Monday, August 8, 2011

What's in The News Today

Drug smugglers were caught during a surfing competition in Huntington Beach, California. A mile away from the massive crowds were lines were forming to watch the surfing competition, life guards spotted a suspicious boat. The small vessel was spotted at 8:30 a.m. and when they became aware that they were being watched they headed for the sea and started throwing packages overboard. All three men were caught and arrested by U.S. border Patrol.

myFoxla.com (August 8, 2011). Suspected Smugglers Nearly California Surf Contest. Retrieved August 8, 2011, from http://www.myfoxla.com/dpps/news/suspected-smugglers-nearly-interrupt-california-surf-contest-dpgonc-20110808-fc_14479537

United States credit rating dropped and what does that really mean? This could cause investors  not to buy from the U.S. It can also cause a domino affect, which will increase interest rates on students loan, car loans and mortgages.  John Chambers, the head of sovereign ratings at S&P stated "once you loose AAA credit rating it is hard to bounce back.

CNN. (August 6, 2011).  Questions abound after agency downgrades U.S. credit rating. Retrieved August 8, 2011, from  http://www.cnn.com/2011/BUSINESS/08/06/global.economy.cnn/

A man dies during the New York City Nautical Triathlon. The man was 64-years-old and died during the swimming portion of the competition. The man was treated and than transported to Roosevelt Hospital were he died. A female also suffered  from a medical problem during the swim competition she was treated and transported to the same hospital where she is in critical condition. The Triathlon consisted of Olympic distance race, 1,500-meter swim, 40-kilometer bike ride and a 10-kilometer run.

CNN U.S. (August 8, 2011). Man dies during triathlon in New York. Retireved August 8, 2011, from
http://www.cnn.com/2011/US/08/07/ny.triathlon.death/index.html?hpt=hp_t2

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