S&P Downgrades Dozens of Global Banks

By Dunstan Prial, FOXBusiness.com Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC). The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks. Citigroup, Goldman Sachs [...]

NASA Downgrades Condition Code of Asteroid YU55 – Unsure of Trajectory

The Intel Hub Shepard Ambellas November 5, 2011 NASA tracks and has been tracking all near earth objects (NEO’s) and the data is reflected on NASA’s Jet Propulsion Lab’s (JPL’s) website. What is interesting is the NEO object designated  2005 YU55 has now has had a change in the  ”condition code” in JPL’s data. Condition [...]

IMF sharply downgrades outlook for U.S., Europe

By Christopher S. Rugabe, AP – Yahoo News WASHINGTON — The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year. The [...]