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Wednesday, March 28, 2012

Feeling less special?

New 'life in space' hope after billions of 'habitable planets' found in Milky Way

Billions of potentially habitable planets may exist within our galaxy, the Milky Way, raising new prospects that life could exist near Earth, a study has found.

New 'life in space' hope after billions of 'habitable planets' found in Milky Way
Hundreds of thousands of stars crowded into the swirling core of our spiral Milky Way galaxy Photo: NASA
Researchers discovered that at least 100 of the ''super-Earths'' may be on our galactic doorstep, at distances of less than 30 light years, or about 180 trillion miles, from the sun.
Astronomers say the findings were made after conducting a survey of red dwarf stars, which account for about four in five stars in the Milky Way.
They calculate that around 40 per cent of red dwarfs have a rocky planet not much bigger than Earth orbiting the ''habitable zone'', in which liquid surface water can exist.
Scientists say that where there is water, there also could be life although they add that being in the habitable zone is no guarantee that life has evolved on a planet.
Dr Xavier Bonfils, from Grenoble University in France, who led the international team, said: ''Because red dwarfs are so common - there are about 160 billion of them in the Milky Way - this leads us to the astonishing result that there are tens of billions of these planets in our galaxy alone.''
In their study, the team of astronomers surveyed a carefully chosen sample of 102 red dwarfs using the European Southern Observatory's 3.6-metre telescope at La Silla, Chile.
A total of nine super-Earths - planets with masses between one and 10 times that of Earth - were found. Two were located within the habitable zones of the stars Gliese 581 and Gliese 667 C.
These data were combined with other observations, including those of stars which did not have planets.
The astronomers, whose research was reported in the journal Astronomy & Astrophysics, worked out that habitable zone super-Earths orbiting red dwarfs occurred with a frequency of around 41 per cent.
Meanwhile massive planets similar to Jupiter and Saturn were rare around red dwarfs. Less than 12 per cent of the stars were expected to have such ''gas giants''.
Because red dwarfs are common near the sun, many ''super-Earths'' may not be far away in astronomical terms. The scientists estimate there could be around 100 habitable zone planets within 30 light years.
Red dwarfs are cooler than the sun, which means planets must orbit close to their parent stars to be warm enough to be habitable. Scientists said this might not be good news for life.
Dr Stephane Udry, from Geneva Observatory, who is also a member of the international team, added: "The habitable zone around a red dwarf, where the temperature is suitable for liquid water to exist on the surface, is much closer to the star than the Earth is to the sun.
''But red dwarfs are known to be subject to stellar eruptions or flares, which may bathe the planet in X-rays or ultraviolet radiation, and which may make life there less likely.''
Nasa says that one light year is the equivilent of nearly six trillion miles.F

56 comments:

  1. With that many planets, surely then there is one that can be assigned to bob and one that can be assigned to rufus.

    ReplyDelete
  2. Surely moslems will claim them all

    ReplyDelete
  3. .

    With that many planets, surely then there is one that can be assigned to bob and one that can be assigned to rufus.


    Send $150.00* to

    "Own a Planet"
    Soul's-R-Us Marketing
    PO Box 909666
    Pinto Bean, NH USA


    You will receive a Souls-R-Us star map indicating the location of your planet. This document will then become a permanant part of the Souls-R-Us Star Book a copy of which will be officially enshrined in the Library of Congress.

    Your inquiry spoke of two planets. For a limited time only we can offer you two planets of your choice for the total price of $279.00*, a 10% discount. A special note for you two gentlemen: Mars and Venus are already taken.

    * Transportation not included.


    .

    ReplyDelete
  4. Nice to know they're out there, but we ain't going there anytime soon.

    ReplyDelete
  5. Dear Souls,

    I offer $1,000.00 US for 10 (ten) planets all within 20 light years, and all free flowing water certified, all 90 -110% earth gravity.

    bobbo

    ReplyDelete
  6. I thought this was funny so I am sharing it with my EB friends. Forgive if you have seen it before.

    Dumbo Care

    Let me get this straight . . .

    We're going to be "gifted" with a health care plan we are forced to purchase and fined if we don't,

    Which purportedly covers at least
    ten million more people, without adding a single new doctor,

    but provides for 16,000 new IRS agents,

    written by a committee whose chairman says he doesn't understand it,

    passed by a Congress that didn't read it but exempted themselves from it,

    and signed by a Dumbo President who smokes,

    with funding administered by a treasury chief who didn't pay his taxes,

    for which we'll be taxed for four years before any benefits take effect,

    by a government which has
    already bankrupted Social Security and Medicare,

    all to be overseen by a surgeon general who is obese,

    and financed by a country that's broke!!!!!

