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]
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.
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
north of 86th Street ?
Classy job.
I don’t see an issue here. nn-Chesley “Sully”u00a0Sullenberger-
Is Phil popping a zit?
East of 86th Street? You mean the East River? And isn’t that “river” really an estuary?
Gotta break a few eggs to make an omelette.nn-Lisa Marie Falcone’s Uterus
if you want to make an omelette, you gotta break some eggs.nn- tyler durden, light-squared investor.
Killing 794 people is the NKI. Actually, it ain’t nothin’.nn–Marlboro Man
Racist. Examine your motives.
Racist. Examine your motives.
stop
stop
You’re thinking of 96th Street.
Dickhole!
Dickhole!
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.
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.
That was a test.
That was a test.
How many fingers am I holding up?……True.
How many fingers am I holding up?……True.
I prefer great leaps forward, but I’m totally with you on the civilian casualties…nn-Mao
I was waiting for that…..surprised it took this long
I was waiting for that…..surprised it took this long
Why do you think we took a taxi?n-Dan Wuebben
Why do you think we took a taxi?n-Dan Wuebben
Are you from the ass-backwards city of Cleveland?nnnn-If you don’t get it look at a map.
Are you from the ass-backwards city of Cleveland?nnnn-If you don’t get it look at a map.
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
Light can’t go any faster than it’s own speed.
You mean north of 96th and east of Park Ave.
no wonder your fund is going belly-up, it’s 794 lives you number-dyslexic idiot!
Dnalevelc?
You haven’t adjusted for the fact that most of those deaths will be in private jets, median remaining income of more like $30mm…
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
I love this picture of me Bess.u00a0 Makes me look like John Lennon, and that totally turns on Lisa Marie.nn- PF
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
A single death is a tragedy; 794 deaths is a statistic
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