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...pile up and prices edge downward. Properties are at least moving again there, many at 30% to 40% off even last year's lowered prices. "In Los Angeles, one year ago, the median home price was $582,450; this September, it was $376,790," says Leslie Appleton-Young, chief economist for the California Association of Realtors. That may sound awful, particularly if you're the seller, but it may represent a clearance level - i.e., prices low enough to draw buyers - which the market needs in order to stabilize. Other helpful factors: banks are agreeing to short sales - i.e., selling below...
...Kwame M. Kilpatrick’s hubris-fueled collapse did: in the penitentiary. Last month, Kilpatrick pleaded guilty to eight felony charges of obstruction of justice after his lackadaisical attempt to snuff out rumors of the extramarital affair he was carrying on over thousands of SMS messages with his chief of staff. Kilpatrick’s cover-up looked like something out of the Huey Long playbook: intimidating and firing police officers, lying under oath and all the while using his privileged position to ridicule the (bulletproof) case against...
...revision reflects a desire to make green space the hallmark of the future campus. “The new plans are such a demonstrable example of thinking of how important the land is and how important nature is,” says Kathy A. Spiegelman, Harvard’s chief planner for the Allston initiative. “To take what was once marshland and reclaim it is such powerful and exciting idea.”For some time now, eco-consciousness has imbued Harvard’s plans for the Allston campus. But the better known aspects...
...college football captain first came under fire in 2003, when two former police officers filed a civil lawsuit claiming they were fired for investigating reports of misconduct by two of Kilpatrick's former bodyguards. During the court proceedings, one of the officers revealed Kilpatrick's affair with his chief of staff, Christine Beatty, a childhood friend who had assisted his successful 1996 run for a seat in Michigan's House of Representatives. (His mother, Carolyn Cheeks Kilpatrick, vacated the seat to run for national office; she is now a U.S. representative and chairwoman of the Congressional Black Caucus...
...flow of foreign fighters from Syria into Iraq was Washington's chief complaint with Damascus following the 2003 invasion. Analysis of al-Qaeda documents seized by American troops in Sinjar in northern Iraq last year suggested that 90% of foreign fighters entering Iraq came from Syria. However, the figures have dropped significantly, according to U.S. officials. In July, an estimated 20 fighters per month were reported to be entering Iraq, an 80% drop compared with a year earlier. In September, Secretary of State Condoleezza Rice told the pan-Arab daily Al-Hayat that the number of foreign fighters crossing from...