Bank of Canada says high household debt levels, elevated home prices pose top risks for economy

Bank of Canada says high household debt levels, elevated home prices pose top risks for economy

The Bank of Canada warned that household vulnerabilities have worsened over the past year and could lead to stress in the financial system as borrowing costs soar and highly indebted borrowers struggle to service their debts. In its latest Financial System Review, the central bank said high levels of household indebtedness and elevated home prices … Read more

There’s a New Asteroid Deflection System in The Works, And It Could Be Up by 2025

There’s a New Asteroid Deflection System in The Works, And It Could Be Up by 2025

There’s an old joke that the dinosaurs are only extinct because they didn’t develop a space agency. The implication, of course, is that unlike our reptilian ancestors, we humans might be able to save ourselves from an impending asteroid strike on Earth, given our six-and-a-half decades of spaceflight experience. But the fact is that while … Read more

The Far Side of The Moon Is Significantly More Cratered. We May Finally Know Why

The Far Side of The Moon Is Significantly More Cratered.  We May Finally Know Why

No matter where you’re standing on Earth, you can only ever see one face of the Moon. Its other cheek is perennially turned away from our planet, and this far side is much more pockmarked with craters than the one facing us. The Moon’s near side is covered in lunar maria, vast plains of volcanic … Read more

How the US plans to starve Russia’s ‘war machine’

How the US plans to starve Russia’s ‘war machine’

The United States is ramping up sanctions against Russia to deprive Moscow’s “war machine” of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, US Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday. The United States and its allies have … Read more