Tag: politics

Another subsidized solar power company going bust?

11:13 am

Your tax dollars at work! The U.S.’s largest solar power company, heavily subsidized by the federal government, now faces bankruptcy.

An SEC filing from TerraForm Global, a unit of SunEdison, claims “due to SunEdison’s liquidity difficulties, there is a substantial risk that SunEdison will soon seek bankruptcy protection.” Both SunEdison and TerraForm are delaying the filing of their annual financial report to the SEC.

News of SunEdison’s impending bankruptcy filing comes after the company’s shares fell 95 percent in the past 12 months, with shares now trading for less than $1 for the first time since the green energy company went public in 1995. SunEdison’s market value fell from $10 billion in July 2015 to around $400 million today.

The news also comes after the SEC announced it was launching an investigation into SunEdison’s disclosures to shareholders regarding the company’s liquidity. SEC enforcement officials “are looking into whether SunEdison overstated its liquidity last fall when it told investors it had more than $1 billion in cash,” according to The Wall Street Journal.

…The pro-labor union group Good Jobs First reported last year that SunEdison and its subsidiaries got nearly $650 million in subsidies and tax credits from the federal government since 2000. It was the 13th most heavily-subsidized company in America. This includes nearly $4.6 million in subsidies from the Department of Energy and Department of Treasury. Watchdog.org reported in October 2015 that SunEdison had gotten nearly $4.6 million from the Obama administration, including funding to build semi-conductors. A SunEdison bankruptcy could leave taxpayers on the hook for more than $2 billion.

But hey, what’s a few billion here or there, if the cause is worthwhile?

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Democratic AGs team up to prosecute global warming skeptics

9:29 pm

Fascists: Democratic attorney generals from 16 states announced today that they plan on investigating and prosecuting companies for fraud if they dare express any skepticism about global warming.

“The bottom line is simple: Climate change is real; it is a threat to all the people we represent,” [New York Attorney General Eric] Schneiderman said. “If there are companies, whether they’re utilities, whether they’re fossil fuel companies, committing fraud in an effort to maximize their short-term profits at the expense of the people we represent, we want to find out about it. We want to expose it and want to pursue them to the fullest extent of the law.”

The concept of dissent and debate increasingly appears completely foreign to liberal, leftwing politicians and activists. Disagree with them in any way, and they think that gives them the right to destroy you.

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Federal law outlaws launches on foreign rockets

5:37 pm

Killing competition: The American launch industry as well as the FAA regulators are in agreement that a 2005 law that limits American small satellite companies from using foreign launch companies should remain in place.

The CSLA, dating from 2005, is the U.S. government’s way of protecting the seemingly forever-nascent U.S. small-satellite launch industry from competing with government-controlled foreign launchers for U.S. business. It seeks to oblige non-U.S. rocket providers to sign a CSLA that, for all intents and purposes, sets U.S. commercial launch prices as the world minimum for government-owned non-U.S. launch providers.

The rationale is that these non-U.S. launchers, not bound by the constraints of profit and loss – but hungry for hard-currency export earnings – will undercut commercial U.S. companies’ launch prices and keep them from gaining market traction.

India’s launch rockets, for example, are designed and built by India’s space agency ISRO, and are backed not by private funds but by government money. The fear is that India could subsidize its rockets so that the price could always be kept below what any American company could charge.

The truth, however, is that competition and innovation, here in the U.S., has so successful undercut foreign prices that no amount of subsidies can hope to compete. Those foreign companies are now scrambling to actually redesign their rockets to lower their costs and thus their prices, rather than asking for more handouts from their governments. This law should be repealed.

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More chalk oppression at Emory!

12:38 pm

Push back: A conservative student group at Emory University has responded to the protests against pro-Trump chalk messages on campus by drawing more pro-Trump messages.

Over the weekend, students involved in Emory’s Young Americans for Liberty chapter responded to the wailing and gnashing of teeth by the $59,444-per-year private school’s social justice warriors with a new, bigger, better political message in support of Trump, reports Inside Higher Ed. The newest chalking at Emory represents the Republican presidential front-runner in his trademark baseball cap. Scribbled on the cap is the slogan: “Make Emory Great Again.”

