Tag Archives: economics

Hypersonic: Don’t believe the hype

Falcon program’s Hypersonic Cruise Vehicle
The DARPA Falcon Project’s Hypersonic Cruise Vehicle

Imagine a Mach-20 aircraft capable of flying coast to coast in less time than it takes a passenger to clear security; now imagine the jet lag to follow. If the idea still sounds appealing, bear in mind that the most recent attempt at such a plane flew right out of its own skin before ditching into the Pacific.

Welcome to the world of hypersonic flight.

Of course, that was a military weapons platform; contrary to what some aircraft manufacturers’ flacks would have us believe, passenger planes are likely to remain subsonic or supersonic for the foreseeable future – and for good reason.

Could You Commute From New York to Los Angeles in 12 Minutes?

Law & Order: SVU (Space Vehicles Unit)

Rocket imageLike international waters, space is a commons usable by all but owned by none; but, unlike any earthly commons, space borders every country on the planet, and actual or metaphorical fallout from an incident there could spoil days — or destroy lives — anywhere on Earth.

So, who watches the spacemen? And what laws or treaties exist to protect us all? The answers might surprise you.

How Space Regulation Works

And if you believe that, I’ve got some Venusian swampland to sell you

Earthrise on moon.
Photo courtesy NASA

History is so replete with property swindles that we still have jokes about them. The phrase, “if you believe that, then I’ve got a bridge to sell you” derives from a favorite dodge of turn-of-the-century confidence men like George C. Parker, who sold the Brooklyn Bridge multiple times — along with the Metropolitan Museum of Art, the Statue of Liberty and Grant’s Tomb. Selling Florida swamp land, a favorite scam of the early 20th century, continues to this day.

Scan the internet, and you’ll quickly find a half-dozen companies ready to sell you your very own piece of space property, starting with the moon. In this article, I ask whether anyone can actually own our nearest neighbor, or if all these companies are exchanging for your green is a load of green cheese.

Can Someone Own the Moon?

Ground control to Major Tom (Thumb)

Tonga
Tonga. Map courtesy CIA.

Who doesn’t love a story about the little guy who makes it big, or the underdog that overcomes? Take these five mighty mites. What they lack in geographical size they make up for in strong economies and supersized space aspirations. As the new space race heats up, and as the airless reaches cease to be the sole province of superpowers, who knows how far their ambitions will carry them?

5 Tiny Countries with Big Space Dreams

Are green machines worth the cabbage?

The world’s first mass-produced gasoline-electric hybrid car launched in December 1997 against a backdrop of growing concern over human-induced climate change and a clamor for greener technologies. Debate over the economic impact of the vehicles continues to this day, fueled by shifting sticker prices, ephemeral economic incentives and spiking fuel costs. Ultimately, detecting the economic impact of hybrids is about as easy as hearing an electric motor idling at a stop sign, but I took a crack at it anyway.

What is the economic impact of hybrid cars?