Daily Archives: May 2, 2011

Antennae Galaxies


SPACE WATCH
By Andrey Oreshko and Dietmar Hager – Some 60 million light-years away in the southerly constellation Corvus, two large galaxies collided. But the stars in the two galaxies, cataloged as NGC 4038 and NGC 4039, don’t collide in the course of the ponderous event, lasting hundreds of millions of years. Instead, their large clouds of molecular gas and dust do, triggering furious episodes of star formation near the center of the cosmic wreckage. Spanning about 500 thousand light-years, this stunning view also reveals new star clusters and matter flung far from the scene of the accident by gravitational tidal forces. Of course, the suggestive visual appearance of the extended arcing structures gives the galaxy pair its popular name – The Antennae.

Image Credit & Copyright: Acquisition and data reduction – Andrey Oreshko (Elena Remote Observatory),  Processing – Dietmar Hager (stargazer-observatory)

Debt ceiling fight is here


By Charles Riley – Congress is now staring down a series of deadlines to raise the country’s legal borrowing limit. First up: May 16, Treasury’s latest estimate as to when U.S. debt will hit the country’s $14.294 trillion ceiling.

That’s only two weeks away. If Congress doesn’t act, the Treasury would employ a range of extraordinary measures to prevent the United States from defaulting on its obligations. more> http://is.gd/rgq693

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Financial Martial Law in Michigan


By Susan Berfield – Four months in office, they (Rick Snyder, Michigan Governor and Andy Dillon, Treasurer) have overseen the passage of a law that’s as radical an experiment as any in the country. It dramatically speeds up the process by which financially troubled cities, towns, and school districts can be taken over by state-appointed emergency managers.

The law gives those managers—often former politicians or civil servants—broad and controversial powers, including the authority to void union contracts and remove elected officials. It has also given other outsiders, namely private consultants and restructuring experts, an opportunity to do to distressed places what they’ve done to distressed companies. “Ninety percent of the law is an early warning system,” says Representative Al Pscholka, who sponsored it. “The fundamental point is that if the municipality had made the hard choices there would be no need for an emergency manager.” more> http://is.gd/wRVZTe

Superman threatens to renounce U.S. citizenship


Superman comicsBy Alex Dobuzinskis – The Man of Steel, in the latest issue of Action Comics which hit newsstands on Wednesday, said he intends to renounce his U.S. citizenship in a speech before the United Nations.

“I’m tired of having my actions construed as instruments of U.S. policy,” Superman said in a short story in the issue, Action Comics No. 900 from the Time Warner Inc unit DC Comics. more> http://is.gd/3BFDDJ

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Some pointers for Bernanke’s next time


By Al Lewis – It’s hard to believe it took the Federal Reserve Bank until 2011 to come up with the idea of having its chairman do a press conference. Since your organization is so clearly behind the information-age curve, you might appreciate a few pointers for next time.

  • Stand at a podium. Do not hide behind a desk. You are the most powerful man in the world. Not a state motor vehicle department clerk.
  • If you must use a desk, don’t use that desk. It looked like a console piano. I first thought you were going to sing your own rendition of “Viva Las Vegas.”
  • Open with a joke. Here’s one you may already know: How many economists does it take to screw up an economy?
  • Try to anticipate which questions will make you nervous. Then try to appear equally nervous about softball questions. This way, nobody will notice sudden shifts in body language or speech patterns. You seemed especially nervous on the gas-price question:

more> http://is.gd/WdpDu9