Category Archives: Business

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

Common Sense

3 Comments

…backed up by real math and science, instead of ideology. Thoughts on Kyopenhagen and Climaquiddick from Bjorn Lomborg:

…let’s say we index 1990 global emissions at 100. If there were no Kyoto at all, the 2010 level would have been 142.7.

With full Kyoto implementation, it would have been 133. In fact, the actual outcome of Kyoto is likely to be a 2010 level of 142.2 ― virtually the same as if we had done nothing at all. Given 12 years of continuous talks and praise for Kyoto, this is not much of an accomplishment.

The Kyoto Protocol did not fail because any one nation let the rest of the world down. It failed because making quick, drastic cuts in carbon emissions is extremely expensive.

Whether or not Copenhagen is declared a political victory, that inescapable fact of economic life will once again prevail ― and grand promises will once again go unfulfilled.

Fortunately, reality will still prevail, despite the speechifying and bloviating.

Business, Economics, Political Commentary, Science And Society

Jackson And The Goregonauts

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Thoughts on the EPA’s extortionate power grab, from Jonah:

If Jackson cares so much about sound science, why is she basing some of her policies on data from the discredited scientific frat house, the Climatic Research Unit?

If Jackson cares so little about politics, why did she make her announcement to such fanfare at the opening of Climapalooza in Copenhagen?

In fairness, Jackson is only a Medusa’s head to those who care desperately about economic growth and who don’t think draconian taxes on energy and massive wealth transfers for white elephants in the Third World are the answer to our problems. But for others, she represents another icon from Greek mythology: the Golden Fleece.

Jason and his Argonauts set out to find the fleece so they might place Jason on the throne of Iolcus. The original story is one of power-seeking in a noble cause.

It’s debatable whether the modern tale of Jackson and the Goregonauts is quite so noble. But it’s obvious they’re interested in power and hell-bent on fleecing.

It’s what all their policies are about.

[Update a few minutes later]

Also, read Dr. K on the new green socialism:

One of the major goals of the Copenhagen climate summit is another NIEO shakedown: the transfer of hundreds of billions from the industrial West to the Third World to save the planet by, for example, planting green industries in the tristes tropiques.

Politically it’s an idea of genius, engaging at once every left-wing erogenous zone: rich man’s guilt, post-colonial guilt, environmental guilt. But the idea of shaking down the industrial democracies in the name of the environment thrives not just in the refined internationalist precincts of Copenhagen. It thrives on the national scale, too.

On the day Copenhagen opened, the U.S. Environmental Protection Agency claimed jurisdiction over the regulation of carbon emissions by declaring them an “endangerment” to human health.

Since we operate an overwhelmingly carbon-based economy, the EPA will be regulating practically everything. No institution that emits more than 250 tons of CO2 a year will fall outside EPA control. This means over a million building complexes, hospitals, plants, schools, businesses, and similar enterprises. (The EPA proposes regulating emissions only above 25,000 tons, but it has no such authority.) Not since the creation of the Internal Revenue Service has a federal agency been given more intrusive power over every aspect of economic life.

But that’s just a coincidence. They’re just trying to save the planet, that’s all.

And more on the religious fanaticism:

…while research grants push the global warming agenda, the initial impulse is religious. (Presumably most priests believe in God before their jobs depend upon doing so.) Freeman Dyson, by consensus one of the greatest physicists of the past century, attacks not only the “sparseness of our observations and the superficiality of our theories [about global warming ],” but also the underlying “worldwide secular religion of environmentalism, which views man as an unwelcome interloper in some imagined natural equilibrium.”

In the name of that religion, writes George Will, “communicants in the faith-based global warming community,” who imagine themselves to be a “small clerisy entrusted with the most urgent truth ever discovered,” are asking the rest of the world to wager trillions and hand over a substantial part of their freedom to governmental and intergovernmental bureaucrats.”

Have to pay the tithe to the priesthood.

Business, Space

The Desert Hurricane

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Virgin Galactic has a press release out:

Hurricane Provides Dramatic End to Virgin Galactic’s SpaceShipTwo Event

At the start of a dramatic week of weather right across the US, hurricane force winds hit Mojave Air and Spaceport CA on the evening of Monday 7th December, tearing apart a specially created site which had been used throughout the day to house guests attending the first roll out of Virgin Galactic’s new spaceship.

