The Model Rockets That Need FAA Clearance to Launch

Dec. 12 (Bloomberg) -- Dirk Gates, CEO of Xirrus, a Wi-Fi technology company, builds model rockets that cost tens of thousands of dollars, take months to build, and need special FAA clearance before they can be launched. In the fourth installment of "Off the Clock," Bloomberg caught up with Gates in the middle of the California desert, at an event called "Roc-tober" where he explained the connection he sees between firing off rockets and being an entrepreneur. (Source: Bloomberg)
Leaders Seek Migrant Solution Before Time Runs Out
41:31 - Countries are arguing over how to cope with the scale of the worst humanitarian crisis since World War II. German Chancellor Angela Merkel said all European Union countries have a duty to offer shelter to refugees arriving on their soil, rebuffing Hungarian Prime Minister Viktor Orban who called the region’s biggest flood of refugees since World War II a “German” problem. Meanwhile, British Prime Minister David Cameron yielded to pressure over the crisis and said Britain will take in "thousands more" refugees from Syria.
  • Is OPEC’s Strategy Failing?
  • ECB Concerns Guiding Monetary Policy
  • Markets Are Too Pessimistic About Chinese Growth: Roubini