Foreclosures Rise to 24% of U.S. Home Purchases as Short Sales Increase

Foreclosures Rise to 24%

of U.S. Home Purchases

as Short Sales Increase

Feb-29-2012--US homes in or nearing foreclosure accounted for almost a fourth of residential purchases in the last three months of 2011 as lenders approved more short sales, where the price is less than the amount owed. Deals for bank-owned and distressed properties rose to 24 percent of total home sales from 20 percent in the third quarter, “We expect to see foreclosure-related sales increase in 2012, particularly pre-foreclosure sales, Banks may “aggressively” resume unloading distressed property after an 18-month delay brought on by federal and state legal probes into flawed foreclosure paperwork and documentation, The fourth quarter showed lenders turning to short sales as a “better option” than holding a house whose borrower doesn’t make any payments,

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Stocks rise,

heading for best February in 14 years

Feb-29-2012--The Nasdaq composite index cracked 3000 on Wednesday for the first time since December 2000 as the stock market headed for its best February finish in 14 years.

The milestone for the Nasdaq, heavy with technology stocks, came a day after the Dow Jones industrial average closed above 13,000 for the first time since May 2008.

Stocks opened higher after the government said that the economy grew faster at the end of last year than previously estimated a 3 percent annual rate, the best reading since the spring of 2010.

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Ron Paul SCHOOLS Ben Bernanke

on PYRAMID SCHEME!

Feb-29-2012--Today at the Financial Services Hearing, Ron Paul taught Ben Bernanke a thing or two about economics and real money!

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Ben Bernanke Schools Ron Paul on Gold

Feb-29-2012-Consumer spending is an important issue, but the congressman is mistaken in saying that the Federal Reserve has spent any money. They have lent money. That's not dissipation of the money. They have got all of the money back.

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Deadly Tornadoes Strike the Midwest

Feb-29-2012--At least nine people are dead after a string of tornadoes sweeps through the Midwest; Kansas, Missouri, Illinois and Indiana all dealing with widespread damage.

More than 100 people have been hurt as homes were crushed by the storms' powerful winds.

And the danger isn't over yet.

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At Least 13 Killed as Tornadoes

Rake Midwest States

Feb-29-2012-BRANSON,Mo-At least 13 people were killed overnight as a line of tornadoes marched across the Midwest, flattening parts of several towns, officials said Wednesday. Hardest hit was Harrisburg, Ill., where 10 deaths were reported, along with nearly 100 injuries and at least 200 homes destroyed or damaged.

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Iran's Most Powerful Take Feud to the Polls

Feb-29-2012- Iran's parliamentary elections on Friday are shaping up as a contest by proxy between President Mahmoud Ahmadinejad, who seeks public endorsement of his efforts to wield broad authority,

and Supreme Leader Ayatollah Ali Khamenei, who has struggled to keep his populist president in check.

Supporters of Supreme Leader and President Vie for Dominance; Regime Loyalist Sees a Contest Between 'Better and Best.'

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Divided conservatives clash in Iranian elections

Feb-29-2012-Iran's parliamentary election on Friday will pit allies of President Mahmoud Ahmadinejad against those loyal to Supreme Ayatollah Ali Khamenei

It is the country's first national election since a disputed presidential poll in 2009

The contest is being boycotted by reformist groups and not all Iranians will vote in protest at the status quo. Iranian filmmaker Nasser Taghavi "Going to the polls doesn't make any difference"

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Top French court strikes down genocide bill

Feb-29-2012--PARIS/ANKARA - France's highest legal authority ruled Tuesday that a new law that would have made it illegal to deny the mass killing of Armenians by Ottoman Turks nearly a century ago was unconstitutional, a move quickly welcomed by Turkey.

Turkey, which recognizes that many Armenians died in 1915, says "genocide" is an inaccurate term to describe the events because it argues that thousands were killed in massacres and counter-massacres led by both Turks and Armenians. Armenians argue that 1.5 million of their people were killed deliberately by the Ottoman Turkish Empire.

