Thursday, October 30, 2014

Contracting out services: exploding rockets

 The Orbital Sciences rocket that exploded after launch was powered by a
pair of rocket engines that were made during the Soviet era and
refurbished, experts said.



Why the rocket exploded is being investigated.  From the BBC:
 
The rocket was due to carry nearly 5,000lb (2,200kgs) of supplies to
six astronauts aboard the International Space Station (ISS). It included equipment for astronauts to conduct tests on blood flow to the human brain and to analyse meteors.There was also equipment for experiments to examine the
growth of pea shoots in orbit and how the body's immune system reacts to
space travel.



More than 1,300lb (600kg) of food was on board, including pre-packaged meals and freeze-dried crab cakes.


 I wonder if the company pays for the destroyed equipment and goods?  And the damage to the launch pad? 



Decades-Old Soviet Engines Powered The US Rocket That Exploded - Business Insider

Wednesday, October 29, 2014

Where did the idea of maximizing shareholder value come from?

 One view is that it is a fad.  "Historically, corporations were understood to be responsible to a
complex web of constituencies, including employees, communities, society
at large, suppliers, and shareholders. But in the era of deregulation,
the interests of shareholders began to trump all the others.... In reality, there is nothing in any U.S. statute, federal or state, that requires corporations to maximize their profits."  Earlier corporate leaders saw their roles differently.   When did it all change?  During the Reagan years.



 

Whose Corporations? Our Corporations! | BillMoyers.com

The Federal Budget Deficit Is Back to Normal

 With the government’s budget year having concluded at the end of September, the Congressional Budget Office now estimates that
the deficit for 2014 was 2.8 percent of G.D.P., down from 4.1 percent
last year. The deficit is now smaller than its average over the past 40
years of 3.1 percent.




It is now projected to be smaller in President Obama's second term, on average, than it was during President Reagan's second term.  But the public perception is that the deficit is still a big problem.  



The Federal Budget Deficit Is Back to Normal - NYTimes.com

Regulatory capture or government at work?

 The changeover in majority party is always exciting.  But will we get better government?



GOP staffers and lobbyists have already been working behind the
scenes to game out how they’ll approach putting together a budget and
how the budget reconciliation process would work. Those efforts will be
complicated by funding cliffs in the spring that the Congress will also
have to deal with at the same time.  Senate Republican leadership’s promise to return the chamber to
“regular order” would also create a lot of activity with bills going
through committees and more amendments being considered.



“From my perspective, everybody both on the Hill and off the Hill are
going to be working a whole lot harder with Leader McConnell and the
Senate returning to regular order,” said Hazen Marshall, a lobbyist at
the Republican firm the Nickles Group. “People are going to be working
late. It’s going to be a brand-new world for staff on the Hill who
haven’t gone through that in a long time.”






Those shifts are likely to boost the lobbying industry’s revenues, which have been fairly flat over the past several years.  BGR Group’s Loren Monroe predicted that big-ticket legislation like a
transportation bill will increase the importance of coalition building,
especially as committees become more relevant.



“Assuming the GOP is in the Senate majority next year, there will be a
huge increase in traditional legislative activities — such as hearings,
markups, oversight and floor amendments,” Monroe said. “Coalitions will
be necessary to be able to cover all the moving parts and to support
passage of the backlog of major legislative items. Those coalitions are
much more likely to be led by Republicans or Republican-leaning firms.”






K Street’s Republicans hope for uptick in business - Anna Palmer - POLITICO.com

Tuesday, October 28, 2014

Tax reform....never

Both parties, though especially Republicans, are targeting the
relatively few lawmakers who’ve endorsed the deficit-reduction plan
drawn up by former Republican Sen. Alan Simpson and one-time Bill
Clinton aide Erskine Bowles, regarded by many budget experts as a model
of reform and that dirty word — compromise.






Monday, October 27, 2014

Is your ObamaCare information safe?

This video discusses concerns about the health care website used by the United States government and how easily it can be hacked. This website is the governments largest collection of personal data. Many leaders do not seem concerned about how easily that the website can be hacked and how unprotected the website is. Do you think that the government should put more resources into ensuring the safety of American's personal information? What do you think the next course of action should be?
http://www.foxnews.com/politics/2014/10/27/is-your-obamacare-information-safe/?intcmp=latestnews

Hoosiers will soon have to work for food stamps | Local - WSBT.com

What if you can't find a job?  The most recent Bureau of labor Statistics data shows 4.8 million job openings in the United States (see here).  Unemployment is 9.3 million (see here).  So two searchers exist for every job...and this is spread over the United States.  



Hoosiers will soon have to work for food stamps | Local - WSBT.com