News
LENNAR COO FRED ROTHMAN HONORED WITH LEE GREENWOOD PATRIOT AWARD IN RECOGNITION OF CONTRIBUTIONS TO HOUSING WOUNDED VETERANS
LEXINGTON, N.C. /PRNewswire/ — Fred Rothman, Chief Operating Officer of national homebuilder Lennar, has been honored with the Lee Greenwood Patriot Award in recognition of his contributions to housing wounded veterans across the country. Rothman leads Lennar’s program to build new adaptive homes for wounded veterans in collaboration with Helping a Hero.
“The men and women who risk their lives to protect all of us and our democracy are heroes who deserve our gratitude,” said Rothman. “It’s a privilege to make sure those brave service members who sacrificed on our behalf have new, healthy homes built especially for them so they and their families can thrive. While I’m honored to be recognized, they are the true patriots.”
Lennar, one of the nation’s leading homebuilders, participates in the 100 Homes Challenge organized by Helping a Hero and Bass Pro Shops to build 100 new homes across the country for post-9/11 veterans wounded in the line of duty. The Lee Greenwood Patriot Award recognizes leaders such as Rothman whose efforts have lifted the hearts of wounded warriors.
“One of Lennar’s key philanthropic objectives is to broaden access to safe housing for all Americans – and we are honored to build specially-adapted homes that make daily tasks most us take for granted – from cooking dinner to taking a shower – easier for our wounded veterans,” said Lennar Executive Chairman Stuart Miller. “Fred’s leadership on this effort reflects Lennar’s commitment to the communities we serve and his passion for this important cause fuels its success.”
A lawyer by training, Rothman joined Lennar in 2006 and was the Eastern Regional President until his promotion to Chief Operating Officer in 2018. In addition to leading Lennar’s initiative to house wounded veterans, he is involved with many charitable organizations and is especially active in supporting people with Multiple Sclerosis. Fred is married to his wife of 40 years, Jodi, and has two daughters, Lecia and Alie. When not working, he enjoys fishing on his “Born To Run” Viking sportie, playing pickleball and rummaging around with his best four legged friend, Clarence.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar’s technology, innovation and strategic investments. For more information about Lennar, please visit lennar.com.
About Helping a Hero:
Texas-based Helping a Hero is a 501(c)(3) non-profit, non-partisan organization providing support for military personnel severely injured in the war on terror. Our principal activity is to provide specially adapted homes for qualifying service members as well as engage the community to provide services and resources for our wounded heroes and their families. Home recipients include veterans whose permanent injuries from combat have left them paraplegics, quadriplegics, amputees, blind, with severe burns and other injuries. Helping A Hero provides additional support programs including marriage retreats, caregiver retreats, recreational activities, and emergency needs support. Helping a Hero Outdoors has expanded to serve our heroes through hunting and fishing outings.
About the 100 Homes Challenge:
Johnny Morris, founder and CEO of Bass Pro Shops and noted conservationist, launched the 100 Homes Challenge and committed to fund 25 percent of the cost of the next 100 Helping a Hero homes. Helping a Hero invites the public to join Johnny Morris in the 100 Homes Challenge by making a donation, however large or small, to help to fund the other 75 percent of the cost of these homes. Helping A Hero is accepting applications from Post 9-11 wounded warriors needing a specially adapted home due to their combat injuries to become part of the 100 Homes Challenge. We also invite the public to Nominate a Hero. Both the home application and the Nominate a Hero form are available on at www.helpingahero.org.
SOURCE Lennar Corporation
Daily News
Whose Debt Is the National Debt?
The national debt isn’t Americans’ credit card balances added together. This simple explainer separates federal borrowing from household debt and explains the difference between debt and a deficit.
Last Updated on October 11, 2026 by Daily News Staff
The Knowledge | STM Daily News
When you hear “national debt,” do you picture everyone’s credit card balances added together? The name can create that impression, but the national debt and household debt measure different borrowing.
The U.S. national debt is money the federal government owes. Your personal credit card balance is not included.
