Low Prices and Rates Can't Slow Fall in Home Sales

"In Washington the number of homes lingering on the market has swelled in July.Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long? Sales of...

Dow slumps 7% on Black Monday, gold, dollar up « Peter J. Cooper’s Weblog

" But on Black Monday only one section of the stock market showed positive results: precious metal shares which had a leveraged gain on the gold price. In the choppy waters of financial markets this week there may be a chance for late-comers to the precious metals ball to...

Congress Under Pressure for Weekend Deal

"     The U.S. Congress and the Bush administration were under intense pressure on Saturday to negotiate a $700 billion rescue for the financial industry to free up frozen credit before world markets reopen next week. "I'm convinced...

End of ceasefire 'imminent' as more rockets fired from Gaza

The cease-fire in Gaza appears to be all but over as more rocket attacks have been launched into Israel. It wasn't even able to last mroe than a week." Palestinian militants in the Gaza Strip fired two mortar shells into southern Israel today, as the week-long ceasefire deal...

Guilty plea in US-China spy case

BBC News Reports"A Chinese woman living as a permanent resident in the US has pleaded guilty to helping to spy for Beijing on US military relations with Taiwan.Yu Xin Kang, 33, confessed to aiding and abetting Chinese spy Tai Shen Kuo, who obtained classified information from...

Court: BP explosion victims were wronged

"TEXAS CITY — An appeals court ruled Wednesday that the U.S. government violated the rights of victims in the explosions at the BP America refinery in Texas City because the government reached a plea bargain with BP without consulting the victims."