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Economy

S&P Upgrades Greece’s Public Power Corporation Rating to BB-

ATHENS – Standard and Poor’s on Monday upgraded the Public Power Corporation’s (PPC) credit rating to BB- from B+ with a stable outlook.

In its report, the rating agency pointed out that the additional profitability from energy production is financing the subsidy of consumers and also that the possible imposition of a windfall profits tax on the energy sector will have a small impact on the company as profit margins in retail are very low.

S&P proceeded with the upgrade of PPC after an upgrade of the Greek economy on April 22 with the reasoning that, if needed, the state, which holds 34 pct of PPC stock, will have greater ability to support the company.

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ATHENS - With improvement changes made by the leadership of the Ministry of Justice and after a two-day lengthy debate and intense confrontation between the government and the opposition, the draft bill for the new penal code was voted by a majority in the plenary session of the Hellenic Parliament.

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A pregnant woman was driving in the HOV lane near Dallas.

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NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

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Jimmy Carter Becomes First Living Ex-President with Official White House Christmas Ornament

WASHINGTON (AP) — Former President Jimmy Carter has another distinction to his name.

ATHENS - With improvement changes made by the leadership of the Ministry of Justice and after a two-day lengthy debate and intense confrontation between the government and the opposition, the draft bill for the new penal code was voted by a majority in the plenary session of the Hellenic Parliament.

LAS VEGAS  — Hydeia Broadbent, the HIV/AIDS activist who came to national prominence in the 1990s as a young child for her inspirational talks to reduce the stigma surrounding the virus she was born with, has died.

NEW YORK – Greek-American John Avlon, a Democrat and former CNN political analyst, announced on February 21 that he is running for Congress in New York’s 1st Congressional District, the New York Times reported, noting that he is entering “a crowded congressional primary to try to flip a Republican-held swing seat on Long Island.

STONY BROOK, NY – Stony Brook University Assistant Professor Georgios Moutsanidis, PhD, in the Department of Civil Engineering at Stony Brook University, has received a Faculty Early Career Development (CAREER) grant from the National Science Foundation (NSF) for pivotal research on increasing the resilience of coastal structures totaling nearly $500,000.

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