Oct 14, 2017
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Amazon Shareholder Sues Over Project Kuiper Launch Contracts An Amazon shareholder, the Cleveland Bakers and Teamsters Pension Fund, has initiated legal action against the company’s founder, Jeff Bezos, and the Amazon board. The lawsuit alleges that the board failed to conduct a thorough assessment when awarding launch contracts for Amazon’s Project Kuiper satellite initiative to […]
Amazon Shareholder Sues Over Project Kuiper Launch Contracts An Amazon shareholder, the Cleveland Bakers and Teamsters Pension Fund, has initiated legal action against the company's founder, Jeff Bezos, and the Amazon board. The lawsuit alleges that the board failed to conduct a thorough assessment when awarding launch contracts for Amazon's Project Kuiper satellite initiative to Blue Origin, Jeff Bezos's space exploration company. Project Kuiper: Amazon's Ambitious Satellite Network Amazon Shareholder Sues Providing Broadband Internet to Remote Areas Project Kuiper is Amazon's ambitious plan to create a vast network of more than 3,000 satellites to deliver broadband internet connectivity to remote and underserved regions. Blue Origin's Involvement in Project Kuiper The Controversial Contract Award The lawsuit contends that the Amazon board granted contracts worth billions of dollars to Blue Origin without adequately considering SpaceX, a competing launch provider led by Elon Musk, despite SpaceX's strong track record in the industry. Amazon's Response to the Lawsuit Denial of Merit and Legal Process Ahead In response to the lawsuit, Amazon has firmly denied any wrongdoing, stating that the claims made in the legal action lack merit. The company is prepared to address these allegations through the appropriate legal channels. Significance of Project Kuiper Contracts Financial Impact and Historical Context The launch contracts in question represent one of Amazon's largest capital expenditures, second only to its $13.7 billion acquisition of Whole Foods in 2017. The company has already invested approximately $1.7 billion in the project, with a significant portion directed to Blue Origin. Project Kuiper's Progress and Future Plans Satellite Production and Regulatory Compliance Amazon has outlined its plans for Project Kuiper, including the commencement of mass satellite production later this year and beta testing with commercial customers scheduled for 2024. This timeline aligns with regulatory requirements set by the FCC, aiming to launch half of the Kuiper satellite network by 2026. Legal Action and Damages Sought The Pension Fund's Demands The Cleveland Bakers and Teamsters Pension Fund, in its lawsuit filed on August 28 in the Delaware Court of Chancery, seeks unspecified damages and legal fees related to the alleged mishandling of the Project Kuiper launch contracts. Possible FAQs: What is Project Kuiper, and why is it significant? Project Kuiper is Amazon's initiative to deploy a satellite network for delivering broadband internet to remote areas, addressing connectivity challenges. Why is an Amazon shareholder suing Jeff Bezos and the Amazon board? The lawsuit alleges that the board failed to properly evaluate contract awards for Project Kuiper, favoring Blue Origin over SpaceX. What is the financial impact of the launch contracts for Project Kuiper? These contracts constitute one of Amazon's most significant capital expenditures, with billions of dollars involved. What are Amazon's plans for Project Kuiper's future development? Amazon intends to start mass-producing satellites and conduct beta testing with commercial customers in 2024, aiming to meet regulatory requirements. What are the pension fund's demands in the lawsuit against Amazon? The Cleveland Bakers and Teamsters Pension Fund is seeking unspecified damages and legal fees related to the alleged mishandling of the Project Kuiper launch contracts.
St. Thomas Aquinas
St. Thomas Aquinas (1225-1274) was an Italian Dominican friar, philosopher, and theologian who made significant contributions to the fields of philosophy, theology, and natural law theory. He is regarded as one of the most influential Christian thinkers in history.
Early Life and Education: Thomas Aquinas was born into a noble family in Roccasecca, Italy, in 1225. At the age of five, he was sent to the Benedictine monastery of Monte Cassino to receive his education. Later, he enrolled at the University of Naples, where he studied the liberal arts, including grammar, logic, rhetoric, arithmetic, geometry, music, and astronomy. Despite initial opposition from his family, who wanted him to pursue a career in the Church, Thomas joined the Dominican Order in 1244.
Philosophy and Theology: Thomas Aquinas studied under Albertus Magnus, a prominent philosopher and theologian of his time. He combined the ideas of Aristotle with Christian theology, seeking to reconcile faith and reason. Aquinas believed that both faith and reason were valid paths to knowledge, and they complemented each other rather than contradicting one another.
One of Aquinas's most significant works is the "Summa Theologica," a comprehensive synthesis of Christian theology. It consists of several volumes and addresses a wide range of theological and philosophical topics, including the existence and nature of God, ethics, human nature, and the sacraments. The "Summa Theologica" remains one of the most influential works of Christian theology.
