As you know, Harbinger Capital currently has a big bet going on a wireless company called LightSquared. Should it succeed, Phil Falcone will make billions and his investors will receive the triple digit returns they scored on subprime. Should it fail…we don’t even want to go there but someone will need to take in the family’s award-winning singing and dancing pig, who’s made it clear he “doesn’t do” 2-bedroom rentals North of 86th Street. So far, unfortunately, LightSquared, illiquid shares of which were recently awarded to redemption-seeking investors, has encountered a few bumps in the road (as one often does when one is doing groundbreaking, visionary-esque work). Most recently the company has been making the case that its satellite system will be huge for “coordinating enforcement and emergency response teams during natural disasters, like Hurricane Katrina.” On the flip side, according to a new study by the FAA, it might kill a few hundred people.

A Federal Aviation Administration study quietly released this month says the proposed venture — which could make or break Falcone’s rocky career — may cost 794 lives in aviation accidents over 10 years with disruptions to satellite-aided navigation.

But that’s just ballparking it and even if the number is accurate, every great step forward in the history of man comes with collateral damage.

Falcone 4G: Kill Or Cure [NYP]

46 comments (hidden for your protection)
Show all comments ↓

Comments (46)

  1. Posted by Guy with a sweet 1998 'lude | July 28, 2011 at 2:08 PM

    That’s it I’m not flying anywhere!u00a0 Me and the ‘lude hitting the pavement for roadtrips.nn-Guy who not only raced Ice-T, but won AND didn’t lose his tire.

  2. Posted by Piggly | July 28, 2011 at 2:26 PM

    Well, progress demands sacrifices. Moreover, at only 784 lives with a median remaining lifetime income of $500k, we’re looking at only a fraction of the many billions of dollars of value created for me. n~Phil F.u00a0

  3. Posted by just sayin' | July 28, 2011 at 2:38 PM

    north of 86th Street ?

  4. Posted by Wilbur | July 28, 2011 at 2:40 PM

    Classy job.

  5. Posted by Brian1284 | July 28, 2011 at 2:46 PM

    I don’t see an issue here. nn-Chesley “Sully”u00a0Sullenberger-

  6. Posted by Guest | July 28, 2011 at 2:46 PM

    Is Phil popping a zit?

  7. Posted by Blarghy Blargh Blargh | July 28, 2011 at 2:59 PM

    East of 86th Street? You mean the East River? And isn’t that “river” really an estuary?

  8. Posted by Beast Of Burden | July 28, 2011 at 3:00 PM

    Gotta break a few eggs to make an omelette.nn-Lisa Marie Falcone’s Uterus

  9. Posted by guest | July 28, 2011 at 3:07 PM

    if you want to make an omelette, you gotta break some eggs.nn- tyler durden, light-squared investor.

  10. Posted by Shawn | July 28, 2011 at 3:11 PM

    Killing 794 people is the NKI. Actually, it ain’t nothin’.nn–Marlboro Man

  11. Posted by InfiniteGuest | July 28, 2011 at 3:15 PM

    Racist. Examine your motives.

  12. Posted by InfiniteGuest | July 28, 2011 at 3:15 PM

    Racist. Examine your motives.

  13. Posted by Guest | July 28, 2011 at 3:25 PM

    stop

  14. Posted by Guest | July 28, 2011 at 3:25 PM

    stop

  15. Posted by Anonymous | July 28, 2011 at 3:27 PM

    You’re thinking of 96th Street.

  16. Posted by Gust | July 28, 2011 at 3:30 PM

    Dickhole!

  17. Posted by Gust | July 28, 2011 at 3:30 PM

    Dickhole!

  18. Posted by early hominid | July 28, 2011 at 3:33 PM

    We can take that pig off your hands.u00a0 And we’re not in Queens, so that whole “East of 86th St.” thing won’t be an issue. nnu00a0- Hormel Foods Corp., Community Outreach and Tasty Animal Research Div.

  19. Posted by early hominid | July 28, 2011 at 3:33 PM

    We can take that pig off your hands.u00a0 And we’re not in Queens, so that whole “East of 86th St.” thing won’t be an issue. nnu00a0- Hormel Foods Corp., Community Outreach and Tasty Animal Research Div.

  20. Posted by Anonymous | July 28, 2011 at 3:34 PM

    That was a test.

  21. Posted by Anonymous | July 28, 2011 at 3:34 PM

    That was a test.

