Elon Musk warns SpaceX faces ‘genuine
risk of bankruptcy’
Posted By: AltaD, 11/30/2021 3:30:49 PM
Elon Musk warned SpaceX employees that the firm could face a possible bankruptcy if it doesn’t make progress on developing the Raptor engines designed to power its Starship rocket. Starship is the spacecraft that SpaceX intends to use to send humans and cargo to the Moon as well as Mars. Musk fired off an urgent companywide e-mail on Friday in which he described the “Raptor production crisis” as a “disaster” which was “much worse than it seemed a few weeks ago.” The firm has so far conducted several short test flights of its prototype from its Texas facility. But in order to send Starship into orbit, it will need as many as
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Elon Musk warned SpaceX employees that the firm could face a possible bankruptcy if it doesn’t make progress on developing the Raptor engines designed to power its Starship rocket.
Starship is the spacecraft that SpaceX intends to use to send humans and cargo to the Moon as well as Mars.
Musk fired off an urgent companywide e-mail on Friday in which he described the “Raptor production crisis” as a “disaster” which was “much worse than it seemed a few weeks ago.”
The firm has so far conducted several short test flights of its prototype from its Texas facility. But in order to send Starship into orbit, it will need as many as
The emergence of the Omicron variant of COVID-19 has international health experts worried, financial markets roiled and the Internet confused over how the new name was chosen.
The World Health Organization appeared to skip two letters in the Greek alphabet when it announced Friday the name for the latest coronavirus variant, which was first identified in South Africa.(Snip)“[For] Nu the reasoning was people would get confused thinking it was the new variant, rather than a name,” Dr. Margaret Harris said. “And XI because it’s a common surname and we have agreed [to] naming rules that avoid using place names, people’s names, animal, etc. to avoid stigma.”
Concerns over the new COVID-19 variant discovered in South Africa hammered stock markets across the world Friday, sending all three of the major US indices down at least 1 percent.
Dow Jones Industrial Average futures tanked more than 800 points Friday morning as investors abandoned bets on the global economic recovery and piled into the basket of stocks that surged during the depths of the pandemic.(Snip)The US sell-off comes after markets in Europe and Asia saw similar drops as investors around the world were jilted by warnings coming out of Africa about a new, potentially more infectious variant of COVID-19 that could be resistant to vaccines.
Liberal socialist utopias such as California are a blessing for deadbeat klepto hobos from around the world thanks to the state's lack of prosecution of shoplifting, but the same policies are becoming a major headache for nationwide retailers such as Best Buy which this morning reported that despite beating on the top and bottom line (revenues of $11.9 billion vs expectations of $11.7BN, EPS of $2.08, beating est of $1.96), its margins missed(Snip)“We are seeing more and more particularly organized retail crime,” Chief Executive Officer Corie Barry said on a conference call with analysts. “You can see that pressure in our financials, and more
While Chicago Mayor Lori Lightfoot says that she respect’s the jury’s acquittal of Kyle Rittenhouse in his Wisconsin murder trial, she had some strong words for Judge Bruce Schroeder’s handling of the case, saying that the judge “put his thumb on the scale” with some of his actions during the trial. (Snip) “Why on Earth did that child have an AR-15, leave his home in Antioch, and think that he had the right to go up to another state to supposedly protect a city?” she said.(Snip)“He had no business being there. None,” she added.
In a recent Facebook post, the mayor of suburban Naperville says that he would support a removal of the state of Illinois’ mask mandate, even as COVID cases have continued to rise in recent weeks.
Naperville Mayor Steve Chirico points to the fact that Illinois is the only state in the Midwest that still has a mask mandate on the books,(Snip)He goes on to argue that masks have a “minimal, if any,” impact on the spread of the coronavirus.
“Fact: Illinois is the only Midwestern state that currently requires a mask, and yet as of today, we are no better off than the surrounding states,”
CVS Health will close hundreds of drugstores over the next three years, as the retail giant adjusts to changing customer needs and converts to new store formats.
The company said Thursday that it will close about 300 stores a year for the next three years, nearly a tenth of its roughly 10,000 retail locations as it reduces store count density in some places.
The company said Thursday that it has been evaluating population changes, customer buying patterns and future health needs to “ensure it has the right kinds of stores in the right locations.”(Snip) explosive growth of online shopping has blunted the demand for such in-person convenience.
Crypto investors are raising millions
to buy a copy of the Constitution at a
Sotheby’s auction 7 replies
to buy a copy of the Constitution at a
Sotheby’s auction 7 replies
Sotheby’s is auctioning off an extremely rare and historic first-edition printing of the U.S. Constitution, and crypto investors are pooling millions of dollars worth of ether to buy it.
An organization known as ConstitutionDAO is raising the money using a digital crypto wallet with the aim of crowdsourcing enough funds to make the winning bid when the document hits the auction block on Thursday night.
