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China will next year attempt to land an exploratory craft on the moon for the first time, state media reported, in the latest project in the country’s ambitious space programme. China’s third lunar probe will blast off in the second half of 2013, the state Xinhua news agency reported late on Monday. Other reports said it would land and transmit back a survey of the moon’s surface. If successful, the landing would [...] by ZH From Dow Jones: “French banks are experiencing difficulties providing financing for aircraft purchases by airlines, a market that is largely dominated by dollar transactions, Louis Gallois, chief executive of European Aeronautic Defence & Space Co. (EAD.FR, EADSY), said Monday. “French banks clearly have problems financing aircraft purchases,” he said, speaking on the sidelines of an event to launch a new French think-tank to [...] Student loan defaults are rising fast, according to figures released this week by the U.S. Department of Education. While much of the press coverage focused on defaults by students attending for-profit schools, defaults at state colleges and universities went up, too. The bad job market is a big factor: Unemployment in 2010 was 10.1 percent for people between the age of 25 to 34, and those [...] By Chris Woodyard, USA TODAY CAPTION Tickets for talking on a cellphone while driving in California are about get a lot more expensive — and now bicyclists can be cited as well. The state Senate has sent a bill to Gov. Edmund Brown Jr. that raises the basic fine for a first automotive offense from $20 to $50, The Sacramento Bee reports. For subsequent offenses, the [...] by ZH According to the WSJ, New Jersey may be the first state to use the highly unconventional approach of using a commercial bank funded bridge loan as large as $2.25 billion to “plug a cash shortfall.” The loan raised by Chris Christie’s state, “would cover bills the state will need to pay as its new fiscal year begins July 1. Normally, states have some cash [...] Minnesota Gov. Mark Dayton is preparing for a state government shutdown. NEW YORK (CNNMoney) — Time is running out for Minnesota’s parks, highway rest stops and public universities, not to mention 36,000 state employees. If Gov. Mark Dayton and lawmakers don’t agree on a budget by June 30, the state government is expected to shut down. The state moved one step closer to this outcome on [...] |
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