Liquid water lake discovered on Mars

Agencies
July 26, 2018

Tampa, Jul 26: A massive underground lake has been detected for the first time on Mars, raising the possibility that more water -- and maybe even life -- exists there, international astronomers said Wednesday.

Located under a layer of Martian ice, the lake is about 12 miles (20 kilometres) wide, said the report led by Italian researchers in the US journal Science.

It is the largest body of liquid water ever found on the Red Planet.

"Water is there. We have no more doubt," co-author Enrico Flamini, the Italian space agency's Mars Express mission manager, told a press conference.

Mars is now cold, barren and dry but used to be warm and wet. It was home to plenty of liquid water and lakes at least 3.6 billion years ago.

Scientists are eager to find signs of contemporary water because such discoveries are key to unlocking the mystery of whether life ever formed on Mars in its ancient past, or if it might persist today.

"This is a stunning result that suggests water on Mars is not a temporary trickle like previous discoveries but a persistent body of water that provides the conditions for life for extended periods of time," said Alan Duffy, an associate professor at Swinburne University in Australia, who was not involved in the study.

Being able to access water sources could also help humans survive on a future crewed mission to Earth's neighbouring planet.

This particular lake, however, would be neither swimmable nor drinkable and lies almost a mile deep (1.5 kilometres) beneath the icy surface in a harsh and frigid environment.

Whether microbial forms of life could lie within is a matter of debate.

Some experts are sceptical of the possibility since the lake is so cold and briny, and mixed with a heavy dose of dissolved Martian salts and minerals.

The temperature is likely below the freezing point of pure water but can remain liquid due to the presence of magnesium, calcium, and sodium.

"This is a discovery of extraordinary significance, and is bound to heighten speculation about the presence of living organisms on the Red Planet," said Fred Watson of the Australian Astronomical Observatory.

"Caution needs to be exercised, however, as the concentration of salts needed to keep the water liquid could be fatal for any microbial life similar to Earth's," added Watson, who was not involved in the research.

The discovery was made using a radar instrument on board the European Space Agency's Mars Express orbiter, which launched in 2003.

The tool is called the Mars Advanced Radar for Subsurface and Ionosphere Sounding (MARSIS) and was designed to find subsurface water by sending radar pulses that penetrate the surface and ice caps.

MARSIS "then measures how the radio waves propagate and reflect back to the spacecraft," said the study.

These reflections "provide scientists with information about what lies beneath the surface."

A team of researchers led by Roberto Orosei of the Istituto Nazionale di Astrofisica in Bologna, Italy, surveyed a region called Planum Australe, located in the southern ice cap of Mars, from May 2012 until December 2015.

A total of 29 sets of radar samplings showed a "very sharp change in its associated radar signal," allowing scientists to map the outlines of the lake.

"The radar profile of this area is similar to that of lakes of liquid water found beneath the Antarctic and Greenland ice sheets on Earth, suggesting that there is a subglacial lake at this location on Mars," said the report.

Researchers said they are not sure how far down it goes, but maybe around three feet (one meter) deep.

"This is the first body of water it has detected, so it is very exciting," David Stillman, a senior research scientist in the Department of Space Studies at Southwest Research Institute in Texas, told AFP in an email.

However, Stillman, who was not involved in the research, said another spacecraft, or other instruments, need to be able to confirm the discovery.

He noted that a higher-frequency radar instrument made by the Italian space agency, SHARAD, onboard the Mars Reconnaissance Orbiter launched in 2005, has been unable to detect subsurface water.

"It is strange that SHARAD cannot confirm this discovery. In fact, SHARAD cannot penetrate through the ice here and no one understands why it can't," Stillman said.

"This suggests that something strange is going on here. Thus, I'm sceptical about this discovery."

But researchers are excited about the potential for future finds because if liquid water could be found at Mars' south pole, it might be elsewhere too.

"There's nothing special about this location other than the MARSIS radar on the Mars Express spacecraft is most sensitive to that region meaning there are likely similar water deposits below the ground all across Mars," said Duffy.

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Agencies
June 16,2020

Paris, Jun 16: Increasing numbers of readers are paying for online news around the world even if the level of trust in the media, in general, remains very low, according to a report published Tuesday.

Around 20 percent of Americans questioned said they subscribed to an online news provider (up to four points over the previous year) and 42 percent of Norwegians (up eight points), along with 13 percent of the Dutch (up to three points), compared with 10 percent in France and Germany.

But between a third and a half of all news subscriptions go to just a few major media organisations, such as the New York Times, according to the annual Digital News Report by the Reuters Institute.

Some readers, however, are also beginning to take out more than one subscription, paying for a local or specialist title in addition to a national news source, the study's authors said.

But a large proportion of internet users say nothing could convince them to pay for online news, around 40 percent in the United States and 50 percent in Britain.

YouGov conducted the online surveys of 40 countries for the Reuters Institute in January, with 2,000 respondents in each.

Further surveys were carried out in six countries in April to analyse the initial effects of COVID-19.

