Category Archives: Business

Business, Economics, Political Commentary, Social Commentary

Payton Comes Around

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Remember a few weeks ago, when the Ares huggers were seizing on comments by Gary Payton that cancelling Ares would double costs for the Pentagon’s solid motors? It never made any economic sense, but it was used as cudgel, however dull, in the battle over the new policy. Well now he’s saying that not only will the effect be trivial, but that it actually benefits the DoD to have more users of the EELVs:

Q. What does the cancellation of Constellation mean for the Air Force?

A. If there are increases to the Evolved Expendable Launch Vehicle (EELV) annual launch rate, that’s a good sign. Right now, we have a plan for United Launch Alliance to do eight launches a year, notionally five for the Air Force, two for the National Reconnaissance Office and one for NASA. So if we can increase that one for NASA up to two or three per year, that would be great for everybody, because we would be buying more rocket engines per year and flying more rockets per year, and that helps with the proficiency of the launch crews…

Q. Are you concerned about the Constellation decision’s impact on the solid-rocket motor industrial base?

A. We’ve come to find out that it has a trivial impact on space launch because we don’t use the big 3½-meter segmented solids on our EELVs; we use solids that are about 1½ meters in diameter.

Well, pardon me, but DUH.

I could never understand why the Pentagon went along with Constellation in the first place.

[Via Parabolic Arc]

Business, Economics, Political Commentary, Science And Society

The Global Green Meltdown

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…gains momentum. Some thoughts on our justified loss of faith in technocrats, from Walter Russell Mead. One point I would add is that much of the green movement was and is driven by the watermelon socialists, who leaped on to it with the collapse of the Soviet Union and (temporary, unfortunately) corresponding collapse in the credibility of socialism. I’d like to think that the current mess, including the collapse of Eurosocialism, will be the final stake through its heart, but I’m afraid that we’ll have to wage this ideological battle over and over, because every generation or two, we forget what a disaster it is everywhere it’s tried, and the basic tenets are a siren’s song to human nature.

Business, Economics, Media Criticism, Philosophy, Political Commentary

The Oil Spill

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…doesn’t make the case for Big Government:

…the idea that because a person or thing can do some things brilliantly doesn’t mean they do everything well. Some writers can’t count past 10 without taking their shoes off; some artists are tone-deaf; some math whizzes cannot learn languages.

Franklin Roosevelt and Albert Einstein were exceptional talents, but asking them to trade occupations would not have been clever. Like Einstein and Roosevelt, markets and government do different things well.

Government is a big and blunt instrument, while markets are smaller and flexible tools. Government acts for the whole, and gives things one direction; markets react to and serve individuals, respond to a great many small discrete interests, and facilitate the pursuit of happiness by creating demands for a great many diverse and various skills.

The frustrating thing is that doing all sorts of things in which it has no business, and isn’t very good at, it’s neglecting the things that it’s supposed to be doing, and being even more incompetent at them in general.

Business, Economics, Political Commentary, Space

What Is A “Bail Out”?

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Can anyone explain to me what Bolden means when he says that he might have to “bail out” commercial space? Does it mean that he’ll have to keep pouring money into them until they deliver the needed product/service? What else could it mean? And if so, are the current cost-plus Ares/Orion contracts “bail outs”? At least with commercial, we have a chance of getting out of that mode. With the POR, “bail outs” (and very expensive ones — fifty billion for both Ares and Orion, though still not as big as GM/Chrysler) are the default.