Luxurious College Apartments

built on debt:

When people ask why college tuition is so high, defenders of the higher-education system point to things like “Baumol’s cost disease” (costs in industries without much productivity growth tend to rise, because they have to compete for labor with more productive industries) and declining state contributions to public colleges. No doubt these play a part. But this cannot explain the vast upgrades in college residential amenities that have taken place in the 20 years since I graduated from college, when a student union and some ivy on the walls was about the best you could expect.

But of course, our parents were paying for it, and they didn’t care whether we had a swimming pool. A certain Spartan element was supposed to be part of the ritual of college attendance, just as it had been when they were in college. What changed? I suspect the answer is that rising tuition, and the increasing reliance on student loans, has placed more of the financial responsibility into the hands of students. And the students shop for colleges based on … well, about what you’d expect when you give tens of thousands of dollars to 18-year-olds and ask where they’d like to spend the next four years.

This is policy insanity.

Blue Origin

Several journalists seem to have gotten a personal tour from Jeff Bezos yesterday. Here’s Jeff Foust’s story. Things seem (finally) to be ramping up. I’d say they’re now solidly in the lead in the suborbital race, but they’re also going to orbit.

[Update a couple minutes later]

And here’s Ken Chang’s story. I’m sure that Alan Boyle and Eric Berger will have their own takes. Wish I’d known about it.

[Update a couple minutes later]

Chang’s take is more detailed. I found this amusing:

Currently, most rocket companies launch, at most, about a dozen times a year. “You never get really great at something you do 10, 12 times a year,” Mr. Bezos said. With a small fleet of reusable New Shepard rockets, Blue Origin could be launching dozens of times a year.

NASA proposes to launch SLS once every couple of years. Insane.

[Update a while later]

Here’s Eric Berger’s take. He has more detail about the BE-4 and its implications for the RD-180 issue.

The Space-Policy White Paper

Keith Cowing has some thoughts, with which I largely agree. This was clearly a compromise, in which the SLS/Orion supporters and Commercial Crew supporters agreed to come together to support each others’ programs, and present a united front. Unfortunately for the former, one program makes sense, and the other doesn’t. At some point, it will die, but not before billions more are wasted on it.

Bloomberg

The risk he will not take:

…when I look at the data, it’s clear to me that if I entered the race, I could not win. I believe I could win a number of diverse states — but not enough to win the 270 Electoral College votes necessary to win the presidency.

In a three-way race, it’s unlikely any candidate would win a majority of electoral votes, and then the power to choose the president would be taken out of the hands of the American people and thrown to Congress. The fact is, even if I were to receive the most popular votes and the most electoral votes, victory would be highly unlikely, because most members of Congress would vote for their party’s nominee. Party loyalists in Congress — not the American people or the Electoral College — would determine the next president.

I’m always amused at the horror of some that a president might be selected exactly the way the Founders intended it.

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