US home sales fall at fastest pace on record

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Monday, January 25, 2010

Sales of previously owned homes in the US fell at the fastest rate ever recorded last December, according to data from the National Association of Realtors (NAR).

According to the association, existing home sales fell 16.7% last month, to an annual rate of 5.45 million, the largest crash since 1968. The figure was less than the 5.90 million units, or an eleven percent drop, predicted by most analysts.

Sales of homes went up for the entire of 2009 to 5.156 million units, or 4.9% for the year, and prices dropped from 2008 by 12.4%.

NAR chief economist Lawrence Yun described the figures as being “probably the largest annual drop since the Great Depression”. He said that “the market is going through a period of swings driven by the tax credit. We’re likely to have another surge in the spring. Job creation is the key to a continued recovery in the second half of the year.”

Pierre Ellis, a senior economist for Decision Economics in New York, commented on the figures, saying: “The drop in home sales is the payback for the acceleration of sales that occurred with the original first-time home buyers tax credit. […] There is an issue as to whether the decline represents a fundamental weakening.”

“The housing market continues to face significant headwinds, including high unemployment, record delinquencies and foreclosures, the specter of rising mortgage rates as the Fed’s [mortgage-backed securities] purchase programs comes to a close in late March, and tight credit,” Omair Sharif, an economist for RBS Securities, noted.

“Still, the resale market showed resilience in the second half of 2009, and the expansion and extension of the tax credit to April 30 could boost purchases during the spring selling season,” he said.

“We’ll see a pickup in existing home sales in the next couple of months as people take advantage of the tax-credit extension”, economist Adam York of Wells Fargo Securities LLC in Charlotte, North Carolina claimed. He fore-casted a pace of 5.4 million. He said that there were unlikely to be buyers of homes, despite the fact that the U.S. was “past the bottom.”

All four regions of the country saw a decline in sales. In the Northeast, sales fell 19.5 percent, in the Midwest, they plunged 25.8 percent. The South, the country’s largest region, saw a 16.3% decline, while in the West, sales waned by 4.8%.

US stocks fell slightly after the announcement, but went back up later in the day.

Car bomb kills 11 in Pakistan

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Saturday, May 16, 2009

Police reports say that a car bomb containing nearly 50kg of explosives, has detonated in the Pakistani city of Peshawar on Saturday, killing at least 11 people and injuring at least 30 others. The bomb exploded at a busy road in the Kashkal area. According to police, a school bus was passing at the time of the detonation which resulted in many of the deaths being children.

Around seventeen cars were damaged by the explosion, five of them catching fire.

“We received nine dead bodies. Two more people expired later. The condition of two people among the 31 injured is serious,” Doctor Hameed Afridi told the Agence France-Presse news agency from the main Peshawar hospital. According to a list of victims that was signed by Afridi, five men, four children aged eight to seventeen years old, and two women were among the casualties.

“We were sitting in our showroom when there was a huge blast,” said Mohammad Anis, the owner of a car showroom located near where the incident took place. “When I came out, I saw fire and smoke everywhere around me.”

No one or group has claimed responsibility for the blast.

Ted Haggard reaches financial settlement with New Life Church

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Sunday, February 11, 2007

The New Life Church in Colorado Springs, Colorado has reached a financial settlement with its founder (and former head of National Association of Evangelicals) pastor Ted Haggard. Haggard stepped aside as senior pastor in the Church in November 2006, when a male prostitute claimed that he had engaged in a three year relationship with Haggard and that the two used methamphetamine.

Haggard, who was publicly critical of homosexuality, has agreed to leave the church he founded and led for two decades with a promise that he will not discuss the scandal, will move out of Colorado Springs, and will not reveal how much his financial settlement is.

On February 4th, Haggard sent an e-mail to New Life members stating, “We all wanted to know why I developed such incongruity in my life. Thankfully, with the tools we gained there, along with the powerful way God has been illuminating his Word and the Holy Spirit has been convicting me and healing me, we now have growing understanding which is giving me some hope for the future.”

