly considering what an ungrammatical dolt the email writer is.
Obama’s Green Energy Projects
Are any of them solvent? And what kind of idiot would think that a physicist would be a good judge of business plans?
Less than four months now until our opportunity to get these clowns out of our lives.
The Housing Crisis
As we all know, because Barack Obama and others tell us every day, it was Bush’s fault. Except when it wasn’t:
The report concluded that Countrywide executives used a special VIP loan program to try to stop legislation that would have restrained the company’s business with Fannie Mae. Countrywide had an exclusive agreement to sell billions of dollars in mortgages to Fannie Mae at a discounted rate, according to the report issued by committee chairman Darrell Issa, a California Republican.
“This report sheds new light on Countrywide’s relationship with Fannie Mae and how Countrywide used its VIP program to cement its ties to its taxpayer backed business partner,” Issa said in a statement. “Other than Countrywide, no other entity’s employees received more VIP loans than Fannie Mae.”
Well, if you don’t consider Chris Dodd’s. What political party were Jim Johnson and Franklin Raines, again?
On The Scarcity of Dale Amon
A report from Mojave. I saw Dale a couple weeks ago when I was up there.