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Comment: Re:Russian rocket motors (Score 1) 62

by Bruce Perens (#49787045) Attached to: SpaceX Cleared For US Military Launches

Russia would like for us to continue gifting them with cash for 40-year-old missle motors, it's our own government that doesn't want them any longer. For good reason. That did not cause SpaceX to enter the competitive process, they want the U.S. military as a customer. But it probably did make it go faster.

Also, ULA is flying 1960 technology, stuff that Mercury astronauts used, and only recently came up with concept drawings for something new due to competitive pressure from SpaceX. So, I am sure that folks within the Air Force wished for a better vendor but had no choice.

Comment: Context (Score 3, Informative) 62

by Bruce Perens (#49782349) Attached to: SpaceX Cleared For US Military Launches

This ends a situation in which two companies that would otherwise have been competitive bidders decided that it would cost them less to be a monopoly, and created their own cartel. Since they were a sole provider, they persuaded the government to pay them a Billion dollars a year simply so that they would retain the capability to manufacture rockets to government requirements.

Yes, there will be at least that Billion in savings and SpaceX so far seems more than competitive with the prices United Launch Alliance was charging. There will be other bidders eventually, as well.

Comment: Re: Great Recession part II? (Score 0) 742

by jcr (#49772685) Attached to: Greece Is Running Out of Money, Cannot Make June IMF Repayment

The Fed is not to blame for the predatory lending practices of the giant corporate banks

The Fed is definitely to blame for providing the banks with an unlimited amount of fiat money to lend. If the banks were limited to lending out their deposits, the interest rates would provide a natural limiting effect.

-jcr

"When in doubt, print 'em out." -- Karl's Programming Proverb 0x7

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