Concerns Over Debris Left By ASAT Missile Before ISRO’s April 1 Launch

Concerns Over Debris Left By ASAT Missile Before ISRO's April 1 LaunchISRO will launch the PSLV on April 1 carrying multiple payloads.NEW DELHI: 

Will India’s recent test of the anti-satellite (ASAT) missile endanger the launch of the Polar Satellite Launch Vehicle tomorrow? The anti-satellite weapon launched as part of Mission Shakti created a new debris pile some 300 kilometres above the Earth.

When the PSLV is launched from Sriharikota, it will have to traverse through that debris belt where there would be a risk of collision.

Using a new rocket part of the ballistic missile defence system on March 27, India shot down the over-700 kilogram MicroSAT-R satellite at an altitude of 300 kilometres, creating a debris pile of some 300 pieces.

The whole operation was completed in three minutes after the killer missile was launched from Dr Abdul Kalam Island off the coast of Odisha by scientists of the Defence Research and Development Organisation or DRDO.


The ASAT missile can bring an enemy nation to a halt by disrupting communication systems.

The big question that needs some introspection as the Indian Space Research Organisation (ISRO) gets ready for the PSLV launch is – what are the risks from this new debris that India itself has created? And does ISRO have a plan to mitigate this new threat?

Experts say that at 300 kilometres, the very high speed collision of two man-made objects would generate a lot of space debris and they would certainly come in the way of future launches at least for the next several weeks.

India is launching a satellite tomorrow, six days after the orbital collision. This too is another satellite belonging to the DRDO. Thus, there are concerns of whether the DRDO, by carrying out Mission Shakti, has endangered its own satellite called EMISAT.

“Yes, theoretically, that is right. But you should understand that today in space, millions of debris are floating around. Every satellite launch leaves anything between 100-150 fragments, they could be small bolts, they could be heat shields, they could be anything,” VK Saraswat, former DRDO head and member of the government think tank NITI Aayog told NDTV.

“These fragments keep floating around because as soon as you get out of atmosphere, nothing comes back; it always remains there and keeps on revolving because it is at the same speed of the satellite. So when they keep revolving they have a tendency to come in the way of other objects that are going to be propelled. That is why internationally there is a programme today to remove debris as much as possible and India is a signatory to that,” he said.

“Launching an anti-satellite missile does not create even 50 per cent of what we are doing while launching a large satellite, so it is not that we are going to increase by… suppose we have created 10 or 50 or 60 debris elements, one lakh or one million have become that much extra,” Mr Saraswat said.

On its part, before any launch, the ISRO does look out for space debris and on this occasion it would be more vigilant. “Collision avoidance is a standard procedure and on this launch at Sriharikota we will be extra cautious,” said Vivek Singh, ISRO assistant scientific secretary.

On several occasions when ISRO’s collision avoidance team has detected a threat of debris coming in the path of the rocket as it lifts off from Sriharikota, the launch has been postponed by a few minutes to ensure that the vehicle gets a clear path.

To track space debris, recently ISRO put in place a special multi-object tracking radar at Sriharikota. In addition, Indian space scientists depend on public domain information on space debris and situational awareness made available by the American armed forces.

Under normal circumstances, using these sophisticated radars the ISRO monitors space debris over the space port and on this occasion, sources say they are going to take abundant precautions.


The Money School Created By A Financial Guru & Bestselling Author Who Triumphed To Build Wealth

New York Times bestselling author and financial guru Nicole LapinIMAGE COURTESY OF NICOLE LAPIN

Long-term goals, budgeting, saving, and enjoying small indulgences are a some of the key things you will often hear explored by financial guru and New York Times bestselling author Nicole Lapin. Lapin founded The Money School after a role as an anchor on major television networks where she noticed a large gap in populations that gained access to financial literacy knowledge. The population Lapin desired to support was the former version of her self. The one, the founder describes as: “that girl who was smiling, nodding, and not joining basic money conversations because she was too freaked out and too scared to do it.”

As a first-generation American, Lapin was raised in a household where financial literacy was not primarily taught or spoken of. Growing up, at age eleven, she encountered the loss of her father due to a drug overdose and a lack of guidance from her mother. During this time, Lapin describes seeing her parents primarily make money moves that were not the most ideal. This sparked her desire to write a new trajectory for her future.

