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(ECONOMY) READ: NASA budget too slim to reach moon by 2020…

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moonSource: space.com

A White House panel charged with reviewing NASA’s exploration plans has dropped any hope of sending astronauts directly to Mars and found the space agency’s budget too slim to accomplish its goal of returning humans to the moon by 2020.

After more than six hours of public deliberation on Wednesday, the 10-member committee overseeing the Review for U.S. Human Space Flight Plans decided not to include a plan to send astronauts straight to Mars – called Mars Direct – on its list of options to be considered by President Barack Obama because of its daunting challenges and cost.

“We think Mars Direct is a mission that we’re really not prepared to take on technically or financially, and it would likely not succeed,” said the committee’s chairman Norman Augustine, a former Lockheed Martin CEO, late Wednesday after the televised meeting in Washington, D.C. “I really want to emphasize that we’re not giving up on Mars at all.” Read More

Written by dnnnewshound

August 15, 2009 at 9:01 pm

Posted in Money

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READ: Banks make $38bn from overdraft fees

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moneySource: Financial Times: (Editors Note: This really doesn’t fit into the “Underreported News” Section but I just thought It was interesting and would like to share it with everyone.)

By Saskia Scholtes and Francesco Guerrera in New York

Published: August 9 2009 22:52 | Last updated: August 9 2009 22:52

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US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. Read More

Written by dnnnewshound

August 10, 2009 at 2:19 am