| San Diego Mayor: City's credit rating could be restored by March
SAN DIEGO - If the fourth in a series of long-delayed audits of San Diego's finances is completed by the end of January as anticipated, the city should be able to restore its suspended credit rating and re-access the public bond markets by April, Mayor Jerry Sanders said today.Since March, San Diego has issued audits for 2003, 2004 and 2005. That was supposed to be enough for Standard & Poor's, one of the nation's three top credit reporting agencies, to reinstate San Diego's rating, which it suspended after disclosure that the city failed to accurately disclose to potential investors the condition of its finances. .
Astronauts Prepare For Shuttle Countdown Simulation
KENNEDY SPACE CENTER, Fla. -- Astronauts of Space Shuttle Atlantis were preparing Monday for Tuesday countdown simulation. The crew arrived at Kennedy Space Center over the weekend. They will spend Monday finishing up what's called the terminal countdown demonstration test. The crew will practice emergency escapes, inspect mission payloads and try on spacesuits. Atlantis is scheduled to launch on December 6. .
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Freddie Mac shares lost more than one-quarter of their value after reporting a net loss of $2 billion (968 million pounds), blaming falling home prices and tighter credit conditions for having increased the number of borrowers defaulting on their mortgages. It was the worst one-day percentage drop ever and pummelled the stock to an 11-year low. While the report was a blow to shareholders, it was also bad news for homeowners who need Freddie Mac’s lending resources, which have funded millions of mortgages under a congressional mandate since 1970. The company’s dwindling capital will crimp its ability to play its role fostering home ownership in a market already hit by lender pullbacks. In a briefing, Chief Executive Office Richard Syron offered little hope for a quick recovery and instead emphasized a need for fast action to bolster its finances.
Report: CSB and SJU Ranked No. 1 Nationally in Semester-Long Study Abroad Participation
The College of Saint Benedict and Saint John's University are ranked No. 1 nationally among baccalaureate institutions because of the high number of their students who take part in semester-long study abroad programs, according to the annual report on international education, Open Doors 2007, published by the Institute of International Education (IIE) and released Monday, Nov. 12. (Vocus/PRWEB ) November 12, 2007 -- The College of Saint Benedict and Saint John's University are ranked No. 1 nationally among baccalaureate institutions because of the high number of their students who take part in semester-long study abroad programs, according to the annual report on international education, Open Doors 2007, published by the Institute of International Education (IIE) and released Monday, Nov.
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