Rev. Tim Ralph said, after Haggard completed a three-week counseling program, “He [Haggard] is completely heterosexual.”

However, Mike Jones, the man who had allegedly had a 3 year relationship with Haggard publicly replied, “Give me a break.” Adding, “He’s been performing oral sex on me for three years. You don’t change that in three weeks.” And “Until he’s honest with himself, he’ll never be happy.” Jones is currently writing a book detailing his relationship with Haggard due out in summer 2007.

According to interim senior pastor Ross Parsley, at services on Sunday February 18 the panel will “provide any necessary clarification of (Haggard’s) restoration process and give us a report on the New Life staff.”

Airbus Beluga XL makes maiden flight

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Friday, July 20, 2018

On Thursday, after five years of development, the Airbus Beluga XL, painted with eyes and a smile to match its cetacean namesake, made its maiden flight, taking off from and landing at Toulouse, France, in front of a crowd of 10,000. The craft is expected to enter service next year.

Airbus plans to use the Beluga XL to shuttle airplane parts among its facilities in France and Germany. The XL has roughly 30% more cargo space than existing Beluga planes, and it can carry over 50 tons 2500 miles (4000 km) without refueling. It can carry two wings for the Airbus 350 plane in one trip, while the standard Beluga, which entered service in 1995, can carry only one. The Beluga XL is propelled by two Rolls-Royce Trent 700 Turbofan engines.

The plane is named for its resemblance to a Beluga whale. The front of the fuselage hinges upward to allow front-loading into the cargo space, creating the illusion of a round forehead. This feature was added by slinging the cockpit lower in the plane’s body, so cargo is passed over the pilots’ perch.

The Beluga joins such cargo planes as the Antonov An-225 Mriya was designed by the Soviet space program to carry spacecraft parts, and has a lifting capacity over five times that of the Beluga, but only one was ever built. Other massive planes include NASA’s Super Guppy, which is also used to carry spacecraft parts, and the United States military’s Lockheed C-5 Galaxy.

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Wikinews interviews Joe Schriner, Independent U.S. presidential candidate

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Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Life Insurance Rates Explored

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By David J. Livingston

There are different classifications of life insurance rates for different insurance providers. The number of classifications could be more than or equal to 12. Normally people need to qualify for the Regular classification with most companies which charge a premium on top of the Regular rate. While that is the case with most companies, some do have special classifications. If one qualifies for Regular or above, he will get a good rate, otherwise that person will be provided some substandard rate.

To explain the process further, the insurance rates of most companies will start at Regular + 50%. This rating is called Table B or Table 2. The further classifications are Regular + 75% called Table C or Table 3, Regular + 100% called Table D or Table 4. The highest in most cases is Regular + 250% called Table J or Table 10. You will be surprised because there are companies in the insurance industry that can have rates that go even beyond the table 10. While the classification terms all look similar, the way they rate and the underwriting of the companies differ from one company to another. So if one company rates your case one way, that does not mean that you will get the same rate with all the providers.

While one company rates a person with late age start and controlled diabetes to be Preferred or Preferred Plus, another insurance company will rate him to under Table B, C or D. So to benefit from the right insurance with the appropriate premiums and coverage you need to shop around. The very first step in that process would be for you to try your hand with the online quotes. All most all the providers and even some third parties provide you instant term life insurance or whole life insurance or any other type of insurance you need online. They will require some basic information about you like your physical statistics, health details, profession and some contact detail (just to get in touch with you) to provide you instant quotes.

