Four myths (including the one that the war ended the Depression). Also, why Obama and the Democrats are so obsessed with the income inequality myth.
Category Archives: Business
A Shocking Development
An OWS protester discovers that his expensive degree in puppetry doesn’t really pay off.
The Higher Education Bubble
When will it pop?
He makes a point that doesn’t get made enough — that what kind of degree you get matters, but a lot of these children (and particularly the ones who are shifting back and forth between occupying Wall Street and occupying their parents’ basements) don’t get that. Nor does the student loan program.
[Update a while later]
Propellant Depots
Over at Aviation Week, Frank Morring says the NASA studies continue:
Michael Gazarik, NASA’s space technology program director, says that CPST and the Space Launch System (SLS) heavy-lift rocket currently under development are complementary technologies. “To explore deep space we need a heavy-lift vehicle — SLS — and we need this technology. We need to be able to demonstrate how to handle cryogenic fluids in space.”
He has to say that. It’s literally politically incorrect to say anything else, and will be until SLS dies. But the reality is that propellant storage on orbit is essential to spacefaring. Heavy lift is not.
[Update a while later]
And…the empire strikes back. A piece defending SLS/BMR by Mike Griffin and Scott Pace, over at Space News. Will I have a response? You bet. Stay tuned.
[Update a while later]
Here is one point (though there are others) that I will really pound on:
The challenge for fuel depots is simply that the marginal specific cost of payload to orbit is generally lower for larger launch vehicles. There may be exceptions, but the trend is clear.
There are at least two avenues of attack. What mine will be is left as an exercise to the students. Oh, and initial link fixed. Sorry.
[Late evening update]
Clark Lindsey has started to rebut, and it’s a good start. But there are a lot more fish in that barrel…
Tom Easton And Virginia Postrel
Congratulations on winning the Bastiat Prize.
Men’s Wearhouse
I wonder what this will do to their bottom line? Judging from comments, nothing good. I’m guessing most of their customers are the 53%. I know they’ve lost my business for good.
An Ineptocracy
A new word to describe where we’ve been headed, if we’re not already there.
[Update a few minutes later]
A beginning of a solution? Legislative perfection.
Income Inequality
…and the education of Jonathan Chait.
Some people are uneducable.
“Terrified Of Democracy”
Well, when what you’re doing is unpopular, democracy kind of sux.
[Update late afternoon]
The “disgrace” of the majority in Britain.
A Few Words For #OWS
…from Bill Whittle.
[Update a few minutes later]
The Left’s war on self reliance (not a permalink).
[Update a couple minutes later]
They are the one percent:
Many “Occupy Wall Street” protesters arrested in New York City reside in more luxurious homes than some of their rhetoric might suggest, a Daily Caller investigation has found.
And what did the arrest records of all those Tea Party members reveal? Oh, wait! There aren’t any.
The Tea Party is a political movement. #OWS is a crime wave.
[Update late morning]
Lifestyles of the rich and arrested — a slideshow of homes of the “99%.”
[Bumped]
Hey, remember how Queen Nancy told us that the Tea Party was just astroturf, not a real grass-roots movement? Well, ACORN has been busted:
…an activist named Channing, who has been at the Occupy Wall Street protests from the beginning, volunteers the information that the former ACORN organization–through its new front group, New York Communities for Change–is paying $10 per hour and $100 per day to homeless people to attend the demonstrations.
It’s such a popular protest among the disaffected, they have to be paid to attend. And I wonder where ACORN is getting the money? From the 53%?