Russia’s Deputy Prime Minister paid a call at that country’s under-construction Vostochny spaceport today, enthusing about its possibilities.

Kazakhstan better be worried: Russia’s Deputy Prime Minister paid a call to that country’s under-construction Vostochny spaceport today, enthusing about its possibilities.

Prediction: When Vostochny is completed in 2015, Russia will threaten to abandon its historic launch site in Baikonur. They might do it too, if Kazakhstan refuses to ease its rental terms.

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.

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.

A bank run by an Obama bundler has gotten an Republican-led House committee to exempt that bank from provisions of the Frank-Dodd act, saving the bank $300 million.

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.

An Israeli company has discovered a giant off-shore oil and gas field within Israeli territorial waters.

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.”

A targeted SETI observation of Gliese 581, the nearest star with exoplanets in the habitable zone, has found no evidence of alien communications.

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.

An economy built to stall

“An economy built to stall.”

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.

Ninety-five federal workers have racked up $750,000 in travel expenses, while working at home.

The wolves guarding the chicken house: Ninety-five federal workers have racked up $750,000 in travel expenses, while working at home.

Of 95 work-at-home employees, 12 are supervisors who received reimbursements of more than $200,000 for travel-related expenses in 2010 and 2011, the documents provided to congressional committees show. A majority of the 95 are listed at the GS-14 and GS-15-level.

By the way, this happened in the General Services Administration, the same agency that ran a four day conference in Las Vegas costing almost a million dollars.

Florida has decided to continue to purge its election rolls of illegal and ineligible voters, in defiance of the Obama administration’s demand that it stop.

Florida has decided to continue to purge its election rolls of illegal and ineligible voters, in defiance of the Obama administration’s demand that it stop.

The state is enforcing the law, as written on the books. Yet Eric Holder’s Justice Department somehow thinks that this is illegal. Maybe someone should teach Holder and his attorneys how to read.

In related news, Holder’s Justice Department is suing a Las Vegas casino because the casino followed the law in verifying that all its employees were legal residents of the United States.

Environmental activists have launched a petition drive to stop SpaceX from building a commercial spaceport in Brownsville, Texas.

The wrong side of history: Environmental activists have launched a petition drive to stop SpaceX from building a commercial spaceport near Brownsville, Texas.

“I love the space program as much, if not more, than anyone,” said Environment Texas Director Luke Metzger. “But launching big, loud, smelly rockets from the middle of a wildlife refuge will scare the heck out of every creature within miles and sprays noxious chemicals all over the place. It’s a terrible idea and SpaceX needs to find another place for their spaceport.”

This guy obviously doesn’t know that almost all of the Kennedy Space Center is a wildlife refuge, and a successful one at that. But then, what do facts have to do with most environmental causes?

Not good: The Labor Department announced today that the U.S. economy only added 69 thousand jobs in May, the fewest in a year.

Not good: The Labor Department announced today that the U.S. economy only added 69,000 jobs in May, the fewest in a year.

The unemployment rate went up slightly as well, Labor also adjusted downward the number of jobs created in the past two months to terribly comparable numbers.

While no president is ever entirely responsible for the state of the economy, Barack Obama’s policies have certainly done significant harm. High regulation, Obamacare, and a clear hostility to private enterprise in all fields except space exploration has helped produce what appears to be the longest period with a floundering economy in my lifetime.

One entrepreneur and investor asks: Why isn’t Jon Corzine being prosecuted?

One entrepreneur and investor asks: Why isn’t Jon Corzine being prosecuted?

Jon Corzine stole from his customers. Until Corzine is put on trial in a court of law, no one will be able to get to the truth. He is being protected by the party in charge. The political waters are so virulent that they don’t want to see him tried. The event happened last October. Surely there is enough information available to convene a grand jury and begin indicting people. The public is being played. We are schmucks. [emphasis mine]

The party in charge is the Democrat Party. The man in charge of that party is Barack Obama. The voters should take note.

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