$40 BB – Asteroid Insurance
This has become a hot topic since the meteor explosion over Russia earlier this year.
We are inching closer to protecting our planet from unfriendly visitors
from the sky. (A brief definition: An asteroid is a smaller version of
a planet with a rocky surface and no atmosphere. If it enters the
earth’s atmosphere, it is known as a meteor. If it survives the fall,
the pieces are meteorites.)
“….scientists have identified 95% of
asteroids more than a half-mile in diameter — the kind that threaten
human existence if they strike Earth, like the six-mile-wide one
believed to have wiped out dinosaurs 65 million years ago — and found
none on a collision course with the planet.The good news is that the
chances an asteroid big enough to destroy a continent or all of
civilization will hit Earth this year are only one in 20,000, a
congressional panel learned Tuesday.” – CNN
Now, I’m listening. Americans flock to play the lotteries – those odds are
millions to one. Only 20,000 to 1 to wipe out the earth? The article
continues…
“…scientists have identified 95% of asteroids more than a half-mile in diameter — the
kind that threaten human existence if they strike Earth, like the
six-mile-wide one believed to have wiped out dinosaurs 65 million years
ago — and found none on a collision course with the planet. Only 10% of
meteors more than 150 yards wide — dubbed “potential city killers…have
been detected, meaning more than 10,000 are out there without our
knowledge.”
Message: Fiscal responsibility. Focus on effective capital spending (like protecting the
human race). And, keep an eye on the heavens!
-Mark Schuster, Partner
March 20, 2013
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