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:
Reggae royalty Jimmy Cliff kicked off the 34th annual Celebrate Brooklyn performance arts festival on June 5 with a 90-minute performance at the Prospect Park Bandshell in Brooklyn's Park Slope neighborhood.
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, 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.
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.
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.
Six years ago, Indiana Democrats didn't bother fielding a candidate against Sen. Richard Lugar. But with his loss in Tuesday's Republican primary, they think they have a real chance to take Lugar's seat.
Democrats argue that the new GOP nominee, state Treasurer Richard Mourdock, will prove too conservative even for the Republican-leaning state.
"There's a lot of animus here because of the way Mourdock has campaigned," says Ann DeLaney, a former Indiana Democratic Party official.