Wednesday, March 26, 2008

News Roundup, 3/26/2008

Posted By on Wed, Mar 26, 2008 at 11:17 AM

New home sales hit 13 year low: The housing market continues to plunge as housing prices hit their lowest in 13 years, according to a government survey. The median price for a new home in February was $244,100, which is down 2.7 percent from $250,800 just one year ago. "These historically low levels show that demand is very weak, but also that we're close to scratching the bottom," said National Association of Home Builders chief economist David Seiders. This slump is just the latest in a slew of bad news from the housing market. Seiders believes the worst could be behind us, "The lion's share of this huge collapse is behind us,"

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Not guilty pleas for Detroit mayor, ex-aide: More trouble ahead for Detroit Mayor Kwame Kilpatrick and his ex-chief of staff Christine Beatty. The mayor and his ex-aide both declined to enter pleas before the 36th District Court on Tuesday. Magistrate Steven Lockhart entered pleas for the two, and bail was set at $75,000. If convicted of all the charges the mayor could face up to 80 years in prison and/or 40,000 in fines. The Detroit papers are calling for him to resign, but Kilpatrick stands firm stating, "This has been a very flawed process from the beginning. I look forward to complete exoneration."

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Witness vs. police on Taser death: Charlotte police are urging witnesses to the death of 17 year-old Darryl Turner to come forward. Turner died last week after being shot with a taser by CMPD. Attorney Ken Harris, who represents the Turner family, is refuting police accounts of the incident. Harris who is conducting his own investigation into the incident has found a witness who saw no threat to Officer Jeremy Dawson. Harris said, "According to the witness, Turner neither approached or threatened the officer at any time." Investigators are asking anyone with any information to the incident to please call the department.

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Iraqi PM orders Basra militants to surrender: Shortly after the fifth year anniversary of the war in Iraq, the Iraqi government is showing some signs of self government. The Iraqi prime minister, Nouri al-Maliki, gave Shia fighters in Basra three days to surrender their forces. Maliki sent 15,000 troops to Basra yesterday to grab hold of the city. The Southern Iraqi city has been the scene of many battles since British troops pulled out in September. Major General Ali Zaidan, leading the Basra operation, said it would "not stop until it achieves its objectives".

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