Author: Robert Zimmerman

Details of the Wuhan virus Congressional pork bill

9:21 am

With the Democrats in Congress retreating from their effort to stuff the fake COVID-19 stimulus bill with many provisions irrelevant to the virus, including many that would have helped them steal elections, the basic features of the new $2 trillion bill are now becoming clear.

Not surprisingly, it is filled with wonderful payoffs to big and small business, as well as the voters, all of which our federal government cannot afford, and all of which are sadly desperately needed by the citizenry because of the very bad policies the government imposed on the nation because of the virus.

  • Big Businesses: About $500 billion can be used to back loans and assistance to companies, including $50 billion for loans to U.S. airlines, as well as state and local governments.
  • Small Businesses: More than $350 billion to aid small businesses, including $10 billion in SBA grants of up to $10,000 for small business costs, and $17 billion for SBA to cover six months of payments for businesses with current SBA loans.
  • Hospitals: A $150 billion boost for hospitals and other health-care providers for equipment and supplies.
  • Individuals: Direct payments to lower- and middle-income Americans of $1,200 for each adult, as well as $500 for each child.

The bill has a number of restrictions on these payments, which on their face make sense. The problem however is that so far the numbers of people sick from COVID-19 simply do not justify this spending.

No matter. Chicken Little has won again. Common sense no longer exists.

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NASA to use private enterprise for space communications

9:02 am

Capitalism in space: NASA is now in the process of shifting from building its own communications satellites to communicate with ISS as well as many other Earth-orbiting NASA satellites to buying those services from the private sector, much as the agency has done with is cargo and crew ferrying service to the station.

This involves ground stations as well as upgrading its fleet of geosynchronous NASA-built TDRS satellites.

In addition, NASA is seeking industry assistance in replacing the Space Network, which provides communications for more than 40 missions including the International Space Station through government-owned Tracking and Data Relay Satellites (TDRS) and associated ground stations. “While the TDRS System is a fine investment that the government has made, for the future we are looking at commercial alternatives,” said Ted Sobchak, NASA Space Network project manager.

NASA plans a multistep campaign to encourage development of commercial space-based relay networks before the current TDRS spacecraft reach the end of their lives. “Based on past spacecraft performance, the newest generation of TDRS will remain operational well into the 2030s,” Younes said.

The original TDRS constellation of satellites, launched from 1983 to 1995, were actually built for a reasonable cost. At the time NASA did not try to put every bell and whistle on them, but focused instead on their basic mission and getting it launched for a reasonable cost. The management at NASA today almost certainly could not do this. Getting new satellites from competitive private companies will therefore save NASA money, and get the job done faster.

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Rocket Lab suspends launches due to Wuhan virus

8:51 am

Chicken Little wins again! Rocket Lab announced yesterday that it is postponing its next launch from New Zealand, scheduled for March 30, due to the Wuhan virus.

The decision to postpone the launch came after the government of New Zealand announced March 23 that it was moving to Level 4, or its highest response level to the pandemic, effective just before midnight local time March 25. Under Level 4, residents are instructed to remain at home and only essential businesses allowed to remain open.

What the government considers essential is very limited. “Only the businesses absolutely essential to ensure the necessities of life, like supermarkets and pharmacies, can stay open. If in doubt, the business premises should be closed,” Paul Stocks, deputy chief executive of New Zealand’s Ministry of Business, Innovation and Employment said in a March 24 statement.

My sense is that Rocket Lab was forced to do this by the government. The result is the government has become more powerful, and private enterprise weaker, partly because of the former, and partly because its profit margin will be slashed due to the unnecessary delay.

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European planetary missions go dark because of Wuhan virus

2:56 pm

The European Space Agency has suspended operations and shut down several planetary missions, including two Mars orbiters and two solar missions, because of lockdowns imposed because of COVID-19.

The problem is that they don’t have enough people in their mission controls to operate everything. They are shutting these down so that they can continue operations on their Mecury mission BepiColumbo, for example.

The article also tries to lay the blame for the recently announced launch delay of Europe’s Mars 2020 rover to 2022 on the virus, but that’s false. The mission was delayed because it simply wasn’t ready.

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Martian plateaus and buttes

1:38 pm

Martian plateaus and buttes
Click for full image.

Cool image time! Rather than sit in cowering fear, as it appears too many worldwide are doing, I am going to stay calm and carry on. The photo to the right, rotated, cropped, and reduced in resolution to post here, was taken by the high resolution camera on Mars Reconnaissance Orbiter (MRO) on January 20, 2020. It shows a small section of a region dubbed Iani Chaos, a terrain dubbed such by scientists because of its cracked and chaotic nature, flat-topped mesas cut by canyons and fissures.

Chaos terrain is generally found in the transition zones on Mars between its southern highlands and northern lowlands. It was formed over time by erosion processes, either liquid water or ice, that slowly washed out the material along fault-lines, leaving mesas behind. This particular spot in Iani Chaos appears to be late in this process, with the gaps between the buttes wide and many of the mesas worn down into pointy knobs.

The location of Iani Chaos, as shown in the map below, tells us much about its history.
» Read more

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Bezos’ Feb Amazon stock sale earned $3.4 billion, not $1.8 billion

12:04 pm

In early February Jeff Bezos sold of 3% of his Amazon stock, almost twice what had been reported at the time, earning him $3.4 billion not $1.8 billion.

This information is part of an overall sell-off in early February by the top executives of many U.S. companies, totaling $9.2 billion.

