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Just as honey slowly drips from a spoon, parts of the rocky outermost layer of Earth’s shell have been continuously sinking into the more fluid layers of the planet’s mantle over millions of years. Known as lithospheric dripping – named for the fragmentation of the rocky material that makes up the Earth’s crust and upper mantle – this process results in significant deformation of the surface such as basins, crustal folds and irregular elevations. Although the process is a relatively new concept in the field of decades-old plate tectonics, several examples of lithospheric droplets around the world have been identified – the Central Anatolian Plateau in Turkey and the Great Basin in the western US, to name two. Now, a research team led by Earth scientists at the University of Toronto has confirmed that several areas of the central Andes Mountains in South America formed in a similar way. And they do so using materials available at hardware stores and art supply outlets...

The Australian stock market lost more than 1 percent of its value in early trade and Rio Tinto announced a weaker economic outlook from Russia’s invasion of Ukraine and China’s COVID-19 lockdown. Key points: The Dow Jones index fell 0.5% to 30,630, the S&P500 fell 0.3% to 3,791, while the Nasdaq Composite index was steady at 11,251. The FTSE 100 index fell 1.6 percent to 7,040, Germany’s DAX fell 1.9 percent to 12,520 and Paris’ CAC 40 fell 1.4 percent to 5,915. Australian stock market is down more than 1 percent in early trading, pulled in by big miners In the first half hour of trading, the All Ordinaries index was down 1.2 percent, or 89 points, to 6,764, and the ASX 200 index was down 1.3 percent, to 6,565. Sectors of interest to the market include miners, energy companies, banks and real estate. Big miners fell as iron ore prices plunged 4.8 percent to 104.96 dollars a tonne on recession fears. The Australian dollar fell to 67.42 US cents after surging ...

Home prices are expected to rebound within a year in Australia’s smaller capital as Sydney and Melbourne’s values ​​plunged into double digits. The Reserve Bank of Australia is widely expected to continue raising interest rates in 2022 and early 2023 to tackle worst inflation in two decades, with more pain expected in August. Simon Pressley, founder and managing director of buyer agency Propertyology, said this would likely cause home prices in Sydney and Melbourne to fall by as much as 15 per cent by the middle of next year. ‘The days of high tide that lift all ships are sure to end,’ he said. ‘Weaker fundamentals in Sydney and Melbourne could potentially result in a 10 to 15 per cent drop in house prices from January 2022 to June 2023.’ Mr Pressley said the 2022 downturn in Australia’s two largest cities had echoes of 2017, when banking regulators tightened rules on interest-only and investor-only lending. This time around, Sydney and Melbourn...

Neighbor spoilers to follow. Neighbor has revealed more details of the Izzy Hoyland return storyline. Natalie Bassingthwaighte has reprized her role as Izzy for the soap opera’s final episode, which aired this month. As we recently revealed, Izzy is back in Erinsborough with Karl and Susan Kennedy’s son Malcolm. Malcolm has separated from his wife Catherine and is now in a relationship with Izzy, much to the horror of Karl and Susan. Channel 5 Related: Neighbor hostage drama and characters return in 20 new spoiler pictures New spoilers for next week’s episode have now confirmed where the story is going after that. Susan remains convinced that Izzy must have a hidden agenda to get involved with Mal. Susan, Karl, and Toadie Rebecchi all keep an eye on Izzy to find out more, but they struggle to find evidence that he’s up to something. Later, Izzy reveals to Karl that she wants to make Mal’s dream come true – moving back to Erinsborough. Fremantle Channe...

Record gasoline prices cause stress for households and businesses. However, a drop in global oil prices doesn’t necessarily mean that the price you pay on bowser will drop immediately. “Over the last two weeks, we’ve actually seen oil prices drop by around $22 a barrel,” said Mark McKenzie, chief executive of the Australasian Convenience and Petroleum Marketers Association. Mark McKenzie represents gas station owners and thinks pump prices will drop in the coming weeks. ( ABC Illawarra: Sarah Moss ) “If that trend is maintained over the next few weeks and months, then we should really expect to see prices drop by a comparative margin.” Global prices for crude oil – which is then refined into gasoline and other products – have fallen about 15 percent in the past month. ( ABC News: Alistair Kroie ) However, the situation is complicated, with several factors — such as the invasion of Ukraine, refinery capacity, expensive pre-election promises, and a po...