Space Trash Start-Up Aims to Be Quicker than Government

(p. D1) Mr. Okada is an entrepreneur with a vision of creating the first trash collection company dedicated to cleaning up some of humanity’s hardest-to-reach rubbish: the spent rocket stages, inert satellites and other debris that have been collecting above Earth since Sputnik ushered in the space age. He launched Astroscale three years ago in the belief that national space agencies were dragging their feet in facing the problem, which could be tackled more quickly by a small private company motivated by profit.
“Let’s face it, waste management isn’t sexy enough for a space agency to convince taxpayers to allocate money,” said Mr. Okada, 43, who put Astroscale’s headquarters in start-up-friendly Singapore but is building its spacecraft in his native Japan, where he found more engineers. “My breakthrough is figuring out how to make this into a business.”
. . .
(p. D3) “The projects all smelled like government, not crisp or quick,” he said of conferences he attended to learn about other efforts. “I came from the start-up world where we think in days or weeks, not years.”
. . .
He also said that Astroscale would start by contracting with companies that will operate big satellite networks to remove their own malfunctioning satellites. He said that if a company has a thousand satellites, several are bound to fail. Astroscale will remove these, allowing the company to fill the gap in its network by replacing the failed unit with a functioning satellite.
“Our first targets won’t be random debris, but our clients’ own satellites,” he said. “We can build up to removing debris as we perfect our technology.”

For the full story, see:

MARTIN FACKLER. “Building a Garbage Truck for Space.” The New York Times (Tues., Nov. 29, 2016): D1 & D3.

(Note: the online version of the story has the date Nov. 28, 2016, and has the title “Space’s Trash Collector? A Japanese Entrepreneur Wants the Job.”)

Hillary Clinton Did Not Give a Rat’s Ass About a Rat’s Ass Lawsuit

(p. A4) LITTLE ROCK, Ark.–One of Hillary Clinton’s first assignments as a corporate lawyer landed her far from her roots. She helped overturn a ballot measure that increased electric rates for businesses and lowered them for the poor.
“Instead of defending poor people and righting wrongs, we found ourselves squarely on the side of corporate greed against the little people,” her colleague, Webb Hubbell, later wrote.
The future presidential contender worked for 15 years as a corporate litigator at the Rose Law Firm in Arkansas’s capital, longer than any other position in or out of government. Her portrait still hangs in the firm’s downtown offices.
. . .
In her 2003 book, Mrs. Clinton writes only briefly about her work at Rose. She highlights a couple of cases, including her first jury trial, where she defended a canning company sued by a man who found the rear end of a rat in his pork and beans. He claimed he couldn’t kiss his fiancĂ©e because every time he thought about the situation he would spit.
Mrs. Clinton argued the man hadn’t suffered any real damages and because the rodent part had been sterilized it would be considered edible in parts of the world. She said the plaintiff won “only nominal damages.” Mrs. Clinton didn’t identify the name of the man or the company involved.

For the full story, see:
LAURA MECKLER and PETER NICHOLAS. “Clinton’s Forgotten Law-Firm Career.” The Wall Street Journal (Sat., Oct. 29, 2016): A4.
(Note: ellipsis added.)
(Note: the online version of the story has the date Oct. 28, 2016, and has the title “Hillary Clinton’s Forgotten Career: Corporate Lawyer.”)

Longer Permit Delays Slow Construction of Houses

(p. A3) Home prices and rents are surging in Denver, but local builder Jared Phifer said his construction work virtually ground to a halt last fall.
The reason: He can’t get permits for new projects.
The process can take as long as eight months, at which point the prices he quoted buyers often are out of date, he said.
The delays are “almost making us go bankrupt,” he said. “We’ve had to put a halt on so many projects that I’m in the process of getting a loan for $150,000 to cover all of our expenses.”
. . .
Developers of single-family homes reported that the median delay was seven months in 2015, compared with four months in 2011, according to the National Association of Home Builders.
. . .
Last July [2015], Denver saw the biggest permit backlog in its history, according to Brad Buchanan, the executive director of community planning and development. Residential projects were taking as long as three months to review, three times the target duration. Apartment and office projects were taking two months to review, although some developers and homeowners reported waiting much longer.
“Last summer our phones were ringing off the wall with people who couldn’t even get permits to change out water heaters,” said Jeff Whiton, chief executive officer of the Home Builders Association of Metropolitan Denver.

For the full story, see:
LAURA KUSISTO. “Home Builders Slowed by Permit Delays.” The Wall Street Journal (Fri., March 4, 2016): A3.
(Note: ellipses, and bracketed year, added.)
(Note: the online version of the story has the date March 3, 2016.)

Regulatory Restrictions on Business Have Doubled Since 1975

GrowingRegulatoryRestrictionsGraph2016-10-31.jpgSource of graph: online version of the WSJ article quoted and cited below.

(p. A2) Measuring the regulatory state is no easy task. The Code of Federal Regulations contains more than a million restrictions, as signified by the use of the words “shall,” “must,” “may not,” “required,” and “prohibited,” according to two scholars from the Mercatus Center, a free-market think tank. The total has doubled since 1975, pausing only during Ronald Reagan’s first term and Bill Clinton’s second.

