Not good: The man tapped to head Romney’s transition team should he win the election favors implementing Obamacare on the state level.
The Romney campaign responded to say that Romney intents to repeal Obamacare fully once in office. Still, to pick this man to head his transition team is worrisome.
McCarthyism of the left: Blackballing Nat Hentoff.
The competition heats up: Using video game software, Surrey Satellite has devised a way for nanosatellites to seek each other out and then dock to form a larger satellite.
If the STRaND-2 satellites are able to dock with one another, it opens up a whole new world of space engineering. Instead of building one large spacecraft, as in conventional satellite manufacturing, or using microsatellites flying in formation as is being developed currently, dockable satellites would be modular “space building blocks” according to [Surrey]. Satellites could be made as plug-and-play components that could be sent up in segments using smaller, cheaper rockets or piggybacked with other payloads and then linked together. This would not only be a cost savings, but would allow for much greater design flexibility. It would also make it much easier to repair, maintain, refuel or upgrade satellites. Today, a satellite with a failing power system is an expensive write off. Tomorrow, it would simply a matter of sending up a new power module.
Even the fight against space junk would benefit, since a dockable micro-satellite with a booster pack could easily dock with a dead satellite and either return it to the Earth’s atmosphere or out to a space disposal area.
Something caused the Earth to bombarded with cosmic rays in 775 AD but scientists have no idea what.
An evening pause: I sometimes think all human attempts at communication go like this.
Bipartisan corruption: A bank run by an Obama fund-raiser has gotten an Republican-led House committee to exempt that bank from provisions of the Dodd-Frank act, saving the bank $300 million.
Any law that allows legislators to grant individual waivers isn’t a law at all but a form of extortion: Pay up or you won’t get your exemption. Dodd-Frank, as well as much of all the legislation passed by Congress in the past decade, should be repealed so that everyone gets the exemption.
The day of reckoning looms. Two stories:
“If you’re anxious, you sit on your hands.”
“The bad jobs report is just a very small taste of the nightmare that is coming.”
A new gun range in Texas plans to offer itself for kids’ birthday parties.
An Israeli company has discovered a giant off-shore oil and gas field within Israeli territorial waters.
“The quantity of gas discovered in the licenses, and the high probabilities, make it the third largest offshore discovery to date,” according to Israel Opportunity chairman Ronny Halman, quoted by Globes. He added, ”This quantity guarantees Israel’s energy future for decades, and makes it possible to export Israeli gas, and boost the state’s revenues without worrying about gas reserves for domestic consumption.”
Radio silence: A targeted SETI observation of Gliese 581, the nearest star with exoplanets in the habitable zone, has found no evidence of alien communications.
This was a proof of concept experiment, and though they detected nothing, they also did not rule out the possibility of alien life, as their radio telescope wasn’t sensitive enough to do so. You can download the actual paper here.
In his first two years in office, Democrats gave Mr. Obama everything he wanted, save for cap and trade and union card-check, which would have done even more harm to job creation. They passed stimulus, ObamaCare, multiple housing bailouts, Dodd-Frank and more.
Even after Republicans took the House, they gave Mr. Obama the payroll tax holiday he demanded first for 2011 and again for 2012. Far from some new fiscal “austerity,” overall federal spending hasn’t declined. Meanwhile, the Federal Reserve has delivered monetary stimulus after stimulus—QE I, QE II, Operation Twist, and 42 months of near-zero interest rates with the promise of 30 months more.
Mr. Obama has had the freest run of policy of any President since LBJ. So maybe the problem is the policies.
Maybe Milton Friedman was right that “temporary, targeted” tax cuts don’t change the incentives to invest or hire because people aren’t stupid. Maybe each $1 of new federal spending doesn’t produce a “multiplier” of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion.
As I said yesterday, though no president or Congress is entirely to blame for the state of the economy, they both can do great harm if they make decisions that interfere with the freedom of the market. And sadly, having the government interfere with the freedom of the market has been Obama’s mantra since the day he took office.
