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Nasa ’Earthrise’ astronaut dies at 90 in plane crash

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Apollo 8 astronaut Bill Anders, who snapped one of the most famous photographs taken in outer space, has died at the age of 90.

Officials say a small plane he was flying crashed into the water north of Seattle, Washington.

Anders’ son Greg confirmed that his father was flying the small plane, and that his body was recovered on Friday afternoon.
“The family is devastated. He was a great pilot. He will be missed,” a statement from the family reads.

Anders – who was a lunar module pilot on the Apollo 8 mission – took the iconic Earthrise photograph, one of the most memorable and inspirational images of Earth from space.

Taken on Christmas Eve during the 1968 mission, the first crewed space flight to leave Earth and reach the Moon, the picture shows the planet rising above the horizon from the barren lunar surface.

Anders later described it as his most significant contribution to the space programme.

The image is widely credited with motivating the global environmental movement and leading to the creation of Earth Day, an annual event to promote activism and awareness of caring for the planet.

Speaking of the moment, Anders said: “We came all this way to explore the Moon, and the most important thing that we discovered was the Earth.”

Officials said on Friday that Anders crashed his plane around 11:40PDT (1940BST).

The US National Transportation Safety Board (NTSB) said the 90-year-old was flying a Beechcraft A A 45 – also known as a T-34. The agency said that the plane crashed about 80ft (25m) from the coast of Jones Island.

Witness Philip Person told King-TV in Seattle that he saw the crash.

The plane began doing what appeared to be a loop and became inverted, he told the network.

“I could not believe what I was seeing in front of my eyes,” Person told the local news station. “It looked like something right out of a movie or special effects. With the large explosion and flames and everything.”

Footage that allegedly captured the plane crash appears to show an effort to pull up at the last second, before its the surface of the water and becomes a fiery wreck.

Anders also served as the backup pilot to the Apollo 11 mission, the name of the effort that led to the first Moon landing on July 24, 1969.

Following Anders’ retirement from the space programme in 1969, the former astronaut largely worked in the aerospace industry for several decades. He also served as US Ambassador to Norway for a year in the 1970s.

But he is best remembered for the Apollo 8 mission and the iconic photograph he took from space.

“In 1968, during Apollo 8, Bill Anders offered to humanity among the deepest of gifts an astronaut can give. He traveled to the threshold of the Moon and helped all of us see something else: ourselves,” Nasa Administrator Bill Nelson said in a statement.

Mark Kelly, a former astronaut who now serves as a US Senator for the state of Arizona, said in a post on X, formerly Twitter, that Anders “inspired me and generations of astronauts and explorers. My thoughts are with his family and friends”.

(BBC)

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HNB finance depositors in jeopardy due to ‘PrimeMax’ 0.5% scheme

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A controversial real estate financing model, ‘PrimeMax’, introduced by Prime Lands for apartment buyers, is allegedly putting both buyers and HNB Finance depositors at significant financial risk.

This is because Prime Lands, which holds a 38% stake in HNB Finance, is leveraging its shareholder power to aggressively direct public funds into high-risk, speculative real estate loans.

Experts warn that this move not only violates CBSL’s risk diversification regulations but also exposes HNB Finance to significant liquidity risks.

Traditionally, HNB Finance operates in the microfinance sector, which relies on fast cash flow and frequent repayments.

However, this real estate loan model contradicts the principles of microfinance by front-loading funds into high-value condominium projects and locking capital into long-term, high-value loans with slow repayment cycles. This shift undermines the company’s liquidity, putting both the financial stability of HNB Finance and the security of its depositors’ funds at significant risk.

  • 10% Down Payment: Buyers pay only 10% of the total property value upfront.
  • 47.5% Bank Loan: HNB Finance funds nearly half of the property value through a loan.
  • Interest-Only Payments for 3 Years: Buyers pay just 0.5% per month, primarily covering interest with minimal reduction in the principal.
  • Additional 15% Paid as Interest: Over the 3-year period, buyers will have paid an additional 15% of the sale value as interest.
  • Outstanding Balance After 3 Years: After the 3-year period, approximately 75% of the total property value remains unpaid. This balance consists of the remaining loan amount owed to HNB Finance, along with the outstanding balance owed to Prime Lands.

Prime Lands markets this scheme as a flexible investment opportunity, but economic experts say it is actually a debt trap that locks buyers into long-term loans.

Crippling debt even after 3 years : With more than 75% of the property price left unpaid, buyers will be burdened with a massive financial liability. This overwhelming debt will make it nearly impossible to secure refinancing or sell the property at a reasonable price.Even after 03 years, buyers will still owe roughly 75% of the property’s price, which makes refinancing or reselling at fair value very difficult.

The buyback & resale scam : Meanwhile, the promised opportunity to resell at a higher value is highly speculative and unreliable.  Project delays, unfavorable market conditions, and low demand can make reselling impossible, leaving buyers stuck in a property they can’t sell.

With these limited options, they may be forced into the buyback scheme-often at a price far below market value, resulting in significant financial losses rather than the anticipated profits.

This flawed financing structure does not only impact buyers – it directly threatens the financial stability of HNB Finance customers and depositors:

  • Liquidity Challenges: With loan repayments delayed, HNB Finance may struggle to maintain its financial commitments, putting depositors’ funds at risk.
  • Risk of Defaults: If apartment buyers default due to high outstanding balances, HNB Finance could face serious financial losses, ultimately jeopardizing its depositors’ security.
  • Regulatory Violations: The Central Bank of Sri Lanka enforces strict lending policies for finance companies. This scheme raises concerns about compliance, as it prioritizes aggressive sales over responsible lending practices.The shift from microfinance to large-scale property lending could also push HNB Finance beyond regulatory limits for exposure to a single sector.

The Central Bank of Sri Lanka (CBSL) enforces strict Risk Diversification Regulations for licensed finance companies to prevent excessive exposure to any single sector, ensuring depositor safety and financial stability.

However, HNB Finance PLC is dangerously violating this principle by diverting a significant portion of its funds into speculative real estate loans under the Prime Lands 0.5% scheme.

Unlike commercial banks, finance companies rely heavily on public deposits, making it crucial for them to maintain liquidity and prudent lending practices.

By over-lending to real estate, HNB Finance not only concentrates risk in a volatile sector but also compromises depositor funds, increasing the chances of liquidity shortfalls and defaults.

If this reckless lending continues, HNB Finance risks breaching CBSL’s sectoral exposure limits, leading to severe financial instability.

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High Posts committee approves appointments of 4 ministry secretaries

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The Committee on High Posts, which met recently in the Parliament under the patronage of the Prime Minister – Dr. Harini Amarasuriya, has given its approval for the appointment of 04 secretaries for ministries.

Accordingly, the following appointments have been approved :

Prof. K. T. M. Udayanga Hemapala – Secretary to the Ministry of Energy 
K.M.G.S.N. Kaluwewa – Secretary to the Ministry of Education, Higher Education, and Vocational Education
S.M. Piyatissa – Secretary to the Ministry of Labor
K.D.R. Olga – Secretary to the Ministry of Women and Child Affairs

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Tense situation in Kimbulawala (Video)

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A heated situation took place in Kimbulawala today (July 11) after officials of the Road Development Authority (RDA) attempted to remove several roadside food stalls in the area. 

Several stalls were dismantled and loaded onto a lorry amid the strong objection of vendors.

Police had also arrived at the venue to control the situation.

Amid the heated situation, RDA officials had returned the loaded belongings to the vendors.

(Video : Madyawediya)

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