By starting from the ground up, Lapin expresses taking any job she could from working at a low salary to accumulating credit card debt, and more. Finally, with determination and grit, she landed a job as a business reporter and it just happened that the role was in the field of finance. While feeling clueless and freaked out about the language of money, Lapin explains that she had to learn the language of money the hard way because her job demanded that she spoke it to the world.

Learning The Language of Money

At the “school of hard knocks” the financial expert, who then was the process of acquiring greater knowledge, details that she encountered a plethora of funny affirmable moments along the way. Through her work, Lapin shares these experiences to challenge others to embrace being comfortable with learning and growing through unfamiliar spaces.

For example, while Lapin was on the floor of the Chicago Mercantile Exchange she gathered her belongings to head to an interview with a few founders. On her way out she recalled her manager asking: “Do you have the P&L?” And she responded: “No” staring with a puzzled grimace. “No, I don’t have to pee,” she thought to herself. In another instance, Lapin describes thinking that a former boyfriend was a garden “hedge manager” given his role at a hedge fund.

To Lapin, money has served as a language to be learned and one that we often don’t realize can serve as the biggest hurdle for bridging avenues to opportunities in our financial lives.

Pervasive Disparities in Financial Education 

Learning the language of money has become instrumentally important due to an ongoing widespread dialogue surrounding the financial literacy education gap in America. Currently, two-thirds of American adults are said not to be able to pass a basic financial literacy test, 54% of Millennials express worry that they will not be able to pay back student loans, and only 16% between the ages 18-26 feel very optimistic about their financial futures.

To counter these disparities at a national scale, Lapin advocates for lobbying for more financial education in our governmental system to bridge what she notes as “a personal budget deficit.” However, in addition to lobbying at the national level, she advocates helping others explore a fundamental piece of the puzzle that they truly can control, which begins with themselves. She articulates this by sharing:

People say all the time I’m freaked out by the stock market; I’m freaked out by all of these things. And all we really have control over is ourselves. This is a deeper component of the conversation because how we each interact within these markets permeates all aspects of our lives.

By founding The Money School, Lapin has created opportunities to support each individual learner where they are in their financial growth journey. Given that so often financial learning exists within traditionally broad topics explored in school such as macroeconomics, by meeting the individual learner where they are in the process Lapin shares practical hands-on tips and tricksfrom writing checks to completing taxes or making a budget.


One Solution: The Money School

The Money School is an online community Lapin created where she shares a 12-step plan for helping others get their financial lives together. This plan has been tested in both of her books and the third book due to hit shelves soon. Traditionally, readers and students have found the guides to be easy to follow and iterate upon.

The financial guru and New York Times Bestselling author shares that the first step at The Money School is:

…Admitting you have a problem—and we all have problems—so that you can do something about it. From there, I wanted to create interactive video lessons, worksheets, and quizzes for the school community. Then bring in some cool experts and friends that I know from the business world to help along the way.

Overall, a key goal for the Money School is to rethink the way education around this topic looks. To do so Lapin has broken down finance into a language we often would use daily, like in a meeting with a circle of friends. Similar to friendships, she compares starting a new financial guide to embarking on a long-term endeavor. During the journey, Lapin says it’s “beneficial to set benchmarks and opportunities for small outings and/or indulgences so that you stay on track.”

How to Start Achieving Your Money Goals Today

To start achieving your money goals today, Lapin shares: “We really need to focus on our endgames and goals.” To cover these two areas, she recommends breaking down: 1) a spending plan into three E’s—essentials, endgame, and extras, and 2) goals into three F’s—family, finance, and fun. The Money School founder uses these alliterations to explore how we can look at our goals holistically due to our work lives and personal lives overlapping in numerous ways. In order to achieve true happiness, “we must achieve happiness in all areas,” she shares.

Additionally, when it comes to creating plans for money matters Lapin encourages those who wish to become financially fit to pursue money from a place of aspiration versus deprivation—mentality plays a crucial role in the process. For example, a person aspiring to build wealth settling to clip coupons and digging in the couch for coins may have greater adverse effects than one focusing on creating a savings plan.

As Lapin highlights:

…Figure out where you aspire to go and then reverse engineer your actions. The more I’ve been able to be real, the closer I’ve gotten to reaching my goals and you can too! For me, I had to get to a place where I was super vulnerable, authentic, basically naked, sharing all the stories I wanted to whiteout in the past when I tried to pretend I was perfect. Doing the internal work, only I could do for myself, made all the difference.


