Money Matters - Simplified


Golden shower sprinkled on Earth by dead star collision ?

Ever wondered what that goldenish glow in space is? Researchers on Wednesday said that smacking collisions years ago, between dead stars may be forging all the gold we have on Earth.

Cosmic blast in distant galaxy leaves NASA baffled

A rare cosmic sight burst at the center of a distant galaxy has befuddled scientists at NASA.

Massey replaces its top executive

Pittsburgh -- A coal mining company plagued with safety issues, including a deadly explosion in April in West Virginia, said it was replacing its top executive by Dec. 31.

Massey Energy Co. Chairman and Chief Executive Officer Don Blankenship, who has been with the company for 30 years, would be placed by President Baxter Phillips Jr., who will take the CEO post, the Pittsburgh Post-Gazette reported Saturday.

In April, 29 miners were killed in an explosion at the Upper Big Branch mine in West Virginia. The company is also facing safety issues at a mine in Kentucky, where officials have sought a court order to close operations due to safety violations.

In a statement, Blankenship said, "After almost three decades at Massey, it is time for me to move on."

Motorola Droid 2 allegedly explodes in man's ear

A Northern Texas man, Aron Embry, recently created buzz when he claimed that his newly bought Motorola Droid 2 exploded in his ear while he was in mid-conversation, thus leaving him injured.

COL FB: Oregon 48, Arizona 29

Eugene, Ore. -- An 85-yard touchdown run by Josh Huff early in the third quarter touched off a second-half explosion Friday that carried No. 1 Oregon past No. 20 Arizona 48-29.

The Ducks struggled in the first two periods and found themselves trailing 19-14 at halftime on a chilled, damp evening.

Huff, however, warmed things up for the unbeaten Ducks with his long run that put Oregon in front for good and sent them on their way to at least a share of the Pac-10 title.

Darron Thomas then added his third touchdown pass of the game along with a scoring run and LaMichael James ran for two more scores to move the Ducks one victory closer to a berth in the national championship game.

BRP recalls 1,000 snowmobiles

Washington -- A U.S. consumer watchdog agency said BRP of Sturtevant, Wis., has recalled 1,000 snowmobiles due to sparks in the gas tank that could trigger an explosion.

The Consumer Product Safety Commission said electrostatic charges can build up in the fuel tanks when the engine is left idling on BRP Ski-Doo Expedition and Skandic Snowmobiles.

The recall involves 2005 Expedition TUV 600 H.O. SDI, 2007 Skandic SWT V-800, 2008 Skandic SUV 600 HO SDI, and 2008-2010 Skandic SWT V-800 snowmobiles.

The snowmobiles were imported from Finland and sold nationwide from March 2004 through March 2010 for about $9,500.

Consumers were advised to stop using the snowmobiles and contact BRP US Inc. to schedule a free repair.

Kit-built plane lands despite explosion

Denver -- Authorities said a pilot was able to land a kit-built aircraft in Colorado despite the small plane's engine exploding and ripping off its wing.

The Federal Aviation Administration said the pilot, identified as a 54-year-old man from Wellington, Colo., was able to guide the 4-year-old jet-powered Berkut to a field near Loveland and landed without injury at 10 a.m. Sunday, The Denver Post reported Monday.

FAA spokesman Mike Fergus said the turbo-shaft engine of the aircraft, which was deemed airworthy by FAA officials in 2006, exploded in mid-flight and the wings separated from the plane.

The FAA said more than 30,000 "amateur-built" planes have been registered in the United States.

One killed in Pakistan explosion

Islamabad, June 22: An explosion took place in northwest Pakistan's restive Swat district Monday, killing one policeman, a media report said.

It was a suicide attack targeting a checkpost in Batgram area of Swat district in the North West Frontier Province, Geo TV reported.


Man survives explosion, fall from tower

Duluth, Ga. -- A possibly inebriated Georgia man dangled upside down 35 feet off the ground from a high-voltage tower, saved only by his pants leg until rescued, police say.

The man's harrowing escapade occurred Saturday before dawn when he climbed the tower, sparking what neighbors described as an explosion and flash fire, The Atlanta Journal-Constitution reported Sunday.

"Please, I'm begging you for my life," the man could be heard yelling on video aired by the Fox News affiliate in Atlanta.

The unidentified 21-year-old Duluth man was 35 feet up in the air when his pants snagged and left him dangling, conscious, for about 2 1/2 hours while Georgia Power officials shut off the electricity and firefighters rigged ropes and a harness to lower him to the ground.