Pages

Sunday, November 24, 2013

Paige leads No. 24 UNC over No. 3 Louisville 93-84

Paige leads No. 24 UNC over No. 3 Louisville 93-84


Paige leads No. 24 UNC over No. 3 Louisville 93-84

Posted: 24 Nov 2013 01:01 PM PST

North Carolina head coach Roy Williams reacts during the first half of an NCAA college basketball game against Louisville in the Basketball Hall of Fame Tip-Off tournament championship at Mohegan Sun Arena in Uncasville, Conn., Sunday, Nov. 24, 2013. (AP Photo/Michael Dwyer)UNCASVILLE, Conn. (AP) — Marcus Paige scored 32 points and No. 24 North Carolina broke open a tight game in the second half to upset No. 3 Louisville 93-84 to win the Hall of Fame Tipoff Tournament.


Wintry storm threatens Thanksgiving travels

Posted: 24 Nov 2013 12:58 PM PST

A large storm already blamed for at least eight deaths in the West slogged through Oklahoma, Texas, New Mexico and other parts of the Southwest on Sunday, leading to hundreds of flight cancellations as it slowly churned east ahead of Thanksgiving.

Secret US-Iran talks set stage for nuke deal

Posted: 24 Nov 2013 12:57 PM PST

From left, U.S. Deputy Secretary of State William Burns, chief U.S. nuclear negotiator Wendy Sherman and Vice President Joe Biden's top foreign policy adviser Jake Sullivan appear in file photos. The U.S. and Iran secretly engaged in high-level, face-to-face talks in a high stakes diplomatic gamble by the administration that paved the way for the historic deal aimed at slowing Iran's nuclear program. Burns, Sherman and Sullivan were part of the delegation that met with Iranian officials in Oman and elsewhere. (AP Photo/File)WASHINGTON (AP) — With their destination and mission among America's closest guarded secrets, the small group of officials hand-picked by President Barack Obama boarded a military plane in March.


'Catching Fire' scorches with $161.1M opening

Posted: 24 Nov 2013 12:56 PM PST

This image released by Lionsgate shows Josh Hutcherson as Peeta Mellark, from left, Elizabeth Banks as Effie Trinket and Jennifer Lawrence as Katniss Everdeen in a scene from "The Hunger Games: Catching Fire." The movie opens in theaters Friday, Nov. 22, 2013, in what's expected to be one of the year's biggest box-office debuts. (AP Photo/Lionsgate, Murray Close)NEW YORK (AP) — Moviegoers satiated their appetite for the "Hunger Games" franchise by making the sequel "Catching Fire" one of the year's biggest hits.


Hondurans head to polls with violence as top worry

Posted: 24 Nov 2013 12:55 PM PST

TEGUCIGALPA, Honduras (AP) — Hondurans were choosing a new president Sunday in a country reeling from violence, poverty and the legacy of a 2009 coup, and if polls are accurate, the vote could fail to produce a clear winner.

Bulls prepare for life without Derrick Rose again

Posted: 24 Nov 2013 12:54 PM PST

In this photo taken on Friday, Nov. 22, 2013, Chicago Bulls point guard Derrick Rose (1) leaves the Moda Center on crutches after he was injured in an NBA basketball game against the Portland Trail Blazers in Portland, Ore. (AP Photo/The Oregonian, Bruce Ely ) MAGS OUT; TV OUT; LOCAL TV OUT; LOCAL INTERNET OUT; THE MERCURY OUT; WILLAMETTE WEEK OUT; PAMPLIN MEDIA GROUP OUTLOS ANGELES (AP) — Derrick Rose will have surgery on his right knee Monday, and the Chicago Bulls don't yet know how long they'll be without their star guard this time.


Egypt's president issues law restricting protests

Posted: 24 Nov 2013 12:51 PM PST

Supporters of Egypt's ousted President Mohammed Morsi raise their hands with four raised fingers that became a symbol for the supporters during a rally in Cairo's Nasr City district, Egypt, Sunday, Nov. 24, 2013. Egypt's interim President Adly Mansour on Sunday banned public gatherings of more than 10 people without prior government approval, imposing hefty fines and prison terms for violators in a bid to stifle the near-constant protests roiling the country. (AP Photo/Ahmed Abd el-Latif)CAIRO (AP) — Egypt's interim president on Sunday banned public gatherings of more than 10 people without prior government approval, imposing hefty fines and prison terms for violators in a bid to stifle the near-constant protests roiling the country.


32 men and women from US named Rhodes Scholars

Posted: 24 Nov 2013 12:51 PM PST

WASHINGTON (AP) — The Rhodes Trust says 32 U.S. men and women have been named Rhodes Scholars and will enter Oxford University next October.

