Daily Archives: January 23, 2013

Galactic Views (72)


Large Magellanic Cloud
NASA – Nearly 200,000 light-years from Earth, the Large Magellanic Cloud, a satellite galaxy of the Milky Way, floats in space, in a long and slow dance around our galaxy. Vast clouds of gas within it slowly collapse to form new stars. In turn, these light up the gas clouds in a riot of colors, visible in this image from the NASA/ESA Hubble Space Telescope.

The Large Magellanic Cloud (LMC) is ablaze with star-forming regions. From the Tarantula Nebula, the brightest stellar nursery in our cosmic neighborhood, to LHA 120-N 11, part of which is featured in this Hubble image, the small and irregular galaxy is scattered with glowing nebulae, the most noticeable sign that new stars are being born. Image Credit: ESA/NASA/Hubble

What Ever Happened to the Big, Bad “Shadow Inventory” of Homes?

By Christopher Matthews – The reason the shadow inventory was thought to be bad news for the housing market was that when these homes finally did go up for sale, they would overwhelm the demand for housing, which had slowed in recent years due to the poor economy and sluggish population growth.

So what happened, and why has the dreaded shadow inventory not yet sunk the convalescent U.S. housing market? I asked Sam Khater, Deputy Chief Economist at CoreLogic, and he outlined three key reasons:

  • Investors Got in on the Game
  • Lenders Ramped Up Principal Forgiveness
  • Many Homeowners Remain Underwater

more> ttp://tinyurl.com/b86eq64

House GOP debt-ceiling bill gaining momentum ahead of floor vote

House Republican Whip Eric Cantor

House Republican Whip Eric Cantor
(Photo credit: republicanconference)

By Russell Berman and Bernie Becker – The short-term debt-ceiling hike was only offered by House Republicans four days ago, but has quickly been embraced by members of both political parties.

The turnaround highlights a shifting power structure in Washington, with a newly inaugurated President Obama promising a more active government and Republicans adjusting to a minority position against a popular president and larger Senate Democratic majority. more> http://tinyurl.com/b7rlosl

Pentagon Researches New Life For Dead Satellites

English: DARPA headquarters at 3701 N. Fairfax...

English: DARPA headquarters at 3701 N. Fairfax Drive in Arlington. (Photo credit: Wikipedia)

By Alicia Chang – It’s the latest pet project from the Pentagon‘s research wing known for its quirky and sometimes out-there ideas. The Defense Advanced Research Projects Agency is spending $180 million to test technologies that could make this possible.

DARPA thinks it can save money by repurposing in orbit.

“We’re attempting to essentially increase the return on investment … and try to find a way to really change the economics so that we can lower the cost” of military space missions, said DARPA program manager David Barnhart. more> http://tinyurl.com/atdb3tc

Europe finance tax to net tens of billions of euros: France

Reuters – France plans to implement a tax on financial transactions at the end of 2014 and believes the levy to be rolled out by 11 European countries will raise “tens of billions of euros” a year, its finance minister said.

The 27-member European Union gave the go-ahead on Tuesday to 11 countries pledging to impose a tax that was proposed 40 years ago by American economist James Tobin but never got off the ground internationally. more> http://tinyurl.com/ajb93tq