Young Americans for Liberty also chalked other messages on campus on behalf of every other remaining Republican and Democratic presidential candidate. Some of the other chalk imagery also managed to make clever use of the other candidates’ slogans. Leaders of the limited-government-focused group said their multi-candidate campus chalking adventure is manifestly not intended to endorse any particular candidate. Instead, the goal is to buck the growing national impression that Emory is full of ninnies who are afraid of temporary, mainstream political speech that can be instantly washed away with a bucket of water and a bit of scrubbing.

Good for them. They have more courage and common sense than the university’s idiot president, who had immediately agreed with the protesters that messages in favor of Trump had to be racist.

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Justice Department resumes program to steal property of citizens

9:40 am

Theft by government: The Obama Justice Department has resumed its partnership with state police departments to seize the property of citizens for profit.

Asset forfeiture is a contentious practice that lets police seize and keep cash and property from people who are never convicted of wrongdoing — and in many cases, never charged. Studies have found that use of the practice has exploded in recent years, prompting concern that, in some cases, police are motivated more by profit and less by justice.

The Justice Department’s Equitable Sharing Program allowed state and local authorities to pursue asset forfeiture under federal, rather than state law, particularly in instances where local law enforcement officers have a relationship with federal authorities as part of a joint task force. Federal forfeiture policies are more permissive than many state policies, allowing police to keep up to 80 percent of assets they seize.

Participation by the Justice Department had been suspended in December, but not because the Obama administration didn’t like the program, it turns out. Instead, the suspension allowed them to keep the money themselves that local police had seized under federal law. This however discouraged local police from pursuing more confiscations, so they have resumed the program.

The graph at the link is incredible. Do you know that citizens now lose more property to the government under this program than they do from ordinary burglaries?

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SLS software over budget and behind schedule

5:28 pm

Surprise! The launch control software NASA is writing from scratch for its SLS rocket is way behind schedule and way over budget.

Development of this new launch control software is now projected to exceed $207 million, 77 percent above 2012 projections. The software won’t be ready until fall 2017, instead of this summer as planned, and important capabilities like automatic failure detection, are being deferred, the audit noted. The system is vital, needed to control pumps, motors, valves and other ground equipment during countdowns and launches, and to monitor data before and during liftoff.

NASA decided to write its own computer code to “glue together” existing software products a decade ago — while space shuttles still were flying and commercial shippers had yet to service the space station. Both delivery companies, SpaceX and Orbital ATK, rely on commercial software, the audit noted. [emphasis mine]

In other words, even though NASA could have simply purchased already available software that other launch companies were using successfully, the agency decided to write its own. And that decision really didn’t come before the arrival of these commercial companies, because when it was made a decade ago that was exactly the time that SpaceX was beginning to build its rocket.

This is simply more proof that SLS is nothing more than a pork-laden waste of money designed not to explore space but to generate non-productive jobs in congressional districts.

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Conservative professor to be fired for his opinions

8:58 am

Fascists: A conservative Marquette University professor has been been suspended and will be fired if he does not apologize for daring to criticize the liberal actions of another professor.

The story is a bit complicated, but it is worth reading. He has had a conservative blog for about a decade, and his punishment was prompted when he objected to the other teacher’s willingness to squelch conservative opinions in her classroom. He has also said he will not apologize and will sue if they try to fire him.

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“Why do Barack Obama and Hillary Clinton believe they know more about Islam than Muslim clerics?”

9:35 pm

Link here.

Read it all. This quote though sums it up nicely:

Sharia rejects freedom of speech as much as freedom of religion. It rejects the idea of equal rights between men and women as much as between Muslim and non-Muslim. It brooks no separation between spiritual life and civil society. It is a comprehensive framework for human life, dictating matters of government, economy, and combat, along with personal behavior such as contact between the sexes and personal hygiene. Sharia aims to rule both believers and non-believers, and it affirmatively sanctions jihad in order to do so.

