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...star, as well as its mass (6.6 times Earth's mass), based on the wobble in the wavelength of starlight caused by GJ 1214b's gravitational pull on its star. That analysis revealed the new planet's density: about one-third of Earth's. Because water has a much lower density than rock, astronomers figured that the "most plausible scenario is a planet made mostly of water, with a significant atmosphere," says Charbonneau. So despite its high temperature, GJ 1214b's high atmospheric pressure and relatively low density mean liquid water could exist there after...
...Senate’s ability to slow legislation is particularly embarrassing in light of the fact that it is nearly unique among modern democracies. Every other developed nation’s upper house of parliament lacks parity with its lower, popularly elected house. Britain’s House of Lords, for instance, has not been on par with the House of Commons at least since 1911, and, in France and Germany, the lower house has the formal ability to assert its supremacy over the upper house in cases of deadlock...
...morning meal has a historical precedent, too. In the late 1970s, the university, facing budget cuts and an oil crisis, stripped students of their dietary rights. But even then, it did so with a few basic provisions to ensur the health, safety, and satisfaction of its students. The administration lowered board costs to reflect the change, and still served hot breakfast during exam period so that students trudging Yardward to take exams under the threat of “incommunicado” imprisonment would at least have warm, wholesome sustenance in their bellies. We remain cold in our early...
...Nonetheless, the deal will be costly for Citi. In order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
...raising all the capital to pay back TARP won't improve Citi's balance sheet either. In fact, it will do the opposite. Bove estimates that TARP repayment will lower the company's Tier 1 capital ratio to just over 11%, from a recent 12.8%. What's more, with the elimination of the government guarantee of Citi's riskiest assets, which could expose the bank to as much as $250 billion in additional losses, the bank's Tier 1 ratio will sink further, to 10%, according to Hensler. (See 10 big recession surprises...