Rule enforcement is also getting more serious. Responding to accusations of lax oversight in the past, federal authorities have imposed criminal penalties, in particular on financial companies, averaging $7 billion a year in the past four years, up fourfold from the prior 11, according to Brandon Garrett, a law professor at the University of Virginia.
. . .
Brent Skorup, a scholar at the Mercatus Center, says regulators like the FCC increasingly extract behavioral conditions from companies via transaction approvals rather than rule-making. For example, Comcast Corp. acquired NBC Universal in 2011 after agreeing to a long list of conditions, from not charging for faster network access (aka abiding by “net neutrality”) to expanding local, public-interest and children’s programming.

For the full commentary, see:
GREG IP. “CAPITAL ACCOUNT; AT&T Feels Growing Reach of Presidency.” The Wall Street Journal (Thurs., Oct. 27, 2016): A2.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date Oct. 26, 2016 title “CAPITAL ACCOUNT; Reaction to AT&T-Time Warner Deal Shows Presidency’s Growing Reach.”)

The data presented in the left panel of the graph above is described in the following article:
Al-Ubaydli, Omar, and Patrick A. McLaughlin. “Regdata: A Numerical Database on Industry-Specific Regulations for All United States Industries and Federal Regulations, 1997-2012.” Regulation and Governance (2015), doi: 10.1111/rego.12107.

The data can be downloaded at:
http://regdata.org/data/

The Garrett results mentioned above, are reported in his article:
Garrett, Brandon L. “The Rise of Bank Prosecutions.” The Yale Law Journal Forum (May 23, 2016): 33-56.

After Global Warming Hits Vietnam: “We Live Better Now”

(p. A9) On a chilly January day recently, Do Van Duy slugged back another shot of rice liquor. It had been a good year for raising fish in the Red River delta of northern Vietnam. He and other villagers in Nam Dien had gathered to toast their success as the Lunar New Year approached–and question whether climate change is such a bad thing after all.
“We live better now,” said Mr. Duy, 31 years old, who now farms grouper, shrimp and crab in the brackish waters of the delta after giving up rice a few years ago. “If you can make the switch there’s a lot more money to be made.”
Nearly three-quarters of households in Nam Dien have abandoned rice farming, said Bui Van Cuong, a fisheries official with the People’s Commune in Nam Dien, as salt water flows farther into the delta’s farmland. “The changes are very apparent over the past 10 years,” Mr. Cuong said.
The shift is focusing attention on a difficult question: Is it better to invest resources in fighting the effects of climate change, or in helping people adapt?
. . .
“Their competitive advantage is changing,” said Le Anh Tuan, a director at the Institute for Climate Change Studies at Can Tho University. “The delta might not always be the best place to grow rice, but people can raise shrimp instead.”

For the full story, see:
JAMES HOOKWAY. “Vietnam’s New Tack in Climate Fight.” The Wall Street Journal (Thurs., Feb. 25, 2016): A9.
(Note: ellipsis added.)
(Note: the online version of the story has title “Vietnam Tries New Tack in Climate-Change Battle: Teach a Man to Fish.”)

Land Use Regulations Increase Income Inequality

IncomeAndPopulationInRichAndPoorStatesGraph2016-11-14.jpgSource of graph: online version of the WSJ article quoted and cited below.

(p. A3) In this year’s election, candidates have focused blame for rising income inequality on broad economic forces, from globalization to the decline of the American manufacturing base. But a growing body of research suggests a more ordinary factor: the price of the average single-family home for sale, from Fairfield, Conn., to Portland, Ore.

According to research by Daniel Shoag, an associate professor of public policy at Harvard University, and Peter Ganong, a postdoctoral fellow at the National Bureau of Economic Research, a decadeslong trend in which the income gap between the poorest and richest states steadily closed has been upended by growth in land-use regulations.
Moving to a wealthier area in search of job opportunities has historically been a way to promote economic equality, allowing workers to pursue higher-paying jobs elsewhere. But those wage gains lose their appeal if they are eaten up by higher housing costs. The result: More people stay put and lose out on potential higher incomes.
. . .
Messrs. Shoag and Ganong looked at mentions of “land-use” in appeals-court cases and found the number of references began rising sharply around 1970, with some states seeing a much larger increase than others. For example, the share of cases mentioning land use for New York rose 265% between 1950 and 2010 and 644% in California during the same period. By contrast, it increased by only 80% in Alabama.

For the full story, see:
LAURA KUSISTO. “Land Use Rules Under Fire.” The Wall Street Journal (Weds., Oct. 19, 2016): A3.
(Note: ellipsis added.)
(Note: the online version of the story has the date Oct. 18, 2016, and has the title “As Land-Use Rules Rise, Economic Mobility Slows, Research Says.” A few extra words appear in the online version quoted above, that were left out of the print version.)

The research by Ganong and Shoag, mentioned above, is:

Ganong, Peter, and Daniel Shoag. “Why Has Regional Income Convergence in the U.S. Declined?” Harvard University, John F. Kennedy School of Government, Working Paper Series, Jan. 2015.

