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Showing posts with label armstrong. Show all posts
Showing posts with label armstrong. Show all posts

Oct 18, 2012

AOL’s Patch to be profitable by 2014

AOL's Patch local service is headed towards profitability by the end of 2013, according to AOL CEO Tim Armstrong. Proof that the world still needs local media?

Despite many predicting doom, gloom and the death of the very concept of hyper-local content, AOL has announced that Patch, its local news service, is expected to head into the black within the next twelve months. Speaking at a conference, AOL chief executive Tim Armstrong said that the news underscores his believe that investing in local Internet is the way of the future.

Armstrong talked about the growing success of Patch at the Dublin Web Summit today, saying that the service has over 17 million users, and is on route to being profitable in the fourth quarter of 2013 (This year, Armstrong says, the service will generate somewhere close to $40 million).

Armstrong has reason to be bullish about the success of Patch; he co-founded the service as Patch Media way in 2007, two years before he joined AOL with the intent of creating a service that would be able to offer users similar information as would traditionally have been found in local newspapers before the Internet quickly put a stop to the idea of a healthy newspaper industry (Armstrong is said to have founded Patch Media as a response to being unable to find enough information about his hometown of Riverside, Connecticut, online). The mix of local news, weather, and traffic information initially attracted criticism from many onlookers, who cited poor working conditions (and, in some locations, poor quality of output) as an argument against such a decentralized business model. Nonetheless, when Armstrong became AOL CEO in 2009, one of the first things he did was purchase the company for an estimated $7 million in cash (Armstrong was paid in AOL stock).

The news that the site is approaching profitability has Armstrong happily sharing the wisdom behind his initial decision to launch the service in the first place, telling the Dublin Summit audience that “the needs of the local community remain the same. The way we approach it is, by investing in the community, we become part of the community and long term that works. It was the business model for local newspapers between 1965 and 1995.” And, of course, we know how well that worked out for local newspapers after 1995.

Since its acquisition by AOL, Patch has been criticized alongside other AOL/Huffington Post properties for the non-payment of contributors, something that Armstrong dismissed by describing AOL as “the single largest investor in journalism” online, going on to describe the company as “big believers in journalism and big believers in paying journalists.”

Perhaps, when Patch starts turning more of a profit, then its contributors will start seeing more evidence of that. Currently although there are paid positions (editors and sales managers, apparently), other contributors do it for the love of the community – or, perhaps, the hope of a payday at some point in the future.


Source : digitaltrends[dot]com

Aug 31, 2012

NASA vs. the free market: Which is better for American space dominance?

spacex takeoff private spaceflight

Neil Armstrong believed NASA’s slashed budgets would diminish America’s lead in space, but private industries are already taking up the baton – and sprinting with it.

One of my heroes died last weekend.

Neil Armstrong’s passing shook me — have we really been lunar for so long? — but what disturbs me even more is how negatively he and several other prominent astronauts regard private spaceflight visionaries like Elon Musk, Richard Branson and Bob Richards. While frowned upon by yesterday’s heroes, these fledgling entrepreneurs hold the greatest hope for future spacefarers and moonwalkers.

After NASA suffered severe budget cuts in 2010, Armstrong voiced his opposition, casting doubt on the ability of private ventures to successfully take to the stars. In a letter that didn’t receive nearly as much attention as it should have, Armstrong, along with James Lovell and Eugene Cernan — Apollo 13′s commander and the last man on the moon, respectively — suggested that the death of the government shuttle program and the rise of privatized space flight could spell an end to U.S. dominance in the wild black yonder.

“I support the encouragement of the newcomers toward their goal of lower-cost access to space,” Armstrong told Congress in 2010. “But having cut my teeth in rockets more than 50 years ago, I am not confident.”

Are Neil and his cohorts correct? Does an increasing reliance on commercial shuttles leave the United States “on a long downhill slide to mediocrity”?

Actually, increasing the role of private spaceflight ventures should only enhance America’s dominance in the sky… and like it or not, the NASA of the past is not the NASA of the future.

Staring at the past through rose-tinted visors

With all due respect to Armstrong, Powell and Cernan, relying on the government to propel humankind into space carries too much uncertainty. After America won the space race, enthusiasm seemed to fizzle out; Cernan’s final journey to the moon took place all the way back in 1972. That was a full 40 years ago. Four. Zero.

