Word: april
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...good" news in the housing market is that more homes are selling. The number of existing homes sold in May was 2.4% higher than the number sold in April, which itself was higher than the number sold in March. (Those figures, from the National Association of Realtors, are annualized and seasonally adjusted.) Yes, prices are still falling, thanks largely to foreclosures and short sales, but at least the market is starting to show signs of life. New data from the S&P/Case-Shiller 20-city home-price index indicate that home prices in April dropped less than they did in March...
...diary appeared on the Internet in late April, without much hype, initially drawing about 1,000 or so curious onlookers to the site and its inevitable Twitter feed, where followers speculated about whether Zack16 was a bizarre new Metamorphosis-meets-My So-Called Life scripted dramedy or an ad for something. After a few reporters picked up on it, the buzz grew, and it was revealed to be the latter. Specifically, it's an online campaign for Procter & Gamble's Tampax...
...dragged him to a jeep and drove away. All that his family would know about their missing son was that his shopping bags with meat and rice for that evening's dinner were found in the dusty road near an olive grove. Over the course of several days in April last year, the boy says he was moved from an army camp to a prison, where he was crammed into a cell with five other children, cursed at and humiliated by the guards and beaten by his interrogator until he confessed to stone-throwing. (See pictures of Israeli soldiers sweeping...
...Aviv Netanyahu's Change of Heart For the first time since assuming office in April, Israeli Prime Minister Benjamin Netanyahu endorsed the prospect of establishing a demilitarized Palestinian state. Netanyahu's departure from his hawkish stance against statehood was welcomed as a "positive movement" by President Obama, who has pressured Israel to resume peace efforts. But senior Palestinian officials vehemently rejected Netanyahu's statements; negotiator Saeb Erekat said the Prime Minister's intransigence on crucial sticking points--like his insistence on demilitarization and refusal to consider the dismantling of Israeli settlements in the West Bank--"closed the door to permanent...
Italy has taken a more traditional route by boosting advertising. In April, the national tourism board launched a $13 million initiative called "Italia Much More" to lure tourists from the U.S., Canada and the rest of Europe. "The crisis is tangible for everyone, and Italy will suffer," says Matteo Marzotto, head of the National Tourism Board. "We're in the middle of a war." That may sound dramatic, but consider this: in 2008, Italy's tourism revenues fell 5%, the first drop in seven years. The slump has already translated into a loss of $5.2 billion and at least...