With SpaceX's first successful demonstration of the reusable booster rocket they've been developing, many experts predict the world of space travel is on the verge of a revolution.
Blogger NuuBee at ZeroHedge.com doesn't agree. This comment NuuBee left posits the idea that Elon Musk can't get more than a 10% reduction in overall launch costs using his re-usable rocket strategy.
NuuBee thinks SpaceX could have put humans on Mars quicker, and they could have done it more profitably too.
Read NuuBee's interesting comment...Read more
So the extortion tax penalty is going to go up?
I still don't have the extra money to pay the 2014 and 2015 penalty - total of about $400, which is why I never could afford insurance on on my own in the first place! Idiots.
When O'care was signed in, employers went berserk. I had the unfortunate gift of being a casualty of small business trying to get under the 50 employee threshold.Read more
The establishment "economists" never seem to come up with any other idea than re-building the infrastructure as a way to boost an economy.
One must remember that, although a good infrastructure is essential to a thriving economy, it doesn't in any way actually create wealth. The creation of wealth seems to be beyond the mental capacity of the "establishment" types.Read more
Commodity prices are down a lot, although they seem to have stabilized since December, but is that because of deflation? With interest rates near zero and the federal government running a deficit of over five hundred billion dollars, how could the US be going through deflation?
Clearly, the money supply is growing: the fed is still printing money, and the government is putting that money into circulation.
It is certainly true, however, that the velocity of money has been falling for at least the last several years, and that could cause deflation. On the other hand, is that decline in the velocity of money the cause or the effect of a sluggish economy? Generally, economic slowdowns cause reduced velocity as people spend less.Read more
I am so sick and tired of being punished at every turn by the Obama Administration and the government at every level taking away things that I work to earn and own. Obamacare's taxing of "Cadillac" plans is one more violation of the used-to-be-successful perks of the American work ethic.
Obamacare should have been just another health care plan among all the rest. If we don't want it, we shouldn't have to have it, and we shouldn't have to pay for what we don't use.Read more
Yes, but we need the immigration fixed and a whole lot more, like the end of Obamacare, and Trump has expressed a demand for single-payer healthcare in America. I suspect it is because his business holdings involve the stupid laws of all 50 states' healthcare mandates.
The solution should always have been to terminate states' mandates and open insurance to any underwriter anywhere in America (maybe even in the world).Read more
This is not just about China It is about QE and the lack of. The unlikelihood of an interest rate rise which is a red flag the system is broke and overvalued asset pricing. The Dow isn't prepared to take its medicine. It is screaming for more QE and it can't hike rates because to do so would only pop the bubble in stocks anyway.
The system is broken and the heroin addict markets screaming for monetary stimulus need to go cold turkey for the sake of the global economy.Read more
It is impossible to mention the federal government's profligacy without its enabler in debt. Let's connect the immensely powerful, unelected, and unaccountable to any American Federal Reserve and its efforts, to Congress' ability and propensity for deficit spending, and imposing massive taxation.
Since it was legislated by Congress (illegally and unconstitutionally - big whup), it has caused increasing economic devastation and social upheaval.Read more
Why spend $350 billion over ten years "'to make public colleges debt-free for students...'" when it can be done overnight with no cost at all?
Simply prohibit public colleges from accepting government loan money. Pay as you go. Bring back work/study campus jobs. Bring back academic merit scholarships. Accept loan money only if it's a private loan that the student (and/or his family) has legitimately qualified for. No government loans = no government loan debt = no problem.Read more
The primary success of America in the 19th and early 20th century wasn't because it was an industrialized nation, but rather because it was an innovative nation.
It's incredible really when you think about it, but virtually all of modernity was invented in America--electricity, the light bulb, the telegraph, the telephone, radio, television, the typewriter, the washer-dryer, air conditioning, the airplane, the helicopter, the computer, the satellite, space flight, the personal computer, the internet, the cell phone, the list just goes on and on, not to mention all the advances in farming and medicine, vaccines and pharmaceuticals...
Go back 200 years and think of a world without modernity. Then name one country that could have invented it all. You can't.Read more