The foundational text is valued at $15 million to $20 million. Since launching five days ago, the group has thus far raised 967 ether, or $4.3 million.
The exercise offers some of the first practical insight into how crypto infrastructure can be used to facilitate fractional ownership
The second-ranking general in the US military has sounded the alarm about China’s weapons development — warning that Beijing may soon have the capability to launch a surprise nuclear strike against America.
“They look like a first-use weapon,” Gen. John Hyten, the vice chairman of the Joint Chiefs of Staff, told CBS News Tuesday. “That’s what those weapons look like to me.” (Snip) “From a technology perspective, it’s pretty impressive,” he said. “But Sputnik created a sense of urgency in the United States … The test on July 27 did not create that sense of urgency. I think it probably should create a sense of urgency.”
In September, the Biden Administration released back to Russia the world’s most dangerous cybercriminal, Alexei Burkov, after Trump’s Justice Department had taken great pains to extradite him from Israel. (Snip) Instead of serving a maximum sentence of 15 years in US prison, the cyber criminal was deported to his native Russia.
Russian cyber criminals like Burkov have extorted millions of dollars in ransom from US businesses in return for unlocking infected computer networks. But the main value of highly-skilled cyber criminals like Burkov for Russian President Putin is not how much ransom he can gain, but rather, what these hackers can do for their country.
Billionaire Citadel founder Ken Griffin
says he'll go 'all-in' to defeat Dem Illinois
Gov. Pritzker 6 replies
says he'll go 'all-in' to defeat Dem Illinois
Gov. Pritzker 6 replies
Call it the battle of the billionaires. Ken Griffin, the Chicago billionaire who runs hedge fund giant Citadel and owns the enormous market-making firm Citadel Securities, says he’s "all-in" to back a candidate to try and defeat fellow billionaire and Democratic Gov. J.B. Pritzker of Illinois."I’m going to make sure that if he runs again, that I am all-in to support the candidate who will beat him," Griffin said Wednesday during comments he made at the DealBook Online Summit hosted by The New York Times. "He doesn’t deserve to be the governor of our state. "Griffin, a longtime foe of Pritzker, charged that the governor "called me a liar
Morgan Wallen says he’s “blessed” despite losing out on a Country Music Association award and being banned from the awards show, which was held in Nashville on Wednesday night. (Snip) CMA organizers barred Wallen from attending the glitzy ceremony but still allowed his sophomore record, “Dangerous,” to be nominated in their Album of the Year category.
“Dangerous” was the highest-selling record among those nominated, but the crooner lost out to Chris Stapleton’s album “Starting Over.”Last week, Wallen took a swipe at the CMA Awards after his ban from the show was announced.
“PSA: Everyone is welcome to attend my shows,” he tartly wrote on Twitter.
Most Active Articles (last 48 hours)
Get Ready for President Hillary Clinton
69 replies
Muhammad Ali said, "It ain't bragging if you can back it up." So, excuse me for bragging, but in my almost six years as a nationally syndicated radio and TV host, my predictions have been remarkably accurate. I'm not perfect, but I'm batting close to .990. It's the best record of anyone in the media.
Almost everything I've predicted has come true, including a stolen election based on mail-in voting without voter ID; a communist takeover of the USA based on lockdowns, COVID-19 "public safety" mandates and open borders; and President Joe Biden being a brain-dead puppet with dementia.
The Salvation Army said Monday it has withdrawn a discussion guide on racism that was intended for its church members but that an advocacy group claimed was given to donors as a call to “repent” for being White. “If that document is getting in the way of the fulfillment of our mission, The Salvation Army is going to remove it,” Commissioner Kenneth Hodder, the group’s U.S. national commander, told The Washington Times. “Because nothing can be allowed to affect the fulfillment of that critical mission.”
The church group has been flooded by email complaints about repentance requests over its guide “Let’s Talk About Racism,” one critic said.
Former New Jersey Governor Chris Christie's new book touting himself as the potential savior of the Republican Party has sold just over 2,000 copies in the week since it was published. In its first week available in stores, Christie's tome titled Republican Rescue has sold just 2,289 copies, according to BookScan data cited by the publishing newsletter Press Run. Press Run author Eric Boehlert called the sales figures a 'a colossal publishing flop' and 'debacle' for Christie, comparing the dismal sales to the same-week sales of 24,000 for Jonathan Karl's new political book, Betrayal: The Final Act of the Trump Show. The meager book sales come despite persistent promotion
As of Monday, Kyle Rittenhouse is no longer enrolled at Arizona State University’s online program.A spokesperson for the university said that Rittenhouse, 18, is “not currently enrolled in any classes at ASU” and still “has not gone through the ASU admissions process,” according to Campus Reform. Rittenhouse said he was taking online classes at ASU and in recent interviews, he had indicated that he would like to attend classes in-person – ASU had even previously confirmed he was enrolled as a ‘non-degree-seeking’ online student for the session that began in mid-October, even though the teen had not gone through the full admissions process.
