Housing, the sector that led us into the recession, now looks to be one of the brighter spots in the economy. Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.
The question, of course, is whether this is a solid enough foundation to sustain a full housing recovery.
Lawrence Yun, the chief economist for the National Association of Realtors, says housing woes are largely behind us.
The latest national security issue to figure in the presidential campaign has little to do with Iran, Afghanistan or other foreign policy challenges. Mitt Romney is instead focusing on what he and other Republicans allege is the Obama administration's record of leaking classified information for political purposes.
NASA's newest space telescope will start searching the universe for black holes on Wednesday. Scientists hope the NuSTAR X-ray telescope, which launched about six weeks ago and is now flying about 350 miles above the Earth, will help shed some light on the mysteries of these space oddities.
Mission control for the telescope is a small room on the University of California, Berkeley, campus, where about a dozen people with headsets rarely look up from their screens.
Raffaele Lombardo, the governor of Sicily, speaks to reporters after his meeting with Italian Prime Minister Mario Monti in Rome last week. Lombardo has been accused of having ties to the Mafia in Sicily.
In antiquity, Sicily was known as Greater Greece. Now, the eurozone crisis has led to sharp spending cuts and, with an economy based on public sector wages, Sicily is being called Italy's Greece. The central government fears the region's debt of more than $6 billion could further endanger the country's financial stability.
Worried about contagion, the Rome government is dictating on Sicily tough bailout conditions similar to those international lenders imposed on Greece.
Originally published on Sun August 5, 2012 11:01 am
As Mitt Romney nears the end of his seven-day trip abroad, it's safe to call the results mixed at best.
The trip to Great Britain, Israel and Poland had several goals. It was meant to show that Romney has the gravitas and acumen to be this country's top foreign affairs policymaker; to remind U.S. voters of his success running the 2002 Salt Lake City Olympics; to appeal to certain voters in battleground states, especially Jewish and Catholic voters of Polish heritage, and to raise campaign cash.