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Warren Buffett and Michael Burry may be expecting a market downturn and recession, Steve Hanke says. Berkshire Hathaway sold a net $8 billion of stocks and added to its cash pile in the second quarter. Burry's Scion firm placed bets against the S&P 500 and Nasdaq-100 worth a notional $1.6 billion. Steve Hanke says the Berkshire Hathaway CEO and the investor of "The Big Short" fame are likely preparing for trouble. "It looks to me like Burry has made a good move," Hanke said about the Scion chief's latest big short.
Persons: Warren Buffett, Michael Burry, Steve Hanke, Berkshire Hathaway, Buffett's, Hanke, Buffett, Goldman Sachs, Davidson, Elon Musk's Tesla, Burry, Ronald Reagan Organizations: Scion, Nasdaq, Service, Berkshire, Johns Hopkins University, Toronto Trust, Electric, Harley, Scion Asset Management, Elon, & $ Locations: Wall, Silicon, Toronto Trust Argentina, Mars
That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. "This puts us in a bleak setting, thinking about the parts of the world that are labor rich but capital poor," he said. "I do remember a time, maybe a more naive time...when more trade would create friends," said Ben Broadbent, deputy governor of the Bank of England. If there was a potential bright spot, it was around the discussion of advances in artificial intelligence as a possible driver of higher productivity. Reporting by Howard Schneider; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
Persons: JACKSON, Pierre, Olivier Gourinchas, Gourinchas, Maurice Obstfeld, Barry Eichengreen, Eswar Prasad, Donald Trump, Biden, Jared Bernstein, Bernstein, Ben Broadbent, Ngozi Okonjo, Iweala, Trump, Nela Richardson, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kansas City Federal Reserve, U.S, Monetary Fund, Fed, Peterson Institute for International Economics, International Monetary Fund, University of California, Cornell University, U.S . White House Council, Economic, Biden, Bank of England, Trade Organization, Thomson Locations: , Wyoming, Ukraine, China, West, Washington . China, U.S, Berkeley, Japan, Nigeria, Russian, Europe
"The economy is a global economy, right? Yet Fed officials remain puzzled, and somewhat concerned, over conflicting signals in the incoming data. But gross domestic product is still expanding at a pace well above what Fed officials regard as the non-inflationary growth rate of around 1.8%. Difficulties in China, meanwhile, may drag down global growth the longer they fester. Its slowdown after a short-lived growth burst earlier this year could pinch Germany's exports and slow Europe's growth, for instance.
Persons: Jerome Powell, Christine Lagarde, Kazuo Ueda, Ann Saphir, JACKSON, Jackson, Pierre, Olivier Gourinchas, Loretta Mester, Mester, Lagarde, Biden, Nathan Sheets, Powell, Gourinchas, Howard Schneider, Dan Burns, Andrea Ricci Organizations: European Central Bank, Bank of Japan, Kansas City Federal, REUTERS, Federal, U.S, Monetary Fund, Cleveland Fed, Reuters, Citigroup, Consumer, Thomson Locations: Jackson Hole , Wyoming, U.S, , Wyoming, Brazil, Chile, China, Ukraine
TLCKody Brown's 18 children have grown up on "Sister Wives." Here's everything we know about the lives of Kody Brown's kids today, from their careers to their marital statuses and beyond. She expressed a love for fashion on "Sister Wives," and enrolled in UNLV in 2015, but dropped out in 2016. In a 2022 episode of "Sister Wives," Ysabel revealed just how close she and her mom were after her parents split up. Truely Brown, 13Truely Brown is Christine and Kody's youngest daughter and the first Brown child born after "Sister Wives" began filming.
