Category Archives: Business

Business, Political Commentary, Space, Technology and Society

Good News On ITAR

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I’ve long said (to paraphrase Mark Twain) that ITAR is like the weather — everybody talks about it, but no one ever does anything about it. Well, that may be about to change:

The legislation gives the president the authority to remove satellites and related components from the US Munitions List (USML), hence removing them from the jurisdiction of ITAR. (It would not, though, allow the export of such items to China.) Other provisions of the legislation would direct an ongoing review of the USML “to determine those technologies and goods that warrant different or additional controls”, which could benefit the space industry even if the White House didn’t exercise the provision to remove satellites and related components from the list wholesale.

The legislation passed the House last year, but for several months has been sitting in the Senate, raising fears they may never consider it. But speaking on an ITAR panel at the Satellite 2010 conference last week, David Fite, a staffer on the House Foreign Affairs Committee but speaking only for himself, said things were going “somewhat on schedule” compared to authorization bills in previous Congresses. That schedule would have the Senate passing its version of the authorization bill by the summer and a conference report reconciling the differences between the two in September or October.

It’s unclear from the reporting whether or not this will fix the problem for launch providers, or just satellite manufacturers. For instance, will it make life easier for the suborbital folks? Of course, the biggest problem is this:

“We are in an election year,” cautioned Fite. In his 11 years on Capitol Hill, he said, “I have never seen an environment that has been this partisan.” Bill Reinsch, president of the National Foreign Trade Council, concurred. “The danger is that this will become a political issue in an election year, which means it’s not going to be addressed on its merits, it will be addressed by slogans.” That will make it harder for reform to make its way through Congress and could also hurt the administration’s other reform efforts.

I’ve also long said that, as it took Nixon to go to China, only the Republicans can fix ITAR (though Duncan Hunter made sure it would never happen all through the Bush administration) because the Dems can’t afford to look weaker on national defense than they already do. I do fear very much that this will become a casualty of the very ugly campaign we’re heading into.

Business, Economics, Space

A Propellant Depot Architecture

26 Comments

Dallas Bienhoff of Boeing presented their current concepts at a recent NASA in-space servicing workshop. It’s an impressive story of the performance leverage that a depot gives you, even with Constellation. I wonder if the trade includes dry launch in the depot case?

It’s interesting that he shows how they could use a Falcon 9, and an Atlas, but that Delta is unmentioned. Of course, now that ULA has taken over, perhaps Boeing has no institutional bias any more. I assume that this is the story that he’ll be telling at Space Access in a couple weeks, in the panel that we’ll both be on.

I’d like to see more detail on the ops (one of the slides came through as black for me). How do they propose to reuse the GTO/GEO tug? Aerobraking, or impulsively? You might want to check out some of the other papers at the link to Clark Lindsey’s site as well.

Business, Economics, Political Commentary

Message To Dems

6 Comments

People still don’t like ObamaCare. We’re going to follow your sage advice from yesterday, Mr. President, and “bring it ongo for it.”

And it turns out Nancy Pelosi was right — we had to pass the bill to learn what was in it:

Now that the bill has been safely passed and signed into law, the mainstream press is gradually revealing the scores of delightful provisions tucked away in the 2,700 page abomination: job-killing taxes on businesses, innovation-killing taxes on medical products, suffocating regulations on individual freedoms, wealth-sapping taxes on the middle-class, unprecedented intrusions on personal privacy, unconstitutional mandates on individuals, racially discriminatory preferences for favored groups, a Ponzi-scheme-on-steroids financing mechanism, and spending on a galactic, incomprehensible scale.

Not to mention this:

The health care overhaul will cost U.S. companies billions and make them more likely to drop prescription drug coverage for retirees because of a change in how the government subsidizes those benefits.

In the first two days after the law was signed, three major companies — Deere & Co., Caterpillar Inc. and Valero Energy — said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.

With more than 3,500 companies now getting the tax break as an incentive to keep providing coverage, others are almost certain to announce similar cost increases in the weeks ahead as they sort out the impact of the change.

Figuring out what it will mean for retirees will take longer, but analysts said as many as 2 million could lose the prescription drug coverage provided by their former employers, leaving them to enroll in Medicare’s program.

But “if you like your plan, you’ll be able to keep it.” Right? And just think of all the job creation this will mean. For IRS agents.

“Bring it onGo for it,” indeed. For the Democrats, that bill may be the longest suicide note in history.

[Update mid morning]

(Dr.) Paul Hsieh, on the real ObamaCare fraud.

Business, Economics, Political Commentary

Who Can Blame Them?

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The Treasury department sees slim demand for five-year debt.

The socialists may be about to run out of other peoples’ money. Or at least they (and sadly, we) will have to pay a lot more for it.

And as a Californian, this is cheery news:

“Compared to California, I’d rather bet on Iraq,’’ Daher said. “Iraq is a country where there are still bombs going off and people getting murdered, but they are less indebted than the United States. California is likely to have more demands on its resources, and there is no miracle where California is going to have more revenue coming out of the sky. Iraq has prospects for tremendously higher revenues, if they can manage to get their act halfway together, which they seem to be doing.’’

Of course, they don’t have a dysfunctional government.

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

Faith-Based Deficit Reduction

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Note: I’ve been continually updating this post, and will probably continue to do so all day, and keep it at the top. New posts are below it.

Thoughts on the health-care deform by Jimmy Pethokoukis.

