The mortgage giant Fannie Mae announced today that it made $2.7 billion during the first quarter of 2012. For the first time since the beginning of the financial crisis, Fannie Mae will not ask the federal government for bailout funds.
CNN reports the company will pay a dividend to the Treasury Department. CNN adds:
Now, we want to turn to a high school competition that is taking off this weekend, and no, we are not talking football or cheerleading. This is the finals of the nation's largest rocketry tournament. One hundred teens will gather for the Team America Rocketry Challenge this weekend in Washington, D.C.
I'm Michel Martin, and this is TELL ME MORE, from NPR News. Coming up, as a child, did you ever build a rocket? Well, how about one that can take two raw eggs 800 feet up and bring them back safely again? That's exactly what students from Memphis' Wooddale High School managed to do, and now they're competing in a national competition this weekend. We'll hear their inspiring story in just a few minutes.
I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, there's a new report from a top U.N. official that looks at living conditions of Native Americans in this country. We'll hear from that official in just a few minutes. But first we turn to domestic politics. The general election is still months away but on Tuesday voters around the country cast ballots that could have a national impact.
A well known on-line retailer is expanding its central Kentucky operations by hiring more than eleven hundred people. Clark County will feel the most direct impact. Amazon-dot-com will open a 70 thousand square foot customer service center in Winchester. The 20 million dollar investment is expected to create over 500 full time jobs and another 600 seasonal positions. Winchester Mayor Ed Burtner says his town is ideally located and offers a seasoned workforce.
Imam Feisal Abdul Rauf, a leading moderate Muslim leader in the U.S., was once the lead cleric associated with the proposed Islamic community center some critics called the "ground zero mosque." In late 2010, a debate over the location of the community center, now called the Cordoba House, became a contentious issue during the midterm elections.
During the debate, Rauf was called a "radical Muslim" and a "militant Islamist" by critics of the proposed community center. He was accused of sympathizing with the Sept. 11 hijackers and having connections to Hamas.
One of the state's Medicaid managed-care companies has told Baptist Healthcare System that it wants to renegotiate its contract with the chain, which has hospitals in Lexington, Louisville, La Grange, Paducah and Corbin. Coventry Cares notified Baptist Healthcare System on Friday that it wanted to renegotiate, said Ruth Ann Childers, a spokeswoman for Baptist. If an agreement cannot be reached by Nov. 1, when the current contract expires, Coventry has told the health care system that it would allow the contract to expire, Childers said.
The University of Kentucky Board of Trustees approved a 6 percent tuition increase for the upcoming academic year on Tuesday, bringing the total cost of tuition, fees and housing for in-state undergraduates to $16,518 a year. The increase got push-back from some trustees, who said they worry about the long-term escalation of tuition costs and its effects on Kentucky families. In the past 10 years, UK tuition has increased 147 percent.
There will be no cuts in city personnel who staff Lexington’s ambulances. Urban County Council member Doug Martin proposed a reduction in the number of emergency care responders in each ambulance from three to two. Then, Martin says the city could increase the number of ambulances.