As we near the midpoint of this leap year month of holidays galore, we offer our own tributes, in the form of — what else — but a heaping handful of Thumbs Up and Thumbs Down, courtesy of the past week's headlines.
We don't think Modesto Junior College, one of the oldest community colleges in the state and a mainstay of our community, is at risk of losing its accreditation. But we are concerned that for the second time in four years, the accrediting commission of Western Association of Schools and Colleges has put a red flag on its status.
Millions of Americans owe more on their homes than their property is worth. For many of these "underwater" homeowners, Thursday's self-congratulatory announcement by federal and state officials of a $25 billion settlement with big mortgage servicers probably sounded like too little, too late.
