Ayn Rand died more than a quarter of a century ago, yet her name appears regularly in discussions of our current economic turmoil. …her magnum opus, “Atlas Shrugged,” is selling at a faster rate today than at any time during its 51-year history.
There’s a reason. In “Atlas,” Rand tells the story of the U.S. economy crumbling under the weight of crushing government interventions and regulations. Meanwhile, blaming greed and the free market, Washington responds with more controls that only deepen the crisis. Sound familiar? [Read more…]
No sooner had SpaceShipOne safely landed in the Mojave Desert, making history as the first privately-funded manned space vehicle, than government officials rekindled their desire to regulate this nascent private industry. Such concern for the safety of future space travelers is commendable but somewhat disingenuous, given Congress’ rather poor record of oversight in maintaining the safety of NASA’s Space Shuttle program.
On Monday, October 4th, 2004, piloted by a civilian, SpaceShipOne reached space for the second time in two weeks. As reward for such a remarkable feat Mojave Aerospace Ventures, a private company headed by aeronautic legend Burt Rutan and funded by billionaire Paul Allen, will receive the $10 million Ansari X-Prize.
The revolutionary SpaceShipOne project was started by Burt Rutan partially in response to the challenge setup by the X-Prize. The prize was created to reward the first privately funded team that sent a three-person spacecraft into space on two different flights within a two-week period. With approximately $30 million in funds Rutan and his group were able to achieve this amazing goal in a relatively short amount of time and claim the award. [Read more…]