Tim Fernholz
@TimFernholz
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Journalist. Writing at Payload Space and elsewhere. ROCKET BILLIONAIRES: | +1 347 778 1414 | byproduct of yesterday’s trades | (he/him)
Oakland, CA
Joined April 2009
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I’m starting a newsletter (duh) to share my work and have a place for blogging. If you want to read (and support) my writing, please SIGN UP:
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Sasse voted confirm the prosecutor who let Epstein walk, Alex Acosta, as secretary of labor
Nebraska Sen. Ben Sasse: “Epstein has evaded justice for too long - this child rapist belongs in prison and should not be allowed to post bail and hurt more girls. This monster received a pathetically soft sentence last time and his victims deserve nothing less than justice.”
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Baffling that this story about eight soldiers who have died in mysterious circumstances at Ft. Hood this year doesn't mention its commander, LTG Pat White
@iiicorps_cg
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think men in public life threatening to fight each other is embarrassing for all involved, but I would pay money to watch Donald Trump walk up a fairly steep hill
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Wow, great job USA Today not letting this fall into the memory hole: Trump's inaugural committee hasn't accounted for tens of millions of dollars and won't answer questions about it
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The news is so crazy that a US senator being brutally beaten by his neighbor in a mysterious dispute is flying under the radar
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Seeing comparisons of Kabul today to Saigon 1975 and wondering if people making those comparisons think the US should have stayed longer in Vietnam, and why?
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It’s amazing how much history would have been changed if the US Justice system took white collar crime seriously before 2017.
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The
@NewYorker
buying Twitter ads to promote its article about how Twitter is dying kind of undercuts the thesis
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Trump's descriptions of current US immigration law are wildly incorrect.
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As we await word on Trump biz, good reporting in WSJ: He owes $315 million to more than 100 firms he will regulate.
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AP confirms that Trump wants to cut college aid to fund moon mission:
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Troubling account of the conditions inside Blue Origin from a former employee who says the company created a sexist culture and over-worked employees
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Wow, the IG at the Department of Interior has asked the Department of Justice for a criminal investigation into Secretary Ryan Zinke
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Totally normal in Washington, right?
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Yesterday marked the four month mark since Blue Origin's New Shepard rocket failed during flight, and we're still not sure what happened.
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Much of this newsletter is sealed to protect the competitive secrets of SpaceX and the other bidders, but redacted filings give us a clue about what Musk and company are upset about.
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"Why do you think most people still don't feel positive or feel good news about the economy?"
BIDEN: "You turn on the television and there's not a whole lot about 'boy saves dog as he swims in the lake,' ya know? It's about 'somebody pushed the dog in the lake.'"
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@whet
between this and the debt back on the front page of the WSJ, it seems regular service has resumed
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These are two very different narratives from
@WalterIsaacson
…was there a secret message to his engineers to turn off coverage or not?
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Ohio reporters find that Treasury nom. Mnuchin lied when claiming his bank didn't use robo-signing in foreclosures
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Pretty wild goal-post moving quote from Graham here—the former Clinton prosecutor is now fine if the president commits a few felonies, but only treason merits impeachment?
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I'm sorry it's pretty funny that the Artemis hearing today is called "KEEPING OUR SIGHTS ON MARS" when Congress can't even fund the moon part
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my verdict hot take: the charges against Trump were always straightforward and anyone following the trial could see he had ample opportunity to dispute them, but hardly did. Everyone is surprised at the courage of the jury.
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Woof, just seeing that neither the Child Tax Credit nor the SALT exemption are inflation-adjusted. Tick tick tick...
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my 2014 piece about Russian influence buying and Oleg Deripaska holds up ok
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A compelling argument that appointing Whitaker to be the acting Attorney General is unconstitutional:
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it's as though they wrote a bill intended to punish Trump voters
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lol politico changed this piece without noting the correction or its effect on the thesis
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what makes this story is the tangible pride that actual paralympians take in their work and achievements
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The treatment of dental care as optional or not related to health is a travesty
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Watergate began today in 1972, but it still took more than two years before Nixon stepped down.
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I definitely did not take this factor into account, and maybe that's why the debt talks were so easy: GOP legislators didn't want to blow up their stock portfolios.
