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US New Home Sales Drop 12.4% to Record Low
New home sales fell to record lows in July as the real estate housing market in the US continued to suffer from a slow and fragile economy. Single-family home sales dropped a staggering 12.4 per cent to a 276,000 unit annual rate from a downwardly revised...
100,000 Jobs at Stake Due to BP Oil Spill: Experts
US energy experts warn that the oil spill in the Gulf of Mexico could cost up to 100,000 jobs as unemployment figures continue to rise in the state of Louisiana. Figures released by the US Department of Labour showed how the unemployment rate in Louisiana...
Israeli Military Strike on Iran Will Lead to a Long War says new report
According to a new report released by The Oxford Research Group, an Israeli attack on Iran would likely be the start to a “long war” with both regional and global consequences. The new report, by Paul Rogers, professor of peace studies at...
Turkish PM was Mossad hit target claims Jordanian weekly
According to recent reports by Press TV a Jordanian weekly says Mossad, the Israeli intelligence agency has failed in an attempt to assassinate Turkey’s PM Recep Erdogan. Various other reports suggest that Israel has been inciting violence inside...
40 million Americans rely on food stamps, new record
According to the latest government figures on food stamps, 40 million American received them as part of the federal anti-hunger program, which helps poor peple buy food. With the unemployment rate edging towards 10 per cent, according to the latest report...
Debt rating of Spain suffers downgrade
Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...
European Air Traffic Grinds to a Halt
Eruption of Eyjafjallajökull Volcano, Iceland Brussels, Belgium – The EUROCONTROL Central Flow Management Unit was advised yesterday afternoon of a volcanic ash cloud moving from Iceland in a easterly direction towards north western European countries. In...
Undersea Volcano Could Trigger Tsunami Wipe Southern Italy
A gigantic undersea volcano could result in a tsunami that would wipe the southern coast of Italy if it erupts, according to a volvanologist. The walls of the largest underwater volcano in Europe could collapse, releasing thousands of tons of magma, which...
South Korean ship sinks under unexplained circumstances
A South Korean naval ship sank Friday raising fears around the globe of a possible North Korean attack, despite no evidence that Pyongyang had anything to do with the incident. The cause of the sinking was a hole in [the ship's] stern” said South...
