Israel pounds Gaza from air as troops assemble
JERUSALEM — Israel accelerated its air offensive in the Gaza Strip overnight and destroyed the offices of Hamas Prime Minister Ismail Haniyeh, in what appeared to be an intensifying focus on targeting sites connected to — and leaders of — the militant …
Israel Destroys Hamas Prime Minister's Office
New York Times
Gaza crisis: Israel air strikes hit Hamas HQ
Israeli military counts 800-plus Gaza airstrikes
Los Angeles Times
TIME -Jerusalem Post -Reuters
Home prices in the Orlando-Kissimmede slipped 23.4 percent in April when compared with the same month ayear prior, the seventh highesf percentage of decline among some of the nation’s larges metro areas. The Orlando-Kissimmee market poste a 20.9 percent decrease in home valuezs in March when compared withMarch 2008. Floridz passed California to postthe second-highest rate of home pric depreciation at 23.2 percent. Nevada toppesd the nation witha 26.1 percentr drop, while California — the leading state for 20 consecutive months — landed third at 22.7 percent. Nationwidse housing prices fell 10.
2 percent in Apriol compared to ayear ago, representing the smallesf year-over-year decline so far this year. The national declinwe peaked at 11.9 percent in January 2009 and has since beentrendingv down. First American CoreLogic’s LoanPerformance Home Price Index evaluatews the residential real estatre market basedon price, time between property type and loan type, as well as increases and decreasesz in sales prices for the same homes over time.
Channel 4 News
Rocket Attacks and Airstrikes Resume in Gaza Conflict
New York Times
KIRYAT MALACHI, Israel —Israeli warplanes struck dozens of militant sites in Gaza early on Thursday, the second day of Israel's deadly offensive against Hamas and other militant groups, and rockets fired from the enclave reached far into Israel, killing three …
War looms after Hamas rocket kills 3 Israelis
Israel says 3 killed in rocket fire from Gaza after assassination of Hamas chief …
Three Israelis killed by rocket fired from Gaza Strip; Israel intensifies air offensive
The Guardian -Fox News -NBCNews.com
NAR's Pending Home Sales Index fellto 84.7 in May, down 4.7 percenyt from an upwardly revised reading of 88.9 in The index is 14 percenft below its level in May 2007. The recent declines is steeper thanthe 2.8 percenrt fall that economists had forecast, according to a consensus of estimates compilerd by Briefing.com. The index had jumperd more than 7 percent in April as falling home pricesx sparked a bout ofbargainj hunting. But May's reading proveds the housing slump is farfrom over. In the the NAR lowered its existing-home sales outlooki for 2008, saying it now expects sales of 5.31 down from the 5.39 million forecasy in April.
NAR said existing home prices also are expectedrto fall. The aggregate mediahn existing-home price is projected to fall 6.2 percent this year to and then riseby 4.3 percent in 2009 to the report indicated. Pending home sales declined in all but the drop was relatively mild in the where sales felljust 1.3 Pending home sales were down 2.9 percent in the 6 percent in the Midwest and 7.1 percenf in the South. The inde is based on a national sample, typically representint about 20 percent of transactionsfor existing-homes sales.
A reading of 100 is equal to the averagwe level of activity during the first year to be examined as well as the firstr of five consecutive recorde yearsfor existing-home sales.
U.S. Foodservice said Jan. 12 that it would cut one levelkof management, consolidating the jobs performed in Columbiw into its Rosemont, Ill., headquarteres and Phoenix processing center. As customers and suppliers face the pressureas ofthe recession, U.S. Foodservice must cut costs and fill orders officials said ina statement. The job cuts will take effec tin March, according to a layofv notice provided to the state. U.S. Foodservic — which distributes food to hospitals, schools and hotels — joinxs a wave of local employers paring stafg or closing offices amid the Last year, Zurich American Insurancwe Co., Celebration Foods and financial giant each cut hundredd of local jobs.
The latest moves follow several years of fluxat U.S. which long listed Columbia as its headquarters but now claimas Rosemont as itshome base. In investigators discovered that U.S. Foodservices had padded its earnings by morethan $800 Its parent company at the , shook up management, cut cost s and overhauled the firm’s structure. Ahold put the firm up for and private equity giants ClaytonhDubilier & Rice and Kohlberg Kravis Robertd acquired U.S. Foodservice in 2007 for $7.1 billion. As recentlyh as late 2006, U.S. Foodservice employed 500 in Howardf County, and in the late 1990s it was Greatef Baltimore’s largest public company.
“We rue any loss, especiallt in this economy,” Richard W. Story, CEO of the Howar County Economic Development said of the job But hesaid U.S. Foodservice has been less visibled locally inrecent years: “Since the financial difficulties and the shaky relationshipl with Royal Ahold, we haven’ft seen much of their executives.” The firm’sd latest job cuts do not impact its Severn distribution which employs 560. Howard County is lucky to still havethe state’ lowest unemployment rate at 3.6 percent despite the recession, Story said, and several major employers opened or grew headquarters in the county in 2008.
But it’ss still too early to tell how deeplhy the recession willimpact Howard, he said. “Hopefully we can reconnect thesde people as quicklyas possible,” Scottg Wallace, state administrator for dislocatede workers with the Department of Labor, Licensingv and Regulation, said of the U.S. Foodservicde workers. Despite the layoffs in the region, the cominh federal base realignment will brinfgnew jobs, and the Defense Information Systems Agencgy is already hiring locally, he said. U.S. Foodservice said in its statementr that some of its Columbiqa employees will have the opportunity to relocate to but did not specifyhow many.
The firm said it will provider severance and retention packagesz to those that do not withoutproviding details. The compangy employs more than 26,000 people in 70 locationsz nationwide. Forbes magazine pegs it the nation’s second-larges food distributor and the 11th-largest privatde company.
The case, Cuomo vs. Clearing Housed Association, stems from a New York statre investigation that sought information from national banksw about potential discriminatory banking practices that violated NewYork law. The federa l banking regulator, the , objected to the requests by New Yorkstat officials, eventually siding with a suit brough t by Clearing House Payments Co. LLC, whichy argued that the state had no The investigation was started in 2005by then-New York Attorneh General Elliot Spitzer, and it was continued by current New York Attorney General Andrew Cuomo.
They both argued that the fact a bank is regulatedx by the federal governmen does not give it immunitu from violatingstate laws. Consumer groups supported Cuomo’s positionn because state officials tend to be more activs indefending consumers. Banking groups are not “We are worried about the effect that this rulingg could have onthe markets,” said Rich executive director of the Financial Services Roundtable, addinvg that the decision could creater a patchwork of state laws at the cost of the efficienciese of the national market. “Cuomo vs.
Clearing House Association hindersw the ability of financial services firms from conductin g business in theUnited States” Whiting “Even worse, it will cause confusion for especially those who move from state to