Early Briefing 08.30.07
Education technology is hot in the Washington area, with companies including Blackboard, Defywire, Learning Objects and Regent Education in the field. See story
Fed Chairman Ben Bernanke lined up on the side of the Bush administration, saying he doesn't think that Fannie Mae and Freddie Mac need looser regulatory constraints. In a letter earlier this week to Sen. Charles Schumer, Bernanke said policymakers could encourage the companies to securitize more or sell securities they hold in their portfolios to make room for new ones. See story
A judge tossed Herndon's anti-solicitation ordinance on free-speech grounds. The ordinance, which says laborers and motorists can't discuss employment on the streets, is considered an anti-illegal-immigrant tool by the town. Separately, the town said it would take over the Herndon Official Workers Center, at least temporarily. See story
Dozens of workers from suburban Maryland received checks from a settlement class-action lawsuit against a general contractor, Unlimited Restoration Specialists of Baltimore, and a subcontractor that recruited them to go work in Mississippi and Lousiana after the hurricanes, MFC General Contractors of Mount Airy. The subcontractor is not part of the settlement. See story
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