The health crisis brought a revival of interest in television news -- with the audience rising five percent on average -- establishing itself as the main source of information along with online media.

Conversely, newspaper circulation was hard-hit by coronavirus lockdown measures.

The survey found trust in the news had fallen to its lowest level since the first report in 2012, with just 38 percent saying they trusted most news most of the time.

However, confidence in the news media varied considerably by country, ranging from 56 percent in Finland and Portugal to 23 percent in France and 21 percent in South Korea.

In Hong Kong, which has been hit by months of sometimes violent street protests against an extradition law, trust in the news fell 16 points to 30 percent over the year.

Chile, which has had regular demonstrations against inequality, saw trust in the media fall 15 percent while in Britain, where society has been polarised by issues such as Brexit, it was down 12 points.

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News Network
February 5,2020

Feb 5: Tesla is making Elon Musk a lot richer without paying him a dime.

A blistering stock rally has bolstered the value of CEO Musk's 19% stake in the electric car maker by $16 billion since the start of 2020, to $30 billion.

Tuesday's steep climb in the share price could sweeten Musk's payday under his record-breaking compensation package, which is built on stock options that rely on market value targets. Two milestones have now been achieved that could see Musk unlock options worth $1.8 billion.

The controversial chief executive, who is also the majority owner and CEO of rocket maker SpaceX, recently testified that he did not have a lot of cash as he successfully defended himself in a defamation lawsuit. He previously has taken loans using his Tesla shares as collateral.

Musk does not take a salary, choosing instead a risky options package that envisions the stock market value of Tesla rising to $650 billion over 10 years, a prospect that was derided by some investors when the deal was announced in 2018.

That target now looks less crazy. Shares of Tesla have rallied over 50% since the company posted its second consecutive quarterly profit last Wednesday, which was viewed as a major accomplishment for a company competing against established automotive heavyweights including General Motors Co  and BMW.

Tesla shares have climbed about 400% since early June, helped by the company's better-than-expected financial results and ramped-up production at its new car factory in Shanghai.

On Tuesday, Tesla surged as much as 24% before falling back in the final minutes of the trading session to end the day up 13.7%. That put its market capitalization at $160 billion, almost twice the combined value of Ford Motor and General Motors.

The shares had also rallied on Monday, partly fueled by Panasonic Corp's 6752.T saying its automotive battery venture with Tesla was profitable for the first time.

The options Musk was awarded in 2018 vest incrementally based on targets for Tesla's stock market value and its financial performance. The market capitalization would have to sustainably rise by $50 billion increments over the agreement's 10-year period, with the full package payout reached if the market cap reaches $650 billion, as well as the company's meeting revenue and profit targets.

Musk is on his way to seeing his first two tranches of options vest. He achieved operational targets on revenue and adjusted earnings last year.

The rise in Tesla's market capitalization last month to a target of $100 billion opened the way for Musk's first tranche of options to vest. With Tuesday's surging share price, the market capitalization blew past the second target of $150 billion, opening the way for the second tranche to vest. Tesla's market capitalization must stay at or above each target level for one- and six-month averages for each set of options to vest.

Tesla was valued at about $52 billion when shareholders approved the pay package in March 2018, a time when the company faced a cash crunch, production delays and increasing competition from rivals.

A full payoff for Musk would surpass anything previously granted to U.S. executives, according to Institutional Shareholder Services, a proxy advisor that recommended investors reject the pay package deal at the time.

Musk currently owns about 34 million Tesla shares, and his compensation package would let him buy another 20.3 million shares if all his options tranches vest.

When Tesla unveiled Musk’s package, it said he could in theory reap as much as $55.8 billion if no new shares were issued. However, Tesla has since awarded stock to employees and last year sold $2.7 billion in shares and convertible bonds, diluting the value of the stock.

Musk has transformed Tesla from a niche car maker with production problems into the global leader in electric vehicles, with U.S. and Chinese factories. So far it has stayed ahead of more established rivals including BMW and Volkswagen.

Many investors remain skeptical that Tesla can consistently deliver profit, cash flow and growth. More Wall Street analysts rate Tesla "sell" than "buy," and the company's stock is the most shorted on Wall Street.

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News Network
July 28,2020

Bengaluru, Jul 28: Congress leader Siddaramaiah on Monday alleged that BJP is trying to destabilise the Congress government in Rajasthan.

"It is the duty of the Governor to act according to the decision of the state cabinet. But he is acting like a central government puppet," he said at a protest organised here by Karnataka Pradesh Congress Committee (KPCC).

He said the Congress is protesting across the country to save democracy and save the constitution.

"We are not fighting through violence. We are protesting peacefully. The Constitution has given the right to protest in a democratic system," he said.

He accused the BJP of "being disrespectful" to the Constitution.

"Governments must walk within the framework of the Constitution. The Constitution gives everyone rights and duties. BJP destabilises elected governments and buys our legislators by horse-trading by spending crores of money. The same thing happened in Karnataka as well," he alleged.

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