Spanish newspaper El Mundo, explained, "Unfortunately for the advocates of 'I want to believe' what they saw on the 11.00 (New York time) were not UFOs, but dozens of yellow balloons that the City of Madrid had dropped in Times Square in a campaign to promote tourism on the Gran Via, which this year celebrates one hundred years."

A Westchester elementary school class also came forward Thursday claiming the balloons were from an engagement party the children held for their language arts teacher Andrea Craparo. A parent was walking to the Milestone School in Mount Vernon when the wind took away a bunch of white balloons intended for Craparo.

Now we have various balloon factions scrambling to take credit for the UFO sighting over New York.   To read the complete article, click here.