  22. Posted by Bacon | July 28, 2011 at 3:50 PM

    How many fingers am I holding up?……True.

  23. Posted by Bacon | July 28, 2011 at 3:50 PM

    How many fingers am I holding up?……True.

  24. Posted by Guest | July 28, 2011 at 4:05 PM

    I prefer great leaps forward, but I’m totally with you on the civilian casualties…nn-Mao

  25. Posted by Guy with a sweet 1998 'lude | July 28, 2011 at 4:10 PM

    I was waiting for that…..surprised it took this long

  26. Posted by Guy with a sweet 1998 'lude | July 28, 2011 at 4:10 PM

    I was waiting for that…..surprised it took this long

  27. Posted by NY2LA | July 28, 2011 at 4:12 PM

    Why do you think we took a taxi?n-Dan Wuebben

  28. Posted by NY2LA | July 28, 2011 at 4:12 PM

    Why do you think we took a taxi?n-Dan Wuebben

  29. Posted by BoneThugs'NBordem | July 28, 2011 at 4:16 PM

    Are you from the ass-backwards city of Cleveland?nnnn-If you don’t get it look at a map.

  30. Posted by BoneThugs'NBordem | July 28, 2011 at 4:16 PM

    Are you from the ass-backwards city of Cleveland?nnnn-If you don’t get it look at a map.

  31. Posted by GuestNOW | July 28, 2011 at 4:23 PM

    Based on the study, this idea is a decade ahead of its time.u00a0 Kudos to Phil for his forward thinking. nn-Former Lehman Quant

  32. Posted by Einstein's Dumbass Cousin | July 28, 2011 at 5:14 PM

    Light can’t go any faster than it’s own speed.

  33. Posted by Guest | July 28, 2011 at 5:50 PM

    You mean north of 96th and east of Park Ave.

  34. Posted by Arthur Anderson | July 28, 2011 at 5:59 PM

    no wonder your fund is going belly-up, it’s 794 lives you number-dyslexic idiot!

  35. Posted by Wahoo | July 28, 2011 at 6:39 PM

    Dnalevelc?

  36. Posted by look out below | July 28, 2011 at 7:32 PM

    You haven’t adjusted for the fact that most of those deaths will be in private jets, median remaining income of more like $30mm…

  37. Posted by Guest | July 28, 2011 at 8:31 PM

    Been tired of the ‘lude meme for a long time, but many of the (non-’lude focused) comments you write are good, so I never quite got pissed off enough to tell you to stfu.u00a0nn-DB Commentariat Apologist explaining why it took so long

  38. Posted by Guest | July 28, 2011 at 9:01 PM

    I love this picture of me Bess.u00a0 Makes me look like John Lennon, and that totally turns on Lisa Marie.nn- PF

  39. Posted by Guest | July 28, 2011 at 10:05 PM

    Word on Engineering Row is that he bought a frequency spectrum that can never be used with the attenuation system he wants to deploy without causing interference to surrounding, establishedu00a0spectrums. like police radio waves and GPS. The belief is this science project will have a tough time succeeding. Maybe he can salvage this ham radio hobby by approaching The Discovery Channelu00a0and getting them to cover this riddle of the Sphinx in a “strike-it-rich” reality show a la “Gold Rush Alaska”nn

  40. Posted by Uncle Joe | July 28, 2011 at 10:50 PM

    A single death is a tragedy; 794 deaths is a statistic

  41. Posted by Bristol Airport Hotels | April 18, 2012 at 11:05 PM

    bXEkkP Im grateful for the blog post. Want more.

  42. Posted by Elisabeth Timberman | September 5, 2012 at 6:50 AM

    Oh, superb put up! I have no clue how you wrote this text..it’d get me weeks. Well worth it though, I’d suspect. Have you considered selling ads on your blog?

  43. Posted by bookmarking submission | September 20, 2012 at 6:54 PM

    b8H9ia Great, thanks for sharing this blog post.Really thank you! Cool.

  44. Posted by cheap seo services | September 24, 2012 at 10:46 PM

    9MEUue A big thank you for your blog.Thanks Again. Much obliged.

  45. Posted by 1001bonnesaffaires.com | October 15, 2012 at 4:05 AM

    FOLLOW G STREET CHRONICLES, THE LEADER IN URBAN PUBLISHING! http://WWW.GSTREETCHRONICLES.COM

  46. Posted by best pepper spray for self defense | October 16, 2012 at 3:55 AM

    A big thank you for your article post.Really looking forward to read more.