Charles Krauthammer writes: Fractured and divided as we are, on one thing we can agree: 2015 was a miserable year. The only cheer was provided by Lincoln Chafee and the Pluto flyby (two separate phenomena), as well as one seminal aeronautical breakthrough.
On Dec. 21, Elon Musk’s SpaceX, after launching 11 satellites into orbit, returned its 15-story booster rocket, upright and intact, to a landing pad at Cape Canaveral. That’s a $60 million mountain of machinery — recovered. (The traditional booster rocket either burns up or disappears into some ocean.)
The reusable rocket has arrived. Arguably, it arrived a month earlier when Blue Origin, a privately owned outfit created by Jeffrey P. Bezos (Amazon chief executive and owner of this newspaper) launched and landed its own booster rocket, albeit for a suborbital flight. But whether you attribute priority to Musk or Bezos, the two events together mark the inauguration of a new era in spaceflight.
Musk predicts that the reusable rocket will reduce the cost of accessing space a hundredfold. This depends, of course, on whether the wear and tear and stresses of the launch make the refurbishing prohibitively expensive. Assuming it’s not, and assuming Musk is even 10 percent right, reusability revolutionizes the economics of spaceflight.
Which both democratizes and commercializes it. Which means space travel has now slipped the surly bonds of government — presidents, Congress, NASA bureaucracies. Its future will now be driven far more by a competitive marketplace with its multiplicity of independent actors, including deeply motivated, financially savvy and visionary entrepreneurs. Read the rest of this entry »
[VIDEO] THE PANTSUIT REPORT: Hillary Surprised ‘Turns Out We Are Not Producing As Many Small Businesses As We Used To’Posted: April 20, 2015
Hillary Clinton admitted today that she was “surprised” to learn that the people who told her small businesses have struggled in recent years were actually correct.
“I was very surprised to see that when I began to dig into it. Because people were telling me this as I traveled around the country the last two years, but I didn’t know what they were saying and it turns out that we are not producing as many small businesses as we use to.”
— Hillary Clinton, in New Hampshire
Clinton noted that small business creation has “stalled out,” to her chagrin. “I was very surprised to see that when I began to dig into it,” she said while campaigning in New Hampshire. “Because people were telling me this as I traveled around the country the last two years, but I didn’t know what they were saying and it turns out that we are not producing as many small businesses as we use to.”
“Small businesses lack the confidence they need to expand and hire new workers, and the President’s looming tax hikes are threatening to destroy another 700,000 jobs.”
— Romney spokeswoman Andrea Saul
The struggles of small businesses during President Obama’s administration are hardly a new subject on the campaign trail. Mitt Romney raised the issue throughout the 2012 presidential election.
”At every turn, Hillary Clinton has supported top-down Washington-driven policies that have stacked the deck against small businesses. Hillary Clinton can’t possibly be a champion for everyday Americans when she doesn’t understand their most basic economic concerns and was ‘surprised’ to learn that small businesses are struggling.”
— Republican National Committee chairman Reince Priebus
“Small businesses lack the confidence they need to expand and hire new workers, and the President’s looming tax hikes are threatening to destroy another 700,000 jobs,” Romney spokeswoman Andrea Saul said in September of 2012, for instance. Read the rest of this entry »