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Home sales drop to nine-year low

Sales of previously owned U.S. homes plunged in February and prices hit their lowest level in nearly nine years, indicating a housing market recovery was still a long way off. The National Association of Realtors said on Monday sales fell 9.6 percent month over month to an annual rate of 4.88 million units, snapping three straight months of gains. The percentage decline was the largest since July. The weak sales were the latest evidence of the malaise in the housing sector and confirmed it would remain outside the strengthening and broadening economic recovery. “The housing market is still very depressed
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‘Transparent’ Obama declares war on leakers

Elected on a promise of a more transparent government, President Barack Obama has taken “unprecedented” aim at leakers who divulge classified information to journalists, critics say. “We’ve seen the current president bringing five prosecutions so far… against people for whistleblowing, for leaks of classified information,” said Daniel Ellsberg, famous for his 1971 leak of the “Pentagon Papers,” which helped turn the tide of public opinion against the Vietnam War. “All previous presidents put together brought three prosecutions… We see a campaign here against whistleblowing that is highly unprecedented in legal terms.” The White House declined to answer questions about its
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Clinton: Kadhafi insiders looking for exit options

Libyan leader Moamer Kadhafi’s associates have been reaching out to their contacts worldwide to see how they can “get out of this,” US Secretary of State Hillary Clinton told ABC News Tuesday. “We’ve heard about … people close to him reaching out to people that they know around the world — Africa, the Middle East, Europe, North America, beyond — saying what do we do? How do we get out of this? What happens next?” Clinton said. “I’m not aware that he (Kadhafi) personally has reached out, but I do know that people allegedly on his behalf have been reaching
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