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Interpol website suffers

'Anonymous cyber-attack'

Feb-29-2012--Interpol's website appears to have been the victim of a cyber-attack after the international police agency announced the arrests of 25 suspected members of the hacking activist group Anonymous in Europe and South America.

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Cautious welcome for North Korea

nuclear freeze

Feb-29-2012--North Korea's pledge to suspend uranium enrichment, as well as nuclear and long-range missile tests, has received a cautious international welcome.

The announcement comes two months after Kim Jong-un came to power following the death of his father, Kim Jong-il. Correspondents say it could pave the way for the resumption of six-party disarmament negotiations with Pyongyang, which broke down in 2009.

North Korea's nuclear issue, a concern now for over 20 years, has long been a game of cat and mouse - or snakes and ladders. ”

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Syria prepares to 'cleanse' rebels

Feb-29-2012--The Syrian regime has shown a new determination to crush its opponents, vowing to "cleanse" a rebel-held district in the besieged city of Homs after nearly four weeks of shelling.

Government troops massed outside the embattled neighbourhood of Baba Amr, raising fears among activists of an imminent ground invasion that could endanger thousands of residents, as well as two trapped Western journalists who have been under heavy bombardment.

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Try Assad for war crimes:

Hillary Clinton

Feb-29-2012-The US is mounting pressure on Syrian president Bashar al-Assad to step down as violence continues to escalate.

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America is the greatest nation in human history.

America is the greatest nation

in human history.

Feb-27-2012-Our respect for individual liberty, free markets, and limited constitutional government produced the strongest, most prosperous country in the world.

But, we have drifted far from our founding principles, and America is in crisis.

“Restore America” plan slams on the brakes and puts America on a return to constitutional government.

the power of the Veto & the united voice of freedom-loving Americans.

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The end of American Exceptionalism-1 to 3

Feb-27-2012--The Limits of Power: Andrew Bacevich on the End of American Exceptionalism Andrew Bacevich is a conservative historian who spent twenty-three years serving in the US Army. He also lost his son in Iraq last year. In a new book titled The Limits of Power: The End of American Exceptionalism, Bacevich argues that although many in this country are paying a heavy price for US domestic and foreign policy decisions, millions of Americans simply continue to shop, spend and satisfy their appetite for cheap oil, credit and the promise of freedom at home.

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America is the greatest nation in human history.

America is the greatest nation 

in human history. 

Feb-27-2012-Our respect for individual liberty, free markets, and limited constitutional government produced the strongest, most prosperous country in the world. 

But, we have drifted far from our founding principles, and America is in crisis. 

“Restore America” plan slams on the brakes and puts America on a return to constitutional government. 

the power of the Veto  &  the united voice of freedom-loving Americans.

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American Exceptionalism, Part 1-2

Feb-27-2012--Part 2 of 5 -- Dennis talks to Charles Murray, senior fellow at the American Enterprise Institute, about Murray's fear that we are giving up some fundamental American values to become more like European socialists. Is this what Americans really want or is it just sneaking up on us?

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Weekly Address:  

Feb-27-2012--An All Of The Above Approach to American Energy President Obama talks about how important it is to embrace an all-of-the-above approach to addressing our nation's energy challenges .

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Days Before Presidential Election, Russian TV Reports a Weeks-Old Plot to Kill Putin

Feb-27-2012--MOSCOW - Russian television reported on Monday that the Ukrainian and Russian intelligence services had worked together over many weeks to thwart an assassination attempt on the Russian prime minister, Vladimir V. Putin.  “This is a sign that the real leaders of Mr. Putin’s political structure, the people from the Federal Security Service, are trying to mobilize public opinion according to the logic that we are surrounded by enemies and that we have one decisive, effective and intelligent national leader that they want to destroy,” “The timely disclosure of this conspiracy against this leader is a serious addition to the electoral rating of the potential president.”

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In Russia, 'No Romantic Notion of Revolution' Before Election

Feb-27-2012- Russian protesters formed a human chain in Moscow Sunday to register their opposition toward Prime Minister Vladimir Putin and his bid to become president again. Margaret Warner reports on the upcoming election as reports emerge of an alleged assassination plot and pressure mounts on Russia to change its policy toward Syria. 

