Edward Kennedy, 77, loses cancer battle
Senator Edward M. Kennedy, of Massachusetts, passed away Tuesday evening, on Aug. 25th. Kennedy, 77, had been battling brain cancer. He was an esteemed senator who has been referred to as a highly effective lawmaker in Senate history. He served 46 years in the senate, which was the third longest in Senate history.Kennedy’s death was announced in a statement from his family Wednesday morning.
Deficit outlook low: recession is cause
The fiscal outlook for the next ten years is worse than the government had previously expected. Budget offices working for the White House and Congress both agreed on Tuesday, Aug. 25 that the recession is the causing force. Deficits of $9.05 trillion have been projected by the Obama administration’s Office of Management and Budget throughout the year 2019. This amount is nearly $2 trillion more than was originally predicted.
31 Killed In Afghan Attack
A reported amount of 31 people were killed by an attack on Afghan city. 59 people were also injured after a car bomb went off in Kandahar. No groups have admitted involvement with the attacks. It is believed that the attacks were meant to target local government buildings and foreign aid agencies.
S. Korea Launches First Territorial Rocket
For the first time, South Korea launched its own territorial rocket. The rocket was crafted with the help of Russia. According to a South Korean official, however, the mission, failed to put a satellite on the orbit it was intended for. Ahn Myongman, the minister of education, science and technology, announced the satellite’s failure. Myongman gave no further details.
College Board releases SAT/Act statistics for 2009 college-bound seniors
2009 report released by the College Board, average SAT scores for reading and writing dropped one point. Math scores, however, remained steady. ACT score results were flat. Over 1.5 million high school seniors took the SAT. The group of college-bound seniors was the largest and most diverse to ever take the standardized test.
Well-Known New York investor charged with fundraising fraud
A prominent New York investor, Hassan Nemazee, has been arrested and charged with fundraising fraud. Nemazee, 59, has ties to President Obama and Hilary Rodham Clinton. He formally served as the national finance chairman for Clinton. Nemazee is accused of lying about assets to Citibank in order to receive a $74-million loan. He also gave numbers of Citibank and other financial institutions saying they would affirm his financial strength.