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Obama ends moon program, endorses private spaceflight | The Space Shot - CNET News: "On the seventh anniversary of the Columbia disaster, President Obama unveiled a sweeping change of course for the nation's space program Monday, putting an end to NASA's post-Columbia moon program and shifting development and operation of new rockets and capsules from the government to private industry."
Reducing the government's hold on space exploration and making room for the free market will allow "astronomical" advancements.
Monday, February 01, 2010
Individual Mandate Would Impose High Implicit Taxes on Low-Wage Workers | Michael F. Cannon | Cato Institute: Commentary
Individual Mandate Would Impose High Implicit Taxes on Low-Wage Workers | Michael F. Cannon | Cato Institute: Commentary: "In their attempt to expand health insurance coverage, House and Senate Democrats are poised to make the American dream less accessible to low-income Americans by hitting them with higher implicit tax rates than even multi-millionaires face.
In a new study, I found those implicit marginal tax rates would hover near 70-80 percent over broad ranges of income. In many cases, they would exceed 100 percent, financially penalizing those who try to climb the economic ladder."
"The penalties are so small that healthy individuals could save as much as $3,000 per year by going uninsured, while families of four could save $8,000. Those savings would grow over time. Each bill would effectively eliminate any penalty for 'going bare' by forcing insurers to sell to the uninsured at standard premiums whenever they fall ill.
When healthy people respond to those incentives by abandoning insurance pools, premiums will rise for those who remain. That will create pressure for even more government spending and higher taxes.
In a new study, I found those implicit marginal tax rates would hover near 70-80 percent over broad ranges of income. In many cases, they would exceed 100 percent, financially penalizing those who try to climb the economic ladder."
"The penalties are so small that healthy individuals could save as much as $3,000 per year by going uninsured, while families of four could save $8,000. Those savings would grow over time. Each bill would effectively eliminate any penalty for 'going bare' by forcing insurers to sell to the uninsured at standard premiums whenever they fall ill.
When healthy people respond to those incentives by abandoning insurance pools, premiums will rise for those who remain. That will create pressure for even more government spending and higher taxes.
Study: Distractions, not phones, cause car crashes | Signal Strength - CNET News
Study: Distractions, not phones, cause car crashes | Signal Strength - CNET News: "A new study suggests that laws banning talking on or sending text messages with cell phones while driving may not significantly decrease the risk of traffic accidents. Instead, experts suggest dealing with the problem of distracted drivers in general."
"Indeed, Rader said the study also indicates that even though cell phone usage nationally has exploded over the past several years, and more than 89 percent of the U.S. population owns a cell phone, there has been no uptick nationally in the number of car accidents."
"Indeed, Rader said the study also indicates that even though cell phone usage nationally has exploded over the past several years, and more than 89 percent of the U.S. population owns a cell phone, there has been no uptick nationally in the number of car accidents."
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