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If liberty means anything at all it means the right to tell people what they do not want to hear. — George Orwell

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SCIENCE Briefing

Astronomers Shed Light on Quaoar's Astonishing Ring System

ESA

Astronomers using ESA's Cheops space telescope discovered a ring system around Quaoar, a distant dwarf planet orbiting beyond Neptune, at a surprising location far outside the body's Roche limit. The Roche limit marks the boundary within which tidal forces should keep material from clumping into a moon, so finding a dense ring well past it, at roughly 7.5 times Quaoar's radius, overturns long held assumptions.

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Astronomers Shed Light on Quaoar's Astonishing Ring System
Briefing INDUSTRY

Private Equity's Clock is Ticking, Warns Verdad Advisers

CNBC

Research firm Verdad Advisers published an analysis in 2023 warning that a cohort of highly leveraged private equity portfolio companies face a reckoning as debt assumptions built on near-zero interest rates collide with a substantially higher-rate environment. The firm found that the median analyzed PE-backed company carried leverage ratios nearly five times higher than comparable S&P 500 companies, with interest costs consuming 43% of EBITDA and the majority of companies operating at a cash flow loss.

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