…and prophets of doom.
Category Archives: Business
Elon Musk’s War
The Outer-Space Internet
No, not Elon’s. The other one.
I wonder though, how realistic it is to think that Virgin Galactic can deliver the satellites, given their track record to date?
[Second link was wrong, fixed now.]
“I Was A Racist”
This is what happens when you value “social justice” over ethics and morality.
Quitting The EU
Tory Bruno
A story about his Twitter account. It is refreshing to be able to interact directly with a CEO like that. Of course, Elon has been doing it for years.
Climate Reporting
It’s a hot mess.
[Late-morning update]
A media round up, and some thoughts, from Judith Curry, on the State of the Union:
what is wrong with President Obama’s statements as cited above?
- His statement about humans having exacerbated extreme weather events is not supported by the IPCC
- The Pentagon is confusing climate change with extreme weather (see above)
- ‘Climate change is real’ is almost a tautology; climate has always changed and always will, independently of anything humans do.
- His tweet about ‘97%’ is based on an erroneous and discredited paper [link]
As for ‘Denial from Congress is dangerous’, I doubt that anyone in Congress denies that climate changes. The issue of ‘dangerous’ is a hypothetical, and relates to values (not science).
And speaking of the ‘deniers’ in Congress, did anyone spot any errors in the actual science from Senator Inhofe’s rebuttal?
The apparent ‘contract’ between Obama and his administrators to play politics with climate science seems to be a recipe for anti science and premature policies with negative economic consequences that have little to no impact on the climate.
BUt the important thing is that they line the pockets of his campaign contributors.
Maybe some day, in a future administration, we can have a grown up conversation about climate change (natural and human caused), the potential risks, and a broad range of policy responses.
Let’s hope.
ObamaCare’s Slow Death
Thoughts from Richard Epstein on overregulation, and trying to solve it by worse regulation.
Full Employment
No, we’re nowhere close to it:
Measured against where these people expected the economy to be at this point seven years ago, the economy is indeed awful. Millions of people who should have jobs don’t, and those who do have jobs are working for much lower wages than would be the case in a healthy economy.
This is the worst economic recovery since the Great Depression. For most of the same reasons.
Note, I don’t agree with Baker’s recommendations, though.
[Update a few minutes later]
Of 3000 counties, only 65 have recovered from the recession.
Tests Of The Dragon Crew Escape System
…have been delayed until “later this year.”
No explanation for the delay.