Reuters – U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.
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Existing home sales at 1-1/2 yr-high, supply falls (Reuters)
Mortgage applications jump on refi demand: MBA (Reuters)
Reuters – Applications for home mortgages jumped last week, fueled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday.
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The Myth of American Productivity
In 1939, when John Steinbeck completed The Grapes of Wrath—a heart-wrenching tale of a family of sharecroppers forced out of their home during the Depression— roughly one-quarter of the U.S. population still lived on farms. Today, family farms are increasingly rare, and less than 2 percent of employed Americans work in agriculture. But rather...
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Finders Not Keepers: Yale Returns Artifacts To Peru
Objects excavated from the Machu Picchu ruins in the early 1900s have finally come home. The artifacts were taken by Yale explorer Hiram Bingham III. After 100 years, an international custody battle and an angry letter from Yale alumni, they’re are back on display in their country of origin. » E-Mail This » Add...
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China’s factories falter, pro-growth policies eyed (Reuters)
Reuters – China’s factory activity shrank again December as demand at home and abroad slackened, a purchasing managers’ survey showed on Friday, reinforcing the case for pro-growth policies to underpin the world’s second-largest economy.
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U.S. Troops Leaving Iraq This Year; President Obama Could Benefit Next Year
The last American troops are coming home from Iraq this month, and President Obama is marking the occasion with a series of events to commemorate the conclusion of the war. On Wednesday at Fort Bragg, N.C., he and the first lady will thank troops for their service. » E-Mail This » Add to Del.icio.us
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Ex-Panama Dictator Flown Home For More Jail Time
Manuel Noriega has left France for further punishment in his homeland after more than 20 years in U.S. and French jails for drug trafficking and money laundering. » E-Mail This » Add to Del.icio.us
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Afghanistan’s allies pledge to stay for long haul (Reuters)
Reuters – The West used an Afghanistan meeting on Monday to signal enduring support for Kabul as allied troops go home, but economic downturn in Europe and crises with Pakistan and Iran could stir doubts about Western resolve.
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West’s Afghan resolve tested by economy, Pakistan, Iran (Reuters)
Reuters – The West wants to use an Afghanistan meeting Monday to signal enduring support for Kabul as allied troops head home, but economic turmoil in Europe and crises with Pakistan and Iran may prompt doubts about Western resolve.
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Instant view: Home prices decline in September: SP (Reuters)
Reuters – Single-family home prices declined in September, highlighting the fragility of a market that is struggling to get back on its feet, a closely watched survey showed on Tuesday.
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Home Prices ‘Drifted Lower’ In Recent Months
The worst may be over for the housing market, but a “sustained recovery” is unlikely until the economy gains strength, according to the latest S&P/Case-Shiller Home Price Indices report. » E-Mail This » Add to Del.icio.us
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Economy means scaled-back Thanksgiving for many (AP)
AP – Some are holding potluck dinners instead of springing for the entire feast. Others are staying home rather than flying. And a few are skipping the turkey altogether.
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