Persons: Janelle, Christine, Robyn, Meri Brown, Garrison Brown, , Kody Brown, Kody, Logan Brown, Janelle Brown, He's, Brown, Logan, Michelle Petty, Aspyn Thompson, neé Brown, Christine Brown, Mitch Thompson, Aspyn, Thompson, Kendra Scott, Leon Brown, Instagram, Leon, Audrey Kriss, Madison Brush, Madison, Kody's, Caleb Brush, Maddie, Axel, Evangalynn, Evie, Josephine, Mykelti, Antonio, Tony, Padron, Avalon, Archer, Hunter Brown, Hunter, Audrey Hubert, She's, Paedon Brown, John Yates, Robert Garrison Brown, Garrison, Gabe, David Preston, Dayton, Robyn Brown, David Jessop, Meri, Paedon, Yates, Gabriel Brown, Gwendlyn Queiroz, Gwendlyn, Beatriz Queiroz, Aurora Brown, Ysabel Brown, Per, Ysabel, Breanna Brown, Breanna, Savanah Brown, Truely Brown, Truely, Solomon Brown, Ariella Brown Organizations: Service, American, University of Nevada, Las Vegas, UNLV, Loyola University, Entertainment, Air Force, Air Force Academy, Johns Hopkins University, Utah National Guard, National Guard, NBC, Police, LinkedIn, Northern Arizona University, YouTube, University of Utah, Madison Locations: Arizona, StartUpNV, Nevada, Utah, Salt Lake City , Utah, Las, Salt Lake City, Chicago, Avalon, Las Vegas, Flagstaff , Arizona, Rome, Italy, Dayton, Europe, North Carolina, Christine
“I’ve been following the activities of Wagner Group leaders. The improvised memorial predates Mr. Prigozhin’s death but has grown rapidly in recent days. Mr. Prigozhin, Alyona said, was unique in his generation in his ability and willingness to openly discuss the issues plaguing Russian society. “In our history, there was only one Lenin, one Stalin and one Prigozhin,” she said. “If someone else like Lenin, Stalin, or Prigozhin appears, we will consider ourselves lucky.”Milana Mazaeva contributed reporting from Washington.
Persons: , “ I’ve, Prigozhin, Putin, Wagner, Vladlen Tatarsky, Daria Dugina, Mr, Alyona, Lenin, Stalin, Milana Mazaeva Organizations: Wagner Group, Ministry of Defense Locations: St . Petersburg, Russian, Washington
Still, without the Kremlin’s clear imprimatur, the group’s operations risk falling apart. Even after the mutiny, Mr. Prigozhin, who handled the business side of the group, was flying to locations in Africa trying to reassure clients and continue operations. His travels came amid reports that the Russian Defense Ministry was trying to assert direct control over some of his foreign operations. But she suspected that future such operations might be more fractured. She said that going forward there could be “many different actors fulfilling these roles, rather than one monopoly.”
Persons: Putin, Prigozhin, Catrina, ” Ms, Doxsee Organizations: Central African, Russian Defense Ministry, Center for Strategic, International Studies Locations: St . Petersburg, Russia, Mali, Central African Republic, Libya, Africa, Moscow
He calls for a return of the Russian Empire, and has repeatedly denied the existence of a Ukrainian identity. Mr. Malofeyev has been cut off from most Western financial systems since 2014, when the Treasury Department and other international regulators accused him of financing Russian proxy forces inside Ukraine. Mr. Malofeyev, though, has continued to use his charity, the St. Basil the Great Foundation, to raise money for orphanages in the Russian-occupied Donbas and Zaporizhzhia regions. In an interview, Mr. Malofeyev said he did not know whether those orphanages hosted Ukrainian children who had been forcibly relocated, but said the resettlement effort had been unfairly demonized.
Persons: Konstantin Malofeyev, Malofeyev, Basil the Organizations: Hague, Treasury Department, Basil the Great Foundation Locations: Russian, Russia, Ukraine
It is not even certain that the decline in China's U.S. import share represents a true delinking, they said. Yet in the background, the researchers noted that China had "stepped up" its trade and investment activity with Vietnam and Mexico, as well as other countries. "The U.S. could well remain indirectly connected to China through its trade and global value chain links with these third-party countries," they argued. Prices for goods from some countries, moreover, were beginning to rise. Reporting by Howard Schneider; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Persons: JACKSON, deglobalization, Laura Alfaro, Davin Chor, Alfaro, Chor, What's, Howard Schneider, Paul Simao Organizations: Biden, Trump, Federal, Harvard Business School, Tuck School of Business, Dartmouth, Fed, Thomson Locations: , Wyoming, China, Ukraine, freefall, Jackson Hole , Wyoming, U.S, Vietnam, Mexico
"We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole Economic Policy Symposium. "It is the Fed’s job to bring inflation down to our 2% goal, and we will do so. The Fed has raised rates by 5.25 percentage points since March 2022, and inflation by the Fed's preferred gauge has moved down to 3.3% from its peak of 7% last summer. Although the decline was a "welcome development," Powell said, inflation "remains too high." Fed policymakers will also meet in November and December.
