Tag: capitalism

Alan Boyle at NBC tonight reports that Boeing, SpaceX, and Sierra Nevada are the winning companies in the competition to provide human ferrying services to ISS.

6:20 pm

Alan Boyle at NBC tonight reports that Boeing, SpaceX, and Sierra Nevada are the winning companies in the competition to provide human ferrying services to ISS, to be announced officially by NASA tomorrow.

The report does not provide dollar numbers. This Wall Street Journal story says that Boeing and SpaceX will be the prime contractors, which suggests that Sierra Nevada will be getting a smaller award.

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Happy birthday Milton Friedman

11:30 am

Happy 100th birthday to Milton Friedman!

Go to the link to watch some wonderful video clips of Friedman clearly and with good humor explaining the benefits of freedom and capitalism. However, for me my favorite Milton Friedman quote is without question this one, on the real way to change Congress:

I do not believe that the solution to our problem is simply to elect the right people. The important thing is to establish a political climate of opinion which will make it politically profitable for the wrong people to do the right thing.

Actual video below the fold.
» Read more

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The Marines have put in an order for 12,000 M1911 pistols, the iconic 45 caliber pistol designed by John Browning more than a 100 years ago and used by the American military for most of the first half of the 20th century.

1:17 pm

Comeback: The Marines have put in an order for 12,000 M1911 pistols, the iconic 45 caliber pistol designed by John Browning more than a 100 years ago and used by the American military for most of the first half of the 20th century.

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“The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.”

9:27 pm

From the man whose job it was to police the $700 billion TARP bailout:

The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true.

The regulatory culture of the banking industry that this book describes possibiy explains why Jon Corzine has not yet been prosecuted. Regulators and prosecutors are afraid to proceed out of fear of hurting their careers.

Worse, Barofsky describes a banking regulatory system that is still in place, and is therefore ripe for another collapse. No wonder the tea party movement was born out of outrage over TARP and the bank bailout, and is still growing.

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Some spectacular images of galaxies from the new Discovery Channel Telescope.

9:26 am

Some spectacular images of galaxies from the new Discovery Channel Telescope (DCT).

Funded privately by the Discovery channel, the DCT has a primary mirror 4.3 meters wide, or about 170 inches, almost as large as the Hale Telescope on Palomar Mountain. This is a world class telescope which will do real research, and it was built the old-fashioned way, with private money donated to a private observatory in exchange for publicity and good will.

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The cost of launch

5:57 pm

Two news items from NASA today:

What I find most interesting about these stories is the fees charged by the two companies. SpaceX will be paid $82 million for its one launch, while ULA will be paid $412 million for its three launches, or about $137 million per launch.
» Read more

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ESA is revamping how it builds rockets in order to compete with SpaceX.

11:28 pm

The competition heats up: ESA is revamping how it builds rockets in order to compete with SpaceX.

ESA officials have been spooked by Space Exploration Technologies Corp. (SpaceX) of Hawthorne, Calif., which has demonstrated its technical prowess with the launch of its Falcon 9 rocket and Dragon cargo vehicle to the international space station. SpaceX officials say one of the keys to its success is that Falcon 9 is built in one factory owned by SpaceX.

Read the whole thing. The way ESA builds the Ariane rocket requires too many participants (what we in the U.S. call pork), raising its cost. ESA is now abandoning that approach to cut costs and thus compete with SpaceX.

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The Virginia spaceport at Wallops Island is on schedule to hand control of its launchpad sometime this month so that Orbital Sciences can begin ground tests of its Antares rocket.

5:14 pm

The Virginia spaceport at Wallops Island is on schedule later this month to hand control of its launchpad over to Orbital Sciences so it can begin ground tests of its Antares rocket.

The irony of this press release story is that Orbital has actually been running things, as it took over prepping the launchpad last year when the spaceport was unable to handle it.

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From Virgin Galactic come two announcements today

8:59 am

The competition heats up: From Virgin Galactic come two announcements today:

The second is really the big news, especially as it appears they already have some customers.

LauncherOne will be a two-stage vehicle capable of carrying up to 500 pounds (225 kilograms) to orbit for prices below $10 million. The rocket will be launched from Virgin Galactic’s proven WhiteKnightTwo, the uniquely capable aircraft also designed to carry SpaceShipTwo aloft to begin her suborbital missions. Thanks to the extreme flexibility of air launch, Virgin Galactic’s customers will enjoy reduced infrastructure costs in addition to the wide range of possible launch locations tailored to individual mission requirements and weather conditions. Branson and other senior executives announced that work has already begun on the vehicle.

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Vice President Paul Ryan?

2:20 pm

Vice President Paul Ryan?

I say “Please!” and I say it loudly. Picking Ryan for number two would reverse Ronald Reagan’s biggest mistake, picking moderate George Bush Sr. as his VP. The result of that bad choice was 12 years of Bush rule in the late 1980s and in the 2000s, during which there was little effort to rein in the power or size of government. In fact, the Bushes did a lot to increase government’s power and size.

Picking Ryan as VP would place a competent fiscal conservative into the limelight and make such a person a leading contender for the Presidency in future years. It would also help demonstrate again that the 2010 election was a trend, not a fluke.

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ATK’s push to build its Liberty launch system.

9:17 am

The competition heats up: ATK’s push to build its Liberty launch system.