The premiums that you get assigned in the quotes are determined by the risk class you fall under. The higher the class the lower will be your premium. The general classes of life insurance rates are

1. Preferred Plus (no nicotine)

2. Preferred (no nicotine)

3. Preferred (nicotine)

4. Standard (no nicotine)

5. Standard (nicotine)

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6. Substandard

Some of the health conditions that greatly influence the life insurance rate classification are

1. Heart disease

2. Depression

3. High blood pressure

4. High cholesterol

5. Asthma

6. Type II diabetes

7. Sleep apnea

8. Cancer

9. Coronary disease

10. Mitral valve prolapsed

You can get the best rating that is Preferred Plus life insurance rates if you meet the following criteria.

1. BMI less than 25

2. Very good health history (no chronic ailments or serious illnesses)

3. Good family health history

4. Non-smoker or have quit smoking for minimum 5 years

5. Risk free (low risk) profession and hobbies

6. No bankruptcy (in the last 5 years) and excellent financial standing

7. LDL/HDL ratio less than 5.0

8. Blood pressure less than or equal to 140/85

9. Clean driving history (in past 5 years)

10. Never treated for alcohol or drug abuse

When you get the quotes, it is essential that you compare all the different quotes. Just the lower premiums or higher coverage or even the preferred life insurance rates alone will not help determine the best coverage for you. So demarcate each topic and compare accordingly. A bit of research on the insurance industry or a little help from experts will assist you in landing the best policy in terms of coverage, premiums and inclusions for you in no time. Just make sure that you are divulging your information and taking help only from authentic and trustworthy websites. Remember that no one needs your financial details to process the instant tem life insurance or whole life insurance quotes, as that is a free process.

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Source:

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Permanent Link:

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Flight lands safely with help from mobile phone text messages

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Monday, August 11, 2008

In November 2007, a twin-engine 30-year-old Piper aircraft lost all electrical power on board shortly after departing from Kerry airport in Ireland for a flight to Jersey. Without any electrical power, the pilot was unable to use his radio to contact air traffic control. He was briefly able to re-establish contact with the tower using his cell phone, but that was also disrupted.

The report into the incident published on August 6 revealed how a quick-thinking air traffic controller in Cork started sending directions to the pilot by text message. With this assistance, the plane, with five people on board, landed safely after the undercarriage was lowered manually and air traffic control visually confirmed that it was down. Prior to lowering the undercarriage, the first officer noticed that the nose wheel had failed to retract fully and was actually at half its travel.

“In this incident the positive and proactive initiative of the ATC controller, who, on realising that mobile audio communication from the pilot was intermittent, quickly switched to texting his instructions instead”, said John Hughes, an air accident investigator who reported on the incident. “This contributed to the safe resolution of the incident and, for such, the controller should be commended for his actions.”

The pilot, aged 39 and with 1,900 hours of flying experience, succeeded in climbing to an altitude of 6,500 feet without any problems, but needed to communicate to ensure a safe landing. He originally attempted to contact Kerry airport, and after that failed he made attempts to contact Cork.

The report found that the loss of electrical power was due to the aircraft’s alternators failing to maintain the required voltage, probably due to the battery voltage being insufficient to excite the alternator’s windings. The relay may have been in poor condition after having been subjected to a heavy load following take-off, possibly contributing to the incident.

Execution of two gay teens in Iran spurs controversy

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Saturday, July 23, 2005

International controversy erupted after Iranian officials executed two gay teenagers who were originally reported to be convicted of homosexuality, however later reports released by the Iranian government after international furor claimed the conviction was for the rape of a 13-year-old boy. The two were hanged July 19.

Only the age of one of the two executed teens was officially released to the public. He was 18 year old Ayaz Marhoni. The other, Mahmoud Asgari, according to the Iranian Student’s News Agency (ISNA) was aged 17, but other news agencies have reported the teenager’s age as 16. In the original report by the ISNA it was said that the two were found having sex together when they were both 16. It also reported that they were held and beaten for fourteen months before the execution.

