Tag Archives: rocket

Martian Summer – Andrew Kessler

by Myrna Posted on February 24, 2019

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Martian Summer

My Ninety Days with Interplanetary Pioneers, Temperamental Robots, and NASA’s Phoenix Mars Mission

Andrew Kessler

Genre: Science & Nature

Price: $1.99

Publish Date: July 15, 2014

Publisher: Open Road Media

Seller: OpenRoad Integrated Media, LLC


A space enthusiast goes inside mission control with a motley crew of rocket scientists in this “fascinating journey of discovery peppered with humor” ( Publishers Weekly ). The  Phoenix  Mars mission was the first man-made probe ever sent to the Martian arctic. Its purpose was to find out how climate change could turn a warm, wet planet (read: Earth) into a cold, barren desert (read: Mars). Along the way,  Phoenix  discovered a giant frozen ocean trapped beneath the north pole of Mars, exotic food for aliens, and liquid water, and laid the foundation for NASA’s current exploration of Mars using the  Curiosity  rover. This is not science fiction. It’s fact. And for the luckiest fanboy in fandom, it was the best vacation ever. Andrew Kessler spent the summer of 2008 in NASA’s mission control with one hundred thirty of the world’s best planetary scientists and engineers as they carried out this ambitious operation. He came back with a story of human drama about modern-day pioneers battling NASA politics, temperamental robots, and the bizarre world of daily life in mission control.

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Martian Summer – Andrew Kessler

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Rocket Girl – George D. Morgan & Ashley Stroupe, PHD

by Myrna Posted on July 4, 2018

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Rocket Girl

The Story of Mary Sherman Morgan, America’s First Female Rocket Scientist

George D. Morgan & Ashley Stroupe, PHD

Genre: History

Price: $2.99

Publish Date: July 9, 2013

Publisher: Prometheus Books

Seller: Penguin Random House LLC


LIKE THE FEMALE SCIENTISTS PORTRAYED IN HIDDEN FIGURES , MARY SHERMAN MORGAN WAS ANOTHER UNSUNG HEROINE OF THE SPACE AGE—NOW HER STORY IS FINALLY TOLD.      This is the extraordinary true story of America's first female rocket scientist. Told by her son, it describes Mary Sherman Morgan's crucial contribution to launching America's first satellite and the author's labyrinthine journey to uncover his mother's lost legacy–one buried deep under a lifetime of secrets political, technological, and personal.       In 1938, a young German rocket enthusiast named Wernher von Braun had dreams of building a rocket that could fly him to the moon. In Ray, North Dakota, a young farm girl named Mary Sherman was attending high school. In an age when girls rarely dreamed of a career in science, Mary wanted to be a chemist. A decade later the dreams of these two disparate individuals would coalesce in ways neither could have imagined.       World War II and the Cold War space race with the Russians changed the fates of both von Braun and Mary Sherman Morgan. When von Braun and other top engineers could not find a solution to the repeated failures that plagued the nascent US rocket program, North American Aviation, where Sherman Morgan then worked, was given the challenge. Recognizing her talent for chemistry, company management turned the assignment over to young Mary.      In the end, America succeeded in launching rockets into space, but only because of the joint efforts of the brilliant farm girl from North Dakota and the famous German scientist. While von Braun went on to become a high-profile figure in NASA's manned space flight, Mary Sherman Morgan and her contributions fell into obscurity–until now. 

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Rocket Girl – George D. Morgan & Ashley Stroupe, PHD

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ERP Blogstorm Part 3: Banking

by GrantBramlett Posted on December 18, 2016

Mother Jones

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Part three of our series of charts from the Economic Report of the President is all about banking. Mostly, it’s a trip down memory lane. Here’s a look at the worldwide market in derivatives over the past couple of decades:

The volume of derivatives went from $10 trillion to $35 trillion in two years starting right before the market crashed. Here’s another perspective on that:

In 1990, shadow banking was about the same size as the traditional banking sector. By 2007 it was more than twice as big. Just before the crash, shadow banking comprised two-thirds of the entire banking industry and it was almost entirely unregulated. This is why I was happy that Hillary Clinton at least mentioned shadow banking during the campaign.

Here’s how all this affected tradition banks:

In 2007, losses from trading amounted to about $30 billion. By 2009 that had skyrocketed to about $100 billion—and that’s in addition to about $40 billion in traditional loan losses. This is what happens when you start with a housing market that’s already in bubble territory and then egg it on with insane levels of rocket science derivatives, most of them unregulated bastard offspring of the shadow banking sector.

So what’s happened since then? We had a huge crash, the Fed instituted higher capital ratios for “systemically important financial institutions,” and we passed the Dodd-Frank reforms. Here’s what banks look like now:

Before the Great Recession, the biggest banks (green line) had Tier 1 equity ratios of about 7 percent. That’s why they couldn’t weather the crash. Today they’re above 12 percent. Is that enough? Maybe not. But it’s a helluva lot better than it used to be.

Finally, here’s an intriguing chart that shows one of the specific consequences of Dodd-Frank:

Most single-name derivatives are now cleared through a central clearinghouse, which makes it easy for traders to cancel out mirror-image positions they hold. This is called “compression,” and it reduces the total volume of derivatives and increases the safety of the financial system. Today, derivatives worth $200 trillion (notional) are compressed out of existence each year.

Needless to say, Republicans are hellbent on repealing Dodd-Frank. Sure, it makes the banking system safer and helps protect consumers, but big banks don’t like it, so that’s that. The party of Donald Trump, the working man’s president, will do whatever Wall Street tells them to do. Funny how that works, isn’t it?

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ERP Blogstorm Part 3: Banking

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