Quantcast
Connect with us

Luxembourg says law legalizing mining asteroids will be completed by 2017

Published

on

One of Europe’s smallest states, the Grand Duchy of Luxembourg, cast its eyes to the cosmos on Friday, announcing it would draw up a law to facilitate mining on asteroids.

Extracting precious metals, rare minerals and other valuable commodities on passing asteroids is a staple of science fiction, but Luxembourg says incentives are urgently needed to turn this dream into fact.

ADVERTISEMENT

“Comprehensive legislation” will be drawn up with the help of space law experts, the economy ministry said in a statement.

Expected to take effect in 2017, it is billed as providing a legal framework that will spur investment in exploiting resources in Near Earth Objects (NEOs) — the scientific term for asteroids as well as comets.

“(It) will guarantee operators the right to resources harvested in outer space in accordance with international law,” the ministry said.

“Space resources-dedicated licences will be issued under the new law, and government supervision of the activities of operators and regulating their rights and obligations will be ensured by Luxembourg in accordance with the Outer Space Treaty.”

Luxembourg already has a successful industry for satellite services as well as its highly lucrative banking sector.

ADVERTISEMENT


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Facebook

Trump threatened to disown Don Jr if he joined the military: report

Published

on

On MSNBC Tuesday, Rachel Maddow reported that Mary Trump's upcoming tell-all book claims that President Donald Trump threatened to disown his eldest son if he joined the military.

"Our Uncle Rob, Robert Trump, the president's younger brother, told us, quote, 'any of them could be disowned at any time,'" said Maddow. "'Donny' — meaning Donald Trump Jr. — 'was going to join the Army or some bullsh*t like that, and Donald and Ivana told him if he did, they'd disown him in a second.'"

"The president threatening to disown his son if he joined the military," added Maddow. "Casts a shadow, looms a little bit over what we understand about his bizarre relationship with the military and his perception of their — their role in his administration."

Continue Reading

2020 Election

‘As bad as it gets’: GOP consultants have a secret admission about Trump — and a have a word of warning to ‘Lincoln Project’ Republicans

Published

on

Fox News and AM talk radio are full of GOP strategists and consultants who are happy to go on the air and recite pro-Trump talking points, but it’s often the anonymous quotes in outlets outside the right-wing bubble that offer insights on what Republicans are really thinking about President Donald Trump’s reelection campaign. Never Trump conservative Tim Miller interviewed nine different GOP consultants for a Rolling Stone article published this week, and they candidly discussed Trump’s chances of winning a second term.

Continue Reading
 

Breaking Banner

CNN’s Anderson Cooper exposes Trump’s lies on COVID deaths: He ‘doesn’t want you to know the whole story’

Published

on

On CNN Tuesday, anchor Anderson Cooper laid into President Donald Trump for his false narratives about the coronavirus pandemic.

"New modeling from the University of Washington today forecasts 208,000 people in this country may be dead of COVID-19 by Election Day," said Cooper. "Which the president still does not seem to think is all that bad. Because he is still repeating the same falsehoods as ever about testing and mortality, which fell for a while, but is once again sadly, sickeningly, ticking up."

"We have more cases because we're doing more testing," said Trump in the clip. "We have more cases. If we did half the testing, we'd have far fewer cases but people don't view it that way. What they have to view, though, is if you look at the chart, and maybe Mike has it, but we looked at it before, if you look at the chart of deaths, deaths are way down. What we want to do is get our schools open. We want to get them open quickly, beautifully in the fall."

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image