Exploring the final frontier simply isn’t a high priority for politicians in a time when economic uncertainty runs rampant and unemployment rates remain floating at high levels. That’s not to say that NASA should be neglected, but its budget ebbs and flows with the public whim. NASA’s funds have been (mostly) shrinking since the 1960s and currently stand at around 0.05 percent of the overall Federal budget. Taking inflation into account, the agency’s 2012 budget is only half of what it was in Apollo’s heyday.

curiosity rover mars explorerOr, to put dwindling government focus on space exploration another way: funding the Curiosity rover cost $2.5 billion. The 2012 Olympics cost $15 billion.

Despite its monetary pains, NASA still holds a vital leadership role, and opening the door to commercial ventures could actually thrust us into space much faster we could reach the stars through government-funded initiatives alone.

Commercial space experts chime in

While Armstrong and co. see the shutdown of the space shuttle program as a major blow against U.S. interests, others say that shifting basic logistics to private ventures frees up NASA to do what it does best.

Bob Richards is the co-founder of the International Space University and Moon Express, a company that hopes to win the Google Lunar X Prize and one day mine the moon for rare-earth resources.

“The commercial space industry stand on the shoulders of a giant called NASA,” Richards told me via email. “All of us in entrepreneurial space companies were and continue to be awed and inspired by NASA’s accomplishments on new frontiers, and its research at the boundaries of human knowledge. That’s where NASA excels.

“Moon Express is not only inspired, but enabled by NASA’s technology and its willingness to partner with the private sector in areas of mutual value and economic development. Transportation is the low-hanging fruit for NASA’s innovative partnerships with private industry; not meaning that it’s easy, (but) meaning that it makes the most sense because it’s a repetitive need better done by industry. As a first order rule, if it needs to be done once, that’s a government opportunity; if it needs to be done repetitively, that’s a business opportunity.”

Christopher Altman, the Chief Science Officer of Astronauts for Hire and an alumnus of Starlab, a deep future research institute, agrees. “National space programs are a more natural fit to spearhead long-term exploration, where profits aren’t yet realistic or viable for commercial endeavors,” he says. “A coherent national program can advance the frontier for companies to step in once the field is robust enough to support their development.”

The invisible hand in undiscovered land

The open market drives innovation in a way that the government can never hope to mimic. Untapped deep-space mineral riches and the willingness of NASA and large private companies to pay big dollars for private space ferries has led to an explosion of space-related ventures that are innovating at a rapid rate, hoping to be the hit the great big payoff in the sky. Elon Musk’s SpaceX may have a $1.6 billion Commercial Resupply Services contract with NASA, but that’s just the tip of the iceberg.

The competitiveness of the free market and the need for spaceflight companies to actually, you know, make money spurs private space ventures to succeed at building spaceships faster and cheaper than NASA ever has.

spacex dragon private spaceflightIf it weren’t for commercial spaceflight, everyday people like you and me would probably never reach the stars in our lifetime. Yet thanks to private ventures, you can already buy tickets on suborbital space flights, albeit for an (appropriately) astronomical amount. Elon Musk has already announced he plans to have men in space by 2015 and on Mars in the next 10 to 20 years.

Of course, when private ventures like SpaceX do end up landing a man on Mars, they’ll be following a trail already blazed by NASA. With companies stepping up to the plate and starting to handle the galactic busy work, the U.S. space agency is free to focus on cutting-edge endeavors — like landing a rover on Mars using a mixture of a massive parachute, powerful downward thrusters and a hell of a lot of precise timing.

Private Spaceflight and NASA: Leading humanity into the final frontier

Neil Armstrong’s concerns of national dominance are overblown. “Most of the commercial space companies are American, so the US will lead the next generation of exploration whether it’s spearheaded by government or by commercial initiatives,” Altman notes.

StratoLaunch Systems hails from Alabama; Planetary Resources and Blue Origin call Washington home; and both Moon Express and SpaceX are headquartered in California, along with a number of other Lunar X Prize competitors. The list goes on and on.

Why? It’s as Richards and Altman said: Even with a reduced budget, NASA’s role as a guiding light and influence in space exploration cannot be understated. People want to be where the role model is.