Let Individual Indians Own Land on Reservations

Mortgaging homes is a common way for entrepreneurs to provide initial funds for their startups. So our keeping individual Indians from owning land on reservations, cuts off their access to funds for entrepreneurship.
The commentary quoted below is related to a book edited by Anderson and contributed to by Regan.

(p. A13) . . . , Native Americans showed a remarkable ability to adapt to new goods and technology. Italian trade beads became an integral part of American Indian decoration and art. The Spanish horse transformed Plains Indian hunting and warfare.

Over centuries, however, these adaptations and innovations have been replaced by subjugation by the U.S. government. In 1831, Chief Justice John Marshall declared the Cherokees to be a “domestic dependent nation” and characterized the relationship of tribes to the U.S. as resembling “that of a ward to his guardian.” Marshall’s words were entrenched when Congress became trustee of all Indian lands and resources under the Dawes Act of 1887.
In recent decades, the government has paid lip service to “tribal sovereignty,” but in practice Native Americans have little autonomy. Tribes and individual Indians still cannot own their land on reservations. This means Native Americans cannot mortgage their assets for loans like other Americans, thus allowing them little or no access to credit. This makes it incredibly difficult to start a business in Indian Country. Even when tribes try to engage in economic activity, the feds impose mountains of regulations, all in the name of looking after Indian affairs.

For the full commentary, see:
TERRY L. ANDERSON and SHAWN REGAN. “It’s Time for the Feds to Get Out of Indian Country; A permit to develop energy resources requires 49 steps on tribal lands and just four steps off reservations.” The Wall Street Journal (Sat., Oct. 8, 2016): A13.
(Note: ellipsis added.)
(Note: the online version of the commentary has the date Oct. 7, 2016.)

The book mentioned at the top of this entry, is:
Anderson, Terry L., ed. Unlocking the Wealth of Indian Nations. Lanham, Maryland: Lexington Books, 2016.

Medal-Winning Official Steals Concrete from Public Road and Sells to Cronies

(p. A4) MOSCOW — Corruption in Russia sometimes amounts to highway robbery, literally.
A senior prison official has been accused of stealing the pavement from a 30-mile stretch of public highway in the Komi Republic, a thinly populated, heavily forested region in northern Russia, the daily newspaper Kommersant reported on its website on Wednesday [January 13, 2016].
. . .
While he was in Komi, Mr. Protopopov won a medal for fostering “spiritual unity,” the Kommersant report said, without specifying whether the unity was with the crews doing the illicit road work.

For the full story, see:
NEIL MacFARQUHAR. “Don’t Blame Snow for Missing Road in Russia’s North.” The New York Times (Thurs., JAN. 14, 2016): A4.
(Note: ellipsis, and bracketed date, added.)
(Note: online version of the story has the date JAN. 13, 2016, and has the title “Missing a Road in Russia? This May Be Why.”)

Department of Motor Vehicles Staffed by Sloths

The video clip above is an authorized “embed” from YouTube.

(p. D3) . . . “since the trailers have been playing everywhere, I can tell you a bit about one of the best things in “Zootopia”–an extended sequence set in a Department of Motor Vehicles office where all the clerks are sloths. That’s a funny notion, to be sure, and the main sloth, a clerk named Flash (Raymond S. Persi) has a deliciously distinctive demeanor. But the sequence’s great distinction is how confidently it is developed. In an era of quick cuts and speedy action, Flash is remarkably…outlandishly….hilariously….and memorably s-l-o-w. Kids will be imitating him for a month of Saturdays.

For the full review, see:
Morgenstern, Joe. “‘Zootopia’: Beauty and the Beasts.” The Wall Street Journal (Fri., March 4, 2016): D3.
(Note: the ellipsis at the start is added; the internal ellipses are in the original.)
(Note: the online version of the review has the date March 3, 2016, and has the title “‘Zootopia’ Review: Beauty and the Beasts.”)

Chelsea on Clinton Foundation in Haiti: “The Incompetence Is Mind Numbing”

(p. B1) Chelsea Clinton was alarmed.
. . .
As Ms. Clinton asserted herself at the Clinton Foundation, eager to embrace her role as a board member and de facto heir, she became concerned about what seemed to her to be a lack of professionalism, as well as a blurring of the lines between the foundation’s philanthropic activities and some of its leaders’ business interests.
. . .
Even when emailing with her parents, Ms. Clinton was not shy about delivering blistering criticism, as when she wrote to them after a trip to Haiti, which the foundation was trying to help rebuild after the devastating 2010 earthquake. “To say I was profoundly disturbed by what I saw — and didn’t see — would be an understatement,” Ms. Clinton wrote to her mother. “The incompetence is mind numbing.”

For the full story, see:
AMY CHOZICK. “CAMPAIGN MEMO; Hacked Emails Reveal Image of Chelsea Clinton.” The New York Times (Fri., OCT. 28, 2016): A17.
(Note: the online version of the story has the date OCT. 27, 2016, and has the title “CAMPAIGN MEMO; Chelsea Clinton’s Frustrations and Devotion Shown in Hacked Emails.”)