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Dow has another near-miss with 13000

Feb-27-2012--The blue-chip index flirts with the psychologically important milestone for fifth straight session only to fall short again. A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones Industrial average. The Dow Jones industrial average Tuesday will make its sixth attempt to cross the 13,000 milestone.

The blue-chip index has flirted with the psychologically important level for five straight sessions, only to fall short each time. Late-day selling Monday undercut what would have been the stock market's latest milestone in its recovery from the 2008 financial crisis.

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A Crucial Test for Romney

Feb-27-2012 --DETROIT-Michigan's Republican presidential primary Tuesday is more than a test of Mitt Romney's ability to win his native state. It's a test of a central thesis of his campaign: He has the best chance of beating President Barack Obama.  A Romney spokesman blasted that approach. "Rick Santorum has moved beyond just 'taking one for the team.' He is now willing to wear the other team's jersey if he thinks it will get him more votes," said spokesman Ryan Williams. 

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US election 2012: 

Mitt Romney savages 'nice guy' Rick Santorum over job record

Feb-27-2012--A day ahead of the crucial Michigan primary, the Republican presidential candidates battle for votes with Mitt Romney on the attack over the economy.

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Fears Expressed Over GOP Candidates

Feb-27-2012--Republican leaders and voters are becoming concerned that the extended GOP presidential primary is weakening the party's candidates by accentuating positions that will make it harder to win the bigger battle against President Barack Obama. The fear has surfaced in Michigan, where many conservatives question the wisdom of Mitt Romney's repeated attacks on the auto unions in a state where more than a third of all voters live in a union household. 

Syrian activists: 

64 bodies found near Homs in one of the worst mass killings

Feb-27-2012--BEIRUT -The bodies of dozens of men were found dumped on wasteland on the outskirts of the stricken city of Homs on Monday in what appeared to be one of the worst instances of mass killing since the uprising against President Bashar al-Assad began last March.

The Local Coordination Committees, an opposition group, said that the bodies of 64 men were taken to the National Hospital in Homs and that an unknown number of women and children who had been with them are missing. Activists said they believed that the men had been trying to flee the violence with their families when they were stopped and gunned . 

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Syria Protesters Met By Assad Gunfire - 

Feb-27-2012--This is Al Harra in Daraa Region of Syria where a small group of anti- Assad demonstrators are met by gunfire from the dictator Assad Security Forces. 

Random gunfire in the neighborhood of Asheera and news of the fall of injuries

Several RPG shells on the neighborhood of Mreijeh in Bab Sbaa and reports about the fall of wounded .

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Bodies of slain US officers return home

Feb-27-2012--Dover, Delaware -Troops in white gloves and camouflage carried a pair of flag-draped caskets off an Air Force transport Monday as the bodies of two senior US military officers killed inside Afghanistan's interior ministry arrived home.

Air Force Lt. Col. John Loftis and Army Maj. Robert Marchanti II were gunned down Friday when an Afghan intelligence officer turned his gun on them inside the ministry, Loftis and Marchanti were killed in a spasm of violence that followed the burning of copies of the Quran, the Islamic holy book, in what U.S. President Barack Obama has called an accident. 

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Cyber War Threat: 

US to fight enemy it created itself

Feb-27-2012--The U.S. government is about to declare a new war, but this time the enemy is a virtual one. A string of attacks on government websites by hackers has driven American policy-makers into a state of high-alert over a so-called terrorist threat. But some doubt the danger even exists 

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S&P Declares Greece in Default

Feb-27-2012--Greece became the first euro-zone member officially to be rated in default, 13 years after the single European currency was adopted to strengthen the European Union. 

Standard & Poor's cut Greece's long-term credit rating to selective default from double-C. The move was expected, as S&P said this month that it would consider Greece in default if it added "collective-action" clauses to its sovereign debt, effectively forcing all bondholders to accept a bond-swap offering. Greece's Parliament approved that measure last week. 

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