Money Matters - Simplified


Large metallic space ball falls from sky

A hollow metallic ball with a circumference of 1.1 meters fell from the sky in the distant area of Namibia, leaving authorities puzzled about where it came from.

North Korea Initiates Fueling Rocket Confirm Reports

According to the reports from the Japanese media, North Korea has started filling liquid fuel in its rocket and it is expected to launch it in the second week of April.

Japan warns North Korea over rocket launch

The Korean peninsula is going up in fireworks literally, as the recent announcement by North Korea regarding the launching of their own satellite has lit controversies in the world political circles.

Earth had two moons until they clashed -- study

The Earth once had two moons that circled it in the same orbit until the smaller one smashed into the other, astronomers suggested Wednesday.

Amazon deforestation lowest in 22 years

Brasilia, Brazil -- Deforestation in the Brazilian Amazon region is at its lowest rate in 22 years due to better monitoring and police control, the country's government says.

Satellite monitoring indicated some 2,490 square miles of rainforest were cleared between August 2009 and July 2010, a drop of 14 percent from the previous 12 months, the BBC reported.

The figures were "fantastic," Environment Minister Izabella Teixeira said, adding she would be "proud" to present the results at the U.N. Climate Change Conference presently being held in Cancun, Mexico.

Brazil was well on course to its target of reducing deforestation to its annual target of 1,900 square miles by 2017, she said.

The new rate is far lower than the peak of 10,700 square miles in 2004.

US secret satellite ready to return to earth

The unmanned space craft of the U.S. Air force has completed its classified mission and will be returning to earth after a stay of more than seven months in Earth's orbit, the Air Force officials told in a brief statement released on 30th November.

US military launches world's largest satellite

The National Reconnaissance Office (NRO) released a press note saying that the Air Force has launched its spy satellite from Cape Canaveral station on Sunday at 5:58 p.m.

U.K. to launch 'demo' satellite

London -- Britain says it will launch a satellite to demonstrate the country's technical prowess and test new space technologies.

The TechDemoSat satellite, to be launched in 18 months time, will carry components and instruments developers hope will prove their worth and generate international business, the BBC reported Monday.

U.K. company Surrey Satellite Technology Ltd. will lead the project.

Hungary's toxic flood visible from space

Washington -- The extent of the toxic red sludge that has devastated Hungary, killing eight and injuring hundreds, is so great it is visible from space, scientists say.

An image from NASA's EO-1 Earth-observing satellite taken Saturday showed the miles and miles of the toxic flow, ABC News reported.

The aluminum plant -- site of the reservoir that burst and unleashed a cascade of toxic material said to be 1,000 times more caustic than the dust at ground zero in the Sept. 11, 2001, terror attacks -- is visible in the image as is a second reservoir of waste from the plant, ABC said.

The red sludge is a byproduct of the aluminum manufacturing process in which caustic soda is used to turn bauxite, aluminum ore, into the lightweight metal.