Persons: JACKSON, Jerome Powell, Powell, Jackson, Elizabeth Frantz, “ Powell, Michael Arone, Loretta Mester, Austan Goolsbee, Howard Schneider, Ann Saphir, Michael S, Lewis Krauskopf, Andrea Ricci Organizations: Federal, Federal Reserve Bank of Kansas City, Federal Reserve, Committee, REUTERS, Fed, State Street Global Advisors, Cleveland Fed, Chicago Fed, Derby, Thomson Locations: , Wyoming, U.S, Washington , U.S
The dollar index , which measures the U.S. currency against six rivals, rose 0.173% to 104.25, the highest since June 7. The index is up more than 2% in August and is set to snap its two-month losing streak. Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.20% to $0.641, while the New Zealand dollar fell 0.27% to $0.590.
Persons: Dado Ruvic, Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins, Tom Hopkins, I'd, Ankur Banerjee, Jacqueline Wong Organizations: REUTERS, Rights, U.S, Federal, Jackson, Federal Reserve, Philadelphia Fed, Boston Fed, BRI Wealth Management, Bank of Japan, New Zealand, Thomson Locations: U.S, Singapore, Japan's Tokyo, Tokyo
The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. "I think Powell’s main effort is going to be explaining to what degree you want to hold (interest rates) higher for longer in the current outlook." Investors in contracts tied to the Fed's benchmark interest rate currently expect the Fed to begin reducing the policy rate next year from the current level set between 5.25% and 5.5%. Fed officials in fact have begun discussing the possibility of rate cuts down the road, at least in the context of steadily falling inflation. If inflation does decline as expected, Fed officials including Powell have suggested rate reductions might be appropriate to maintain a roughly constant inflation-adjusted "real rate."
Persons: Jerome Powell, Jackson, Jim Urquhart, JACKSON, Antulio Bomfim, Powell, who've, isn't, Adam Posen, William English, Donald Kohn, Howard Schneider, Andrea Ricci Organizations: REUTERS, Federal, Kansas, Fed, Northern Trust, Bank of England's, Committee, Peterson Institute for International Economics, Yale School of Management, Brookings Institution, Thomson Locations: Teton, Jackson , Wyoming, U.S, , Wyoming, Washington
Dollar loiters at two-month peak ahead of Powell speech
  + stars: | 2023-08-25 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. The dollar index , which measures the U.S. currency against six rivals, rose 0.019% to 104.11, the highest since June 7. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.05% to $0.642, while the New Zealand dollar fell 0.02% to $0.592.
Persons: Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins —, Tom Hopkins, I'd Organizations: U.S, Federal, Jackson, Federal Reserve, Fed, Boston Fed, BRI Wealth Management, New Zealand Locations: U.S, Singapore
Stocks look "pretty pricey" and a recession is "right around the corner," Steve Hanke told Insider. Hanke sees inflation cooling, 10-year Treasury yields falling, and house prices staying afloat. As for the housing market, Hanke noted there's a shortage of homes for sale. Steve Hanke is professor of applied economics at Johns Hopkins University. "With lower inflation and a recession right around the corner, I anticipate that the 10-year yields will come down and the gap will close," Hanke said.
Persons: Steve Hanke, Johns Hopkins, Hanke, Portia Crowe, Ronald Reagan, Price, bode Organizations: Treasury, Service, Johns Hopkins University, Toronto Trust, Federal Locations: Wall, Silicon, Toronto Trust Argentina
Although his death has not been officially declared by the Russian authorities or confirmed by family members or business associates, President Vladimir V. Putin of Russia spoke of Mr. Prigozhin in the past tense on Thursday and offered condolences to the families of the crash’s 10 victims. And Pentagon officials for the first time openly said they believe that Mr. Prigozhin did not survive the crash, in which all on board were killed. Mr. Prigozhin had long leveraged a close relationship with the Kremlin to gain lucrative government construction and catering contracts, and he built up the paramilitary force, known as Wagner, in close cooperation with Russia’s military intelligence services. For years he kept a low public profile. Even as Wagner conducted operations on Moscow’s behalf in Syria and in several African countries, he denied any affiliation.
