Sales of new single-family houses fell 2.3 percent in August from July, the Census Bureau and Department of Housing and Urban Development just reported. The annualized rate: 295,000 sales.
The report underscores the weakness of the housing market, The Associated Press says. Sales have now fallen four straight months and are at a six-month low. Economists, according to the AP, say the pace needs to be about 700,000 "to sustain a healthy housing market."
With its white sand beaches and tropical weather, for visitors, Puerto Rico is close to paradise. But for those who live there, the past decade has been difficult. For most of that time, Puerto Rico has been in a recession.
To see Puerto Rico's economy up close, a good place to start is Rio Piedras. It's a former suburb, now a bustling neighborhood in Puerto Rico's capital, San Juan.
GREENVILLE - Trial is scheduled this week for a Greenville man who is alleged to have engaged in a shootout with police last summer.
Francisco Javier Davila-Rodriguez is alleged to have shot and slightly wounded a man on Texas Street in July 2010. Davila-Rodriguez then reportedly got into a shootout with Greenville Police before he was eventually apprehended.
A round from his gun was also said to have struck a window of a residence down the street, narrowly missing a mother and her child inside.
Kenya's Patrick Makau ran the Berlin Marathon on Sunday in a new world record time — 2 hours, 3 minutes and 38 seconds. He shaved 21 seconds off the previous record, set by Ethiopia's Haile Gebrselassie on the same course in 2008.
Originally published on Mon September 26, 2011 4:00 am
Gen. Abdul Raziq is the acting police chief of Afghanistan's Kandahar province. Just 33 years old, he's a former warlord on whom the United States relied during its 2010 "surge" operation. But Raziq is also accused of brutal abuses of power, even massacring his tribal rivals, according to a new article in The Atlantic.