Taken to new heights, by “no one messes with” Joe Biden. Matt Welch eviscerates accordingly.
Category Archives: Business
Dampening The Asteroid Mining Market
Behold: a carbon-nanotube catalyst that’s over six hundred times more effective than platinum.
[Update a few minutes later]
Sorry, that was sloppy. More cost-effective (that is, cheaper) than platinum, not six hundred times better as a catalyst.
Time To Stop The Nonsense
Florida Today reads the riot act to Congress over its idiotic space policy dithering.
[Update a few minute later]
Time To End The Fed?
It’s worth thinking about.
Solving The Real Problem
One of the most bizarre aspects of contemporary space policy is the degree to which the policy establishment has completely thrown in the towel on reducing the cost of access to orbit, as exemplified by the Senate Launch System. Stewart Money lays out the technical issues on the off chance that the community will come to its senses and decide that this is an important goal.
An RL-10 Killer
I’ve known, or at least guessed, that this was in the works for several months (almost a year, really). It was the only thing that made any sense in terms of why ULA would have wanted XCOR to build a hydrogen piston pump. It’s not good news for Pratt & Whitney — they’re going to lose what has been essentially a monopoly for decades. I would assume that the engine production will not occur in California. They’ll be looking for some place with a sane business environment. Again, I have no specific knowledge, but Florida would make a lot of sense.
[Update a few minutes later]
The latest Lurio Report is out. Clark has the T of C. If you don’t subscribe, you should.
[Update a couple minutes later]
Clark also has additional links on the XCOR story.
[Update a few minutes later]
Busy space news day. The latest Space Studies Institute update is out.
[Update in the afternoon]
It turns out that “Joe” in comments had a good guess as to development time:
Sowers said Monday that the pace of the development will depend on the level of investment as milestones are met in the build-a-little, test-a-little approach favored by XCOR. Under the low-cost development approach, it would be 5-10 years before flight engines are available, depending on how the work goes.
Of course, as I said, my estimate of much less time was based on having “adequate funding.” Sounds like they’re doing go as you pay.
But It’s Not Enough For The Theftists
The US taxes the rich more than any other OECD country.
Markets Don’t Ration
…people do. The difference is who makes the decisions.
The Launch Lab
There’s a nice long piece at Air & Space about Mojave. I’m still reading it, so I may have comments later.
A Bit Of Good News
The law-school bubble is popping:
“I’m hearing from the students I work with that they are concerned about the value of a law degree,” said Tim Stiles, a career adviser at the University of North Carolina. Students, he said, often tell him they have read press accounts about the difficulty of finding law jobs.
Some students are starting to feel they don’t need an advanced degree to improve their career opportunities, college advisers said.
Business-school applications for the fall 2011 class have not been tallied yet by the Graduate Management Admission Council. But last year, the average number of applications to full-time graduate programs declined 1.8%, the Council said, the first decline since 2005.
“When the economy first went down, students saw law school as a way to dodge the work force,” said Ryan Heitkamp, a pre-law adviser at Ohio State University. “The news has gotten out that law school is not necessarily a safe backup plan.”
It’s not just good news because it’s generally good news when bubbles finally deflate, at least for productive activity. It’s also good news because the overproduction of lawyers in itself has high external costs on society. I wish that we could swap a million or so for Japanese engineers.