Federal debt versus household debt
The Treasury defines national debt as the federal government’s total outstanding borrowing accumulated over the country’s history. Household debt covers borrowing by individuals and families, including mortgages, credit cards, auto loans, and student loans.
|Type of debt |Who borrowed? |Examples |
|————–|————————|————————————————–|
|National debt |Federal government |Outstanding Treasury securities |
|Household debt|Individuals and families|Credit cards, mortgages, auto loans, student loans|
Putting a $500 purchase on your credit card increases your personal balance. It does not add $500 to the national debt.
How does the national debt grow?
When federal spending exceeds tax collections and other revenue, the government runs a budget deficit. Treasury sells securities to borrow money to cover the gap.
Consider a simplified, hypothetical example: the government collects $5 trillion and spends $6 trillion in one year. That leaves a $1 trillion deficit requiring financing.
A deficit measures a shortfall over a period, usually a year. Debt measures outstanding borrowing accumulated over time. Repeated deficits generally increase that debt. Interest on existing borrowing is also a federal expense.
Does paying off your credit card reduce the national debt?
Paying off a card reduces what you owe your lender. It does not directly repay Treasury borrowing. Household debt and government debt can influence the same economy, but they remain separate obligations.
When discussing debt, ask: Who borrowed the money? That one question helps distinguish a family’s finances from the federal budget.
Find more explanations of the ideas behind the headlines at STM Daily News, home of The Knowledge.
Sources
● U.S. Treasury: Understanding the National Debt
● U.S. Treasury: Understanding the National Deficit
● Federal Reserve Bank of New York: Household Debt and Credit Report
Science
October Meteor Showers Give Phoenix Skywatchers a Reason to Look Up
Phoenix skywatchers have several chances to catch October’s meteor showers. Here’s when to watch the Taurids and Orionids—and how moonlight affects the view.
Last Updated on October 10, 2026 by Daily News Staff
PHOENIX — October is bringing several opportunities to spot shooting stars over the Valley, with the Draconids reaching their October 8–9 peak and more meteor activity ahead.
The Draconids remain active through October 10, although viewers should expect a light display as the peak passes. Under favorable conditions, the shower typically produces only a handful of meteors per hour. timeanddate.com
Next, the Southern Taurids have an annual activity peak around October 14. Known for occasional bright fireballs, the shower continues into November. The stronger Orionids peak on the night of October 21 into the morning of October 22, typically producing 10–20 meteors per hour under dark skies. A bright Moon will interfere with this year’s display. American Meteor Society
The Orionids originate from debris left by Halley’s Comet. For Phoenix viewers, the best opportunity will be after moonset and before dawn, weather permitting. City lights will further reduce the number visible. amsmeteors.org
NASA recommends finding a viewing area away from streetlights, allowing about 30 minutes for eyes to adjust, and watching a broad stretch of sky. No telescope is needed—just a comfortable chair and patience. NASA Science
ECurious about what’s happening above us? Explore more space stories and science explainers in The Knowledge at STM Daily News.xplore more space, science and everyday
Local News
Maricopa Boil Water Advisory Lifted After Negative E. Coli Tests
Maricopa boil water advisory lifted: Global Water–Santa Cruz Water Company customers in Maricopa can resume normal tap water use after follow-up testing found no E. coli.
MARICOPA, Ariz. — A precautionary boil water advisory for Global Water–Santa Cruz Water Company customers in the city of Maricopa was lifted Thursday, October 8, after repeat testing found no E. coli in water samples. The utility announced the cancellation at approximately 2 p.m. Arizona time.
The advisory was issued October 7 after two preliminary tests indicated possible contamination. Customers were temporarily instructed to use bottled water or boil tap water for at least one minute before drinking it or using it for food preparation.
With follow-up results negative, affected customers no longer need to boil water for drinking, cooking, making ice, brushing teeth or washing dishes, according to the utility.
The advisory affected the utility’s customers in the city of Maricopa, located in Pinal County. It was not a countywide warning for Maricopa County or Phoenix.
Residents can visit Global Water Resources’ official notice page for updates or call 866-940-1102 with questions.
