Posted on April 24th 2014
THE number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that real estate's spring buying season is off to a weak start.
The Commerce Department says sales of new homes declined 14.5 per cent last month to a seasonally adjusted annual rate of 384,000.
The US dollar is losing its dominance on global trade amid spiraling tensions between Washington and Moscow over Ukraine, says an analyst.
In his Friday column for Press TV website, F. William Engdahl said Russia and leading trading countries are developing “alternatives to using the US dollar for their bilateral trade.”
The Ukrainian authorities seek to escalate conflict with Russia so as to call for the support of the West, NATO and the EU, while Right Sector plays the role of the illegal infantry of the Kiev government, journalist Manuel Ochsenreiter told RT.
Do you think the shoot-out in Slavyansk on the weekend indicates the interim authorities in Kiev are losing control?
U.S. home resales fell to their lowest level in more than 1-1/2 years in March, but there were signs a recent downward trend that has plagued the housing market may be drawing to an end
The National Association of Realtors said on Tuesday home sales slipped 0.2 percent to an annual rate of 4.59 million units, the lowest level since July 2012
Lies have shorter and shorter legs. Two months after the change of regime in Kiev, the Polish press has disclosed the role of Donald Tusk’s government in preparing the coup. The new revelations belie Western discourse and demonstrate that the current interim government of Oleksandr Tourtchynov was imposed by NATO in violation of international law.
That February spike that was the catalyst for oh so much aggressive JPY selling and US equity buying and "see, we told you so, here comes the post-weather pent-up-demand exuberance" has been crushed by the sad and painful truth of reality. For the 2nd month in a row, Markit's US PMI dropped and missed expectations... despite weather being a thing of the past. Sadly the story gets worse, as Markit notes "on the inflation front, manufacturers experienced afurther solid increase in average cost burdens in April," adding that pricing pressures, "will feed fears that therecovery remains on a weak foundation of intense price competition."
Russia’s UN Ambassador Vitaly Churkin said the US is to blame for the events in Ukraine as it invested $5 billion in regime change in the country and therefore “pushed through the most radical scenario.” He was commenting on the statement by US Assistant Secretary of State Victoria Nuland who told CNN Monday that the US had invested around $5 bn in supporting democracy in Ukraine since the fall of the Soviet Union.
Russia will respond if its interests are attacked in Ukraine, as they were in South Ossetia in 2008 which led to war with Georgia, Foreign Minister Sergei Lavrov has said.
Issuing a blunt warning, Mr Lavrov said: "If we are attacked, we would certainly respond."
"If our interests, our legitimate interests, the interests of Russians have been attacked directly, like they were in South Ossetia for example, I do not see any other way but to respond in full accordance with international law."
An autopsy is planned for an elderly man who was found dead inside a portable toilet that he might have been living in for months.
The man’s remains were discovered Sunday by a security guard at a municipal boat launch on 9 Mile Road near Jefferson Avenue in St. Clair Shores, just outside the Detroit city limit.
Ukraine's acting president Oleksander Turchinov called for the relaunch of an anti-terrorist operation Tuesday in the east of the country after what he claimed to be the "brutally tortured" body of a local politician was found near the separatist-controlled city of Slaviansk. Turchinov said Volodymyr Rybak, a member of Turchinov's Batkivshchyna party, had recently been abducted by "terrorists” with full Russian support. The Ukrainian leader waited for US Vice President Joe Biden to end his visit to Kiev before leveling the latest latest charge and ordering armed action in violation of the Geneva accord.
The mood in Britain's factories is at its most upbeat in more than 40 years, a survey by the CBI shows, in what could prove to be an important pre-election boost for the government.
A combination of strong growth in orders both at home and abroad is driving a rapid rise in confidence among manufacturers, according to the business lobby group.
The CBI said 41% of manufacturers surveyed were more optimistic about business than three months ago, with just 8% less optimistic. That gave a balance of +33 points – the highest since April 1973.
Facebook profits tripled to $642m as revenues soared 72% in the first quarter of 2014, with the company continuing to shift its customers – and advertisers – to its mobile platform.
Comfortably beating analysts’ expectation the company said Wednesday that it had revenue of $2.5bn (£1.5bn) in the first quarter. Revenue from advertising totalled $2.27bn, an 82% increase from the same quarter last year. Mobile advertising revenue represented approximately 59% of ad revenue for the first quarter of 2014, up from approximately 30% in the first quarter of 2013.
Hundreds of U.S. troops are headed for maneuvers in Eastern Europe through year’s end, the Pentagon announced, new deployments intended to reassure allies on Russia’s borders as violence took a sinister turn Tuesday in embattled Ukraine.
Vice President Joe Biden, in a visit to Kiev, warned Russia to pull back its troops and abide by last week’s international agreement or face the certainty of swift new sanctions. Biden also urged Ukraine’s leaders to adhere to democratic principles and respect cultural differences, reassuring them, “You will not walk this road alone.”