I would point out that based on the orbit of this rock, that it will be a regular recurring threat.Good point. 38 close passes over a 50 year period -- assuming of course it doesn't hit the Earth on one of the earlier passes. ;') Regardless, this should revitalize the US space program. I mean, who else has the resources to save the Earth from this? :'D
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A more poignant observation is that there is a hell of a lot of rocks of this size that we haven't even noticed yet and we've only started looking. The rock in question is US State size obliterating event. Not a showstopper for life as we know it, but a serious inconvenience for anyone who catches a piece of it.
Several have suggested, and of course I have renewed my own long-standing proposal, to capture this asteroid and do something useful with the material.