With just four weeks left in office, Mayor Bill de Blasio launched the country’s first legal shooting galleries Tuesday morning, calling them safe havens for addicts—shortly before five people overdosed at just one of the clinics on opening day. “Overdose Prevention Centers are a safe and effective way to address the opioid crisis. I’m proud to show cities in this country that after decades of failure, a smarter approach is possible,” de Blasio said in a statement. The nonprofit-run centers, New York Harm Reduction Educators on E. 126th Street in Harlem and Washington Heights’ CORNER Project on W. 180th Street, opened Tuesday. There were five overdoses
So much for “Minnesota nice.” President Joe Biden received an ugly welcome in the Land of 10,000 Lakes Tuesday when his motorcade passed dozens of protesters who held vulgar signs dissing the commander-in-chief. Some of the demonstrators waved campaign flags for former President Donald Trump. One sign said “FJB” in an apparent abbreviation of “F–k Joe Biden.” “A less coded version just outright said ‘F–k you Biden’ with the U in the F word cleverly drawn to look like a middle finger,” reported White House pool correspondent Todd Gillman of the Dallas Morning News. “A real middle finger attached to a somewhat rough looking middle age man
Trio of teen girls wanted for smacking
children in anti-Semitic Brooklyn hate
crime spree 31 replies
children in anti-Semitic Brooklyn hate
crime spree 31 replies
A trio of teen girls on an anti-Semitic hate crime spree in Brooklyn smacked around two small boys and a teenager, police said Tuesday.
The hateful teens targeted strangers wearing traditional Orthodox clothing in Bedford-Stuyvesant, cops said. They first struck about 6 p.m. Friday when they confronted a 12-year-old boy walking his 3-year-old brother home on Skillman St. near DeKalb Ave. One of the teens slapped the younger brother in the face before the trio ran off. About 5:35 p.m. the next day, they attacked an 18-year-old woman and her 7-year-old sister walking to a store, police said.
As the Biden Administration continues to push American families into alternative energy sources by maintaining pain at the pump, Transportation Secretary Pete Buttigieg is attempting to explain away high gas prices.
During an interview with MSNBC over the weekend, Buttigieg reassured Americans they won't have to worry about an increase in gas prices ever again, so long as they buy an electric vehicle.
"Families who own that vehicle will never have to worry about gas prices again," Buttigieg said. "The people who stand to benefit most from owning an EV are often rural residents who have the most distances to drive, who burn the most gas, and underserved urban residents
WASHINGTON, D.C. – Congressman Peter DeFazio, who has represented Oregon’s Fourth Congressional District for 36 years, announced Wednesday he won’t seek re-election in 2022. DeFazio is the longest serving House member from Oregon and the 65th-longest serving member of the House in U.S. history. “With humility and gratitude, I am announcing that I will not seek re-election next year,” DeFazio said in a press release Wednesday. “It has been the greatest honor of my life to serve as Congressman for the Fourth District of Oregon. For 36 years I have fought corporate greed and special interests to benefit Oregon’s working
The 'bullied' teenage gunman who shot dead four students at Oxford High School in Michigan on Tuesday has been identified as 15-year-old Ethan Crumbley. Crumbley lives with his parents James and Jennifer in a small home in Oxford, less than two miles from where he opened fire on Tuesday, killing Tate Myre, 16, Hana St Juliana, 14, and 17-year-old Madisyn Baldwin. A fourth boy, Justin Shilling, 17, died in the hospital on Wednesday morning. Crumbley's motive for the shooting remains unconfirmed by police, but kids at the school say he was being bullied.
Nancy Mace, U.S. representative from South Carolina, has faced criticism online as a video surfaced showing how differently she speaks about vaccines while on Fox News compared to CNN.
In her Fox News interview on Sunday, Mace spoke about the benefits of natural immunity over vaccination. While on CNN on the same day she said she was a supporter of getting vaccinations and highlighted the dangers of COVID.
Over the weekend, New York Democratic Governor Kathy Hochul signed an executive order halting "elective" or "non-essential" surgeries in the state, claiming it was necessary to prepare for the arrival of the latest Wuhan coronavirus variant.
"We've taken extraordinary action to prevent the spread of COVID-19 and combat this pandemic. However, we continue to see warning signs of spikes this upcoming winter, and while the new Omicron variant has yet to be detected in New York State, it’s coming," Hochul released in a statement. "In preparation, I am announcing urgent steps today to expand hospital capacity and help ensure our hospital systems can tackle any challenges