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Monday, March 21, 2011

Sales of existing homes in the U.S. fell 9.6% in February, the National Association of Realtors (NAR) said today, in a sign that the U.S. housing market is still depressed. The figure was worse than the 3.9% decline anticipated by the economists surveyed by Dow Jones Newswires and questions whether the U.S. housing market is beginning to recover or will continue to fall.

A combination of foreclosures and short sales, where the mortgage holder sells the house for less than owed on the mortgage, accounted for almost 40% of the sales.

Millions of foreclosures have forced down home prices and the number of foreclosures are predicted to rise this year. The inventory of existing homes listed for sale rose 3.5% at the end of February, a 8.6-month supply at the current sales rate. As more homes are listed in the spring, the inventory of houses for sale will probably increase. A five or six month inventory is usually considered a healthy balance between supply and demand.

According to Moody’s Analytics, another 3.6 million bank-owned homes and possible foreclosures will be added to the inventory by 2013, adding to the 6.7 million home foreclosures since 2006. Thus housing inventories will probably continue to remain high, delaying the point when prices stabilize. The median sales price in February fell 5.2%, down to a price level not seen since April 2002.

“We have an uneven, choppy recovery,” said NAR’s chief economist Lawrence Yun. “Hopefully it is a recovery that is taking place.”

Friday, June 11, 2010

The great-granddaughter of former South Africa President Nelson Mandela has died in a car crash following a concert to open the World Cup.

The Nelson Mandela Foundation released a statement which said that thirteen-year-old Zenani Mandela, who celebrated her birthday on June 9, died in a single vehicle accident and that no one else was injured. The statement continued: “The family has asked for privacy as they mourn this tragedy.”

The driver of the vehicle of which Zenani Mandela was a passenger has been arrested and charged with drunk driving. He may also face culpable homicide charges, according to police.

South Africa has a poor road safety record and ranks ninth in the world for traffic fatalities. Traffic safety is feared to be a threat of injury to supporters to the World Cup.

Monday, February 16, 2009

In the 1970s, she was one of the most popular female vocalists in France, and became well-known internationally. Anne Marie David, from Arles in the south of France, parlayed her initial success from playing Mary Magdalene in the French production of Jesus Christ Superstar into taking home the “grand prix” at the Eurovision Song Contest in 1973. Her winning song, “Tu te reconnaîtras” (You will recognize yourself), became a Europe-wide hit that spring.

At the height of her popularity, David perfomed world tours, and even lived abroad in Turkey for a time. In 1979, she tried once again to win the Eurovision, and placed a respectable third. Her song “Je suis l’enfant soleil” (I’m a child of the sun) became similarly popular across France and in the Francophone nations.

As time went on, however, her place in the French music scene became less certain. Touring the world had taken a personal toll, and David decided to retire from music completely in 1987. However, with the help of her fan base, she was coaxed out of retirement in 2003 and is returning to a part of her life that she tried to leave, but never left her. Celebrating four decades in the music scene, David is looking forward to adventurous new projects and a newfound zest for life.

Anne Marie David corresponded with Wikinews’ Mike Halterman about her eventful career, her personal anecdotes regarding living abroad, her successes in past Eurovision contests and her grievances with the way the show is produced today. This is the second in a series of interviews with past Eurovision contestants, which will be published sporadically in the lead-up to mid-May’s next contest in Moscow.

Sunday, February 1, 2009

Two train derailments in two days have closed railway lines in Australia.

A Rio Tinto iron ore train derailled at Pilbara, on a spur of the Tom Price to Dampier line on Thursday 29. The following day, a freight train with 40 wagons derailed east of Kalgoorlie, injuring three people.

The second derailment has closed the line used by the long distance Sydney to Perth Indian Pacific passenger train. Operators Great Southern Railway expect to lose A$500,000 revenues as the line remains closed until at least Thursday. Police say heavy rain has affected the area, and the federal Australian Rail Track Corporation say that a new access road needs to be built in order to clear the wreckage and repair the track.

Rio Tinto have sufficient stocks of iron ore already in place to keep working. However, the freight train was carrying consumer products, which may run short in the south of Western Australia in the next few days. The Kalgoorie crash is to be investigated by the Australian Transport Safety Bureau, while maintenance company Transfield Services will also be examining the incident.

Wednesday, January 6, 2010

A failed test of security at Slovakia’s Poprad airport resulted in a 49 year-old man unknowingly carrying plastic explosives from Slovakia to Dublin, Ireland. The explosives were concealed so well that the man did not find them when he unpacked his bag at his apartment.

On Saturday, Slovak authorities planted contraband in passengers’ luggage at Poprad’s Poprad-Tatry Airport without the knowledge of passengers. Seven of the eight items were recovered, while an eighth made its way to an apartment in Dublin. Slovak authorities realised on Tuesday that one package of explosives were missing and notified Irish authorities who searched the man’s apartment.

During the search, parts of Dublin’s inner-suburbs were sealed off and evacuated causing disruption to residents and businesses. At the apartment authorities found the package and arrested the man under anti-terrorism laws; he was later released without charge after it was established he was innocent.

The man, a Slovakian electrician had been living in Ireland for some time. He was holidaying in Slovakia over Christmas.

