close Video NASA Mars Perseverance rover provided valuable data: Former astronaut Mechanical engineering professor Mike Massimino discusses the complex mission to the Red Planet on 'Your World' Amateur puzzle fans delighted this week when NASA revealed it had hidden a secret color-coded message on the parachute for the Perseverance rover that landed on Mars last week. The message, written by systems engineer Ian Clark in binary code through alternating white and orange strips on the 70-foot chute, spelled out the NASA motto "Dare Mighty Things," which comes from a Theodore Roosevelt quote. Clark, the lead developer of the parachute, had an interesting problem in encoding the message – he couldn’t use any colors that had not already been tested for Mars' atmosphere. Different color dyes might weaken its integrity inside its harsh environment. "There’s all kinds of second-guessing questions," Clark said, according to The New York Times. … [Read more...] about NASA leaves hidden message on parachute of Mars rover
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Retail loans to remain most affected due to pandemic: Moody’s
Moody's Investors Service on Thursday said loans to retail customers, especially those to low-income borrowers, will remain most affected due to the shock caused by the coronavirus pandemic. Illustration: Uttam Ghosh/ Rediff.com Despite the pandemic challenges, asset quality at Indian banks has performed better than expected at the start of the outbreak, Moody's said. "Corporate loans, in particular, have performed well because banks prior to the pandemic had largely provisioned for legacy problem loans and tightened underwriting standards," Moody's vice president and senior credit officer Srikanth Vadlamani said. Addressing an online conference organised by Moody's and its affiliate Icra, Vadlamani said an increase in non-performing loans in both public and private sector banks is subdued. "We are past the worst, we are past the trough as far as corporate asset quality is concerned." Although small and medium enterprise (SME) borrowers have been … [Read more...] about Retail loans to remain most affected due to pandemic: Moody’s
Commentary: The big expectations for Malaysia’s 2020 budget
KUALA LUMPUR: When campaigning for the May 2018 general election, Malaysia’s Pakatan Harapan (PH) promised to reduce people's burden and implement institutional reforms. In keeping the pledges shortly after coming into power, Finance Minister Lim Guan Eng announced that the hugely unpopular Goods and Services Tax (GST) would be zero-rated from the initial 6 per cent between June and August, before the Sales and Service Tax (SST) was reintroduced in September that year. Private consumption rose faster in the subsequent two quarters as a result of the tax holiday and purchases of big-ticket items such as passenger vehicles have soared, as consumers leapt at the opportunity to avoid paying consumption levy. In his maiden budget speech last year, Mr Lim shared that the administration was committed a path of fiscal consolidation in order to reduce the budget deficit from 3.7 per cent in 2018 to 2.8 per cent in 2021. Subsequently, public investment has been drastically reined … [Read more...] about Commentary: The big expectations for Malaysia’s 2020 budget