    'What the hell could possibly go wrong?'

    ReplyDelete
  7. Dear Souls,

    Addendum to:


    bob said...

    Dear Souls,

    I offer $1,000.00 US for 10 (ten) planets all within 20 light years, and all free flowing water certified, all 90 -110% earth gravity.

    bobbo

    Wed Mar 28, 10:07:00 AM EDT

    No planet shall have any life form with a cranial capacity greater than 750cc; and all planets shall have surface water of between 40 -75%; all planets shall have an atmosphere capable of supporting current earth life forms.

    You understand, at my age, I wish to avoid terraforming.

    bobbo

    ReplyDelete
  8. I may have to consider voting democratic -

    PSGute [Moderator] 17 minutes ago in reply to Dom

    Every vote for a Senate candidate with (D) after their name, no matter which state you are in, is a vote to continue the reign of Harry Reid as Senate Majority leader.

    If you really think that Cowboy Poetry is more important than a Federal Budget, vote (D).

    The rest of us will not...





    Consider, we haven't had a budget in three years, isn't it, and we are still here. How important can it be?

    But life without poetry, and cowboys, is death.

    ReplyDelete
  9. .

    bob said...
    Dear Souls,

    I offer $1,000.00 US for 10 (ten) planets...et al...



    Dear Sir:

    No Problem.

    Please send certified check to PO Box noted above.


    Souls-R-Us Management.

    .

    ReplyDelete
  10. .

    Dear Souls,

    Addendum to:


    bob said...

    Dear Souls,

    I offer $1,000.00 US for 10 (ten) planets all within 20 light years, and all free flowing water certified, all 90 -110% earth gravity.

    bobbo

    Wed Mar 28, 10:07:00 AM EDT

    No planet shall have any life form with a cranial...





    Dear Sir:

    No Problem.

    Please send certified check to PO Box noted above.


    Souls-R-Us
    Management



    .

    ReplyDelete
  11. Illinois in tough race with Massachusetts and California to send the worse pols to Congress

    Rep. Bobby Rush, D-Ill., lost his right to speak on the House floor after he violated rules by putting on a hoodie and sunglasses in honor of Trayvon Martin, the Florida teen shot last month.

    ReplyDelete
  12. Obama needs to step and and get his field negroes under control.

    ReplyDelete
  13. At one time, adding flex-fuel capability to a car increased its production cost by about $100. That is no longer true. Currently, all new gasoline-powered cars sold in the U.S. are flex-fuel cars, but only about 5 percent are being sold as such. The rest are being marketed with their flex-fuel capability disabled by their manufacturers.






    Advertisement




    This is a very curious situation. One may well ask, why should an automaker choose to disable a useful feature that it has built into its cars? It seems to make no sense for any company to take measures to degrade its own product. Furthermore, given the fact that the auto industry has a fundamental interest in low fuel prices — consumers have only so much they can spend on transportation, and it either goes for cars or for gas — why should it choose to cripple a capability that otherwise could serve to erode prices at the pump? It seems like a very bizarre policy — until you look at who owns and controls the auto companies.

    The problem is that the automobile companies are not independent entities capable of pursuing their own interests. Rather, they are owned and controlled by organizations that are much more heavily invested in oil.


    Owned by OPEC and EXXON

    We're the biggest suckers in the History of the Universe

    ReplyDelete
  14. I hope everyone is getting in to the act and wearing a Hoodie today.

    This is bringing all the trolls and idiots out of the woodwork.

    Spike Lee, as an example. What an idiotic, hate filled, bigot.

    ReplyDelete
  15. it's 84 degrees here, today. I'm passing on the hoodie.

    ReplyDelete
  16. .

    Owned by OPEC and EXXON


    I took a look at the chart breakdown of this guy's theory. The first one I went to was Ford, took a look at it and smiled.

    IMO, pure conspiracy theory. Looks like something Glenn Beck would have charted.

    .

    ReplyDelete
  17. Really?

    Wholesale ethanol is selling for $2.21 gallon, today.

    Just a 35% Discount to wholesale unleaded.

