That LightSquared’s broadband technology interferes with GPS and that it’s CEO is under investigation from the SEC aren’t it’s only problems: the company is running out of cash.
Modern academic freedom: Harvard has fired an economics professor over a political op-ed he wrote that was published in India.
Scientists have identified the quarry used by the builders of Stonehenge to build its first circle, 160 miles from the ancient monument.
Good engineering: A swallowed pen, stuck in a 76-year-old woman’s stomach for 25 years, still worked after it was removed.
Russia’s GPS system, Glonass, has returned to full operational capability, lost shortly after the fall of the Soviet Union.
Clear your calendar: The Supreme Court has set aside March 26, 27, and 28 for hearing arguments for and against Obamacare.
Five ridiculous gun myths promoted by movies. I like this one:
It’s an old joke by now that nobody runs out of bullets in action movies (unless it’s suddenly convenient to the plot, that is). Hollywood shows some restraint with revolvers–usually no more than 10 or 11 shots per six-shot cylinder–but damn, do they go hog-wild with anything that fires full-auto. So much so that that most of us have wound up with an utterly ridiculous concept of how those guns work. They’re seriously depicting these things firing a hundred times more bullets than they can actually hold.
We’re here to help you: The EPA is considering expanding its regulatory power in the name of “sustainable development.”
In related news: New EPA pollution rules will force the shutdown of dozens of coal-fired power plants.
Excellent choice: Former astronaut John Grunsfeld has been picked to take over NASA’s chief science post from Ed Weiler.
Not only is Grunsfeld an excellent choice, his experience as an astronaut repairing Hubble will help improve relations between the science and manned space programs. In the past, scientists have often argued against manned space, trying to get that money for their unmanned research probes. Instead, when manned space got cut, so did science, and no one won. Grunsfeld’s leadership I think will forestall these short-sighted complaints.
The bar at the center of the Milky Way.
Seven predictions made in 1931 for the year 2011.
State governments have eliminated thousands of public employees since the beginning of the recession.
Good riddance: North Korean dictator Kim Jong Il, 69, is dead.
The astonishing collapse of MF Global.
The failure of broker MF Global is a unique event in the annals of American corporate history: To my knowledge, it’s the first time a CEO singlehandedly bankrupted his firm through actions that the board of directors was not only knowledgeable of, but had indeed expressly sanctioned. “That takes some talent!” quipped Roderick Hills, a former chairman of the SEC.
The article is long, detailed, and thorough. It describes a deep corruption that should chill the spine of anyone who has money in the investment world.
I must note that I do not advocate more regulations to eliminate this corruption. Such regulations never work. Take for example this quote from the article, describing the accounting systems that are required by law to prevent a client’s funds from being misused:
As noted above, it’s a major part of the CEO’s job to put the proper systems in place. In fact, regulations implemented through Sarbanes-Oxley — a bill that Corzine co-wrote while he was a senator — require that the CEO and CFO sign off on the effectiveness of the controls over financial reporting. … If those proper “controls and procedures” were in place, a breach of segregated client funds should have set off loud, blaring, obnoxious alarms that would have alerted management to that breach.
In the case of Jon Corzine and MF Global, those controls were obviously not in place, and thus the Sarbanes-Oxley bill wasn’t worth the paper that Corzine used to write the bill.
Rather than more regulations, what works is very simple and can be summed by two words: “Buyer beware.” Investors (as well as voters considering the political ambitions of Corzine and his friends) have to be more skeptical of whom they put their trust in. You have to protect yourself. You can’t ask others to do it for you.
Islamic romance: Egyptian Muslims have been accused of kidnapping Christian girls and forcing them to convert to Islam under threat of rape.
Well duh! Deficit may be biggest threat to ObamaCare.
I always opposed ObamaCare because I oppose the use of government to run our lives. But putting that minor point aside, it made absolutely no sense for the government to add this entitlement to the nation’s balance sheet at a time when that balance sheet is so completely in the red. The only time these kinds of government programs can possible work (if ever) is when there is lots of spare cash in the bank, something we definitely don’t have right now.
Over Friday and Saturday, 61% of House Republicans and 34% of Senate Republicans voted for the omnibus megabus bill. In doing so, not only did they violate their pledge pertaining to bundled (1200-page) bills and the 72-hour layover rule and agree to fund Obamacare, Dodd-Frank, Planned Parenthood, the EPA, the PLO and the UN; they actually agreed to spend almost $9 billion more than last year. Overall, budget authority will be $33 billion higher than the House budget, while appropriations for non-defense spending will be $45 billion more. One of the members who voted in the affirmative even agreed that he had voted for a “crap sandwich.”
One reason the budget is still growing is that two-thirds of the government is still controlled by the spendthrift Democratic Party. A second reason is that there are too many wimpy Republicans willing to compromise with these spendthrifts.
Which is why we have elections. 2012 should help fix this problem.
R.I.P: Vaclav Havel has passed away at 75.
Ain’t democracy a bitch? Virginia residents loudly oppose their local government’s preparations for climate-related sea-level rise, and neither the bureaucrats or this Washington Post journalist like it!
A Spanish company has announced it will build a space hotel by 2012.
The story suggests that Virgin Galactic will providing the tourist ferry to their orbital hotel, which is puzzling as that company is only building a suborbital spacecraft at this time.
Using the spacecraft’s last drops of fuel, engineers are attempting to aim Deep Impact to a 2020 rendezvous with near Earth asteroid 2002 GT.
The Habitable Exoplanets Catalog, now online.
The Battle of the Bulge, in photos.
Virgin Galactic isn’t the only one building a suborbital spaceplane: Europe plans to test fly its own suborbital spaceship in 2014.
