The price tag for Russia to continue to destroy cities and towns in Ukraine is staggering. Things are not going well for Russia. One of the highways departing out of Russia has a two-day backup. Words from the great communicator this week was about what the First Lady is doing.
“The First Lady has created a Foundation. She chose three areas: medicine, education and humanitarian aid. And these are colossal challenges: to restore what was destroyed, to help those who need protection, to give hope for the future and to give people the feeling that they are respected. I’ve emphasized this during the presentation of the Olena Zelenska Foundation. This is an extremely noble cause, and I encourage people, companies, foundations to join in. We defend freedom, we defend people, and we do everything so that as many friends of freedom as possible around the world can contribute to this struggle. Thank you to everyone who supports Ukraine!”
After World War II the United States Army captured 200 German rocket scientists and 300 rail cars full of V-2 rocket parts, the latter of which were later reassembled and used as sounding rockets to test components and instruments and/or to collect engineering and scientific data at White Sands Proving Grounds in New Mexico from 1945 through 1952. During one such test on May 29, 1947, a modified V-2 veered off course and crashed near a populated area in Juarez, Mexico, just south of El Paso, TX. No one was hurt but a 50 foot by 24 foot crater was left by the impact of the four and a half ton rocket, which had no explosive warhead, hitting the ground at approximately 720 miles per hour.
This incident led to more strict range safety procedures, which can be overseen manually or automatically. For the last several decades every rocket flies with some form of flight termination system. This is an independently powered, usually by battery, explosive device that can be triggered remotely by the United States Space Force (USSF) in the event the launch vehicle departs from its intended trajectory. Historically, this capability required USSF resources to plan for and monitor any rocket launching from the eastern or western range. A newer system called the Automated Flight Safety System (AFSS) uses GPS and various tracking sensors to automatically terminate the vehicle if it goes off course. The benefits of this system are reduced resource requirements from USSF and dependency on ground stations, which are sometimes unavailable due to maintenance. Since less manpower is required when using AFSS the range is more flexible and nimble with companies like SpaceX who are launching at a rate of more than once a week while ensuring public safety.
– Aaron J. Patrick
Crypto had another bad week but I continue to believe it will recover. Jamie Dimon, the high-profile chairman and CEO of JPMorgan, said “I’m a major skeptic on crypto tokens like Bitcoin”, speaking Wednesday at a House Financial Services Committee meeting with the leaders of other major banks. “They are decentralized Ponzi schemes, and the notion that it’s good for anybody is unbelievable. It’s dangerous.” I think the danger big bank CEOs are concerned about is protecting the tens of billions in fees the banks collect from our highly inefficient financial system. Yes, there are a lot of bad things happening in crypto land including fraud, Ponzi schemes, insider trading, etc. This was also true in the early days of the Internet. We have to look beyond the unregulated wild west we have today and consider the possibilities of a digital world. My belief in crypto is unwavering.
Rising recession fears have clobbered the market big time. Who knows what is ahead? I sure don’t. However, I believe the solutions to inflation and recession have their roots in tech. Gammat stocks are down to $8 trillion. I remain bullish on tech and bearish on abilities of Congress.