Armstrong may be a hero, but in this case, he was wrong. With U.S.-based private companies handling the busywork and working to make spaceflight more accessible than ever before while NASA focuses its efforts on the bigger picture, the nation’s future among the stars has never looked brighter.

I’ll let Moon Express’ Bob Richards have the last word.

“The role of entrepreneurs in space exploration and development will be vital to our sustainable development as a multi-planet species. I believe history will show, soon, that one generation of human beings witnessed the first human footprints on the Moon as well as the first human footprints on Mars, and in the transition from single world to multi-world species, the private sector played a crucial role.”


Source : digitaltrends[dot]com

Aug 27, 2012

Neil Armstrong to Have Private Funeral Friday

ht 1969 neil armstrong suit up jt 120825 wblog Neil Armstrong to Have Private Funeral Friday

Neil Armstrong suiting up for Apollo 11, July 16, 1969. NASA.

Neil Armstrong, remembered after his death Saturday as a quiet man, is to have a quiet funeral on Friday near his Cincinnati home, NASA confirmed today. The service is to be private, though Ohio Sen. Rob Portman, who called Armstrong “a good friend and adviser,” will be there for a eulogy. While there have been discussions of a national memorial service, nothing has been confirmed yet.

The White House issued a proclamation this afternoon that flags would fly at half-staff on Friday. The Armstrong Air & Space Museum in Armstrong’s birth place of Wapakoneta, Ohio, plans a tribute Wednesday night, and Purdue University in Indiana, where he studied engineering, announced a late-afternoon memorial today.  Streaming video can be found on the Purdue website.

So far everything is in keeping with his family’s description of him — “a reluctant American hero who always believed he was just doing his job.”

Armstrong — who commanded the world’s attention in 1969 when he became the first human being to walk on the moon — died Saturday of complications following heart surgery.  His family would not say where he died, though he had spent the last several decades in his native Ohio.

There were tributes from around the world — from President Obama and Mitt Romney, from fellow astronauts and celebrities — but his family asked people to dispense with words.

Honor his example of service, accomplishment and modesty,” they said in their statement announcing his death, “and the next time you walk outside on a clear night and see the moon smiling down at you, think of Neil Armstrong and give him a wink.”


Source : abcnews[dot]go[dot]com

Aug 25, 2012

Neil Armstrong, space pioneer, dead at 82

neil armstrong

Neil Armstrong, the first man to set foot on the moon, has passed away at 82.

Neil Armstrong, the first man to set foot on the moon on July 20, 1969 has passed away at the age of 82.

Armstrong’s death was announced in a statement released by NBC on behalf of Tom Stafford, a former astronaut who Armstrong’s wife called to inform of his passing on Saturday. The family said, “Next time you walk outside on clear night and see moon smiling down at you, think of Neil and give him a wink.”

While little information regarding the exact cause and location has been revealed, reports have indicated that Armstrong died as the result of complications from a cardiovascular procedure. The procedure in question was the heart-bypass surgery that Armstrong underwent due to blocked coronary arteries.

After setting foot on the moon with Edwin Aldrin, also known as Buzz, Neil Armstrong left another indelible mark in history when he famously quipped, “That’s one small step for man, one giant leap for mankind.”

Armstrong was a quiet man who kept to himself and shied away from the bright lights of the press and mainstream media, but he wasn’t a stranger to expressing his discontent with President Obama’s stance on canceling future manned moon missions. Armstrong testified in front of Congress in 2010 to lobby for the protection of the Constellation program, which would have sent a new ship called Orion and a crew to the moon by 2020.

Despite a focus on Mars, which has become the new media darling of NASA’s space program after the successful landing Curiosity, Armstrong argued that trips between Earth and the moon would be an ideal testing ground for refining the transmission delays between planets. It took over 14 minutes for information from mission control to reach Curiosity. Obama eventually cancelled the Constellation program on the basis of having already spent $9 billion and for being, “behind schedule, and lacking in innovation.”

While NASA’s focus has been shifted to a new planet altogether, Armstrong has left behind a legacy that has inspired future generations to set foot on other unknown planets with the hope that one day humans may colonize a planet other than Earth.


Source : digitaltrends[dot]com