    ReplyDelete
  18. When GM went bankrupt, the president appointed Wall Street insider Steven Rattner as his auto czar, charged with reorganizing America’s leading automaker. However, instead of forcing GM to implement flex-fuel capability across the board, Rattner fired GM CEO Rick Wagoner, who was making tentative moves in that direction, and replaced him with Ed Whitacre, a director of Exxon. Subsequently, Rattner moved Whitacre up to be GM’s chairman of the board, giving the CEO position to Dan Akerson, a managing director of the Carlyle Group, a Saudi-funded business partnership. Under this new “friends of OPEC” management, Wagoner’s earlier commitment to have half of all GM cars be flex fuel by 2012 was, not surprisingly, shelved.


    From the article

    ReplyDelete
  19. Sounds like a vast, right wing conspiracy.

    ReplyDelete
  20. This comment has been removed by the author.

    ReplyDelete
  21. And if true, our current left wing President allowed it to happen.

    ReplyDelete
  22. .

    Somehow, I put up the wrong link, This is the Right One


    My original comment still applies.

    I have no problem with his assertion that the government should be doing more to push the auto companies to expedite their offerings of flex-fuel vehicles especially where they hold a stake in companies such as GM.

    That's his opinion, one shared by many, though given the performance so far of the Volt, I question whether the government has the expertise required. But that's another question.

    Where I have problems with his column is that he starts out explaining a conspiracy where he says the auto companies are disabling their own vehicles because they are 'controlled' by big oil.

    One, perhaps their is proof that the auto industry are 'disabling' their vehicles; but we sure as heck don't get that proof from this guy. We don't even get an explanation of how they are 'disabling' the cars.

    Two, he states rather categorically that car company policy is determined by big oil (rather than things like, oh I don't know, maybe EPA rulings doubling fuel economy requirements, or the price of oil, or customer demand). However, the info he provides while interesting is hardly fully convincing.

    Example: Ford

    He states Ford policy is controlled by big oil because

    1. Ford received $23 billion in loans from Wall Street including some from Citicorp in which Prince bin Talal (Saudi Arabia) owns $9 billion in stock.

    2. John Lawson Thorton is a director on the boards of both Ford and Newscorp. Prince bin Talal (Saudi Arabia) owns 5.7% of Newscorp.

    3. Ford received $450 million from Kuwait for the Aston martin sale.

    Scary convincing except

    1. The "loans" granted Ford were part of its restructuring that took place when Mullaly came in. Most have called it a genius move given what happened subsequently. Establishing a quid pro quo associated with the loans requires something more than this guy saying it was so.

    He specifically points out Citicorp as the villain here, yet the 2006 loans were managed by not only Citi but also JPM and GS, and since they were chosen to 'arrange' the loan agreements its unlikely all the money came from them. Then when you consider Talal has about 10% of Citi, its hard to see how much influence he can apply especially when the Ford family voting as a block controls 40% of the Ford voting stock. What they say goes.

    2. Thorton is a Director on Ford and on Newscorp and bin Talal owns 5.7% of Newscorp? So what? Ford has 21 directors on its Board. Nine of them work for Ford. The balance work for companies ranging from Healthcare to Defense to Pharma. How many of the 21 do you think sit on Boards of other companies. As I said the connections appear to be something Glenn Beck would put up on his black board to explain how the US is being taken over by commies and the CFR.

    3. Ford sold Astin martin to David Richards, an auto racing entrepreneur and also the founder of Prodrive Ltd. The latter also runs the Aston Martin racing program. Richards was supported by investment by Kuwait's Investment Dar Co.

    Ford sold the friggin company, just like they did Volvo and Jaguar. What's this got to do with 'Big Oil"?

    In my opinion, the guy's theory is tenuous, real tenuous.

    .

    ReplyDelete
  23. The big 3 are controlled by the UAW, not sure about the rest.

    Plenty of people are driving Japanese, Korean, and German cars, which I doubt are controlled by US oil companies.

    ReplyDelete
  24. Let's review the bidding.

    The X-Prize for most fuel efficient, 4 Seater, "Manufaturable" Car went to an E85-powered car.

    The most powerful race engines in the world - per cu in displacement, the Indycar Engines run on E-85.

    Approx 1 in 7 stations in the Northern Corn Belt sell E85.

    Not a single production car in the world is optimized for E85.

    ReplyDelete
  25. .

    Let's review the bidding.

    The X-Prize for most fuel efficient, 4 Seater, "Manufaturable" Car went to an E85-powered car.