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this is wildly false, of course—leaks from CIA officials put Amiri's work in newspapers around the world
Many people are saying that the Iranians killed the scientist who helped the U.S. because of Hillary Clinton's hacked emails.
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Why did the House and Senate bother passing a budget reconciliation resolution on party lines if neither of their tax bills comes close to meeting the rules they set?
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whoa whoa whoa, it's not appropriate to talk about health care policy in terms of lives saved or lost. Civility, folks!
A program started by President George W. Bush in 2005 has saved the lives of almost 2 million children.
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Trump still hasn't signed the NDAA. How confident are we that he'll sign the omnibus?
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The CFPB dropped a lawsuit against payday lenders, and Trump voters are surprised!
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More evidence that the tax bill is going to lead large US companies to shift their profits overseas, not invest at home:
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when they talk about US prestige and credibility, it's because they have nothing to say about US interests, finances or capacity
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More background on the Wilbur Ross allegations from the reporter who documented them all
(1/9) I was told the commerce department sent this statement to MSNBC regarding the Wilbur Ross story. I asked an official at the commerce department to also send me the statement, but he has not. In any case, there are several issues with it that I think are worth explaining.
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@DKThomp
you gotta wonder how much some of the earlier clearances were just throwing some random person in jail
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brutal news for Avi Loeb: JHU scientists say that key evidence of an interstellar object was actually just a truck driving near a seismograph, and that whatever Loeb's expedition found was unlikely to be related to whatever entered the atmosphere
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I'm sure Tom Friedman can explain why imprisoning your mother is just another step on the road to democracy
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trying to achieve this level of poise
Just recorded this! 🤯
Such talent and confidence... This man is having a pineapple 🍍 tray on top of his head on the train footboard. He is not even holding it even though the train is moving at a very high speed and it is shaking! 😳
Only in Sri Lanka 🇱🇰
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Trump's 100 day agenda video definitely skips past a lot of his more controversial/difficult promises
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A wild new
@maxar
pic from Ukraine, with a field absolutely peppered with artillery strikes.
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McCain literally could have returned things to regular order by voting "no" ten minutes ago.
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@SciGuySpace
gotta feel for Yusaku...he put down a deposit on a mission when SpaceX needed money, and it was never taken seriously
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For those keeping track at home, US armed forces are deployed in the field assisting the Saudis in “legitimate military operations” against Yemeni rebels
A bus carrying children on a field trip in Yemen was hit by an airstrike the Saudi-led coalition describes as a "legitimate military operation." At least 29 of the children were killed.
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I love how “both sides” is the dominant paradigm for political coverage but economics coverage is just “let’s share the most pessimistic interpretation even though it has defied the evidence for 18 months”
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Just a reminder that VP Pence, now in charge of the US response to the Coronavirus, wouldn't allow needle exchanges in response to an HIV outbreak in while governor of Indiana
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Now this is political correctness!
NEW: We have reporting inside Twitter that explains why Jack hasn't "banned the Nazis:" Treating white supremacy like ISIS would mean autobanning some Republican politicians
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insane productivity--and no one in the world can match it
Since its first mission in November 2020, this single first stage has launched eight astronauts and more than 500 satellites, totaling 261+ metric tons to orbit in under four years
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Oh, politico. story of Clinton legally using benefit that applies to all ex-presidents framed as an ethical lapse
Program for ex-presidents paid salaries and benefits to Clinton aides at the center of controversies
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satellite data is something else
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Have to hand it to the Ether crowd, they received a valid criticism and made a major change. Maybe the most positive crypto news of the last year? (Assuming the various well-discussed Merge side effects are mild)
Energy use of Etherium just went to nearly nothing
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@mattyglesias
knowing start-ups, I'd bet the ops manager just put their home address down and the founder didn't know
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@jbouie
It’s like inception. The best thing about animaniacs is suddenly understanding one of the bits because you watched Goodfellas or Duck Soup
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This is the heart of the SEC's case against Elon Musk for stock manipulation, which asks for financial penalties and foir him to be barred from serving as the officer or director of a public company
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Very curious what the US Space Force thinks about Elon Musk's conversations with Putin
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"Why isn't Obama angry and lashing out about this issue?" — people who have been asleep for the last eight years, I guess
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Comcast is already planning to charge its customers more when net neutrality rules are eliminated
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Was interviewing some Mexican-American Uber drivers the other day and they changed the subject to talk about how much they hate Donald Trump
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a lot of truth in these tweets
I've been struggling with this a long time. Trying to decide if it's true, if it's fair, what to say about it. I can't sidestep it anymore.
