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New Asteroid Mining Company Emerges 148

coondoggie writes "A new company intends by 2015 to send a fleet of tiny satellites to mine passing asteroids for high-value metals. Deep Space Industries Inc.'s asteroid mining proposal begins in 2015, when the company plans to send out a squadron of 55lb cubesats, called Fireflies, that will explore near-Earth space for two to six months looking for target asteroids. The company's CEO said, 'Using resources harvested in space is the only way to afford permanent space development. More than 900 new asteroids that pass near Earth are discovered every year. They can be like the Iron Range of Minnesota was for the Detroit car industry last century — a key resource located near where it was needed. In this case, metals and fuel from asteroids can expand the in-space industries of this century. That is our strategy.'"
The Military

US Military Eyes the Glow of Fireflies 98

GarryFre writes "According to the AP: 'Someday, the secrets of fireflies or glowing sea plankton could save an American soldier in battle, a Navy SEAL on a dive, or a military pilot landing after a mission. That's the hope behind a growing field of military-sponsored research into bioluminescence, a phenomenon that's under the microscope in laboratories around the country. This phenomenon is noteworthy because this produces light without wasting energy because it does not generate any heat. A possible military use of bio-luminescence would be creating biodegradable landing zone markers that helicopters can spot even as wind from their rotors kicks up dirt.'"

What this country needs is a dime that will buy a good five-cent bagel.