    The most powerful race engines in the world - per cu in displacement, the Indycar Engines run on E-85.

    Approx 1 in 7 stations in the Northern Corn Belt sell E85.

    Not a single production car in the world is optimized for E85.




    And from that, you assume this guy's story that the world auto industry is controlled by big oil is true?

    Lordy.

    .

    ReplyDelete
  26. For instance, probably 1/6 of the stations in this state carry E85, and price spreads are As High as 26%.

    ReplyDelete
  27. Well, I am sure that, to borrow one of your pet phrases, Q: "We're taking it in the ass for some reason."

    ReplyDelete
  28. .

    Well, I am sure that, to borrow one of your pet phrases, Q: "We're taking it in the ass for some reason."


    Granted.

    I'm merely objecting to the manner in which this guy presents his theory. Robert Zubrin offers us a bunch of speculation based on tenuous and questionable interrelations and expects us to take his conspiracy theory and say "Oh yeh, why didn't I think of that."

    .

    ReplyDelete
  29. And, come Summertime, I believe you might see spreads getting close to 40% in Michigan.

    In a car that was optimized for ethanol that could translate into $1.80/gal savings (or $36.00/fill-up.)

    For the average family, savings of approx. $1.80 X 1.200 gal/yr, or $2,160.00/yr.

    ReplyDelete
  30. We're getting screwed out of our gourds.

    ReplyDelete
  31. Iran oil exports have slowed to most countries:

    China's February imports fell 40% from last year (because of pricing dispute)

    Japan saw a 12% drop in January from a year earlier

    South Korea cut purchases 14% from a year earlier in January-February

    ReplyDelete
  32. Yesterday, we endured an esoteric debate over a jurisdictional statute that practically no one expects to actually affect the Supreme Court's review of Obamacare. Today, by contrast, was the argument we've all been waiting for: the challenge to the constitutional merits of Obamacare's individual mandate.

    ...

    The most important moment in the entire argument occurred near the end, as Justice Anthony Kennedy—widely expected to be the deciding vote—succinctly summarized the choice that he will have to make:

    the government tells us that's because the insurance market is unique. And in the next case, it'll say the next market is unique.

    ReplyDelete
  33. Responding to accusations by Labour that the Government had caused alarm by giving people the impression they should panic buy, David Cameron said: "There is no imminent strike. The unions would have to give seven days' notice of any strike so there is no need to queue to buy petrol.

    "If there is an opportunity to top up your tank if a strike is potentially on the way, then it is a sensible thing if you are able to do that."

    He added: "I absolutely do not want to raise the temperature on this any more than is necessary."

    ReplyDelete
  34. Happy Birthday Lady Gaga. She turns 26 years old today.

    ReplyDelete
  35. An Arab had spent many days crossing the desert without finding a source of water. It got so bad that even his camel died of thirst.vHe crawled through the sands, certain that he was breathing his last breath, when suddenly, he saw a shiny object sticking out of the sand several yards ahead of him.vHe crawled to the object, pulled it out of the sand, and discovered that he had a Manischewitz wine bottle.vIt appeared that there may be a drop or two left in the bottle, so he unscrewed the top, and out popped a genie.

    BUT this was no ordinary Genie. This genie appeared to be a Chasidic Rabbi, complete with black alpaca coat, black hat, side curls, and tzitzis. 'Vell kid,' said the genie, 'you know how it voiks. You got tree vishes.'

    'I'm not going to trust you,' says the Arab. 'I'm not going to trust a Jewish genie!'

    'Vott you got to lose? Looks at me - you're a goner anyvay!'

    The Arab thought about this for a minute, and decided that the genie was right. 'Okay, I wish I were in a lush oasis, with plentiful food and drink.'

    * * * * * * * P O O F! * * * * * * * * *

    The Arab found himself in the most beautiful oasis he had ever seen and he was surrounded with jugs of wine and platters of delicacies.

    'Okee-dokee kiddo, vat's your second vish?'

    'My second wish is that I were rich beyond my wildest dreams.'

    * * * * * * * P O O F !!* * * * * * * * *

    The Arab found himself surrounded by treasure chests filled with rare old coins and pr ecious gems.

    'Okay kid, you got just vone more vish. Best you should make it a good vone!'

    After thinking for a few minutes, the Arab says, 'I wish that no matter where I go, beautiful women will always need and want me!'

