At the PBS Newshour site, an analysis of what today's historic SpaceX launch means for the future of space flight, by veteran space journalist Miles O'Brien.
Space is hard and unforgiving and there is still a lot of challenging work ahead for the SpaceX Dragon team. I would not pop the champagne corks just yet. But this is a moment to savor.
For the first time since Endeavour's wheels stopped on runway 15 at the Kennedy Space Center on July 21, 2011, a U.S. built spacecraft is back in Mach 25 motion - on its way to meet up with the International Space Station.
Endeavour landed 42 years and one day after Neil Armstrong first left his footprints on the moon, and the J.D. Salinger of the Apollo astronaut corps has been very vocal in his opposition and skepticism about this new course in space.
But anyone who claims they are interested in the exploration of the Final Frontier must applaud this endeavor (lower case - without the "u"). It has now been more than fifty years since human beings first flew to space and little more than 500 of them have been there. Talk about the ultimate elite club.
It is high time that ended and that will never happen if the government runs its space enterprise the way it has up until now: with cost-plus contracts that provide no incentive for the private sector to think about efficiencies.
Read the rest here.
In a new working paper from the Center for Economic Policy Research, scholars look at the trading records of shareholders, directors and top executives of major financial institutions in the runup to the crash of 2007, and find that the sell-offs by the top five executives at a bank strongly correlated with that bank’s losses […]
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