Hopes for new private initiatives in manned space flight are reaching new heights following SpaceX’s successful launch of its Dragon capsule into low Earth orbit. The launch of the Dragon on May 22 was the beginning of SpaceX’s first mission to the International Space Station (ISS), fulfilling a job for NASA that the space agency no longer has the capacity to conduct on its own: reach the space station it helped to build.
Germany's power grid is in trouble, and federal regulators are warning something must be done before the onset of winter's usual skyrocketing energy demands. They say the current grid is unable to support the forced transition from nuclear to government mandated "renewable" energies and must be expanded quickly to avoid blackouts.
Facebook co-founder Eduardo Saverin is expected to save hundreds of millions of dollars or more on his tax liabilities after becoming one of the more high-profile individuals to renounce U.S. citizenship in recent years. The Brazilian-born multi-billionaire now lives in Singapore, where the government does not impose capital-gains taxes or take a cut of income earned abroad.
With social-networking giant Facebook ready to launch an initial public offering (IPO) of its stock, analysts have estimated that the company could be worth as much as $100 billion. That means Saverin, who owns about four or five percent of the company, might be sitting on billions of dollars’ worth of assets — a figure that almost certainly would get the Internal Revenue Service (IRS) and the big-spending U.S. government frothing at the mouth.
The Green River Formation of Utah, Wyoming, and Colorado may hold more oil than the rest of the known reserves on the planet put together: an estimated three trillion barrels.