Jeff Foust has a good write up on the recent suborbital research conference in Orlando.
Category Archives: Business
“Hide The Decline”
…the fraud explained.
The Japanese Economy
Will this disaster be the last straw?
Immediate thoughts:
1) Depending on how much of the nuclear industry was affected, this could result in the need for more imported oil, putting more pressure on global prices.
2) If the yen collapses, it can’t be good news for either Europe or us, as the article points out.
3) This is good news for Korea and Taiwan, and even China, who will pick up a lot of the manufacturing slack at least in the near term.
4) Expect to hear a lot of ignorance about how this is the best thing that could have happened to the Japanese economy, with all the jobs that will be created rebuilding, and comparisons to how they recovered from much worse devastation after the war. This will be a display of the broken window fallacy, and it will be ignoring the fact that the resources necessary for that renaissance (which took decades) came from the US. Any time wealth is destroyed (see “cash for clunkers”), the world is worse off, even if localities benefit.
[Sunday morning update]
The financial impact: five things to watch.
More Unconstitutionality
Today former Congressman Ernest Istook testified before the House Energy and Commerce Health Subcommittee about the $105 billion slush fund in advance appropriations liberals tucked inside Obamacare. The $105 billion bypasses the traditional yearly budgeting process and is spread throughout the 2,700 page legislation. It took the Congressional Research Service (CRS) seven months to identify all the disparate funds and it was not until February (11 months after the bill passed) that all of the funds could be totaled up.
Well, Queen Nancy told us we’d have to pass the bill to find out what was in it. This one only took a little less than a year.
It looks kind of unseverable to me, too.
I’d add that anyone who knew about this and voted for it is either ignorant of the Constitution, or indifferent to it, or both. I’d bet on both in most cases, but if the latter, it’s a violation of their oath of office.
The Climate Gravy Train
High Gas Prices
Ten things not to do about them. But you can bet that many economic ignorami will be calling for all ten.
Dispatch From The Bizarro World
Thanks to this bill — which doesn’t touch any of the civil service protections afforded public workers, nor any private-sector unions — public sector workers will have a choice over whether to join a union. Thanks to this bill, public workers who elect not to join a union won’t be forced to pay dues anyway. Thanks to this bill, elected officials won’t be negotiating away taxpayer dollars with the people who finance their campaigns. So, naturally, the Democrats call it the the undoing of fifty years of “civil rights.”
Naturally.
Cheer Up
The world’s biggest bond fund is dumping US debt:
You may think the Ryan Roadmap looks harsh and disruptive. But we simply must start dealing with these things right now, while we have some resources, some options, and some time. It will be much more harsh and disruptive to try to deal with these things after the fiscal crisis is upon us, when inflation is skyrocketing, unemployment is through the roof, and the markets start demanding a very high premium to finance the debt of Washington, the states, and the cities, if indeed investors are willing to do so at all.
We are in an extraordinarily dangerous period, one that calls for real leadership in Washington, where the geniuses in charge are currently locked in a death struggle over whether to cut nothing or next to nothing.
NPR? Foreign aid? Food stamps? That isn’t going to do it. The fact that we’re even having a discussion about whether we have to federally subsidize experimental opera companies in Topeka suggests that the message has not quite hit home. Maybe when the Social Security checks stop coming, Americans will notice. Which is to say, when it’s too late.
The country’s in the very best of hands.
A Civil War
Coming To Their Senses On High-Speed Rail
Even in California? It’s certainly insane to think the state can afford it, but then, this is the state that has voted to destroy its economy with crazy emissions rules, and then doubled down on it. So, we’ll see.