Category Archives: Economics

The Entitlement State

…has begun to eat its own:

The biggest federally funded program (Medicaid) is competing directly with the next-biggest set of programs (education). State politicians are now squeezed between the two most voracious (and unionized) constituencies in American politics: the education blob, and the health care/AARP/provider complex. They will want a way out; otherwise, they’re toast. And the only way out is interposition to Obamacare.

When something can’t go on, at some point, it doesn’t.

Golden Spike

It’s a half hour until the press conference. They’ve put up this promotional video:

Here‘s the Twitter feed.

[Update a few minutes before the conference is due to begin]

Charlie Martin has a scoop interview with Alan Stern.

[Update at 2 PM EST]

Adam Mann has more over at Wired.

[Via Brian Doherty]

[Update a couple minutes later]

Joel Achenbach has the story at the WaPo as well.

[Update a few minutes in]

Jeff Foust is tweeting from the press conference. So is Alan Boyle.

[Update a while later]

Looks like the company web site has finally gone live.

[Update a while later]

OK, party seems to be over, with a lot of questions remaining. Impressive board, technical architecture described, potential customer interest, but they need to raise billions of dollars.

I personally know almost everyone on the board, FWIW.