October Foreclosure Filings Surge - 50,000 Lost Homes In October
November 30, 2007
Foreclosure filings have nearly doubled from a year ago and more people could lose their homes in 2008, according to a report released Thursday.
In October, 224,451 foreclosure filings were reported nationwide, up 94 percent from October 2006 and up 2 percent from September, according to RealtyTrac.
In the month, 53,609 U.S. homeowners were forced out of homes repossessed by banks, up from 20,768 a year ago, the firm said. Through October, a total of 309,557 homes have been repossessed by banks leading to forced evictions.
“Some people are in over their heads, owing more than what they can sell their house for,” said RealtyTrac spokesman Daren Blomquist.
For the full year, RealtyTrac expects 2 million homes to have entered the foreclosure process - including bank repossessions, default notices and auction sale notices.
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U.S. Envoy To Press Israel To Take Risks
November 30, 2007
Predicting potentially grave security consequences for Israel, defense officials responded pessimistically Thursday to news that former NATO commander and retired US general James Jones had been tapped by Secretary of State Condoleezza Rice as the new special envoy to coordinate security between Israel and the Palestinians.
A senior defense official involved in talks with the Palestinians said that Jones was likely to invest most of his efforts in pressuring Israel to concede to the Palestinians and taking risks on issues of security.
“Another envoy is not what is needed now,” the official said. “Both sides know what needs to be done, the problem is that due to everything else that is going on - including Hamas’s control over Gaza and the current coalition in Israel - things are stuck.”
Pope Invites Senior Muslims To Vatican Meeting
November 30, 2007
Pope Benedict XVI has invited senior Muslim figures, who signed an appeal for greater dialogue between religions, to a meeting at the Vatican, in a letter released Thursday.
The pope praised the “positive spirit” behind the October 11 message signed by 138 top Muslims from around the world and sent to Christian leaders, said Vatican Secretary of State Cardinal Tarcisio Bertone in the letter sent in Pope Benedict’s name.
The pope wanted to meet a representative group of the signatories at the Vatican, he added in the letter sent to Jordan’s Prince Ghazi bin Muhammad bin Talal, head of the Institute for Islamic Thought in Amman.
“The Pope has asked me to convey his gratitude to Your Royal Highness and to all who signed the letter,” Bertone wrote.
“He also wishes to express his deep appreciation for this gesture, for the positive spirit which inspired the text and for the call for a common commitment to promoting peace in the world.
“Without ignoring or downplaying our differences as Christians and Muslims, we can and therefore should look to what unites us, namely, belief in the one God, the provident Creator and universal Judge who at the end of time will deal with each person according to his or her actions. We are all called to commit ourselves totally to him and to obey his sacred will.”
Powerful Earthquake Hits Caribbean
November 30, 2007
A powerful earthquake rocked the eastern Caribbean on Thursday, the U.S. Geological Survey said. No damage was immediately reported.
The earthquake, with a magnitude of 7.3, was centered 23 miles southeast of Roseau, the capital of Dominica, where the shaking lasted for about 20 seconds. The quake was felt as far away as Puerto Rico.
The quake struck at 2 p.m. EST at a depth of 90 miles beneath the surface of the Earth, according to the geological survey’s Web site.
Catholic and LDS Groups Call For Boycott Of Movie The Golden Compass
November 30, 2007
The ominous e-mail from his wife’s LDS Relief Society in Provo bothered Brandon Sanderson.
“Here’s a movie you will want to skip,” it said, urging Mormons to stay away from “The Golden Compass,” a fantasy film based on the novels by Philip Pullman, due to open Dec. 7. The e-mail claimed that because Pullman is an avowed atheist, he was using his fiction to subtly promote anti-God beliefs.
That same e-mail warning circulated among LDS groups from Delta to Bountiful. The e-mails claim the anti-religious themes have been toned down for the film, but the goal is to get children to read Pullman’s trilogy, “His Dark Materials,” which attack organized religion and belief in God.
“I feel this information about this movie is too important for you not to know about it,” Kevin Prusse, principal of Bountiful’s Muir Park Elementary School, wrote in an e-mail.
The same urgent warning raced through the Catholic community.
Putins Party - Russian Election Marred By Allegations of Fraud and Coercion
November 30, 2007
Though more than a dozen parties are on the ballot for Russia’s parliamentary election Sunday, one would hardly know it. The pro-Kremlin United Russia (UR) party, whose standing has jumped more than 25 percent since President Vladimir Putin announced he would head its candidate list last month, could fairly win up to two-thirds of votes for the 450-seat State Duma, according to most polls.
But in what some experts say may be the least democratic election since the USSR collapsed, boycotted by Europe’s election-monitoring body, the campaign has been marred by complaints from opposition parties of official interference, seizure of campaign literature, the exclusion of some candidates from the ballot, and the sidelining of independent Russian poll observers.
Over the past week, allegations have also surfaced, notably in an investigative report by the English-language Moscow Times, that voter coercion and outright fraud are being deployed to loft UR’s vote to even greater-than-expected heights.
“On a scale of 1 to 100, the level of democracy in this campaign is zero,” says Lilia Shibanova, head of Golos, Russia’s only nationwide network of independent election monitors. “The laws are being systematically violated. Officials at all levels are involved in agitation on behalf of a single party. There is direct pressure on citizens [to vote a particular way], especially at the municipal level.”
Long Sought After Wall In Israel Is Located
November 30, 2007
A wall mentioned in the Bibles Book of Nehemiah and long sought by archaeologists apparently has been found, an Israeli archaeologist says.
