Credit rating agencies give high marks to bonds that finance defaulted properties

Lending institutions have misrated more than $100 billion of commercial real estate debt in an increasingly popular segment of the market, mortgage veterans say, including at least a dozen deals that maintain the highest investment grade rating even though the borrowers are in default. The questionable ratings emerge in a part of the mortgage bond … Read more

Astro Bot marks a “new beginning” for PlayStation’s fast-growing mascot

In the music industry, years into its career, a band often uses a self-titled album to signify a reinvention. “This is who we are today’ is the intended and unspoken message. PlayStation’s Astro Bot uses the same naming convention to indicate a similar fresh start. After a 2018 VR exclusive with a decidedly limited scope … Read more

Car stuck on beach marks the start of the crazy season in Cornwall

You may have wondered when the unofficial start of the tourist season would be, especially since the weather isn’t really an indicator of when summer is. Don’t be afraid, the time has come. Not a single tourist season in Cornwall goes without at least one person driving onto a sandy beach and getting stuck. Well, … Read more