2:58pm

Fri December 16, 2011
Law

SEC Sues Former Freddie, Fannie Executives

Originally published on Fri December 16, 2011 3:24 pm

Transcript

RENEE MONTAGNE, HOST:

In federal court in New York this morning, the Securities and Exchange Commission charged six top executives of Fannie Mae and Freddie Mac with civil fraud. The SEC says the executives of the giant mortgage companies mislead investors about the amount of subprime loans their companies held during the housing bust. NPR's John Ydstie reports.

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2:49pm

Fri December 16, 2011
The Two-Way

Slugger Barry Bonds Sentenced To One Month House Arrest

Baseball slugger Barry Bonds will serve 30 days in house arrest for his obstruction of justice conviction back in April.

The San Francisco Chronicle reports:

"Bonds sat stoically as U.S. District Judge Susan Illston told baseball's home run king that he had avoided prison but must spend one month in his two-acre Beverly Hills estate, two years on probation, serve 250 hours of community service and pay a $4,000 fine.

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2:40pm

Fri December 16, 2011
Education

College Education Out of Reach

In this editorial piece, Bob Lochte, chair of the Department of Journalism and Mass Communications at Murray State University, expresses his concerns about the cost of a college education in Kentucky. "Simply put, we are pricing a university education out of the reach of many Kentucky high school graduates at precisely the time more of them are well-prepared to earn Bachelor’s and higher degrees. If this is happening at a relatively low-cost university such as Murray State, the problem looms larger elsewhere. We must do something about this or run the risk of frustrating the aims of more than two decades of education reform," Lochte writes.

2:30pm

Fri December 16, 2011
The Record

Music In Holiday Concerts Thorny Subject For Public Schools

Originally published on Mon December 19, 2011 12:59 pm

A choir in Little Rock, Ark., performs.
dlewis33 istockphoto.com

Public school music teachers are heroes. They coach tiny fourth graders to play violins. The get 60 restless middle schoolers to play the same music at the same time. But their trickiest task of the year might be making selections for the winter concert.

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2:21pm

Fri December 16, 2011
The Commonwealth

Police Target Those in Drug Roundup

John Furnish was led into the Jessamine County Detention Center Thursday morning. Furnish was arrested on drug trafficking charges.
Mike Moore/The Jessamine Journal

Several people throughout Jessamine County and parts of other counties woke up to law-enforcement officers ready to arrest them on drug trafficking charges Thursday morning. In all, 96 people are targeted in a drug roundup as Nicholasville police officers and Kentucky State Police troopers made their way around the area.

2:06pm

Fri December 16, 2011
The Commonwealth

Arson Suspected in School Bus Fire

A burned-out Pike County school bus sits in the Pike County Schools transportation lot in Pikeville after catching fire early Thursday morning. School district officials believe the fire was intentionally set.
Chris Anderson/Appalachian News-Express

Pike County Schools officials believe arson may be to blame for a Thursday morning fire which gutted a school bus at Turkey Creek. Pike Schools Superintendent Roger Wagner said the bus, number 0369, was parked in its normal overnight space near the bus driver’s residence when a fire broke out inside the vehicle at about 6 a.m. Thursday. The bus was unoccupied at the time of the fire and no one was injured in the blaze, Wagner said, adding that he believes the fire was no accident.

1:29pm

Fri December 16, 2011
The Commonwealth

Dollar General Distribution Center Adds Jobs

Dollar General will add 100 new jobs at its distribution center in Scottsville, bringing total employment for the center to more than 650. The company announced the new jobs Thursday and has been recruiting for the positions. The Scottsville distribution center supplies goods for Dollar Generals in Kentucky and parts of Tennessee and Alabama.

1:27pm

Fri December 16, 2011
State Capitol

Bank Forecloses on State Office Buildings

The Fair Oaks office buildings are off Wilkinson Boulevard in Frankfort.
Tricia Spaulding/The State-Journal

State government will be paying rent to U.S. Bank this year after the bank foreclosed on three office buildings in Frankfort. The buildings, near Buffalo Trace distillery, house offices for state agencies, including the Department of Revenue, Division of Air Quality, Division of Water and Department of Public Advocacy. The bank took action against the buildings’ Floirida-based owners in 2010 after the companies defaulted on a $31 million loan from 2005 to buy the office buildings.

1:27pm

Fri December 16, 2011
The Two-Way

Citing Eurozone Crisis, Fitch Threatens Downgrade Of 6 EU Countries

Originally published on Fri December 16, 2011 1:29 pm

Fitch ratings agency, one of the big three, said today that it was considering downgrading the credit ratings of six Euro-zone countries. Italy, Spain, Ireland, Belgium, Slovenia and Cyprus could see their their rating cut by one or two notches.

The AP reports:

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1:17pm

Fri December 16, 2011
The Commonwealth

Blood Drive to Support Injured Hunter

Kinney Noe has used 42 pints of blood in the fight for his life. During his first surgery at the UK Chandler Medical Center alone, doctors transfused 32 units to keep him alive. “That means that there’s 42 people who had to go in and give blood to give what he needed,” daughter Kindra Witak said. “Had those people not given blood, he would have died the first day.” But Kinney Noe has now survived longer than a month since falling from a tree stand onto a limb that impaled him, damaging his liver, lungs and diaphragm Nov. 13.

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