Word: junks
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...Canadian experience with EFF reinforces the U.S. experience with TARP: government loses control of stimulus money once it falls into the hands of recipients. Obama needs to be realistic about what the "bad bank" can accomplish - namely relieving banks of some junk assets at considerable cost to the taxpayer. It won't jump-start consumer lending - at least not in the foreseeable future if the lesson of Prime Minister Stephen Harper's experience is anything...
...sector. The U.K. has set out a $3.4bn rescue package for its beleaguered car industry, even though it is mostly foreign-owned; Spain has stumped up $5.1 billion in public cash to bail-out car firms; and Germany has set aside $1.9 billion to pay owners to junk their old cars and buy something new. At the same time, the U.S. government has handed $17.4 billion to GM and Chrysler, a move that European carmakers say leaves them at a competitive disadvantage. (See pictures of the remains of Detroit...
...shuttle Columbia landed in 2003. Sunday morning, it looked like Texas was in the path of danger again, when police received numerous reports of a sonic boom, a visible fireball and debris descending in various spots around the state. That debris, people figured, had to be space junk reentering from Tuesday's collision between an American communications satellite and a spent Russian satellite...
...visible fireball - hence the phenomenon of the shooting star. On any other day, the Texas sightings would be dismissed as nothing more than that. Those rocks don't reach the ground because the atmosphere dispatches them neatly, and it should have no trouble digesting the satellite junk too. One way or the other, Texans - and anyone else on the ground - are probably safe. (See NASA's renderings of space...
...would have happened if there had been astronauts aboard either ship - but space officials can't afford not to think about it. There is currently no international treaty governing space debris, though the U.S., Russia, Japan, France and the European Space Agency have rules they follow to keep the junk to a minimum. Additionally, an international committee overseen by most of the world's space agencies consults on the issue. Still, it's a problem that isn't going away...