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  • Archive for the 'Capitalism' Category

    The Mars Chronicles

    Posted by Michael Hiteshew on 30th April 2016 (All posts by )

    Little noticed by many, but SpaceX has moved another step towards a Mars landing (from Nasa Spaceflight).

    SpaceX has entered into an agreement with NASA for a Dragon mission to Mars, set to take place as early as 2018. Known as “Red Dragon”, the variant of the Dragon 2 spacecraft will be launched by the Falcon Heavy rocket, ahead of a soft landing on the surface of Mars. The mission is also part of an agreement with NASA to gain further data on Mars landings.

    Getting mankind to Mars was the original purpose for the creation of SpaceX. Everything they have done, from building the Falcon rocket to creating the commercial launch service, has been to lay the technological and financial foundation for putting people on Mars, permanently. The next developmental step is to build and test the Falcon Heavy, a three booster version of the Falcon rocket.

    FalconHeavy

    Falcon Heavy

    Falcon Heavy will generate over 5 million pounds of thrust from 27 Merlin engines (9 engines x 3 cores) and have a payload of 119,000 lb to LEO and 30,000 lb to Trans-Mars Injection orbit (TMI) and 26,000 lb direct to Mars. Launch cost, minus payload, is expected to be around $90 million. According to Elon Musk, “Falcon Heavy will carry more payload to orbit or escape velocity than any vehicle in history, apart from the Saturn V moon rocket.” Falcon Heavy is expected to debut this year and make its maiden voyage from Vandenberg AFB. According to their agreement with the USAF, certification to carry national security payloads will occur after 3 successful flights and 2 successful consecutive flights.

    Read the rest of this entry »

    Posted in Capitalism, Space, USA | 7 Comments »

    CRS-8 Dragon: Hosted Webcast

    Posted by Michael Hiteshew on 18th April 2016 (All posts by )

    It’s steps like this that move the space program forward. Notice this wasn’t done by NASA or ULA or the ESA. It was done by a private company that didn’t exist 15 years ago. 37 minutes, including the launch, recovery of the 1st stage, and deployment of the Dragon capsule.

    BTW, very cool to me that Spacex did not require the help of a traditional media company for any of this. And it’s actually much better than anything they typically produce. In addition, the people in this video are in the Hawthorne, California, SpaceX facility where these rockets are designed and produced. They designed and built this rocket. And they’re watching it perform almost real time. How amazing is that?

    One of the early developmental tests:   GRASSHOPPER 325M HOP | SINGLE CAMERA (HEXACOPTER)

    Posted in Capitalism, Entrepreneurship, Space, Tech, Video | 18 Comments »

    Government, the things we do together.

    Posted by Michael Kennedy on 6th April 2016 (All posts by )

    cal

    Barack Obama is fond of describing government this way.

    As President Obama said the other day, those who start businesses succeed because of their individual initiative – their drive, hard work, and creativity. But there are critical actions we must take to support businesses and encourage new ones – that means we need the best infrastructure, a good education system, and affordable, domestic sources of clean energy. Those are investments we make not as individuals, but as Americans, and our nation benefits from them.

    That was a reaction to Romney’s criticism of his silly comment.

    I prefer the quote attributed to Washington.

    “Government is not reason, it is not eloquence,—it is force! Like fire, it is a dangerous servant, and a fearful master; never for a moment should it be left to irresponsible action.”

    Now, we see a new imposition.

    The Department of Labor says its so-called fiduciary rule will make financial advisers act in the best interests of clients. What Labor doesn’t say is that the rule carries such enormous potential legal liability and demands such a high standard of care that many advisers will shun non-affluent accounts. Middle-income investors may be forced to look elsewhere for financial advice even as Team Obama is enabling a raft of new government-run competitors for retirement savings. This is no coincidence.

    Labor’s new rule will start biting in January as the President is leaving office. Under the rule, financial firms advising workers moving money out of company 401(k) plans into Individual Retirement Accounts will have to follow the new higher standards. But Labor has already proposed waivers from the federal Erisa law so new state-run retirement plans don’t have the same regulatory burden as private employers do.

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    Posted in Big Government, Capitalism, Economics & Finance, Public Finance | 7 Comments »

    Culture, Cooperation, and Entrepreneurship

    Posted by David Foster on 6th April 2016 (All posts by )

    Claire Berlinski is very pleased with the response to the GoFundMe page in support of her new book ($9700 as of this writing) as well as the strong interest in the crowdfunding investment possibility.

    A conversation between Claire and her brother Mischa suggests some grounds for cautious optimism about the future of this country:

    Read the rest of this entry »

    Posted in Business, Capitalism, Civil Society, Tech, USA | 25 Comments »

    The Dangerous Green Agenda

    Posted by Michael Hiteshew on 2nd April 2016 (All posts by )

    Posted in Capitalism, Environment, Leftism, Politics, Society, Video | 7 Comments »