The UK-based gay rights group, Outrage! claims the report issued later by the government of Iran is a “smokescreen” to justify killing homosexuals. And one media outlet, Direland, has blasted the media holdings of Rupert Murdoch that includes Fox News Channel and The Times newspaper for publishing the subsequent Iranian government issued allegation of rape as matter of fact without mention of the previous stories before international condemnation bearing no such accusations.

According to Iranian newspapers, the two boys were given 228 lashes for their other convictions of theft, disrupting public order and public drinking before they were hanged in Edalat (“Justice” in English) Square in the Iranian city of Mashhad. The executioners, fearing reprisals, wore masks and anti-riot forces were mobilized to prevent outbreaks of public protests.

Photos of the execution released by Iranian Students News Agency showed the two teens crying in the truck driving them to the gallows in Justice Square, located in the northeastern region of the country.

Iran has been under fire by international human rights groups for executing teenagers in the past, including the 2004 execution of Atefeh Rajabi, a 16-year-old girl convicted of having sex before marriage. Medical reports, not allowed in the court, had stated that she was mentally ill.

Like many other Islamic countries, Iran enforces the religious sharia law, which allows for the execution of children, including girls aged nine or older and boys 15 and older.

Iranian officials have complained that the media has emphasized the teens’ ages. Deputy Ali Asgari said, “Whatever sentence is decreed by an Islamic penal system must be approved, unless proven otherwise… Instead of paying tribute to the action of the judiciary, the media are mentioning the age of the hanged criminals and creating a commotion that harms the interests of the state… Even if certain websites made a reference to their age, journalists should not pursue this. These individuals were corrupt. Their sentence was carried out with the approval of the judiciary and it served them right.”

Both teens were convicted by Court No. 19 under sharia law. The teens are identified only as “M.A.” and “A.M.” Those found having homosexual sex in Iran may face death by either hanging, stoning, cutting in half by a sword, or dropping from a tall building or cliff.

An ISNA report said the couple acknowledged having sexual relations with each other but said they were unaware of laws against homosexuality.

Another report, by Iran In Focus, claimed that the two were hanged not for gay sex, but rather for sexually assaulting a thirteen year old boy at knife point. Neither the original Iranian Student’s News Agency nor an additional report from the National Council of Resistance of Iran had this allegation, said the United Kingdom based Outrage. Direland Press has noted that the accusation of rape in reports came days after international outrage and detailed reports by other Iranian news agencies. They suggest the recent report is a ploy of the Iranian government to justify its actions.

“The allegation of sexual assault may either be a trumped-up charge to undermine public sympathy for the youths — a frequent tactic by the Islamist regime in Iran — or it may be that the 13-year-old was a willing participant but that Iranian law … deems that no person of that age is capable of sexual consent and that therefore any sexual contact is automatically deemed in law to be a sex assault,” said OutRage!’s Peter Tatchell.

“This is just the latest barbarity by the Islamo-fascists in Iran,” Tatchell remarked. “The entire country is a gigantic prison, with Islamic rule sustained by detention without trial, torture and state-sanctioned murder.”

Tatchell told reporters that according to Iranian human rights activists, more than 4,000 lesbians and gay men have been executed in Iran since the ayatollahs seized power in 1979. He said an estimated 100,000 Iranians have been executed in Iran since that time.

Reports also indicated that three other gay Iranian teenagers are reportedly being hunted by police, but they are said to have gone into hiding.

OutRage! requested the international community see Iran “as a pariah state” and to “break off diplomatic relations, impose trade sanctions, and give practical support to the democratic and left opposition inside Iran.”

The United Kingdom has a policy of constructive engagement with Iran, as does France and Germany, primarily directed at the resolution of the Iranian nuclear crisis.

European Union officials have been holding a human rights dialogue with Tehran, but last year the report by Human Rights Watch said that violations had increased since 2000.

In the Unites States, the Human Rights Campaign has called for U.S. Secretary of State Condoleezza Rice to condemn the executions.

Fancy Way To Comprehend Thermography At Length For Getting More Benefits}

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News briefs:June 10, 2010

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