    * * * * * * * P O O F!!! * * * * * * * * *

    He was turned into a tampon.

    THE MORAL OF THE STORY: If you're an Arab doing business with a Jewish genie, there's going to be a string attached.

    ReplyDelete
  36. Bob,

    We offer you $1895.00 US for your 10 (ten) contracted planets with SoulsRUs. Please reply.

    Stellar Investments, LLC

    Dear Stellar,

    O send it along
    O send it toot soon
    That sweet 18 hundred
    And ninety five
    O send it by noon
    I'll let the Quirk know
    O, It will fill him with woe
    To see the planets rise like the moon...


    Bobbo

    ReplyDelete
  37. .

    Happy Birthday Lady Gaga. She turns 26 years old today.


    What did Michael Jackson like most about twenty six year olds?

    There were twenty of them.

    .

    ReplyDelete
  38. Scalia invokes 8th Amendment against reading 2,700-page Obamacare bill...

    'Cruel and unusual punishment'...

    ReplyDelete
  39. I've flipped the planets Q goin' Vegas side you with me?

    bobbo



    Scalia invokes 8th Amendment against reading 2,700-page Obamacare bill...

    'Cruel and unusual punishment'...

    ReplyDelete
  40. Crude-oil futures fell Wednesday, hit by a surprise increase in U.S. oil inventories and the renewed potential for a strategic oil reserve release.

    Light, sweet crude oil for May delivery fell $1.92, or 1.8%, to settle at $105.41 a barrel on the New York Mercantile Exchange, after dipping below $105 a barrel earlier in the session. Brent crude oil on the ICE futures exchange was $1.10 lower at $124.16 a barrel.

    ReplyDelete
  41. Panthers in deep do-do --

    Will Florida Prosecute Holder's People?
    Russ Vaughn

    For those of you who have been wondering, yes, it is probably illegal for the New Black Panthers to offer a 'dead or alive" reward for George Zimmerman. Over at Pajamas Media, J. Christian Adams, the former justice department lawyer who resigned in protest against Eric Holder's refusal to prosecute this same NBPP organization for voter intimidation in Philadelphia, has spelled out just how the hate group's actions may be prosecutable by Florida authorities:

    So what crimes may have the New Black Panthers committed in Florida with their threats toward George Zimmerman?

    Let's start with solicitation to kidnap. In announcing a reward for the seizure of Zimmerman, the New Black Panthers may have violated Florida Code 787.01. It makes it a felony to "by threat, confining or abducting, or imprisoning another person against his . . . will without lawful authority with intent to . . . terrorize."

    Merely soliciting someone else to do this is also a felony in Florida under Florida Code 777.04. "A person who solicits another to commit an offense prohibited by law and in the course of such solicitation commands, encourages, hires, or requests another person to engage in specific conduct which would constitute such offense or an attempt to commit such offense commits the offense of criminal solicitation."

    And this:

    The solicitation and threat to seize Zimmerman may also constitute a crime under Florida Code 876.35. The felony of "combination against part of the people of the state" occurs when someone is unlawfully seized by a mob, or at the behest of a mob. Think of a small town jail 100 years ago and an angry crowd, armed with rope, demanding a particular inmate. Sound familiar?

    Florida Code 876.35 defines the crime: "to remove them forcibly out of this state, or to remove them from their habitations to any other part of the state by force, or [when people] shall assemble for that purpose." Remember, solicitation to commit a crime is in itself a crime.

    Florida Code 876.34 even makes it a felony to "interfere forcibly in the administration of the government."

    Additionally, according to Adams, Trayvon Martin, himself, may have been in violation of an "oddball" Florida law which accords protections to those individuals engaged in neighborhood watch activities. The existence of such a law carries with it the possibility that Martin, whether or not he was otherwise innocent of any criminal intent, violated Florida law by aggressively challenging Zimmerman's inquiries.

    According to Breibart.com, even the left-leaning the Southern Poverty Law Center has labeled the New Black Panther Party as "a virulently racist and anti-Semitic organization whose leaders have encouraged violence against whites, Jews and law enforcement officers." Breitbart notes that the SPLC also says that the New Black Panthers believe American blacks should form a separate black nation. Eric Holder would a great choice for first Minister of Justice.

    ReplyDelete
  42. But seen in the context of the Ryan budget as a whole, and of the demands of this election year, such criticism seems to lack proportion. There is, of course, no chance that the House Republican budget will be adopted by the Democratic Senate this year, and no chance that President Obama will adopt it.