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I'm honestly at a loss to what the Speaker of the House pays attention to if not the activities of the federal government
Reporter: Are you confident in EPA Admin. Pruitt?
Speaker Ryan: "Frankly I haven't paid that close attention to it ... I don't know enough about what Pruitt has or has not done to give you a good comment."
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Leaving INF is seen as a win for Putin—it splits the US and NATO countries who don’t want US nukes in their backyards. Moscow will have an easier time of deploying new missiles than Washington, and blaming the US for leaving the treaty
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can offer anecdotal confirmation that a number of grifters I personally know took jobs on this campaign
Bloomberg staffers told me about the grifts they ran, which included actively campaigning for Bernie Sanders, faking canvassing quotas, and diverting campaign resources to local races they supported:
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On the left, what people think Space Force is. On the right, what Space Force actually is.
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this newsletter is a national treasure, and it’s total bull that anyone should be frustrated by this newsletter
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One reason I don’t find the “polycrisis” framing very helpful is that most of human history seems to meet its definition
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it's the Army Corps of Engineers. You've invented the Army Corps of Engineers.
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The idea that SpaceX's Starship is being held up by a new and duplicative government review isn't supported by the facts. The company violated the terms of the FONSI during its launch, in ways that its own former and current employees predicted would happen.
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Dear
@nytimes
...
"Moderate" is not a substitute for "working class whites" or the opposite of "young and nonwhite"!
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Big scoop from
@MarcusReports
—Trump is walking back his controversial Space Force proposal, fearing that the new congress won't approve it
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Kaine is winning late points talking about faith and choice in a way Democrats have dreamed of for decades
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I think the defining lesson of the VA election is that Marin O'Malley would have won.
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I love low-hanging fruit: Can we really reduce a third of aviation's contribution to global warming just by changing where planes fly?
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a lot of tweets about Trump calling dead soldiers losers but what captures our political moment is when Trump denigrates veterans while standing with Gen. John Kelly at his Marine son's grave in Arlington, and then John Kelly continues to work for Trump for another 18 months
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now imagine this on stage in battleground states for the next three monts
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call it Kathy's revenge—NASA took the Moon program away from her, and now she's working on Starship
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Perusing the Planet Lab ($PL) quarterly earnings and maybe this is a low bar, but the company says it expects to earn $188-192m this fiscal year—precisely what it predicted in 2021 before it went public in a SPAC deal. Not every SPAC'd firm can say that...
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So now that I've read the NASA OIG report on CLPS, the agency's plan to move fast by hiring private companies to transport scientific payloads to the Moon, and it's not quite as damning as the headline
#s
.
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the only person to lose their job in the last year because of the Fed is the CEO of Silicon Valley Bank
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@GraceOnFootball
I can confirm that nasa rocket scientists love talking about rocket science with pretty much anyone
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Wherein I provide a different explanation than
@dandrezner
for Trump's sudden about-face on ZTE
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Speaking of the Boring Company, it's original plan in 2015 was to dig a tunnel from SpaceX's parking garage to its main facility across busy Crenshaw Blvd. No tunnel as of 2018, but there's now a pedestrian bridge connecting the two buildings that I bet was a lot cheaper.
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Another one: Boies sued the AP for libel on behalf of Russian oligarch Oleg Deripaska. Suit was dismissed in October
Harvey Weinstein lawyer David Boies’s quiet career squashing stories for the powerful
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this turned out to be prescient
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@SciGuySpace
I had a funny conversation with a satellite operator the other day who only reluctantly admitted that just one extant rocket could launch their spacecraft after walking through this list...
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As usual,
@sarahkliff
is out there doing god's work and identifying the real problems with the ACA
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