Economists view that the housing recovery is hindered by increasing mortgage rates. In August, the purchases of previously owned homes declined from the previous month.
North America
LeBron James marries high school sweetheart
After their engagement announced last year, LeBron James and long time sweetheart Savannah Brinson tied the knot in a wedding ceremony held in Grand Del Mar Hotel, San Diego last Saturday.
Miss New York wins Miss America 2014
Miss America 2014 announced Nina Davaluri from New York as its new winner during the pageant held in Atlantic City.
Lippo seeks US property assets
Lippo Group owned by Indonesian tycoon Mochtar Riady said it had been looking to acquire real estate assets in the US after signs of economic recovery were seen the world's biggest economy.
Shadow banking precursor to another 'Lehman Weekend'
The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.
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Aside from weeks without basic utilities and supplies, the damage caused by the Colorado flashfloods may well reach over USD1 billion.
In the fifth year after the so-called 'Great Recession', Obama highlights the gains made by the US economy as a better capitalized and better regulated economy.
West Virginia State Senate President Jeff Kessler is proposing a Future Fund levy for the natural gas to be extracted from the state for its future spending.
Miley Cyrus latest hit "Wrecking Ball" was predicted to hit the no.1 spot in Billboard Hot 100 next week, according to the Huffingtonpost.com.
US President Barack Obama appointed Jeffrey Zients as his top economic adviser replacing current adviser Gene Sperling.
The US Securities and Exchange Commission said last Saturday it did not reject a proposed settlement with fund managers at Reserve Management Co. as there was nothing to consider.
Nikkei, a Japanese newspaper, reported last Friday that US President Barack Obama was close to picking ex-Treasury Secretary Lawrence Summers as the new head of the Federal Reserve Board.
Khloe Kardashian was said to hope for a wedding anniversary miracle from Lamar Odom who had allegedly facing drug issues.
According to two surveys conducted by Gallup Inc, Americans had been struggling to recover financially even after the US recession was finally announced to have officially ended.