[Update a few minutes later]

Nationalizing health care by proxie:

Insurance companies are now heavily regulated government contractors. Way to get big business out of Washington! They will clear a small, government-approved profit on top of their government-approved fees. Then, when healthcare costs rise — and they will — Democrats will insist, yet again, that the profit motive is to blame and out from this Obamacare Trojan horse will pour another army of liberals demanding a more honest version of single-payer.

The Obama administration has turned the insurance industry into the Blackwater of socialized medicine.

Like the financial crisis, it’s right out of the standard fascist playbook. Screw up the market with government regulations, then claim that government regulations are required to fix it. Rinse, repeat, until they control every aspect of our lives.

[Update a couple minutes later]

Is the tax power infinite?

Americans today are not bound to meekly accept the most far-ranging assertions of congressional power based on large extrapolations from Supreme Court cases that themselves come from a short period (the late 1930s and early 1940s) when the Court was more supine and submissive to claims about centralized power than was any other Supreme Court before or after in our history. American citizens, in the political process and in their personal lives, will ultimately have the final word on the Constitution.

Let’s hope that ultimately comes soon.

[Update a while later]

“Every power grab is the base camp for the next power grab.”

[Update a while later]

Ten Obama promises that reached their expiration date this morning.

[Update a couple minutes later]

Americans: the health care debate wasn’t about health care at all.

You can fool some of the people all of the time, but not all of them.

[Update mid morning]

Dennis Prager: the Cold Civil War has begun:

Thank God this civil war is non-violent. But the fact is that the Left and the rest of the country share almost no values. The American value system and the leftist value system are irreconcilable. If the Left wins, American values lose. If American values win, the Left loses.

I like his idea of calling the Democrats “Social Democrats.”

And Mark Steyn has some depressing thoughts on our accelerating journey to Declinistan.

[Update a while later]

Awakening a sleeping giant:

Instead of being discouraged by passage of health care reform, tea party activists across the country say the defeat is a rallying cry that makes them more focused than ever on voting out any lawmaker who supported the measure.

“We’re not going to stop. Obviously, the whole tea party movement started because we’re about smaller government and less spending and less taxes. There is absolutely no way we can pay for this,” said Denise Cattoni, state coordinator for Illinois Tea Party, an umbrella group for about 50 groups from around Illinois.

Cattoni says the health care defeat doesn’t deflate tea party activists. “We couldn’t stop it because of the shenanigans that went on in Washington,” Cattoni said. “People are definitely more driven today than they were yesterday without a doubt.”

Actually, the giant awoke last year, as we saw in Virginia, New Jersey and (most of all) Massachusetts. And it’s not going back to sleep any time soon, contra the fantasies of the Democrats. It’s not only awake, now — it’s enraged. The retribution in November will be huge.

[Update a couple minutes later]

I just noticed this quote at the end of the article from an idiot:

While tea party activists have made themselves heard, University of North Florida political science professor Matthew Corrigan said the movement alone won’t be enough to oust incumbents.

“Do they have energy? Yes. Have they been getting into the media? Yes, but they still haven’t sold me on the fact that they can swing elections,” Corrigan said.

Tell it to Martha Coakley. If I were one of his students, I’d want my course tuition back.

[Update a few minutes later]

Kevin Williamson says that ObamaCare will never happen. Unfortunately, it’s not as good a news as it sounds:

Our budget deficit is currently about 10 percent of GDP and going higher. Greece’s is 12.7 percent of GDP — significantly higher, sure, but not outrageously so. At the end of fiscal 2009, U.S. federal government debt equaled 83 percent of GDP, 53 percent of which is held by the public. (Another 30 percent is “intra-government” debt, meaning money owed to the mythical Social Security trust fund and the like. The usual approach is to talk only about publicly held debt and to pretend that the rest does not represent real obligations, which is malarkey.) But even that does not tell the whole story: Official government debt figures do not account for the Fannie Mae and Freddie Mac obligations taken on by the government, and those amount to $5 trillion, i.e. more than all 2009 federal spending. They also don’t count remaining liabilities related to the Wall Street bailout.

So here’s a prediction for you: Obamacare is not going to happen, regardless of the fact that the president is going to sign it into law today, regardless of what happens in the 2010 and 2012 elections, and regardless of any speech given anywhere in Washington. The government’s ability to simply say “Make it so!” and ignore economic reality is coming up against its limit. If Nancy Pelosi thinks the Republicans are obstructionists, wait until she wants to borrow money from people who don’t want to lend it to her and don’t have to run for reelection.

[Bumped]

Business, Economics, Political Commentary, Space

State Socialists In Space

25 Comments

I use the “s” word because the “f” word seems to really upset people, even though it’s more accurate. It’s a shame that Hitler gave it such a bad name.

Anyway, Jeff Foust has an article today on the irrational antipathy of Congress, on both sides of the aisle, to private enterprise. Well, OK, it’s not all irrational. Some of it just typical rent seeking. Congressman Culberson comes off as particularly foolish, and not just for his Marine analogy:

“If the private sector exclusively owns access to space, who owns the technology? They’d have the right to sell it to any nation on the face of the Earth?” (Not easily, thanks to the export control regime that covers space technology in the US today.)

“Imagine if America had to hitch a ride on a commercial vehicle,” he continued. “If the private sector and the Chinese and Russians control access to space, they could charge us whatever they want.”

Yes. Whatever they want. As long as the price wasn’t higher than their competitors.

Why does this so-called fiscal conservative either not understand, or not believe in, how markets work?

You know who really charges “whatever they want”? A monopoly cost-plus contractor for NASA. Which is why Ares I has already cost about twenty times as much as Falcon 9, for similar capability (if it’s ever completed), with first flight for the former still years away, versus weeks away for the latter.