| Wild Card -- Weekend
Only 3 more days until we get after it again in the new year. I hope you're enjoying yourselves as 2005 comes to an end. If you have some thoughts on the old year or resolutions for the new one, you can post it here. Or start your own thread. Or wait until Tuesday ... .
Fitch Rates Alaska HFC $80.9MM Home Mtge Revs 2008 A 'AA+'
A bonds is affirmed. The current offering is the tenth series of bonds issued under a master trust indenture dated May 1, 2002 that pledges mortgage revenues, investment earnings, reserves and other funds to the bonds. The bonds' 'AA+' rating reflects the amounts on deposit in funds and accounts including a loan loss fund held under the indenture, the strong credit quality of the expected underlying collateral and related credit enhancements, the adequacy of projected pledged revenues to pay debt service, and the strong management capabilities and financial strength of AHFC. Credit concerns include the geographic concentration of the loan portfolio and vulnerability of the state's real estate market to the limited, oil-dependent economy. Additionally, the bonds are general obligations (rated 'AA+') of the corporation.
DeNaples' priest had deep debt
On a take-home pay of $880 a month, the Rev. Joseph Sica amassed debts of $218,000.
And he owed the vast bulk of the money -- $148,000 -- to a bank headed by his friend, Louis DeNaples, owner of Mount Airy Casino Resort.
How Sica qualified for credit cards, auto and personal loans on a Roman Catholic priest's income, and what he spent all the money on, are mysteries unaddressed by the bankruptcy court papers that document his financial hole.
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Which of the Republican candidates for the presidency is most likely to get "Soutered?" To nominate for the Supreme Court, not an originalist, but in fact the opposite. Those vulnerable to being Soutered lack an ear for or an interest in the inner ideology that all lower court judges keep carefully tucked away until they arrive on the Supreme Court of the United States where it is allowed to take full flight. It is hard work to get SCOTUS nominees right. Even when a president cares about the Court and the Constitution's interpretation by the nine deeply, he can still be flummoxed by the process. If he isn't passionate about it going in, it won't spring up in the course of his busy life in the Oval Office. The first President Bush narrowed a field of Supreme Court candidates to Judge Edith Jones and then New Hampshire Supreme Court Justice David Souter.
Gandhi grandson quits peace group
Arun Gandhi, the fifth grandson of the revered pacifist, said Friday the board of the M.K. Gandhi Institute for Nonviolence based at the University of Rochester had accepted his offer Thursday to step down as president. Gandhi was on a panel of scholars, writers and clergy who discuss a new topic weekly on the Washington Post's ''On Faith'' page and his comments, posted Jan. 7, drew a torrent of criticism. He wrote that Jewish identity ''has been locked into the holocaust experience -- a German burden that the Jews have not been able to shed. It is a very good example of [how] a community can overplay a historic experience to the point that it begins to repulse friends." Describing Israel as ''a nation that believes its survival can only be ensured by weapons and bombs,'' Gandhi asked whether it would ''not be better to befriend those who hate you?'' ''Apparently, in the modern world so determined to live by the bomb, this is an alien concept,'' he wrote.
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