Persons: Yevgeny V, Vladimir V, Putin, Russia, Prigozhin, Wagner Organizations: Pentagon, Kremlin Locations: Ukraine, Africa, Russia, Syria
Just as the news broke on Wednesday of the presumed death of the mercenary chief Yevgeny V. Prigozhin, President Vladimir V. Putin of Russia was presiding over a televised World War II anniversary ceremony on a dark stage lit dramatically in red. He held a moment of silence, flanked by service members in dress uniforms, while a metronome’s beats sounded, like the slow ticking of a clock: Tock. The eerie split screen — the reported fiery demise of the man who launched an armed rebellion in June and the Russian president telegraphing the state’s military might — may have been coincidental. But it underscored the imagery of dominance and power that Mr. Putin, 18 months into his full-scale invasion of Ukraine, appears more determined than ever to project. His internet “troll farm” helped the Kremlin interfere in the 2016 American presidential election, while his mercenary empire helped Russia exert influence across Africa and the Middle East.
Persons: Yevgeny V, Prigozhin, Vladimir V, Putin, telegraphing Locations: Russia, Ukraine, Bakhmut, Africa
But in advance of this debate, I did go back and watch the 2015 Republican debate. michelle cottleOK. I’m going to jump in here with the message may be great, but the messenger was absolutely atrocious. But I thought it was really, really interesting. carlos lozadaNo, no, no, but no, here’s what — no, I mean, I’m not inclined to. And then, I’m going to put the interests of Americans first, which is just an America first riff.
Persons: lydia polgreen, ross douhat Bemusement, michelle cottle, polgreen Wow, ross douhat, lydia polgreen Carlos, carlos lozada Darkness, carlos lozada, Mike Pence, Lydia Polgreen, michelle cottle I’m Michelle Cottle, ross douhat I’m Ross Douthat, carlos lozada I’m Carlos Lozada, you’re, Vivek Ramaswamy, Ramaswamy, Ron DeSantis, Nikki Haley, Pence, carlos lozada That’s, Lydia, Prince, carlos lozada —, Tucker Carlson, Carlos, John Kasich, Scott Walker, Jeb Bush —, Ross, ross, It’s, he’s, Trump, lydia polgreen We’re, ross douhat Punditry, yammering, He’s, Michelle, that’s, — michelle cottle, she’s, She’s, lydia polgreen —, michelle cottle He’s, I’m, Obama, , Chris Christie, Marco Rubio, Haley, michelle cottle ChatGPT, carlos lozada ChatGPT, ross douhat We’ve, — carlos lozada There’s, Pudding Fingers, DeSantis, unquote, , it’s, Christie, Tim Scott —, hasn’t, carlos lozada DeSantis’s, George Soros, — carlos lozada —, I’ve, ross douhat Totally, Donald Trump, — ross, Chris Christie can’t, ross douhat Trump, Tim Scott, Vivek’s, carlos lozada He’ll, — ross douhat, Tucker, Jeffrey Epstein, polgreen, Epstein, Biden, lydia polgreen He’s, They’re, Asa —, carlos lozada It’s, michelle cottle That’s, michelle cottle Oh, we’re, you’re Donald Trump, carlos lozada Well, who’s, Mel Gibson, Anthony Hopkins, Caroline Alexander, — carlos lozada, michelle cottle Aw, ross douhat It’s, David Grann, MOO, we’ve, “ MOO, ” ross, , somebody’s, michelle cottle I’m Organizations: Indigo, Twitter, lydia polgreen From New York, Trump, Republican Party, Republican, Harvard, Ivy League, Fox, Fox News, Republican National Committee, Biden, Democratic, Trump Republican Party, Iowa Locations: United States of America, lydia polgreen From New, Trump, America, Washington, UN, New Hampshire, Ukraine, Iowa, Florida, Panama, China, Milwaukee, Lydia, There’s
India has become the first nation to land a robotic mission to the crucial south pole of the Moon. AdvertisementAdvertisementSmall spacecraft, small costsIndian spacecraft Chandrayaan-3, the word for "moon craft" in Sanskrit, travels after it was launched from the Satish Dhawan Space Centre in Sriharikota, India. Aijaz Rahi/AP PhotoIndia's main strategy for being frugal on the moon seems to be that it kept the spacecraft small. NASA/JSCThis wasn't India's first attempt to land on the moon's south pole. It aimed to make a soft landing on the south pole of the moon, where nobody had succeeded yet.
