Wednesday, February 20, 2013

Rubio awash in campaign cash selling water

HOUSTON (Reuters) - Michael Jordan never played against LeBron James but that has not stopped the two from going one-on-one over how to determine greatness on the basketball court. Jordan, widely hailed as the best player of all-time and who turns 50 on Sunday, believes it is all about championship rings, while James, 28, thinks that view is a little too simplistic. The debate has been the chief talking point of reporters and players in the run-up to the National Basketball Association's (NBA) All-Star game in Houston on Sunday. ...

Source: http://news.yahoo.com/rubio-raises-100-000-off-water-bottle-234123237--abc-news-politics.html

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Monday, February 11, 2013

Man shoots dead 2 women then killed by gunfire in Delaware

WILMINGTON, Delaware (Reuters) - A man stalking one of his victims shot and killed two women waiting to pass through metal detectors at a courthouse in Wilmington, Delaware, on Monday and was then killed himself after an exchange of gunfire with police, officials said.

Two male police officers, aged 42 and 50, were also struck by bullets in the early morning shooting at New Castle County Courthouse but were saved by their bullet-proof vests, Delaware State Police Sergeant Paul Shavack said at a news conference. They were treated in hospital with non-life-threatening injuries.

The gunman, whose age is between 50 and 60, was believed to have been targeting one of the women, Shavack said. He declined to comment on reports that one of the women was the gunman's wife.

"This was not a random shooting," Shavack said.

It took place amid a national debate over gun violence that has gained urgency after December's shooting of schoolchildren in Newtown, Connecticut.

Police said shots rang out shortly after the courthouse opened at 8 a.m. and the two women were struck as they waited to walk through the metal detectors set up for people entering the courthouse through the lobby.

There was an exchange of gunfire with officers stationed at the metal detectors and the assailant was killed. It was unclear whether he took his own life or was shot by police, Shavack said.

Police declined to release any further information about the identity of the gunman or his victims. Authorities were reviewing surveillance tape, 911 calls and interviewing witnesses to determine what happened.

"An exchange of gunfire took place, we have these people shot," Shavack said. "I can't give you details of who shot who."

In a statement, Delaware Governor Jack Markell, said: "Our thoughts and prayers right now are with the victims of this senseless violence and the Capitol Police officers who put their lives on the line to protect the courts and public every day."

(Reporting by Tom Hals, writing by Colleen Jenkins; Editing by G Crosse and Grant McCool)

Source: http://news.yahoo.com/police-shoot-kill-gunman-delaware-courthouse-144800794.html

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Wednesday, February 6, 2013

US home prices rose last year by most in 6.5 years

WASHINGTON (AP) ? U.S. home prices jumped by the most in 6 ? years in December, spurred by a low supply of available homes and rising demand.

Home prices rose 8.3 percent in December compared with a year earlier, according to a report Tuesday from CoreLogic, a real estate data provider. That is the biggest annual gain since May 2006. Prices rose last year in 46 of 50 states.

Home prices also increased 0.4 percent in December from the previous month. That's a healthy increase given that sales usually slow over the winter months.

Steady increases in prices are helping fuel the housing recovery. They're encouraging some people to sell homes and enticing would-be buyers to purchase homes before prices rise further.

Higher prices can also make homeowners feel wealthier. That can encourage more consumer spending.

Most economists expect prices to keep rising this year. Sales of previously occupied homes reached their highest level in five years in 2012 and will likely keep growing. Homebuilders, encouraged by rising interest from customers, broke ground on the most new homes and apartments in four years last year.

Ultra-low mortgage rates and steady job gains have fueled more demand for houses and apartments. More people are moving out into their own homes after doubling up with friends and relatives in the recession.

At the same time, the number of previously occupied homes for sale has fallen to the lowest level in 11 years.

"All signals point to a continued improvement in the fundamentals underpinning the U.S. housing market recovery," said Anand Nallathambi, CEO of CoreLogic.

The states with the biggest price gains were Arizona, Nevada, Idaho, California and Hawaii. The four states where prices fell were Delaware, Illinois, New Jersey and Pennsylvania.

The housing recovery is also boosting job creation. Construction companies have added 98,000 jobs in the past four months, the best hiring spree since the bubble burst in 2006. Economists forecast even more could be added this year.

Housing has been a leading driver of past recoveries. But the bursting of the housing bubble pushed a flood of foreclosed homes on the market at low prices. That made it hard for builders to compete.

And a collapse in home prices left millions of homeowners owing more on their mortgages than their houses were worth. That made it difficult to sell.

Now, six years after the bubble burst, those barriers are fading. Some economists forecast that housing could add a point or more to economic growth this year.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2013-02-05-US-Home-Prices/id-908daab1b09c41bda11aaa15ad86d7bd

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