While Mr. Bezos’s sales accounted for more than a third of the 2020 sales, thousands of other insiders sold stock. More than 150 executives and officers individually sold at least $1 million worth of stock in February and March after having sold no stock in the previous 12 months, the Journal analysis found.

Wall Street executives also sold large dollar amounts, including Laurence Fink, CEO of BlackRock Inc., who sold $25 million of his company shares on Feb. 14, pre-empting potential losses of more than $9.3 million and Lance Uggla, CEO of IHS Markit Ltd., a data and analytics firm, who sold $47 million of his shares around Feb. 19. Those shares would have dropped in value by $19.2 million if Mr. Uggla had retained them. A spokesperson said the shares were sold under a preset plan.

These early February sell offs are in addition to the sudden sales of stock by four Senators, all conveniently timed to beat the crash that has since occurred.

If I was a cynic I would say they got inside information from their buddies in Congress and the state governments, telling them that the government was going to shut down the economy because of COVID-19, and you better sell.

If I was a fool I’d say that can’t be, these people are all upfront and honest, especially those in Congress. They would never work with the big stockholders on Wall Street to manipulate stocks so those stockholders could make a killing. Never!

Meanwhile, Bezos’ stock sale now gives him a total of $8.2 billion in cash from all his stock sales since 2017. While he has said this money was intended to support his space company Blue Origin, he has also said he wants to spend $10 billion on “climate change.”

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$1 trillion COVID-19 aid bill includes significant funds for foreign aid

9:34 am

According to this close look at the new $1 trillion COVID-19 aid bill that Congress is now considering, a significant amount of the money being allocated will go to foreign aid.

Note that the conservative narrative this past weekend was that the Democrats blocked passage of the aid bill because they wanted to stuff it with their own pet political projects. Meanwhile, the Republicans only wanted to get it passed in order to rush aid to Americans because of the government’s panic that has caused an economic crash.

While the Democratic portion of this narrative is true, the Republican part is a lie. The Republicans have their own pet political projects, and they are stuffing the bill with them also. Moreover, that stuffing includes, according to the article, lots of cash to “the salaries and expenses” of many DC government agencies.

The article also notes this:

To put that into perspective, the first COVID-19 legislation exceeds the $1.1 billion appropriated for Zika in 2016, the $5.4 billion for Ebola in 2014, and the $7 billion for swine flu in 2009.

All of those epidemics were actually much larger and more dangerous than the Wuhan flu. None resulted in panic and the establishment of martial law.

I promise you, the only real stimulus in this bill will be aimed at Washington. While the bill might give a free handout exceeding a thousand dollars to poorer Americans (in order to buy votes), most of the money will likely end up raising salaries, increasing staff, and improving the lifestyles of the bureaucracies in DC. Like the Obama stimulus, it will do little to stimulate the economy.

Meanwhile, the imposition of martial law continues, shutting down the American economy while making the pursuit of happiness impossible. I just got back from Costco with my wife. The store was opening two hours early in order to reserve those extra hours for those over sixty years old. We went because the panic has made it impossible to get some goods we need. We got there just before 8 am, when the store was supposed to open, and found a line so long already that would probably take two hours to get into the store. By that time most of what we need would likely be gone. We came home.

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Long March 5B launch still set for mid-April, despite Wuhan virus

9:01 am

The new colonial movement: China is moving forward with its plans to complete the first launch of its big Long March 5B rocket in mid-April, despite the lockdowns because of COVID-19.

The Long March 5B is a variant of the Long March 5, which after two launch failures finally completed its first successful launch in December. The 5B is also the rocket they intend to use for all their manned missions, as well as launching the components of their manned space station.

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Astra Space suffers failure during launch dress rehearsal

8:53 am

Capitalsm in space: Astra Space, attempting again to complete its first orbital launch, suffered what they call “an anomaly” during a launch dress rehearsal countdown yesterday.

The “anomaly,” of which we presently have no description other than it has cancelled their launch attempt later this week and that no one was hurt, apparently was serious enough that they noted that the launch site is “still hazardous and should be avoided.”

The company has said that it expected it would take three launches before they succeeded in getting into orbit, so this failure probably does not worry them overally. At the same time, I suspect that expectation was for actual launches, not explosions during the countdown.

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Bigelow lays off everyone

8:48 am

Bigelow Aerospace, builder of commercial space stations, has laid off its entire workforce, stating this was due to the lockdown by Nevada’s state government due to the Wuhan flu.

According to sources familiar with the company’s activities, Bigelow Aerospace’s 68 employees were informed that they were being laid off, effective immediately. An additional 20 employees were laid off the previous week.

Those sources said that the company, based in North Las Vegas, Nevada, was halting operations because of what one person described as a “perfect storm of problems” that included the coronavirus pandemic. On March 20, Nevada Gov. Steve Sisolak signed an emergency directive ordering all “nonessential” businesses to close.

A company spokesperson confirmed March 23 that the company laid off all its employees because of the governor’s order, and that it faced “fines, penalties and threats of having our business license revoked” if it remained open. The spokesperson added that the company planned to hire workers back once the emergency directive was lifted, although other sources interpreted the layoffs as a permanent measure.

Considering how Bigelow has allowed other commercial space station companies, such as Axiom, to move ahead of it, this decision is not surprising. The panic over COVID-19 only pushed it along.

Whether Bigelow as a company returns once the coronavirus panic subsides however remains an open question.

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