Liberty was one of the suitors [for NASA’s commercial crew] funding, before losing out to the four aforementioned options during the selection process. However, ATK decided to press on with the development of the system under an unfunded Space Act Agreement (SAA), with a clear intent of convincing NASA they deserve to be awarded funding for the path towards crewed launches.

Indeed, ATK have stated that they will continue with the development of Liberty regardless of NASA funding, as much as Agency support would provide an accelerated schedule towards bringing the vehicle into operation by 2015. [emphasis mine]

If you read the article, you will see that there are many reasons why I would rather NASA did not pick ATK. The system depends too much on the shuttle’s legacy at the Kennedy Space Center (the VAB, crawler, etc), which means it will probably require a large labor force to launch and thus be expensive. However, if ATK can make Liberty profitable without NASA, I am all for them.

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The United States of winners

7:32 pm

“The United States of winners.”

We didn’t fight hard for our freedom on that summer day in 1776 so we could go ahead and be mediocre. We wanted it so badly because we had lofty goals to be a nation of winners, people who excelled at everything we tried. We wanted to become powerful and prosperous so that we wouldn’t have to rely on anyone else, ever again. And we knew that being prosperous would make us generous. We wanted to win at that, too.

And from there, we went on to win at all kinds of stuff, and we did it without apologizing. Charles Lindbergh didn’t land in Paris and apologize for getting there first. We didn’t have a space race with the Soviet Union to see who could get there last. Bruce Jenner doesn’t have an Olympic gold medal (and two inexplicable earrings) because he’s a loser.

Our desire to win has made us who we are.

And it is for this reason that, right now, the United States is about to develop multiple private companies capable of putting humans into space, while every other country in the world that has tried it can barely manage to come up with one option.

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Since 2006 carbon dioxide emissions in the U.S. has plunged, almost reaching 1991 levels.

3:59 pm

Since 2006 carbon dioxide emissions in the U.S. have plunged, almost reaching 1991 levels.

The key driver for the “shockingly good news” that CO2 emissions will probably fall this year to a two-decade low … is “the shale gas revolution, and the low-priced gas that it has made a reality, especially in the last 12 months. As of April, gas tied coal at 32% of the electric power generation market, nearly ending coal’s 100 year reign on top of electricity markets (see related CD post on this energy milestone). Let’s remember the speed and extent of gas’s rise and coal’s drop: coal had 52% of the market in 2000 and 48% in 2008.”

It is important to note that it is innovation, technology, and capitalism that is making this happen. Without a free market the shale gas revolution would not have occurred.

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Boeing and Lockheed Martin are both considering hiring the Russia aerospace company Energia to build components for the CST-100 and Orion manned capsules.

9:01 am

It appears that both Boeing and Lockheed Martin are considering hiring the Russia aerospace company Energia to build components for the CST-100 and Orion manned capsules.

What is going on here is that both Boeing and Lockheed Martin are looking for a subcontractor who can build these components for less money. Since labor costs in Russia are much lower than the U.S., both companies are considering Energia for this work.

This quote, however, encapsulates the cultural war that still goes on sometimes between Russia and the U.S.:

“[Russian] achievements in docking sites and [thermal protection equipment] production are quite competitive, but I am not sure that the Americans will accept our offer because they not only have the task of building a spaceship but also of gaining competence in this matter,” Dmitry Payson, director of the space and telecommunication technology department in Russia’s Skolkovo hi-tech hub, told Izvestia.

In interviewing many Russian and American space engineers over the years I have found an amazing amount of contempt from each for the work of the other, often without justification. Just as the Russians above seem to falsely think that Boeing and Lockheed Martin know nothing about docking equipment or thermal protection, American engineers repeatedly have expressed to me unjustified disdain for the space station technology developed by the Russians for Mir. The result: both countries often don’t take advantage of the other’s skills.

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NASA today unveiled for the press the Orion capsule scheduled for the program’s first test flight in 2014.

9:35 pm

NASA today unveiled for the press the Orion capsule scheduled for the program’s first test flight in 2014.

Today’s unveiling was essentially a PR event designed to boost political support for the Space Launch System (SLS) and the Orion capsule program. And though we should definitely give kudos to Lockheed Martin for its progress on Orion, it is also important to note that the building of this capsule took 8 years and about $6.5 billion. And it won’t go into space for still another two years at best. Compare that to SpaceX’s Dragon, which took about four years from concept to launch, with a cost of about $1 billion.

It is this contrast that is worrying the political supporters of SLS and Orion. Consider for example this quote from the above article:

But the Orion schedule assumes steady funding by Congress, which is an open question given the current debate over federal budget deficits, taxes and a general push to reduce federal spending. “We have to be concerned about that because we are in an era of government spending where you have to do more with a limited amount,” Nelson said. “That, of course, is going to be one of the main things we’re going to have to look at in the future.” [emphasis mine]

Nelson has been a big backer of SLS from the moment Congress decided to force it down NASA’s throat. It is very clear from his comments above however that he recognizes the political difficulties that this very expensive program faces.

As I’ve said before, I expect SLS to die sometime in the next three years. Faced with a ungodly federal deficit, the next Congress is going to look for ways to save money and — assuming the commercial space companies like SpaceX continue to have success — Congress will see this program as one of those ways.

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