Hezbollah says they might withdraw as long as the Lebanese army doesn’t mess with their stuff while they’re gone:
Hezbollah indicated it would be willing to pull back its fighters and weapons in exchange for a promise from the army not to probe too carefully for underground bunkers and weapons caches, the officials said.
Amazing.
Property prices are rising fast in Eastern Europe according to Financial Times:
…property prices in Riga, the Latvian capital, surged by 45.3% in the year to June, following on from a rise of 73.5% in the preceding year, with growth also buoyant in Bulgaria and Estonia. Mr. Bailey [head of residential research at Knight Frank] attributed this to a “levelling up” of prices across Europe, particularly in the former eastern bloc nations that have joined the European Union. “Wage inflation, growing prosperity and access to less constrained mortgage finance have all contributed to rapidly rising prices,” he said.
The same transformation could occur wherever property rights are dim and mortgage rates are high. I am thinking of Jamaica, Lebanon, Mexico, Iraq and many, many other places around the globe. Dollarize (or Euro-ize) the economy, offer subsidized mortgages, low property and capital gains taxes for houses, no rent control and put home improvement shows on TV and we will have a global home boom. These are sitting assets that can be taxed and repossessed. They create a home ownership culture, security of a locked door and a place to hang mosquito netting. $30,000 of cinder block housing for every 4th person on the globe would be $45T. This is the head end of the promise of capitalism with liquid lending.
Hey, everybody’s got to be good at something:
A number of people have more than 500 arrests in the city of 226,000 people. The record was held by Edward Rooks, who died in 2004, with 652 arrests.
…and probably even get well paid for it, in an influential publication, if I didn’t want to lose my job. Unfortunately, it wouldn’t pay that well…
Proposition (with which I don’t necessarily agree):
NASA’s approach, a return to Apollo (both in terms of the “we need to set a goal and get there,” and the actual hardware concepts) represents the mindset of a cargo cult.
As Rusty Barton noted over at sci.space.policy, in response to this story, “When Boeing started designing the 787, did its engineers go to the Udvar-Hazy Museum and start pulling parts off the Dash-80?”
Discuss.
OK, my question to Dr. Stanley is, if it’s a good idea for Mars, why isn’t it a good idea for the moon?
“If you refilled the EDS in orbit [using commercial LEO fuel depots] it could act as the MTV,” says Georgia Institute of Technology aerospace professor Douglas Stanley, manager of the November 2005 NASA exploration systems architecture study (ESAS).
Missed the Darwin Award by this much:
His girlfriend said Spangler decided to duct tape the large firework to the old football helmet. He then put on the helmet and ignited it.
I think people tend to draw far too many generalizations on the basis of far too few examples in the launch business.
There is a long essay to be written on this subject.
I agree with this as well:
Ironically, most SpaceX personnel come from Boeing, Northrop and other space companies. It is the sometimes Dilbertian environment, not the individual engineers, that holds those organizations back.
Norman Podhoretz, in a long essay, asks and answers the question.
Can’t wait to extrapolate to this decade (aka, “The Naughties“…
[Via an emailer–if anyone knows to whom to credit it, let me know]
Don Boudreaux says that we need to ignore global warming:
Those of us who recognize these important benefits of capitalism — those of us who understand that capitalism’s true greatness lies not (as many critics insinuate) in producing oceans of pointless trinkets and baubles but in making the lives of ordinary people richer and fuller and longer — are reluctant to yield power to governments to tackle global warming. We worry that this power will kill the goose that’s laying this golden egg.
If you think that such a worry is exaggerated, recall the language Al Gore used in his book “Earth in the Balance.” The former Vice President asserted that we are suffering an “environmental crisis” that can be avoided only if we “drastically change our civilization and our way of thinking.”
“Drastically change our civilization.” Hmmm. This sounds like a call to significantly scale back markets, trade and industrial activities in order to lessen humankind’s “footprint” on the Earth and its environment. We can, no doubt, make our environmental footprint smaller — but how great a benefit will this achievement be if it returns us to the ages-old condition of high mortality and morbidity?
I wasn’t sure whether to file this under “Science And Society,” or “Economics.” Had to go with the latter (particularly since so much of the global warming debate is entirely devoid of this topic).