Persons: NASA's, Elon Musk, Aijaz, That's, Satish, Robert Braun, Andrew Coates, Anatoly Zak, They've, Braun, Russia's Luna Organizations: Service, Hollywood, ISRO, SpaceX, Twitter, Indian Space Research Organization, New York Times, NASA, Space, Chandrayaan, Space Exploration, Johns Hopkins Applied Physics Laboratory, MAVEN, BBC, Planetary Society, JSC Locations: Wall, Silicon, India, Bengaluru, Sriharikota, Soviet Union
The plane that listed Mr. Prigozhin as a passenger left Moscow’s Sheremetyevo airport on Wednesday at about 6 p.m. local time, bound for St. Petersburg. The paint and a partial registration number, RA-02795, visible on the aircraft match a jet that Mr. Prigozhin is known to use. Was Mr. Prigozhin killed? American officials said they could not confirm Mr. Prigozhin had been killed in the plane crash, or why the jet went down. Emerging from jail as the Soviet Union was collapsing, Mr. Prigozhin began his post-criminal career selling hot dogs on street corners in St. Petersburg, Russia.
Persons: Yevgeny V, Russian Wagner, Prigozhin, Prighozin, Dmitri Utkin, Wagner, Vladimir V, Putin, Mr, , Prighozhin, Putin’s Organizations: RIA Novosti, Embraer, Russian, Kremlin, Central African Locations: Russian, Moscow, Sheremetyevo, St . Petersburg, Kuzhenkino, Tver, Western, Kremlin, Russia, South Africa, Ukraine, Soviet Union, Bakhmut, Syria, Libya, Mali, Central African Republic, Belarus
Rachel Bell is a physical therapist who started pet sitting on Rover, a pet-care platform, in 2021. Bell and her wife board pets in their home and fulfill the duties around their work schedules. Pet sitting has been an eye-opener for me. I'd follow up with customers asking for reviewsAfter I did pet sitting for the first few customers, I followed up, asking them whether they could leave a review. I'd work about 8 a.m. to 4 p.m. in the hospital and then check on the pets at home afterward.
Persons: Rachel Bell, Bell, I've, Mariane, I'd, we've, it's, We've Organizations: Rover, Washington , DC Locations: Washington ,
Independence Day in Ukraine commemorates the country’s 1991 break from the Soviet Union, but also increasingly serves as a rallying point for Ukrainians to assert their identity and aspirations. Ukraine declared independence on Aug. 24, 1991, a few days after communist hard-liners tried to depose the Soviet leader Mikhail Gorbachev and reverse his efforts to liberalize the Soviet Union. Celebrations of Independence Day have often featured military parades and festive crowds wearing vyshyvankas, the traditional Ukrainian embroidered shirts. But Mr. Szporluk, the historian, said that Ukrainians see Independence Day not so much as a day of remembrance as one to reassert their commitment to democracy and sovereignty. On Wednesday, Mr. Zelensky took part in a ceremony on the occasion of the Day of the National Flag, which precedes Independence Day.
Persons: , , ” Vitali Klitschko, , Roman Szporluk, Volodymyr Zelensky, Mikhail Gorbachev, Lenin, Szporluk, Mr, Zelensky Organizations: Harvard Locations: Ukraine, Kyiv, Russia, Soviet Union, Europe, Moscow, , Independence, Russian, Ukrainian
Pulse oximeter readings are used routinely and help inform doctors in shaping medical care for any number of illnesses, including heart failure, sleep apnea and respiratory conditions. If the readings are falsely high, patients may look fine on paper — but they may not get the level of care they need. Black patients were found to be nearly 50 percent more likely than white patients to have their condition go undetected. Hispanic patients were 18 percent more likely than white patients to have an unrecognized need. Patients with unrecognized needs, regardless of race, experienced delays of roughly an hour that translated into a 10 percent higher risk of delayed Covid treatment.
