More Americans bought new homes in April—evidence that the stronger job market is powering the housing sector. The United States Commerce Department said last Tuesday new-home sales climbed 6.8 percent last month to a seasonally adjusted annual rate of 517,000. Sales recovered from a 10 percent dip in March to an annual pace of 484,000.
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May, 2015
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31 May
Greece considers levy on undeclared deposits
Greece is proposing to legalize tax-dodgers’ undeclared money for a fee, a way to raise money as the country tries to reach a deal with creditors to get more bailout money and avoid default.
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31 May
Pentagon chief blasts Beijing’s sea moves
SINGAPORE—China’s land reclamation in the West Philippine Sea (South China Sea) is out of step with international rules, and turning underwater land into airfields won’t expand its sovereignty, United States Defense Secretary Ash Carter told an international security conference on Saturday, stepping up America’s condemnation of the communist giant as Beijing officials sat in the audience.
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31 May
Child sex abuse claims vs peacekeepers shake UN
United Nations—The boys said they approached the French soldiers because they were hungry. Some were so young that they didn’t quite understand the acts the soldiers demanded in return. One boy, 8 or 9 years old, said he did it several times to the same soldier, “until, one day, an older kid saw him and told him what he was …
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31 May
King James vs Baby-faced Assassin faceoff arranged
Oakland, California—After a generation of wishing and waiting, the Golden State Warriors have finally arrived on basketball’s biggest stage again, booking their place in the NBA Finals with a 104-90 win against Houston on Wednesday.
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31 May
US, Swiss investigators timed Fifa raids for maximum effect
Bern, Switzerland— For months, American and Swiss investigators worked in secret to prepare for the raids that would shake the soccer world. They knew that the moment to strike would come when Fifa, the sport’s governing body, held its annual congress in Zurich, gathering all of its top officials—including the main suspects in a far-reaching US corruption probe.
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31 May
GM to offer Android, Apple systems in 2016 models
By Tom Krisher / The Associated Press Detroit—By the end of the year, nearly every major automaker will begin offering Apple’s CarPlay or Google’s Android Auto, two systems that effectively turn a car’s dashboard screen into a smartphone.
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31 May
The Rock confronts the Big One in ‘San Andreas’
By Lindsey Bahr / The Associated Press Los Angeles—Dwayne Johnson has played his share of outsized heroes over the years. His characters have taken down crazed criminals and evil empires. He has crushed an army of fire ants with his chin. He has even flexed his way out of a plaster cast.
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31 May
Cannes Film Festival red carpet: The luminous and the lackluster
By Thomas Adamson / The Associated Press Cannes, France—Cannes’ red carpet can be as kind as it is cruel when it comes to fashion. For 12 days, major Hollywood actresses, such as Emily Blunt, Marion Cotillard and Naomi Watts, graced the film festival’s red carpet in clothes designed by the world’s greatest. Yet, while the best looks come to define …
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31 May
Moshi and the makings of a modern, fashionable man
Gone are the days when the language of fashion was, at best, ambiguous for men. Forget distasteful, lackluster, uninspired—men have come into their own, sartorially speaking. The rise of the modern, style-conscious man is inspired by key influencers whose serious fashion sense is changing the game for a predominantly female industry.
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The Market Monitor Minding the Nation's Business