Even if this is not the only construction of Islam, it is absurd to claim—as President Obama did during his recent visit to a mosque in Baltimore—that it is not a mainstream interpretation. In fact, it is the mainstream interpretation in many parts of the world. Last year, Americans were horrified by the beheadings of three Western journalists by ISIS. American and European politicians could not get to microphones fast enough to insist that these decapitations had nothing to do with Islam. Yet within the same time frame, the government of Saudi Arabia beheaded eight people for various violations of sharia—the law that governs Saudi Arabia.[emphasis in original]

I would answer the question in the headline very bluntly: The modern leftwing intellectual community, often led by Democratic politicians and college professors (but I repeat myself), are generally uninterested in reality. Their ideology trumps all, which is why they were able to push through Obamacare, and have had absolutely no understanding of the violence coming out of the Middle East and are willing to allow hundreds of thousands of people from that region to immigrate here without any vetting. As Obama ludicrously declared after the Brussels bombing this week, “We defeat them in part by saying, you are not strong; you are weak.” In other words, declaring them weak will stop their violence, end the terrorism, and make whole the lives they have shattered.

Until the American people reject these head-in-the-clouds fools, we will be subjected to more terrorism, more violence, and more ludicrous and impossible laws that make our lives miserable. My chief worry, however, is that the American people might be as disconnected from reality as these Democratic leaders.

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Vostochny contractor ordered to pay loans

10:16 am

A Moscow court has ordered the main contractor building the Vostochny spaceport to pay back 3.5 billion rubles in debt to its bank.

VTB [the bank] has filed several lawsuits to recover debt from Dalspetsstroy [the contractor]. On February 24, the Moscow Commercial Court granted the bank’s lawsuit seeking 722 million rubles ($11 million) from the company. Another claim for 777 million rubles ($11.5 million) should be considered today.

It was the ex-CEO of this contractor, plus his two sons, who are charged with embezzling over a hundred million rubles from the project.

In related news, this Moscow Times article provides some nice details about Russia’s just approved ten-year plan for its space program. As reported earlier, Russia’s bad economic times has forced them to cut the program to the bone.

Somehow, why do I think that these two stories have so much to do with each other? Could it be that there is some inherent corruption within Russia’s giant government-run aerospace monopoly called Roscosmos that prevents that monopoly from innovating, competing, and doing things efficiently?

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The sad state of South Korea’s space sector

9:57 am

The new colonial movement: It appears that South Korea’s space industry is faltering, according to unnamed sources in that industry, and must be revitalized.

Many critics also point to the near absence of Korean conglomerates in the domestic aerospace scene as a major setback for the nation. “Since space businesses do not generate short-term revenues, most Korean conglomerates are reluctant to jump into the sector,” said an official from the aerospace sector. “Other nations, including the U.S. and Russia, on the other hand, have been running space programs for decades and have a large pool of seasoned engineers and talents, which is why the Korean aerospace industry is far behind in the race for outer space,” he said.

Samsung Group, the largest conglomerate here, previously ran aerospace business arm Samsung Techwin, now renamed Hanhwa Techwin after it was acquired by Hanhwa Group in 2014. Techwin was established in 1977 to develop flight engines. Samsung Group sold part of Techwin’s flight engines business to Korea Aerospace Industries in 1999 and pulled completely out of the aerospace sector in 2014.

What makes this story different from my previous two posts is that its focus is not building a government program (and the bureaucracy to go with it) but to find way to develop a robust private aerospace industry, competing for market share in the world market. With that approach, South Korea might actually launch something in the coming years.

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Europe aims for the Moon

9:49 am

The new colonial movement: The head of the European Space Agency (ESA) said in a video interview this week that building a lunar base is their next major goal.

The head of the multinational agency, Johann-Dietrich Woerner, said the village would “serve science, business, tourism and even mining purposes.” In a video interview posted on the agency’s website, Woerner said a permanent lunar base is the next logical step in space exploration. He said the village could replace the International Space Station in the future. The ISS has been continuously occupied since 2000. It was originally set to be decommissioned by 2020, but its operation has been extended through 2024. The agency said it could take 20 years before the technology is ready to make the Moon village happen.

