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10 months ago

Super typhoon Usagi disrupts cross-Strait traffic

I was watching TV the other day and it made me think of this paper I found a week or two ago that I think everyone will find very informative. It really is worth a read, and if you like it you should go check their site out. click to read more

Super typhoon Usagi disrupts cross-Strait traffic - Xinhua | English.news.cn
#CHINA-SHANTOU-TYPHOON-APPROACHING (CN) Vessels move to a harbor in Shantou, south China's Guangdong Province, Sept. 21, 2013. China's national observatory on Saturday issued the highest level of alert for super typhoon Usagi which was expected to bring gales and rainfall to the coastal areas and land in Guangdong Province between Sept. 22-23. (Xinhua/Yao Jun)
XIAMEN, Sept. 21 (Xinhua) -- Shipping transport between the Chinese mainland and Taiwan has been partially suspended as super typhoon Usagi strengthens over the Pacific and heads towards China's coast.
Vessels move to a harbor in Shantou, south China's Guangdong Province, Sept. 21, 2013. China's national observatory on Saturday issued the highest level of alert for super typhoon Usagi which was expected to bring gales and rainfall to the coastal areas and land in Guangdong Province between Sept. 22-23. (Xinhua/Yao Jun)
Most shipping lines from Xiamen City to Kinmen and all lines from Quanzhou City to Kinmen were canceled on Saturday.
Usagi is expected to hammer south China's Guangdong Province between Sunday afternoon and Monday morning.
Usagi's center was 180 km southeast of Taiwan at 9 a.m. Saturday. It was moving northwest at a speed of up to 20 km per hour, said meteorological authorities.
The National Meteorological Center issued the highest level of alert for super typhoon Usagi, warning it will bring gales and rainfall to the southern and southeastern coastal areas.
The center said Usagi would bring strong storm to east of Taiwan and the coastal areas of Guangdong, Zhejiang and Fujian provinces on Saturday and Sunday.
Meanwhile, the government in Guangxi Zhuang Autonomous Region has issued alerts and officials in Hainan Province were told to step up their typhoon watch.
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http://news.xinhuanet.com/english/china/2013-09/21/c_132737851.htm
10 months ago

US existing-home sales rise in August

This awesome author provides revealing information about this content and even on news.

US existing-home sales rise in August - Yahoo News
A sale sign is seen posted in front …
A sale sign is seen posted in front …
Sales of previously owned homes in the United States rose modestly in August after a July surge, an industry group said Thursday.
Existing-home sales increased at an annual rate of 5.48 million in August from 5.39 million in July, the National Association of Realtors (NAR) said.
The gain surprised analysts who had expected sales would fall, to 5.30 million, amid rising mortgage interest rates.
Sales were at the highest pace since February 2007, when they hit 5.79 million, NAR said.
The August sales were up 13.2 percent from a year ago, the 26th month of year-over-year gains as the housing market crawls out of the 2006 price bubble collapse.
But Lawrence Yun, NAR chief economist, warned the market's strength may be fleeting.

"Rising mortgage interest rates pushed more buyers to close deals, but monthly sales are likely to be uneven in the months ahead from several market frictions," Yun said.
"Tight inventory is limiting choices in many areas, higher mortgage interest rates mean affordability isn't as favorable as it was, and restrictive mortgage lending standards are keeping some otherwise qualified buyers from completing a purchase."
Housing inventory shrank to a 4.9-month supply at the current sales pace, down from a 5.0-month supply in July.
The tight supply was encouraging bidding wars in some areas: 17 percent of all homes sold above the asking price in August, NAR said.
But 63 percent of the homes sold below list price.
The national median existing-home price was $212,100 in August, up 14.7 percent from a year ago, the strongest gain since October 2005.
The average 30-year fixed mortgage rate rose to 4.46 percent in August from 4.37 percent in July. The rate stood at 3.60 percent in August 2012.
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http://news.yahoo.com/us-existing-home-sales-rise-august-173305350.html