August 4, 2013 by apicomely
Michigan Finance Authority revenue notes rates SP-1 -S&P
Aso drew outrage for saying Japan should learn from how the Nazi party stealthily changed Germany’s constitution before World War II before anyone realized it, and for suggesting that Japanese politicians should avoid controversy by making quiet visits to Tokyo’s Yasukuni war shrine. Speaking to reporters, Aso said Thursday that he was misunderstood and only meant to say that loud debate over whether Japan should change its postwar constitution, and other issues, is not helpful. “It is very unfortunate and regrettable that my comment regarding the Nazi regime was misinterpreted,” Aso told reporters. “I would like to retract the remark.” Aso, who is also deputy prime minister, made the comments about Nazi Germany during a speech Monday in Tokyo organized by an ultra-conservative group. Critics of the ruling Liberal Democrats are uneasy over the party’s proposals for revising the U.S.-inspired postwar constitution, in part to allow a higher profile for Japan’s military.
The schools’ management said it ended fiscal 2013 with a $6 million deficit but expects to report a surplus of approximately $6 million in 2014 due to school closures and possible midyear budget cuts, S&P said. “The rating reflects a pledge of all state aid to be appropriated by the state of Michigan to the Detroit Public Schools starting with fiscal 2014,” the rating company said. The Detroit Public Schools enrollment could fall by as much as 33 percent, and state aid will be sufficient to cover debt service, according to S&P.