Persons: , , Ashraf Fawzy, Johns Hopkins, Fawzy Organizations: Drug Administration
Independence Day in Ukraine commemorates the country’s 1991 break from the Soviet Union, but also increasingly serves as a rallying point for Ukrainians to assert their identity and aspirations. Ukraine declared independence on Aug. 24, 1991, a few days after communist hard-liners tried to depose the Soviet leader Mikhail Gorbachev and reverse his efforts to liberalize the Soviet Union. Celebrations of Independence Day have often featured military parades and festive crowds wearing vyshyvankas, the traditional Ukrainian embroidered shirts. But Mr. Szporluk, the historian, said that Ukrainians see Independence Day not so much as a day of remembrance as one to reassert their commitment to democracy and sovereignty. On Wednesday, Mr. Zelensky took part in a ceremony on the occasion of the Day of the National Flag, which precedes Independence Day.
Persons: , , ” Vitali Klitschko, , Roman Szporluk, Volodymyr Zelensky, Mikhail Gorbachev, Lenin, Szporluk, Mr, Zelensky Organizations: Harvard Locations: Ukraine, Kyiv, Russia, Soviet Union, Europe, Moscow, , Independence, Russian, Ukrainian
Nonprofit hospitals like Allina get massive tax breaks in exchange for providing care for the poorest, most vulnerable people in their communities. Allina Health owns 13 hospitals and more than 90 clinics in Minnesota and Wisconsin. Its nonprofit status enabled Allina to avoid roughly $266 million in state, local and federal taxes in 2020, according to the Lown Institute, a think tank that studies health care. But the federal rules are silent on how poor patients need to be to qualify for free care. “The industry needs to tell people they might be eligible for charity care,” Mr. Ellison said.
Persons: Allina, Ge Bai, Mr, Ellison, Organizations: The Times, Allina Health, Lown Institute, Internal Revenue Service, Johns Hopkins Bloomberg School of Public Health Locations: Minnesota, Wisconsin
Even as inflation has slowed from last summer's 40-year highs, Fed officials have been reluctant to declare their job finished until there are clearer signs the economy is slowing. If, as some argue, the interest rate that neither stimulates nor restrains the economy has shifted higher, it means Fed policy is putting less pressure on the economy than expected. Partly to let its policies play out, the Fed is widely expected to leave interest rates on hold at its Sept. 19-20 meeting. Will the bulk of policymakers feel higher rates will be needed to finish the job? "I do expect some rise in unemployment will be required to get underlying inflation into a zone where the Fed is comfortable."
Persons: Chris Albrecht, what's, Thomas Barkin, Barkin, Charles Evans, Richard Clarida, Howard Schneider, Dan Burns, Paul Simao Organizations: Caesars, Richmond Fed, Reuters, Fed, Chicago Fed, Workers, U.S, Thomson Locations: DANVILLE, Virginia, Danville , Virginia, Caesars Virginia, Danville, U.S, Jackson Hole , Wyoming
The feat comes just days after Russia crash-landed there, and four years after India's first attempt crashed into the lunar south pole. AdvertisementAdvertisementIt was the country's first bid at the lunar south pole, which is especially valuable space real estate because of its frozen-water reserves. Both the US and China also hope to land on the lunar south pole before the end of the decade. AdvertisementAdvertisementThe lunar south pole is uniquely hazardousThe very thing that makes the moon's south pole so desirable — the permanently shadowed regions that harbor water ice — also makes it more difficult to land on. AdvertisementAdvertisementAlso, nobody has ever been to the moon's south pole.
Persons: India's, Robert Braun, Braun, It's, Luna, Kailasavadivoo Sivan, Aijaz, it's, you've, Rajanish, landers Organizations: Service, Space Exploration, Johns Hopkins Applied Physics Laboratory, NASA, Vostochny, Space Corporation, AP, European Space Agency, Space Research Organization, ISRO, India, Soviet Union, Operation, India's Bharatiya Janata Party Locations: Wall, Silicon, Russia, India, Russia's Far, Soviet Union, China, Europe, Ukraine, Bangalore, Mumbai
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