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General Growth owes billions of dollars to Citigroup (C), Deustsche Bank (DB), and Goldman Sachs (GS). It is very likely that every large money center bank and investment house has loaned money to commercial property owners because not so long ago the value of these assets was rising sharply every year...
...highly-classified EXACTO program began a year ago, when the U.S. military's band of scientists and engineers at the Defense Advanced Research Projects Agency (DARPA) - which played a key role in the creation of both the Internet and GPS - let the military-industrial complex know it was seeking a supergun. "The ability to more accurately prosecute targets at significantly longer range would provide a dramatic new capability to the U.S. military," DARPA'S solicitation for bids said. "The use of an actively controlled bullet will make it possible to counter environmental effects such as crosswinds and air density...
...These 21st century American Standards should be comparable to, and benchmarked against, the standards of other countries so that we can determine how globally competitive our nation's economy will be in the future. Forty years ago, the U.S. had the best graduation rates in the world. Now it ranks 18th. In math scores on international tests, the U.S. ranks 25th; in reading, 15th. As Obama said in his speech to Congress a few weeks ago, "This is a prescription for economic decline, because we know the countries that outteach us today will outcompete us tomorrow." We can already...
...priest-meets-girl drama that's now a President-admits-baby scandal. According to a paternity suit filed in Paraguay last week, Fernando Lugo was 48 years old when, a decade ago, he began an amorous relationship with a 16-year-old girl, Viviana Carrillo, in the impoverished San Pedro province. At the time Lugo was a Roman Catholic bishop - and Carrillo was preparing for the sacrament of confirmation. Lugo denies that the affair began when Carrillo was a minor. But she says she was "seduced by the way he talked, his pretty words, his beautiful expressions," according...
Lugo did eventually resign as bishop of San Pedro - but just months before leaving the priesthood, he conceived a child with Carrillo in 2006, when she was 24. (The boy, Guillermo, turns 2 next month.) A year ago Lugo was elected President of Paraguay. Now, in response to the lawsuit, Lugo has come clean about the affair. "Here and now, before people and my conscience, I declare with absolute honesty and a sense of duty and transparency," the President said on Monday, "that there was a relationship with Viviana Carrillo." He added, "I assume all responsibilities, and I recognize that...