My next words might sound familiar (see the post below), but few technical details were provided in the video. Instead it appears from the article and the actual interview that the focus here is to establish a bureaucracy, not design rockets or spaceships. I suspect Woerner is looking for projects that can justify the existence of ESA and its bureaucracy, not actually build anything. That he thinks it will take 20 years to make it happen, based on our technology today, is strong evidence of this, since the pace of innovation in the past decade suggests instead that such a Moon colony could happen far quicker, once private space starts making real money in orbit.

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Nigeria aims for manned space

9:36 am

The new colonial movement: Nigeria’s Minister of Science and Technology said this week that his country hopes to launch its first astronaut by 2030.

No details at all were provided, but it appears from the article that the focus here is to establish a bureaucracy, not design rockets or spaceships. I suspect they might be planning to pay a private company to put a Nigerian in space, but use this to justify creating a space agency that can be used as a vessel to provide jobs for all their friends.

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New Jersey actor sentenced to 10 years for using a prop gun

10:15 am

The coming dark age: An actor now faces ten years in prison because he used a air gun that shoots harmless plastic pellets while shooting a movie in New Jersey.

Read the article. As the writer properly concludes, “no film production company of any size should ever do business in New Jersey.” In fact, when it comes to guns I would avoid this fascist state in any way possible.

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Saying “All Lives Matter” is now white supremacy

10:02 am

The coming dark age: A group of sixty professors at American University’s Washington College of Law have signed a letter claiming that to say “All lives matter” instead of “Black lives matter” is an example of “white supremacy.”

Dozens of professors from American University’s Washington College of Law (WCL) openly condemned an unknown student as a white supremacist for posting a sign with the catchphrase “All Lives Matter” on a faculty member’s door.

“The ‘All Lives Matter’ sign might seem to be a benign message with no ill intent, but it has become a rallying cry for many who espouse ideas of white supremacy and overt racism, as well as those who do not believe the laws should equally protect those who have a different skin color or religion,” the professors wrote in a statement to the WCL community.

For college professors to no longer recognize the plain meaning of words, and to instead assign a meaning of their own to those words, for their own political purposes, tells me that if I had a son or daughter attending this university I would pull them out immediately. Not only are students not being educated properly there, they are being taught nonsense and hate.

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New Horizons’ future research goals

9:15 am

On Monday at a planetary science conference Alan Stern, the project scientist for New Horizons, outlined the science goals in studying the Kuiper Belt should the spacecraft’s mission be extened through 2021.

The main goal will be the January 1, 2019 fly-by of Kuiper Belt object 2014 MU69, estimated to be between 12 to 24 miles across. However, the proposal also includes the following:

“In addition to making a close flyby of MU69, we’re also going to be close enough in range to study quite a number of other small KBOs, and some large ones that are on the Pluto scale,” Stern said. New Horizons will be able to study them in ways that could never be accomplished from Earth. The closeness of the spacecraft will enable high resolution observations, and the ability to look for satellites that cannot be seen from Earth observatories or with the Hubble Telescope.

“Because we are looking back on the rest of the solar system, at the Kuiper Belt and the Centaur Population,” Stern said, “we’re going to be able to study another 18 or 20 small bodies to determine whether or not the recently discovered rings around the centaur Chariklo are a common occurrence, or something anomalous. And I don’t know of any other way over the next several years, except through New Horizons, that we can develop a data set like that.”

What I find amazing is that it appears from Stern’s remarks that NASA has not yet approved this proposal. Before the team discovered 2014 MU69, I would have been more skeptical about extending the mission, but since they will be able to do a close fly-by of a type of object never before seen, and considering the time and cost it takes to get to the Kuiper Belt, it seems foolish now to not approve this mission extension.

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An estimated $55 billion in Obamacare waste

9:31 am

Finding out what’s in it: Since its signing Obamacare has caused the government and public to waste approximately $55 billion.

Though most of that number, $45 billion, is an estimate of the amount of money businesses and people have been forced to spend filling out Obamacare paperwork and thus somewhat guesswork, the remaining $10 billion is based on hard data and real waste, such as handing out almost a billion in improper subsidies or spending $2 billion to construct a website that did not work.

