New Mexico's securities regulator says in a new report the New Mexico Finance Authority's former controller was able to forge a financial audit because of management and oversight failures at the agency.
The Securities Division said Monday those problems were aggravated by a "culture of complacency" at the authority that played down the importance of the audit to investors and placed too much of an emphasis on obtaining high credit ratings for agency bonds.
Former authority CEO Rick May disputed the report's conclusions.
Originally published on Wed December 5, 2012 7:02 am
A campaign to raise awareness about the struggles of low-income Americans who depend on food stamps gets a high-profile plug today as Mayor Cory Booker of Newark, N.J., begins a week of living on $30 worth of food.
Throughout his first term, some of President Obama's critics said he wasn't a tough enough negotiator. They felt he caved to Republicans too early, too often. Since his re-election, Obama has subtly changed his approach. He's bringing a more aggressive style — but some critics say it's not the best way to find common ground.
Good morning. I'm Renee Montagne. It's finals week for many college students. And to keep the blood pressure down, one Canadian university opened a puppy room for students. It's full of borrowed therapy dogs to cuddle. Therapy animals are a proven stress reliever. The students who organized the puppy room at Dalhousie University say the idea has gone viral. Come to think of it, sharing the puppy story on social media sites might itself be therapeutic. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning. I'm David Greene. Next time you're in France be sure to mind your manners. The mayor of a small town near Paris has introduced new rules on politeness. Anyone who fails to say hello or thank you to staff at the town hall will be asked to leave. A recent poll did find that 60 percent of French list bad manners as their number one cause of stress, so maybe he's on to something. Well, excusez-moi and hello and thank you so much for listening to MORNING EDITION. Transcript provided by NPR, Copyright NPR.
There is a lot of speculation now about what issues - big and small - the Obama administration should tackle in its second term. Education is one thing on many of those lists, and in Washington yesterday, the talk was about one of the hottest trends in the field - something called MOOCS. MOOCS is short for Massive Open Online Courses; college courses, to be exact.
"A highly cautious, bureaucratic process that had the effect of watering down the U.S.'s own intelligence" led to the controversial "talking points" that U.N. Ambassador Susan Rice used when she spoke about the Sept. 11 attack on the U.S. mission in Benghazi, Libya, The Wall Street Journal reports this morning.
State economists estimate nearly $500 million is available to finance capital improvement projects across New Mexico.
The Legislative Finance Committee was told Monday the state can issue bonds backed by severance taxes to provide about $222 million for new capital projects, which will be determined by the Legislature and Gov. Susana Martinez next year when lawmakers meet in a 60-day legislative session.
State law earmarks about $175 million in bond financing for public school improvements and $33 million must go for water projects.
The Internet is forever — and so are texts, tweets and Facebook updates — but a startup has big ambitions to bring privacy and impermanence to online communication. The company, called Wickr, lets users decide how long a message lives.
The people behind Wickr found inspiration in 1960s-era TV and messages that self-destructed. "I think everybody who's watched Mission Impossible has always wanted self-destructing messages," says co-founder Nico Sell.