Along with Sir Richard Branson and spaceship designer Burt Rutan, over 800 press, future astronauts and VIP guests including Governors Bill Richardson and Arnold Schwarzenegger, Princesses Beatrice and Eugenie and Victoria Principal had gathered in the desert to witness the roll out of the world’s first commercial manned spaceship. Standing at the end of the runway, guests braved gale force winds and stormy weather, to see SpaceShipTwo for the first time. The spaceship was carried down the runway as snow fell, by her mothership, VMS Eve, to a spectacular display of lights and music.

A few hours later as guests celebrated, an evacuation was called by local officials who had become aware of the approaching storm. Sir Richard Branson said: “It was absolutely incredible, the roll out of the spaceship had been fantastic and everybody was filled with terrific energy. We were all in the tents when the evacuation was called. 20 minutes after the last of the 800 guests had been coached away, the main 200ft tent literally took off”. Gusts were reported of up to 116MPH, and local residents commented that the Mojave area had not experienced such a combination of high winds, rain and freezing temperatures for over two decades. Both spaceship and mothership were unscathed thanks to the rapid action of the crew as were all guests thanks to an efficient evacuation to waiting buses.

Sir Richard Branson added: “We were fully expecting to be blown away by our beautiful new spaceship but got a little more than we bargained for!”

I have to say, despite my earlier criticism, that this could have been a lot worse, and they did do a good job of getting everyone out quickly. No one was even injured, and some, even many could have been killed without the warning.

Business, Political Commentary, Technology and Society

Your Stimulus Dollars At Work

7 Comments

Some supposedly egregious examples. But I wanted to focus on this one:

$4.7 million for Lockheed Martin to study supersonic corporate jet travel

Now, I don’t know much about this money, or what its actual purpose is. Is it to just study the market? It’s not enough money to do anything serious in terms of advancing the tech, unless perhaps it’s for CFD.

But I don’t think that it’s necessarily intrinsically a bad thing for the federal government to be spending money on, though I think that it’s quite likely that the money will be wasted. More efficient supersonic jets are, after all, a green technology, and they could lead the way to cost-effective supersonic transports, so it could in theory be a good federal investment. The question is: is it appropriate for the government to be making such investments, or should we rely on the industry?

Well, the problem is that most of the industry, at least the big airframers like LM, don’t believe in R&D. At least not as a cost of doing business. They view it as a profit center — that is, they see it as simply another source of revenue, whether provided by the government, or some other customer. But they rarely put their own money into it. Neither does Boeing. Because for decades, they have become conditioned and inured to avoid it, instead going hat in hand to Uncle Sugar for R&D funds, which is happy to hand them out, even on boondoggles. I think that this is one of the reasons that we haven’t seen much aviation innovation — because the people who actually build airplanes aren’t willing to spend their own money on it. Of course, the regulatory and liability environment are also significant factors.

[Afternoon update]

I assume that this is what is being referred to:

The work will focus on “systems-level experimental validation activities” and is part of the NASA aeronautics research mission directorate fundamental aeronautics programme’s supersonics project. Managed by NASA’s Glenn Research Center, the supersonics project is to provide proven capabilities that address the efficiency, environmental and performance challenges of supersonic aircraft. The studies also seek to identify potential requirements for future supersonic aircraft, assess the effectiveness of technology today and identify new research opportunities.

As I said, don’t expect much useful to come from the money. I could do a lot more with it.

Business, Economics, Media Criticism, Political Commentary

The Real Fat-Cat Party

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Thoughts from Jonah Goldberg:

My biggest objection is not to what isn’t true about the claim that the Right is the handmaiden to big business, it’s to what is true. Too many Republicans think being pro-business is the same as being pro-market. They defend the status quo against bad reforms and think they’ve defended economic freedom. The status quo stinks. And the sooner Republicans learn that, the sooner they’ll deserve to win again.

Of course, there are a lot of things they’ll have to learn to deserve to win again.