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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

Everything is a Brand

Pre-seed fintech firm Financial Venture Studio closes...

November 19, 2020

Fintech has come into its own the past few years. Once an area of investment widely derided and avoided by VCs due to its regulated nature and entrenched incumbents, fintech has now emerged as one of the most popular categories for investment, buttressed by multiple, multi-billion dollar exits in just the past year like Plaid, CreditKarma, and Galileo. Yet, building fintech apps and systems still requires a lot of finesse. There are those pesky regulations that make a cold……

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The Wooden Man in Kværndrup, Denmark

November 19, 2020

Tucked away among the dusty rafters beneath the castle spire is a wooden doll that has a hold on Egeskov Castle and its occupants. No one knows to whom the doll belonged, or how it came to be left in the dark attic of the imposing 16th-century castle. The dust-covered figure is the size of a small child and has been left, as if asleep, on a cushion. Egeskov Castle is one of 123 manor houses and castles on……

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Cavaliers take Auburn small forward Okoro with...

November 19, 2020

| Entrepreneurship

The Cavaliers haven’t gotten consistent production at small forward since LeBron James left in free agency for the Lakers two years ago. Cleveland also hasn’t made the playoffs without James on its roster since 1998. Auburn small forward Isaac Okoro is eager to change that after being chosen with the fifth overall pick in the NBA draft Wednesday night. “I feel like I can play and fit in with this team right away, just by running the floor and…

Affirm files to go public

November 18, 2020

Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly expanding revenues and slimming losses. Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their……

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Daily Crunch: Apple cuts App Store fees

November 18, 2020

Apple is making a big shift in App Store fees, Duolingo raises more funding and Pfizer releases updated vaccine results. This is your Daily Crunch for November 18, 2020. The big story: Apple cuts App Store fees Apple is cutting the 30% fee it normally charges for App Store transactions to 15% for some developers — specifically, those who, after Apple’s commission, earn less than $1 million per year. The company estimates that this will impact the “vast majority”……

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For Sale: A Hidden Trove of Correspondence...

November 18, 2020

Tony Glover, in the estimation of at least one esteemed critic, was one of the best harmonica players in all Minneapolis, where an impressive folk music scene had emerged by the 1960s. “I couldn’t play like Glover or anything and I didn’t try to. I played mostly like Woody Guthrie and that was about it,” wrote fellow Minnesotan Bob Dylan in Chronicles: Volume 1, his 2004 memoir. “Glover’s playing was well known and talked about around town, but nobody……

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Bake This Luxurious 19th-Century Thanksgiving Pie

November 18, 2020

“Tell me where your grandmother came from and I can tell you how many kinds of pie you serve for Thanksgiving,” the food writer Clementine Paddleford surmised in her 1960 book, How America Eats. Around Boston, she wrote, “four kinds of pie were traditional for this feast occasion—mince, cranberry, pumpkin, and a kind called Marlborough, a glorification of everyday apple.” A single-crust pie of stewed apples in a custard fragrant with nutmeg, citrus, and sherry, Marlborough pie originated in……

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Powering through the coming energy transition

November 18, 2020

Aiming to avoid the worst effects of climate change, from severe droughts to extreme coastal flooding, the nearly 200 nations that signed the 2015 Paris Agreement set a long-term goal of keeping global warming well below 2 degrees Celsius. Achieving that goal will require dramatic reductions in greenhouse gas emissions, primarily through a global transition to low-carbon energy technologies. In the power sector, these include solar, wind, biomass, nuclear, and carbon capture and storage (CCS). According to more than……

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Advancing artificial intelligence research

November 18, 2020

The broad applicability of artificial intelligence in today’s society necessitates the need to develop and deploy technologies that can build trust in emerging areas, counter asymmetric threats, and adapt to the ever-changing needs of complex environments. As part of a new collaboration to advance and support AI research, the MIT Stephen A. Schwarzman College of Computing and the Defense Science and Technology Agency in Singapore are awarding funding to 13 projects led by researchers within the college that target……

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Identifying the structure and function of a...

November 18, 2020

Our ability to pay attention, plan, and troubleshoot involve cognitive processing by the brain’s prefrontal cortex. The balance of activity among excitatory and inhibitory neurons in the cortex, based on local neural circuits and distant inputs, is key to these cognitive functions. A recent study from the McGovern Institute for Brain Research at MIT shows that excitatory inputs from the thalamus activate a local inhibitory circuit in the prefrontal cortex, revealing new insights into how these cognitive circuits may……

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Versatile building blocks make structures with surprising...

November 18, 2020

Researchers at MIT’s Center for Bits and Atoms have created tiny building blocks that exhibit a variety of unique mechanical properties, such as the ability to produce a twisting motion when squeezed. These subunits could potentially be assembled by tiny robots into a nearly limitless variety of objects with built-in functionality, including vehicles, large industrial parts, or specialized robots that can be repeatedly reassembled in different forms. The researchers created four different types of these subunits, called voxels (a……

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The Lemp Family Tomb in St. Louis,...

November 18, 2020

The Lemp family is probably one of the most prestigious American families you’ve never heard of. The hard-working German immigrants made their fortune as beer brewers in 19th-century St. Louis alongside, and in competition with, the Anheuser-Busch family of Budweiser fame. However, despite their success, the Lemp family could not escape tragedy, as many died by suicide or “mysterious circumstances.” The prominent family bought a plot of land at the highest point of St. Louis’s Bellefontaine Cemetery and constructed a large family……

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The Bridge of Oich in Highland, Scotland

November 18, 2020

The old stone bridge that spanned the River Oich was destroyed by flooding in 1849. To prevent a similar incident, a single-span bridge was commissioned for construction. Engineer James Dredge, along with his patented “taper principle,” was enlisted to design the new bridge. In 1854, the bridge was completed and first opened to the public. It acted as the main road bridge across the River Oich until 1932, when a two-lane concrete bridge was constructed. Once the bridge was rendered……

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What China’s fintech market can teach the...

November 18, 2020

If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates a total……

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Study identifies reasons for soaring nuclear plant...

November 18, 2020

A new analysis by MIT researchers details many of the underlying issues that have caused cost overruns on new nuclear power plants in the U.S., which have soared ever higher over the last five decades. The new findings may help the designers of new plants build in resilience to the factors that tend to cause these overruns, thus helping to bring down the costs of such plants. Many analysts believe nuclear power will play an essential part in reducing……

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