Category Archives: Business

The Climate Abolitionists

Chris Hayes is going down a dangerous road:

“It’s a bit tricky to put an exact price tag on how much money all that unexcavated carbon would be worth, but one financial analyst puts the price at somewhere in the ballpark of $20 trillion,” Hayes writes. “So in order to preserve a roughly habitable planet, we somehow need to convince or coerce the world’s most profitable corporations and the nations that partner with them to walk away from $20 trillion of wealth.”

Note the phrase: “convince or coerce.” If persuasion were to fail, coercion — presumably by the federal government or some very, very powerful entity — could be pretty rough. Certainly by writing that the “climate justice movement” should be known as the “new abolitionism,” Hayes makes an uneasy comparison to a 19th century conflict over slavery that was settled only by a huge and costly war — a real war, not a metaphorical one. Is that how environmentalists plan to save the planet from warming?

They have to destroy humanity to save the planet.

The Pacific Salmon Are Back

…and of course, the environmentalists hate it:

The point deserves emphasis. The advent of higher carbon dioxide levels in the atmosphere has been a great boon for the terrestrial biosphere, accelerating the rate of growth of both wild and domestic plants and thereby expanding the food base supporting humans and land animals of every type. Ignoring this, the carbophobes point to the ocean instead, saying that increased levels of carbon dioxide not exploited by biology could lead to acidification. By making the currently barren oceans fertile, however, mariculture would transform this putative problem into an extraordinary opportunity.

Which is precisely why those demanding restraints on carbon emissions and restrictions on fisheries hate mariculture. They hate it for the same reason those demanding constraints in the name of allegedly limited energy resources hate nuclear power. They hate it because it solves a problem they need unsolved.

I hope this means a lot of cheap fresh wild salmon in the stores this summer.

The Middle Class

Stop favoring speculators and investors over them.

That applies to both parties. The Republicans could make this an electorally popular strategy, but too many of their donors would object.

I would note, though, that if you’re going to tax capital gains more, you need to provide a way to factor out inflation, because a devaluation of the currency doesn’t provide a true capital “gain.”

Happy Berth Day To Dragon

It was launched on Good Friday, and now the Dragon has berthed with the ISS early in the morning on Easter Sunday, over the region of the world in which Christ was reportedly born, died, and resurrected. That wasn’t planned, though. They’d have preferred to have it up weeks earlier.

Meanwhile, no word from SpaceX about recovering the first stage. I’m going to interpret that as bad news, for now.

SpaceX Flight

Looks like another perfect flight of the Falcon 9 and Dragon. Press conference is scheduled at 1700 EDT, when they’ll presumably tell us how the recovery attempt went. They did report a successful entry burn.

[Update about 5 PM PDT]

Elon has some news:

[Another update about twenty minutes later]

[Update an hour or so later]

I should add that while this is great news, it will still be disappointing if the rough seas prevent recovery, or break up the vehicle, because they’ll lose data they’d like to have to see how the stage handled the flight. That’s critical to understanding turnaround. The good news is that they’ll be able to do this every flight (that doesn’t need a lot of performance, like their earlier GEO missions) to get it right, and finally start to understand that.