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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. “We have confir

Gorgosaurus dinosaur skeletons will be auctioned for the first time and are expected to sell for between $5 million and $8 million. Sotheby’s auction house will place a specimen 3m high and 6.7m long under the hammer* in New York on 28 July. Sotheby’s described the skeleton as “one of the most valuable dinosaurs ever to appear on the market”. Gorgosaurus roamed the earth about 77 million years ago. A typical adult weighed about two tons, slightly smaller than its more famous relative, Tyrannosaurus rex. Paleontologists* say it’s fiercer and faster than the T-rex, with a stronger bite of about 42,000 newtons* compared to the T-rex’s 35,000 newton. The skeleton was found in the Judith River Formation near Havre, in the US state of Montana in 2018. The sale will mark the first time Sotheby’s has auctioned a complete dinosaur skeleton since selling Sue the T-rex in 1997 for $8.36 million. “All the other Gorgosaurus specimens that have been found are in the museum,” said Sotheby’s head of

However, last week’s full-year guidance range had a midpoint of just $14 million – no higher than its semiannual figure. It’s a big year-over-year decline, but investor updates emphasize that flagship brand Sukin is still increasing sales by 24 percent to hit a three-year high. Sukin is thus unlikely to be a problem child. As such, Go-To may not yet achieve the $19 million revenue in financial year 2022 previously estimated in internal documents. The downgrade created some pressing problems for BWX’s balance sheet, and the $23 million upgrade felt rushed. While 50 percent discounts are not uncommon on Sukin products, their extension to the parent company’s share price is worrying. The stock was lowered by just 60¢ – no more than the price paid for the first half of the Go-To. Given that BWX paid dividends of about $4 million a year ago when its stock price was $5.31, this is an unfortunate “sell low, buy high” cash management strategy. But, the wealth meltdown for BWX shareholders m

Australian mortgage holders already battling the cost of living crisis should seek an additional $434 before Christmas on forecasts of further rate hikes. The Reserve Bank of Australia this week raised interest rates by 0.5 percent, the third straight increase. Check out the full story in the video above Watch the latest News on Channel 7 or stream for free on 7plus >> This brings the official cash rate to 1.35 percent, with warnings of more gains on the horizon. Australia’s biggest lender, Commonwealth Bank, predicts another 0.75 percent increase over the rest of the year. Australia’s biggest lender, Commonwealth Bank, expects another 0.75 percent increase over the rest of the year. Credit: PICTURE CommSec Chief Economist Craig James said it would come in three separate gains of 0.25 percent. “Reserve Bank has not finished raising interest rates,” he said. “We can expect further rate hikes in the coming months. This is the most aggressive a Reserve Bank has ever done – we’

Rapid bursts of radio waves from millions to billions of light-years away can be used as probes to study the halos of the hard-to-see hazy gas that surrounds closer galaxies. These pulses, known as fast radio bursts (FRBs), slow down as they transit through the gas shrouding the galaxy between their source and Earth. This has the added consequence of their radio frequency scattering. Using this to investigate the galaxy’s gaseous halo, researchers from the California Institute of Technology (Caltech) found twice as much matter as previously believed in the envelope surrounding the galaxy. This has implications for how this collection of stars and planets evolves over long periods of time. Astronomers looked at a sample of 474 distant FRBs with the Canadian Hydrogen Intensity Mapping Experiment (CHIME) which confirmed that the 24 FRBs intercepted by the galactic halo did indeed slow down compared to the others that traveled to Earth unimpeded. Thus, this effect can be used to investi