Foreclosures Rise to 24%
of U.S. Home Purchases
as Short Sales Increase
Feb-29-2012--US homes in or nearing foreclosure accounted for almost a fourth of residential purchases in the last three months of 2011 as lenders approved more short sales, where the price is less than the amount owed. Deals for bank-owned and distressed properties rose to 24 percent of total home sales from 20 percent in the third quarter, “We expect to see foreclosure-related sales increase in 2012, particularly pre-foreclosure sales, Banks may “aggressively” resume unloading distressed property after an 18-month delay brought on by federal and state legal probes into flawed foreclosure paperwork and documentation, The fourth quarter showed lenders turning to short sales as a “better option” than holding a house whose borrower doesn’t make any payments,
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Stocks rise,
heading for best February in 14 years
Feb-29-2012--The Nasdaq composite index cracked 3000 on Wednesday for the first time since December 2000 as the stock market headed for its best February finish in 14 years.
The milestone for the Nasdaq, heavy with technology stocks, came a day after the Dow Jones industrial average closed above 13,000 for the first time since May 2008.
Stocks opened higher after the government said that the economy grew faster at the end of last year than previously estimated a 3 percent annual rate, the best reading since the spring of 2010.
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Ron Paul SCHOOLS Ben Bernanke
on PYRAMID SCHEME!
Feb-29-2012--Today at the Financial Services Hearing, Ron Paul taught Ben Bernanke a thing or two about economics and real money!
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Feb-29-2012-Consumer spending is an important issue, but the congressman is mistaken in saying that the Federal Reserve has spent any money. They have lent money. That's not dissipation of the money. They have got all of the money back.
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Deadly Tornadoes Strike the Midwest
Feb-29-2012--At least nine people are dead after a string of tornadoes sweeps through the Midwest; Kansas, Missouri, Illinois and Indiana all dealing with widespread damage.
More than 100 people have been hurt as homes were crushed by the storms' powerful winds.
And the danger isn't over yet.
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At Least 13 Killed as Tornadoes
Rake Midwest States
Feb-29-2012-BRANSON,Mo-At least 13 people were killed overnight as a line of tornadoes marched across the Midwest, flattening parts of several towns, officials said Wednesday. Hardest hit was Harrisburg, Ill., where 10 deaths were reported, along with nearly 100 injuries and at least 200 homes destroyed or damaged.
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Iran's Most Powerful Take Feud to the Polls
Feb-29-2012- Iran's parliamentary elections on Friday are shaping up as a contest by proxy between President Mahmoud Ahmadinejad, who seeks public endorsement of his efforts to wield broad authority,
and Supreme Leader Ayatollah Ali Khamenei, who has struggled to keep his populist president in check.
Supporters of Supreme Leader and President Vie for Dominance; Regime Loyalist Sees a Contest Between 'Better and Best.'
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Divided conservatives clash in Iranian elections
Feb-29-2012-Iran's parliamentary election on Friday will pit allies of President Mahmoud Ahmadinejad against those loyal to Supreme Ayatollah Ali Khamenei
It is the country's first national election since a disputed presidential poll in 2009
The contest is being boycotted by reformist groups and not all Iranians will vote in protest at the status quo. Iranian filmmaker Nasser Taghavi "Going to the polls doesn't make any difference"
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Top French court strikes down genocide bill
Feb-29-2012--PARIS/ANKARA - France's highest legal authority ruled Tuesday that a new law that would have made it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago was unconstitutional, a move quickly welcomed by Turkey.
Turkey, which recognizes that many Armenians died in 1915, says "genocide" is an inaccurate term to describe the events because it argues that thousands were killed in massacres and counter-massacres led by both Turks and Armenians. Armenians argue that 1.5 million of their people were killed deliberately by the Ottoman Turkish Empire.
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Interpol website suffers
'Anonymous cyber-attack'
Feb-29-2012--Interpol's website appears to have been the victim of a cyber-attack after the international police agency announced the arrests of 25 suspected members of the hacking activist group Anonymous in Europe and South America.
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Cautious welcome for North Korea
nuclear freeze
Feb-29-2012--North Korea's pledge to suspend uranium enrichment, as well as nuclear and long-range missile tests, has received a cautious international welcome.
The announcement comes two months after Kim Jong-un came to power following the death of his father, Kim Jong-il. Correspondents say it could pave the way for the resumption of six-party disarmament negotiations with Pyongyang, which broke down in 2009.
North Korea's nuclear issue, a concern now for over 20 years, has long been a game of cat and mouse - or snakes and ladders. ”
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Syria prepares to 'cleanse' rebels
Feb-29-2012--The Syrian regime has shown a new determination to crush its opponents, vowing to "cleanse" a rebel-held district in the besieged city of Homs after nearly four weeks of shelling.
Government troops massed outside the embattled neighbourhood of Baba Amr, raising fears among activists of an imminent ground invasion that could endanger thousands of residents, as well as two trapped Western journalists who have been under heavy bombardment.
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Try Assad for war crimes:
Hillary Clinton
Feb-29-2012-The US is mounting pressure on Syrian president Bashar al-Assad to step down as violence continues to escalate.
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