Natural Law Theory: Aquinas is also known for his development of the theory of natural law. According to Aquinas, natural law is an inherent moral order that is accessible to human reason. It is based on the belief that God's eternal law, which governs the universe, is imprinted on the nature of all things. By using reason, humans can discern this natural law and understand how to live morally and fulfill their purpose.
Aquinas's natural law theory suggests that there are certain fundamental principles of morality that are universally applicable to all human beings. These principles include preserving life, procreation, seeking knowledge and truth, living in society, and worshiping God. Aquinas argued that by following natural law, individuals can achieve their ultimate happiness and fulfillment.
Legacy: St. Thomas Aquinas had a profound and lasting impact on Western philosophy and theology. His works continue to be studied and debated by scholars, and his ideas have influenced countless thinkers throughout history. Aquinas's synthesis of Aristotelian philosophy and Christian theology helped shape the intellectual landscape of the Middle Ages and beyond.
Aquinas was declared a saint in 1323 and was given the title "Doctor of the Church" by Pope Pius V in 1567. He is honored as the patron saint of Catholic universities, colleges, and schools. St. Thomas Aquinas's intellectual contributions and his commitment to integrating faith and reason have left a lasting mark on the Christian intellectual tradition.
Jeff Bezos shares his best advice for anyone starting a business based on his experience founding Amazon 26 years ago: Jeff Bezos has a message for budding entrepreneurs: be ready to take big risks and fail. Bezos delivered the message at Amazon's Re:Mars conference in Las Vegas after he was asked what advice he would give to anyone looking to start their own business. via Pocket https://ift.tt/2UX19P7
Musk and Bezos collide after SpaceX wins moon landing contract
Blue Origin, a company backed by Bezos, accused NASA of "moving the bow posts" for contract bidders "at the last minute."
Blue Origin, the space rocket company backed by billionaire Jeff Bezos, is formally challenging the US $ 2.9 billion lunar landing contract awarded by NASA to rival SpaceX, Elon Musk.
The world's two richest men are facing off in a tight global space race, competing for contracts with government agencies and businesses.
Blue Origin said Monday that it filed a protest with the federal Government Accountability Office (GAO), accusing NASA of moving the arch posts for contract bidders at the last minute.
Musk responded with a tweet that said, " I can't put it (in orbit) hahaha ." He did not elaborate on the tweet, but he did post a screenshot of a 2019 report on Bezos that revealed Blue Origin's lunar lander.
Blue Origin has lagged far behind SpaceX and the United Launch Alliance (ULA) in orbital transportation, losing billions of dollars in US national security launch contracts starting in 2022. ULA is a joint venture of Boeing Co and Lockheed Martin Corp.
The company suffered another setback earlier in the month, when NASA awarded SpaceX the contract to build a spacecraft to take astronauts to the Moon in 2024, choosing Musk's company over Blue Origin and defense contractor Dynetics Inc. coveted project aims to return humans to the Moon for the first time since 1972.
" NASA has executed a flawed acquisition for the Human Landing System program and moved the arch posts at the last minute ," Blue Origin said in an emailed statement.
“ His decision eliminates competitive opportunities, significantly reduces the supply base, and not only delays but also jeopardizes America's return to the Moon. For this reason, we have lodged a protest with the GAO ”, he added.
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Elon Musk’s Fortune Falls Nearly $6 Billion After Tesla Crash Leaves Two Dead Tesla shares fell on Monday after a crash over the weekend involving one in every of its automobiles raised ... scrutiny over the corporate’s Autopilot characteristic. Yasin Ozturk/Anadolu Company by way of Getty Pictures Billionaire Elon Musk noticed his internet price fall on Monday, as shares of his electrical automobile firm dropped following stories tha... #Billionaire #elon_musk #jeff_bezos #musk_net_worth #Tesla #Tesla_autopilot #Tesla_crash #Tesla_stock
Elon Musk’s Fortune Jumps Over $5 Billion After Tesla’s Quarterly Vehicle Deliveries Top Expectations Tesla reported that it had delivered almost 185,000 autos within the first quarter of 2021, a brand new ... file for the high-flying electrical vehicle-maker. Maja Hitij/Getty Photographs Tesl TSLA a’s billionaire CEO and cofounder, Elon Musk, noticed his fortune bounce once more on Monday after his electrical automotive firm reported a file variety ... #elon_musk #fortune #Fortune_Jumps #jeff_bezos #Tesla #world
Top Buys Today As Tech Giants Like Alphabet And Amazon Move The Markets getty Reddit shares swung backwards and forwards on Wednesday however, for the primary time in over every week, that wasn’t the most important information of the day. We’re again to some regular market habits with a deal with sturdy earnings. Alphabet’s inventory popped over 8% after it reported 23% income development and booming cloud enterprise. Though Amazon AMZN... #avient_corp #dow_jones #eps #forbes #jeff_bezos #operating_income #quanex_building_products #roe #top_buy