Ireland’s Department of Justice, Equality and Law Reform issued a statement saying, “Following contact earlier today from the Slovakian authorities with the Airport Police at Dublin Airport, members of the Garda Síochána have recovered a small quantity of explosive material from the luggage of a passenger who had flown into Dublin from that country on Saturday last.”

The package contained 90 grams (3 ounces) of the plastic explosive RDX, also known as cyclonite or hexogen. According to Commandant Gavin Young, a spokesperson for the Irish Defense Forces, “On their own, this type of explosive does need to be combined with other elements to make it into a bomb, but obviously this type of high-grade explosive is potentially extremely dangerous.”

Slovakia’s Minister for the Interior Robert Kalinak has apologized to Irish Justice Minister Dermot Ahern over the incident and expressed his “profound regret”. Irish authorities are now investigating the incident and the government has ordered for a full report to be delivered.

The Irish Opposition has expressed concern about the incident. Labour Party spokesman Joe Costello said “This incident led to the closure of roads in the area, the evacuation of businesses and the lives and safety of residents could have been put at risk. We also need to know what protest the government is going to make about this breach of our security.”

A compilation of brief news reports for Sunday, April 15, 2007.

Writing in PPR, the Institute of Public Policy Research’s journal, Jasper Gerard has argued that, “When it comes to booze, society seems to have lost its senses,” and implies the UK has lost-the-plot on alcohol regulation.

The claim in comes alongside calls for ‘tough-love’ tactics to tackle the UK’s drinking culture in which a fifth of 11-15 year olds drink alcohol at least once a week.

Amongst the recommendations, is the idea that the legal drinking age, in the UK, should be raised to 21. Gerard states that with such a move, “it is at least possible that those in their early and mid teens will not see drink as something they will soon be allowed to do so therefore they might as well start doing it surreptitiously now.”

Both industry, and alcoholism support groups have already challenged Gerard’s comments.

Sources

• “Call to raise drinking age to 21” — BBC News Online, Sunday, 15 April 2007
• Jasper Gerard. “From mother’s milk to alcopops is too short a step” — The Observer, April 15, 2007

A flash flood sent a torrent of water rushing over two waterfalls in southern Thailand. More than 100 tourists and people celebrating Songkran (Thai New Year) were cooling off in the water beneath the falls. “Seven more dead bodies were brought to hospital this morning, bringing the death toll up to thirty-five,” said Sinchai Rongdej, the hospital director at Yantakhao district. Fifteen of the dead were children. Thirty-four of the confirmed dead were Thai, Sinchai said, while one of the victims was a Laos national. Latest reports from the Bangkok Post indicate that the death toll had risen to 39 by Sunday nightfall, including 17 children. Of those injured, 25 have so far been discharged from hospital..

Provincial governor, Arnon Manasvanich said, “The search is continuing, but my belief is we might find more bodies of women and children as they couldn’t escape in time.”

“We are still searching in the hope of finding survivors — we do have hope left,” said Colonel Sonthichai Awatanakulthep, Yantakhao police chief. In a later statement, Trang Province police Major-General Kachorn Siriwan admitted that at least 30 people were still missing.

Sources

• “Update: Killer flash floods devastate Trang celebrations” — Bangkok Post, April 15, 2007
• “Thai flash-flood deaths reach 35” — BBC News Online, April 15, 2007
• “Thailand searches for flood survivors” — Brisbanetimes.com.au, April 15, 2007

Five Iranians captured in January by the United States during a security operation in Erbil, Iraq are continuing to be held by US authorities, despite objections from the Iranian government.

BBC News reported that US Secretary of State argued for the their releaseon the grounds they were “no longer useful,” but was overruled by the White House. Iran claims the five captured are diplomats, while the US maintains that they are members of the Revolutionary Guard and were supplying arms, money, and military training to Iraqi insurgents.

However, since that report, Iran said it has received some signals concerning the possible release of the five Iranians, state television reported.

Related news

• “US raids Iran ‘liaison office’, Russia says it is unacceptable” — Wikinews, January 12, 2007

Sources

• “US ‘will keep Iranian detainees’” — BBC News Online, April 15, 2007
• AP. “Iran: Signals on 5 Diplomats” — The Washington Post, April 15, 2007

Sunday was another violent day in Baghdad. Bomb attacks on a market place and a mini-bus, claimed the lives of as many as 35 people in Shi’ite neighborhoods of Iraq’s capital city.

Two car bombs went off within minutes of each other at a market place in the al-Shurta al-Arabaa district. The second bomb may have been targeting rescuers. At least eighteen are dead and many wounded.

In Kadhimiya in northern Baghdad, a suicide bomber boarded a minibus. Six were killed and eleven wounded when the explosives belt detonated.

In Karrada, an affluent neighborhood of Baghdad, a parked minibus blew up in a street with electronics shops, possibly targeting a police patrol. Five were left dead and another ten injured.

Separately, two British Puma transport helicopters crashed after they reportedly collided. Two crew members were killed.

Sources

• “Bomb attacks strike Iraqi capital” — BBC News Online, April 15, 2007
• Paul Tait. “Baghdad bombs kill 26, British helicopters crash” — Reuters, April 15, 2007