But who’s counting? It is more important that we can go to bed at night knowing that the Democrats care about us, and will try anything, even if it is insane or completely stupid, to make us feel better about ourselves.

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DOD opens ULA investigation

9:12 am

The deputy inspector general of the Defense Department has notified the Air Force that he is beginning an investigation into ULA and the DOD over their relationship and contract.

He also made it clear that the investigation was sparked by last week’s comments by a ULA executive who subsequently resigned.

This is all a game. The Air Force and ULA have been colluding for years to squeeze out any competition. There is no one in Washington who needs an investigation to find this out. The inspector general will issue a report, the Air Force will admit its error and promise to do better, and they will then try to have things continue as they have.

The one difference, however, will be that SpaceX will be there, providing real competition. Thus, what matters isn’t the investigation by the inspector general. What matters is the existence of a competing company willing to put cost pressure on ULA and the Air Force.

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TMT leadership looks at alternatives to Hawaii

9:01 am

Though they have refused to comment publicly, the Facebook page for the Thirty Meter Telescope on Monday showed the telescope’s management visiting the Canary Islands, a potential alternative site to Hawaii.

Their Facebook post serves two purposes. It shows that they mean business when they say they must start considering abandoning Hawaii. It also might force the Hawaiian state government to stop dragging its feet in the permitting process that protesters have forced TMT to go through, a second time.

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Court again rules against IRS and Justice Department

11:13 pm

Working for the Democratic Party: A federal appeals court has condemned the behavior of IRS and Department of Justice lawyers for a misuse of the law and demanded they begin cooperating with the court.

Tea party groups have been trying for years to get a full list of nonprofit groups that were targeted by the IRS, but the IRS had refused, saying that even the names of those who applied or were approved are considered secret taxpayer information. The IRS said section 6103 of the tax code prevented it from releasing that information.

Judge Kethledge, however, said that turned the law on its head. “Section 6103 was enacted to protect taxpayers from the IRS, not the IRS from taxpayers,” he wrote.

Edward Greim, a lawyer at Graves Garrett who is representing NorCal Patriots, said they should be able to get a better idea of the IRS‘ decision-making once they see the list of groups that was targeted. “What we’ll be able to see is how, starting in the spring of 2010, with the first one or two groups the IRS targeted, we’ll be able to see that number grow, and we’ll even be able to see at the tail end their possible covering up that conduct,” he said. He said they suspect the IRS, aware that the inspector general was looking into the tax agency’s behavior, began adding in other groups to try to muddle the perception that only conservatives were being targeted.

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VA reinstates worker who committed armed robbery

10:11 pm

Our government at work: A VA worker has been reinstated with back pay after being fired for participating in an armed robbery.

It is worse than you think. The reason her union won her case was because the VA hadn’t fired other workers who had broken the law, so thus it was unfair to fire her as well.

A Department of Veterans Affairs employee in Puerto Rico was fired after being arrested for armed robbery, but her union quickly got her reinstated — despite a guilty plea — by pointing out that management’s labor relations negotiator is a registered sex offender, and the hospital’s director was once arrested and found with painkiller drugs…

Employees said the union demanded her job back and pointed out that Tito Santiago Martinez, the management-side labor relations specialist in Puerto Rico, who is in charge of dealing with the union and employee discipline, is a convicted sex offender. Martinez reportedly disclosed his conviction to the hospital and VA hired him anyway, reasoning that “there’s no children in [the hospital], so they figure I could not harm anyone here.”

The union’s position — that another employee committed a crime and got away with it, so this one should, too — has been upheld by the highest civil service rules arbiters, and has created a vicious Catch-22 where the department’s prior indefensible inaction against bad employees has handcuffed it from taking action now against other scofflaws.

And the intellectual elites in Washington wonder why people are angry and want to throw the bums out. In fact, that they remain clueless about this anger and continue to do nothing about this kind of obscene corruption in the government departments that they control is only more reason to throw them out. Maybe we should even consider bringing back that old American custom: to tar and feather them and ride them out of town on a rail.

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