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Space Discovery: Astronomers watch a smart supermassive black hole in real time

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Astronomers are witnessing a spectacle never before seen in the cosmos: the awakening of a supermassive black hole at the center of a distant galaxy. In late 2019, a team of astronomers spotted an unusual galaxy called SDSS1335+0728, 300 million light-years away in the constellation Virgo. A sudden bump in the galaxy’s brightness was automatically … Read more

Fearing losses, banks are quietly throwing away real estate loans

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Some Wall Street banks, worried that owners of vacant and struggling office buildings won’t be able to pay their mortgages, have begun offloading their commercial real estate loan portfolios, hoping to cut their losses. It’s an early sign, but indicative of broader distress in the commercial real estate market, which is hurting from the twin … Read more