    ...

    President Obama has successfully turned voters’ attention away from our most significant problems in recent months, and he surely hopes to keep them distracted through the election. But just as they did last year, House Republicans have the opportunity to recapture the agenda​—​not by distracting voters from our problems but by offering real solutions and daring the Democrats to offer their own.

    We can only hope that the Republican presidential candidate has the good sense to follow their lead.

    ReplyDelete
  43. "Mitt Romney changes positions more often than a pornographic movie queen." -- Former Sen. Arlen Specter (D-PA), in an interview on Morning Joe

    ReplyDelete
  44. Why they insist to call this dyke a feminist rather than a dyke I don't know.

    Maybe Miss T ain't gay if she hasn't mentioned the passing of this woman-

    Poet Adrienne Rich, 82, has died
    March 28, 2012 | 1:46 pm


    Adrienne Rich, a pioneering feminist poet and essayist who challenged what she considered to be the myths of the American dream, has died. She was 82.

    The recipient of such literary awards as the Yale Young Poets prize, the National Book Award, the Ruth Lilly Poetry Prize and the Dorothea Tanning Award given by the Academy of American Poets, Rich died Tuesday at her home in Santa Cruz of complications from long-term rheumatoid arthritis, said a son, Pablo Conrad.

    She came of age during the social upheavals of the 1960s and '70s and was best known as an advocate of women's rights, which she wrote about in both her poetry and prose. But she also wrote passionate antiwar poetry and took up the causes of the marginalized and underprivileged.

    From her first book of poems in the early 1950s, Rich, a Baltimore native who attended Radcliffe College, showed her feminist bearings. Twenty years later, her image was set when universities began introducing courses in women's studies and Rich was among the most likely writers to be included.

    Selected for the National Medal for the Arts in 1997, the highest award given to artists, Rich refused it.

    “The radical disparities of wealth and power in America are widening at a devastating rate,” she wrote in a letter addressed to then-President Clinton. “A president cannot meaningfully honor certain token artists while the people at large are so dishonored.”

    A full obituary will follow at latimes.com/obits.

    ReplyDelete
  45. Bob gratuitously shot: Maybe Miss T ain't gay if she hasn't mentioned the passing of this woman-

    Is your real name Bruce? Do you like hanging around the locker room? Do you like movies about gladiators? Have you ever been in a Turkish prison?

    ReplyDelete
  46. Maybe Miss T is gay, she never ever mentions her husband, bob gratuitously shot.

    Wife is calling, going to town!

    ReplyDelete
  47. Maybe Miss T is gay, she never ever mentions her husband, bob gratuitously shot.

    There was a time when I respected almost everyone on this blog, but then the personal information I did give was turned around and shoved up my ass by the likes of you, so I instituted a scorched earth blackout policy on all such information.

    ReplyDelete
  48. Jacques Rogge, the IOC president, who held a joint press conference in Downing Street with Mr Cameron, said: "London has raised the bar on how to deliver a lasting legacy. We can already see tangible results in the remarkable regeneration of east London.

    ...

    Jeremy Hunt, the Culture, Media and Sport Secretary, said the Government was determined to make the Games "the first true legacy Olympics". He said: "We can't guarantee this, but we're hoping this will be the first Olympics where all the major sports venues have a legacy use secured before the actual Games start.

    That will be a major first and a big achievement for London."

    ReplyDelete
  49. Wasp said...
    Maybe Miss T is gay, she never ever mentions her husband, bob gratuitously shot.

    There was a time when I respected almost everyone on this blog, but then the personal information I did give was turned around and shoved up my ass by the likes of you, so I instituted a scorched earth blackout policy on all such information.


    the personal information you told us were lies...

    now we (collectively speaking) can't trust ANYTHING you say...

    ReplyDelete
  50. The shadow banking system—which sprang up in the cracks of the traditional banking system and came to prominence in 2011—sought to supply credit, albeit at often exorbitant rates. The government cracked down on what it considered the most egregious cases, including sentencing to death Wu Ying, an entrepreneur in Zhejiang, for "fraudulent fundraising."

    She was found guilty after allegedly raising as much as 770 million yuan illegally from the public by promising them high investment returns. Ms. Wu's attorney has contended that she merely borrowed the money from her friends and invested the funds in profitable businesses.

    The case has prompted widespread sympathy for Ms. Wu.

    ReplyDelete