By the numbers: Stock market collapses on Christmas Eve, heads for worst December ever

Image result for By the numbers: Stock market collapses on Christmas Eve, heads for worst December everThe stock market is ending the year on quite the ugly note. Here is where we stand statistically:


  • S&P 500 closed down -2.71% Monday for its seventh negative day in 8 and its worst day since Dec. 4, when the S&P lost -3.24%
  • Until Monday, the Dow & S&P 500’s worst Christmas Eve ever was back in 1985, when they fell 0.63% and 0.69%, respectively
  • S&P hit a new 52-week low Friday of 2,351.10, its lowest level back to April 2017
  • MTD: S&P is down -14.82% on pace for its worst December ever back to back-tested inception in 1928, with the next worst December in 1931 when the S&P lost -14.53%, and its worst month since October 2008 when the S&P lost -16.94%
  • YTD: S&P is down -12.06% in 2018 on pace for its worst year since 2008 when the S&P lost -38.49%
  • Since Record: S&P is 20.06% below its intraday all-time high of 2,940.91 from Sept. 21 closing in bear market levels
  • The CBOE Volatility Index VIX hit a high so far today of 36.10, its highest level since Feb. 9, when the VIX hit a high of 41.06
  • Russell 2K small caps closed down -1.95% today for their 13th negative day in 14, hitting a new 52-week low today of 1,266.92
  • MTD: Small caps are down -17.37% MTD on pace for their worst month since October 2008, when small caps lost -20.90%
  • YTD: Small caps are down -17.49% YTD on pace for their worst year since 2008, when small caps lost -34.8%
  • Since Record: Small caps are 27.28% below their intraday all-time high of 1,742.09 from Aug. 31, closing in bear market levels
  • Dow closed down -2.91% today for its sixth negative day in 7 and its worst day since Dec. 4, when the Dow lost -3.1%
  • MTD: Dow is down -14.67% MTD, on pace for its worst month since Oct. 10, 2008, when the Dow lost -18.15% and on pace for its worst December performance since 1931, when the Dow lost -17.01%
  • YTD: Dow is down -11.84% in 2018, on pace for its worst year since 2008 when the Dow lost -33.84%
  • The Dow hit a new 52-week low today of 21,792.20, its lowest level since September 2017
  • Since Record: Dow is 19.14% below its intraday all-time high of 26,951.81 from Oct. 3, closing in correction levels
  • NASDAQ closed down -2.21% today for its seventh negative day in 8
  • MTD: NASDAQ is down -15.52% on pace for its worst month since October 2008, when the NASDAQ lost -17.73%
  • YTD: NASDAQ is down -10.29% YTD, on pace for its worst year since 2008, when the NASDAQ lost -40.54%
  • The NASDAQ hit a new 52-wk low today of 6,190.17, its lowest level back to August 2017
  • Since Record: NASDAQ is 23.9% below its intraday all-time high of 8,133.3 from Aug. 30, closing in bear market levels


  • Sectors: 11 out of 11 sectors were negative today, led by Utilities down -4.27%, turning in their worst day since Aug. 8, 2011, when the sector lost -5.47%
  • 10 out of 11 sectors closed in correction levels or worse today:
  • Energy — 31.24% below their May 21 52-week high, closing in bear market levels
  • Materials — 26.15% below their Jan. 26 record close, closing in bear market levels
  • Financials — down 26.09% from their Jan. 26 52-week high, closing in bear market levels
  • Industrials — 25.23% below their Jan. 26 record close, closing in bear market levels
  • Tech — 24.13% below their Oct. 3 record close, closing in bear market levels
  • Consumer Discretionary — 22.99% below their Sept. 27 record close, closing in bear market levels
  • Communication Services — 22.61% below their Feb. 1 52-week high, closing in bear market levels
  • Consumer Staples — down 17.29% from their Jan. 26 52-week high close
  • Health Care — down 15.63% from its Oct. 1 record close
  • Real Estate — down -12.76% from its 52-week closing high
  • The least negative sector today was Communication Services — down -2.02% today
  • Sectors MTD: 11 out of 11 sectors are negative MTD, led by Energy down -18.1% on pace for its worst month ever through our history back to 1998, the next worst month is October 2008, when Energy lost -18.01%
  • The least negative sector MTD is Utilities, down -6.76%
  • Sectors YTD: 11 out of 11 sectors are negative YTD, led by Energy, down -25.31% YTD
  • Note all the S&P sectors have not closed in negative territory for the year since 200
  • The most positive sector YTD is Utilities, down -2.1%, closely followed by Health Care, down -2.31%


