Author Archive: Glenn Reynolds

WHEN BUREAUCRATS STRIKE: After third successful test flight, FAA grounds Starship for “mishap” investigation. Iterative testing is not a mishap. “Starship will remain grounded until the FAA concludes its investigation and awards a fresh launch license. . . . The regulator said it would be involved in every step of the process. It will need to approve SpaceX’s final report, including any corrective actions the company intends to take, before a license can be reissued.”

MORE SUPPORT FOR THE “IT’S A BAD FLU” THEORY: Long COVID ‘indistinguishable’ from other post-viral syndromes a year after infection, researchers find.

Related: Long Covid: even faker than you thought. “The term ‘long Covid’ should be dropped from use, because Covid has no more aftereffects than the flu or other mild respiratory illnesses, according to a major new study from Australia released yesterday. The study showed that only 3 percent of people who had Covid had ‘moderate-to-severe’ aftereffects a year later – numerically fewer than those infected with influenza or other mild respiratory diseases.”

MARK JUDGE: Peter Thiel Needs to Write Me a Check. “The right’s refusal to support artists leads many people to abandon conservative politics—or to not join.”

EVERYTHING IS GOING SWIMMINGLY: More Americans Are Treating Their 401(k)s Like Cash Machines. “A record share of 401(k) account holders took early withdrawals from their accounts last year for financial emergencies, according to internal data from Vanguard Group. . . . Americans are dealing with conflicting financial forces. While hiring has been strong and workers’ earnings keep rising, the cost of groceries, child care and car insurance keeps climbing. More people are carrying heftier balances on their credit cards. Emergency distributions hit back-to-back record highs in 2022 and 2023, according to Vanguard, which administers 401(k)-type accounts for nearly five million people and published the data ahead of an annual report scheduled for June. The Internal Revenue Service allows withdrawals for hardship-related reasons, including preventing evictions and paying medical and tuition bills. People who take them from traditional accounts must pay income tax, plus often a 10% penalty if they are younger than 59½ years old. Nearly 40% of those who took a hardship distribution last year did so to avoid foreclosure, compared with 36% in 2022.”

DON’T GET COCKY:

That’s if the election were held now. It’ll be held in November, after plenty of time for shenanigans.

OPEN THREAD: Hang on baby, Friday’s coming.

IF THE DOORS WROTE ENTER SANDMAN.