The US has learned nothing from NASA’s failures

For the second time in a week, NASA scrubbed the launch of the Space Launch System designed to return Americans to the moon. First conceived [Bloomberg]( Follow Us [Get the newsletter]( [NASA’s Artemis Rocket Is a Gigantic Waste of Money]( — Adam Minter For the second time in a week, NASA [scrubbed the launch]( of the Space Launch System designed to return Americans to the moon. First conceived in 2010, and initially scheduled to have its first test flight in 2017, the rocket is now scheduled to take off no earlier than late September, and possibly much later. NASA, for its part, is hoping Americans will overlook a decade of expensive failure and pray for the best. Photographer: Joe Raedle/Getty Images North America They shouldn’t. The SLS’s path to the launch pad should never have happened. Conceived as a means to maintain US aerospace employment, and based in part on older rocket designs and parts, the project has siphoned funds and energy. Read the [whole thing](. [On Climate Change, Republicans Need a Crash Course in Capitalism]( — Michael R. Bloomberg [A New Chinese EV Battery Giant Has Emerged]( — Anjani Trivedi [Trump Judge’s Bad Ruling Might Do Some Good]( — Jonathan Bernstein [It’s a Housing Slump, Not a Crisis]( — Jared Dillian [Ukraine’s Counteroffensive Shows Time Isn’t on Putin’s Side]( — Leonid Bershidsky [The Supply Chain to Beat Climate Change Is Already Being Built]( — David Fickling [Women and People of Color Can’t Afford to ‘Quiet Quit’]( — Kami Rieck [California Loves EVs But Will Be Stuck in Hybrid for Years]( — Liam Denning [Gary Gensler Wants to Regulate Crypto]( — Matt Levine More From Bloomberg Opinion Here’s what we’ve been talking about this week. - Bloomberg Opinion's [weekly roundup]( with Vonnie Quinn, featuring Clara Ferreira Marques on Putin’s propaganda agenda and Shuli Ren on Vietnam’s lessons for growth - [Queen Elizabeth II’s revolutionary monarchy]( with Bobby Ghosh, Adrian Wooldridge and Therese Raphael - [New UK prime minister: What’s next?]( with Bobby Ghosh, Marcus Ashworth, Adrian Wooldridge and Therese Raphael This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership. Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( [Ads Powered By Liveintent]( | [Ad Choices]( Bloomberg L.P. 731 Lexington, New York, NY, 10022