A team of archaeologists discovered the wall in Jerusalems ancient City of David during a rescue attempt on a tower that was in danger of collapse, said Eilat Mazar, head of the Institute of Archaeology at the Shalem Center, a Jerusalem-based research and educational institute, and leader of the dig.
Artifacts including pottery shards and arrowheads found under the tower suggested that both the tower and the nearby wall are from the 5th century B.C., the time of Nehemiah, Mazar said this week. Scholars previously thought the wall dated to the Hasmonean period from about 142 B.C. to 37 B.C.
The findings suggest that the structure was actually part of the same city wall the Bible says Nehemiah rebuilt, Mazar said. The Book of Nehemiah gives a detailed description of construction of the walls, destroyed earlier by the Babylonians.
“We were amazed,” she said, noting that the discovery was made at a time when many scholars argued that the wall did not exist.
“This was a great surprise. It was something we didnt plan,” Mazar said.
Annapolis - Israeli Officials Fear Bush and U.S. Reversal On Security and Territory
November 27, 2007
The concern was expressed on the eve of the Annapolis, Md. conference. Officials said that over the last two weeks, the administration, particularly Secretary of State Condoleezza Rice, appeared to have abandoned U.S. commitments to Israel, including one in 2004 that recognized Israeli blocs in the West Bank.
A key concern has been President George Bush’s deadline for an independent Palestinian entity throughout the West Bank. Israel Security Agency director Yuval Diskin said the goal of establishing such a state within 14 months was dangerous, and that no viable Palestinian partner would be found.
[On Monday, Bush was scheduled to meet Israeli and Palestinian delegations to Annapolis. The U.S. president was expected to call for an acceleration of efforts for a Palestinian state.]
Officials said the most important U.S. commitment was a letter by Bush in 2004 meant to encourage the unilateral Israeli withdrawal from the Gaza Strip. The letter was said to have cited American recognition that in any final agreement with the Palestinians, Israel would not return to the 1967 borders.
“There is a serious question about the exact standing of the Bush letter on the eve of Annapolis,” former Israeli ambassador to the United Nations, Dore Gold, said.
Gold, a consultant to the government of Prime Minister Ehud Olmert, cited Ms. Rice’s statement of Nov. 13 that “most Israelis are ready to leave nearly all of the West Bank, just as they were ready to leave Gaza for the sake of peace.” Gold said the secretary ignored public opinion polls that showed Israeli support for the retention of the Jordan Valley.
“Having decided to convene the Annapolis meeting, the Bush administration is under enormous pressure to make sure it succeeds,” Gold said. “The situation that has been created provides the Arab states with enormous leverage over Washington to revise its positions on the core issues in order to obtain their attendance at a high enough level.”
“Even if the U.S. does not issue its own statement in lieu of the joint statement, a revised U.S. position could come in the form of a presidential address or even private communications from Washington to Arab capitals that erode the Bush letter and empty it of much of its original content,” Gold said.
On the eve of the Middle East peace conference scheduled for Nov. 27 in Annapolis, Md., Israeli officials braced for a sea change in U.S. policy toward the Arab-Israeli conflict.
“As bad as it might look from the outside, the truth is 10 times worse,” a senior Israeli military officer told the Jerusalem Post. “This is a nightmare. The Americans have never been so hostile.”
Forecast: U.S. Dollar Could Plunge 90 pct
November 26, 2007
A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
“We are going to see economic times the likes of which no living person has seen,” Trends Research Institute Director Gerald Celente said, forecasting a “Panic of 2008.”
“The bigger they are, the harder they’ll fall,” he said in an interview with New York’s Hudson Valley Business Journal.
Celente — who forecast the subprime mortgage financial crisis and the dollar’s decline a year ago and gold’s current rise in May — told the newspaper the subprime mortgage meltdown was just the first “small, high-risk segment of the market” to collapse.
Derivative dealers, hedge funds, buyout firms and other market players will also unravel, he said.
Massive corporate losses, such as those recently posted by Citigroup Inc. and General Motors Corp., will also be fairly common “for some time to come,” he said.
He said he would not “be surprised if giants tumble to their deaths,” Celente said.
The Panic of 2008 will lead to a lower U.S. standard of living, he said.
A result will be a drop in holiday spending a year from now, followed by a permanent end of the “retail holiday frenzy” that has driven the U.S. economy since the 1940s, he said.
Study Calls HIV in D.C. A Modern Epidemic
November 26, 2007
The first statistics ever amassed on HIV in the District, released today in a sweeping report, reveal “a modern epidemic” remarkable for its size, complexity and reach into all parts of the city.
The numbers most starkly illustrate HIV’s impact on the African American community. More than 80 percent of the 3,269 HIV cases identified between 2001 and 2006 were among black men, women and adolescents. Among women who tested positive, a rising percentage of local cases, nine of 10 were African American.
The 120-page report, which includes the city’s first AIDS update since 2000, shows how a condition once considered a gay disease has moved into the general population. HIV was spread through heterosexual contact in more than 37 percent of the District’s cases detected in that time period, in contrast to the 25 percent of cases attributable to men having sex with men.
“It blows the stereotype out of the water,” said Shannon Hader, who became head of the District’s HIV/AIDS Administration in October. Increases by sex, age and ward over the past six years underscore her blunt conclusion that “HIV is everybody’s disease here.”
The new numbers are a statistical snapshot, not an estimate of the prevalence of infection in the District, which is nearly 60 percent black. Hader, an epidemiologist and public health physician who has worked on the disease in this country and internationally, said previous projections remain valid: One in 20 city residents is thought to have HIV and 1 in 50 residents to have AIDS, the advanced manifestation of the virus.
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