Category Archives: Business

The Virgin PR Fiasco

I’ve been thinking about it, and this can’t be good for VG. They invite a lot of high-falutin’ people, including a lot of wealthy customers, subject them first to chilling winds and cold to see the vehicle, then have them party in a cold tent with iced vodka, after checking their coats and valuables. Then they quickly herd them outside in subfreezing temperatures and hurricane-force winds without their coats and other things, waiting in the chill blast for buses, shortly after which the tent collapses. Many of them are only now starting to get their belongings back, which were scattered across the desert and probably stopped only by the east fence of the airport. And Burt is saying “I told you so”:

…we drive past Schwarzenegger’s private jet as it taxis along the runway. It has been held on the ground for two hours because the wind was too strong to take off. Moments later we pass the party tent, which has now been reduced to a pile of tarpaulin and twisted metal. “I told them it was a bad idea to hold the event in this weather,” says Rutan.

Throwing a party isn’t rocket science, and it’s supposed to be something in Sir Richard’s wheel house. I wonder how many “future astronauts” had their faith shaken in the company’s ability to fly them safely?

Saw The Rollout

Man, is it cold up here. I can barely type, and even the laptop is running slow.

I was going to live blog the press conference, but my computer wouldn’t even boot until I found some power for it. We watched the plane(s) roll out, emerging from the darkness into floodlights, with searchlights dancing on dissipating (perhaps only temporarily) clouds above the cold desert sky. The wind was blowing at gale force, and cutting right through, with the temps probably in the lower thirties.

More later, after I warm my fingers up. But it may be much later…

[Update a few minutes later, at 7:40 PM]

The party was supposed to go until 9, but they’re evacuating the tent before the wind blows it down.

[Late evening update]

For those of you on the edge of your seats wondering if the tent collapsed on me, I got out before the wind blew it down, and we retired to the Mariah Hotel bar (but tonight, they could have called the wind Mariah, as the old song goes). I just got in from the drive back down to LA. More on the morrow.

More Evidence That These Are Religious Fanatics

After doing yeoman’s duty in going through the CRU emails, Steve Hayward notes:

How is it possible for a group of smart people to write over 1,000 e-mails over the course of a decade without a single shred of wit or humor in any of them?

As the title says…

And as Mark Steyn notes at the link, the New York Times’ Andrew Revkin has been excommunicated.

A View From Inside The Sausage Factory

…from someone who escaped:

In Washington, he used his BlackBerry to determine the bailout sum presented to Congress. His arithmetic: “We have $11 trillion residential mortgages, $3 trillion commercial mortgages. Total $14 trillion. Five percent of that is $700 billion. A nice round number.”

Looking back, he says, he is more confident about the two-by-sixes.

“Seven hundred billion was a number out of the air,” Kashkari recalls, wheeling toward the hex nuts and the bolts. “It was a political calculus. I said, ‘We don’t know how much is enough. We need as much as we can get [from Congress]. What about a trillion?’ ‘No way,’ Hank shook his head. I said, ‘Okay, what about 700 billion?’ We didn’t know if it would work. We had to project confidence, hold up the world. We couldn’t admit how scared we were, or how uncertain.”

I’m glad he got out, and wish him well in his new life in California. But it doesn’t instill confidence in the government, nor should it.