  • Gold (FEB) has hit a high so far today of 1,273, its highest level since Jun. 25, when gold traded as high as 1,274.4
  • WTI (FEB) has hit a low so far today of 44.10, its lowest level since July 11, 2017, when WTI traded as low as 43.83
  • MTD: WTI is down -13.37%, on pace for its third straight negative month for the first time since June 2017 and its 4-month losing streak
  • QTD: WTI is down -39.82%, on pace for its worst quarter since Q4 2014, when WTI lost -41.56%
  • YTD: WTI is down -27.06% on pace for its worst year since 2015, when WTI lost -30.47%
  • Brent (FEB) has hit a low so far today of 51.83, its lowest level since Aug. 31, 2017, when Brent traded as low as 50.56
  • Dollar index is trading down -0.48%, on pace for its third negative day in 4
  • MTD: Dollar index is down -0.80%, on pace for its first negative month in 3
  • YTD: Dollar index is up 4.74%, on pace for its fifth positive year in 6
  • US 2-year note yielding 2.5927% vs last Friday’s close of 2.643%, hitting a low today of 2.589%, its lowest level since Aug, 22, when the 2-year yielded as low as 2.587%
  • US 5-yr note yielding 2.5927%, yielding about equal to the 2-year at 2.5927%


Honor 8X Max Specifications, Design, Colours, Features Tipped by Online Listing Ahead of Launch

Honor 8X Max Specifications, Design, Colours, Features Tipped by Online Listing Ahead of Launch

Honor 8X Max will sport a vertically stacked dual camera setup.


  • Honor 8X Max is set to launch on September 5
  • The device will sport a waterdrop-shaped notch
  • It is listed to be priced at CNY 9,998

Huawei’s sub-brand Honor is all set to launch the Honor 8Xand the Honor 8X Max at a launch event in China on September 5. The Max variant is expected to be the more premium model, with a larger screen, and better specifications. Now, more information about the Honor 8X Max has been tipped thanks to its premature listing on, revealing its complete design, features, and specification details as well. lists the Honor 8X Max with a dummy price tag CNY 9,998 (roughly Rs. 103,000). This is obviously just a dummy price tag, and the exact price will be unveiled at the event next week. The smartphone is seen sporting a waterdrop-shaped notch, and a slight chin at the bottom housing the Honor branding. At the back, there is a dual camera setup stacked vertically and a rear fingerprint scanner is seen as well. The smartphone is listed in a Magic Night Black colour option, but the product description page on has a slew of posters revealing that the Honor 8X Max will also be made available in Blue, and Red colour options. There are complete renders of the phone as well, seen from the front and back.

The posters reveal that the smartphone will sport a huge 7.12-inch display with the waterdrop notch. The screen-to-body ratio is listed to be at 90 percent, and it will support Dolby Atmos sound technology. The back is to sport a 3D design that will reflect differently from different angles. The Honor 8X Max will sport 18W quick charging that will enable 40 minutes of calls with a quick 10-minute charge. The listing was spotted by tipster @banggogo on Twitter.

Previous leaks indicate that both the Honor 8X and the Honor 8X Max will be powered by the Snapdragon 660 SoC. A TENAA listing suggests that the Honor 8X will run on Android 8.1 Oreo, sport a 7.12-inch full-HD+ (1080×2244 pixels) TFT panel with an 18.7:9 aspect ratio, pack 4GB of RAM, 64GB of inbuilt storage, and enclose a 4,900mAh battery under the hood.

The dual rear camera module will bear one 16-megapixel primary sensor and a secondary 2-megapixel depth sensor. On the front, the handset will get an 8-megapixel selfie camera. As for dimensions, the Honor 8X will measure 177.57×86.24×8.13mm and weigh 210 grams.


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Honor 8X Max

Honor 8X Max

  • NEWS
Processor1.8GHz octa-core
Front Camera8-megapixel
Resolution1080x2244 pixels
OSAndroid 8.1 Oreo
Rear Camera16-megapixel + 2-megapixel
Battery Capacity4900mAh
Also See
  • Huawei Honor 8 (Pearl White, 32GB) –
  • Huawei Honor 7A (Blue, 32GB, 3GB RAM)