Abu Dhabi Ocean Racing’s Azzam suffers broken mast /+UPDATE

Abu Dhabi Ocean Racing’s Azzam reported that she had suffered a broken mast and had suspended racing on the first leg of the Volvo Ocean Race 2011-12, which began today in Alicante.Abu Dhabi Ocean Racing, skippered by Ian Walker from the UK at the start of leg 1 of the Volvo Ocean race 2011-12 from Alicante, Spain to Cape Town, South Africa. - PAUL TODD/Volvo Ocean Race Navigator Jules Salter told Volvo Ocean Race control that all the crew were unhurt and were attempting to recover what they could.“There is no panic on board and we’re planning to motor back...

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Our Libyan Adventure

Are you suggesting that we would be better off with the Qaddafi dictatorship still in effect?” asked Chris Wallace, browbeating presidential candidate Michele Bachmann. And why shouldn’t he? After all, the Fox News anchor had just gotten Secretary of State Hillary Clinton and Sen. Lindsey Graham to perform the requisite “Arab Spring” cartwheels over the demise of Libyan strongman Moammar Qaddafi. Apparently, when leading from behind ends up leading to a vicious murder at the hands of a wild-eyed mob, even folks who once got the sniffles over fastidiously non-lethal waterboarding can feel good about pulling out their party hats....

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Government "Venture Capital" vs. Private Venture Capital

Megan McArdle writes in the Atlantic about the difference between government venture capital and private venture capital. By far the biggest difference is not even mentioned. There is a dramatic and critical difference between government loan guarantees and private venture capital (PVC). The PVC investor expects to make a bundle from his investment, typically by getting an equity stake and cashing out when the successful firm goes public. That’s the best case scenario for PVC. If the company fails, they’re out their seed capital. When the government gets into the venture capital business, risking your money and mine, what’s the...

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MICHELLE'S WILD ADVENTURE...

Headline only .... with picture!

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Abby's Odyssey: In Defense of the Sunderlands (Should they be blamed for this dangerous adventure?)

Abby Sunderland's recent adventure has everyone questioning teen safety. It all depends one how one defines it. Parents, where are your teenage daughters? They had better be "safe" at home watching the perverse antics of Disney role models like Miley Cyrus or Lindsay Lohan on TV. Perhaps they're "safe" at school, where they are being educated about the sexual revolution, and in some states, being ushered "safely" by administrators to a clinic where the abortion procedure will be administered with you parents none the wiser. At the very worst, one can rest assured that even if America's daughters have ventured...

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