Economy

Startup tackles weather forecasting.

"Spire's solution? Establish a linked network of over 100 shoebox-sized CubeSats, that will use GPS technology to gather 100 times the amount of weather data than is currently possible. The first 20 of those satellites are scheduled to launch later this year."

Simple and cheap. That's why government would never do it.

David Stockman on income inequality.

"Stockman's specific concern is gains in the stock market, which he say have contributed massively to wealth inequality. Since he maintains that stocks have been propped up by the actions of the Federal Reserve, he has a problem with the money that Americans have made from rising stocks.
Profits off of stocks are "totally ill-gotten gains," Stockman said Thursday on CNBC's "Futures Now."
"This is a massive windfall to the 5 percent or 1 percent" wealthiest American households, he said. "This prosperity we've had in the top 5 percent—and that's where most of the consumption growth has been—is entirely a function of artificially ballooning stock prices and other risk assets.""

Yep.

""We've had two huge bubbles that collapsed already in this century," he said. "When this third bubble collapses—and surely it will—I believe that will be the day of reckoning. The credibility of all this central-bank-dominated, Wall-Street-coddling policy will be totally repudiated, and maybe then we can clean the slate and start over." "

But the plutocrats will already have their money out of the market. The only people who will lose are the common people.