Afghan assembly backs US troops pact, Karzai sets terms

Posted: 24 Nov 2013 12:51 PM PST

Afghan President Hamid Karzai addresses the loya jirga in Kabul, on November 24, 2013An Afghan grand assembly Sunday endorsed a crucial security agreement allowing some US troops to stay on after 2014, although President Hamid Karzai set conditions for signing the deal. The "loya jirga" gathering of about 2,500 chieftains, tribal elders and politicians overwhelming backed the pact setting the terms for any US military presence beyond 2014, and urged Karzai to sign it by the end of this year. Opening the assembly on Thursday, Karzai said he wanted to delay signing the Bilateral Security Agreement (BSA) until after the successful completion of April's presidential election -- exasperating Washington, which wants it sealed quickly. "Very significantly, the loya jirga also urged that the Bilateral Security Agreement (BSA) should be signed before the end of the year," he stressed.


DR expels 244 Haitians after killings along border

Posted: 24 Nov 2013 12:48 PM PST

PORT-AU-PRINCE, Haiti (AP) — Dominican authorities expelled 244 Haitians after an elderly Dominican couple was slain in an apparent burglary near the border between the two countries and an angry mob retaliated by killing a Haitian man, a priest and migrant advocate said Sunday.

US gas prices up average of 3 cents a gallon

Posted: 24 Nov 2013 12:43 PM PST

CAMARILLO, Calif. (AP) — After nine weeks of falling gas prices, the average U.S. price of a gallon of gasoline is up 3 cents over the past two weeks.

Congress plans tough Iran sanctions if deal fails

Posted: 24 Nov 2013 12:35 PM PST

U.S. Secretary of State John Kerry, right, and EU foreign policy chief Catherine Ashton, left, visit the media seating area of Kerry's aircraft as it sits on the tarmac at Geneva International airport before leaving for London, Sunday, Nov. 24, 2013, in Geneva, Switzerland. A deal has been reached between six world powers and Iran that calls on Tehran to limit its nuclear activities in return for sanctions relief, the French and Iranian foreign ministers said early Sunday. (AP Photo/Carolyn Kaster, Pool)WASHINGTON (AP) — Lawmakers from both parties said Sunday they are skeptical that Iran will stick to a new nuclear deal and want Congress to prepare beefed up economic penalties to hit Tehran if the accord falls apart.


Afghanistan's Karzai rejects elders' advice to back U.S. deal quickly

Posted: 24 Nov 2013 12:31 PM PST

Karzai speaks during the last day of the Loya Jirga, in KabulBy Hamid Shalizi and Mirwais Harooni KABUL (Reuters) - An assembly of Afghan elders endorsed a crucial security deal on Sunday to enable U.S. troops to operate in the country beyond next year, but President Hamid Karzai left the matter up in the air by refusing to say whether he would sign it into law. The gathering, known as the Loya Jirga, had been convened by the president to debate the pact outlines the legal terms of continued U.S. military presence in Afghanistan. It voted in favour and advised Karzai sign it promptly. But Karzai, in his final remarks to the four-day meeting, said he would not sign it until after a presidential election due next April.


Republicans in Congress wary of Iran nuclear deal

Posted: 24 Nov 2013 12:28 PM PST

U.S. Secretary of State John Kerry, right, and EU foreign policy chief Catherine Ashton, left, visit the media seating area of Kerry's aircraft as it sits on the tarmac at Geneva International airport before leaving for London, Sunday, Nov. 24, 2013, in Geneva, Switzerland. A deal has been reached between six world powers and Iran that calls on Tehran to limit its nuclear activities in return for sanctions relief, the French and Iranian foreign ministers said early Sunday. (AP Photo/Carolyn Kaster, Pool)WASHINGTON (AP) — Republicans in Congress are skeptical about the Iran nuclear deal hammered out by the U.S. and world powers.


Hoping, as usual, that next year will be better

Posted: 24 Nov 2013 12:28 PM PST

Christmas decoration is placed around the logo of Swiss bank Credit Suisse in ZurichBy Alan Wheatley LONDON (Reuters) - Like winemakers consoling themselves after a poor vintage, economists are putting a disappointing 12 months behind them and hoping that 2014 will be a better year for global growth. With fiscal drag fading, monetary policy ultra-loose and credit conditions gradually easing, many of them reckon rich countries will outpace emerging economies in 2014. Credit Suisse expects global growth to improve to 3.7 percent from 2.9 percent this year, which is down on the 2012 rate of 3.1 percent. Emerging market growth should quicken to 5.3 percent from 4.7 percent, but the growth gap between the two will be the narrowest since 2002, Credit Suisse believes.


Over 11,000 children killed in Syria: study

Posted: 24 Nov 2013 12:26 PM PST

More than 11,000 children have been killed in Syria since the conflict there began over two and a half years ago, many of them summarily executed or targeted by snipers, a UK-based think tank said in a report published on Sunday. The Oxford Research Group study, which called on all sides in the conflict to stop targeting children, said seven out of 10 of the children killed in the war had lost their lives in shell fire, by aerial bombardment or by improvised explosive devices. One in four children had been killed by small arms fire, with almost 800 executed and almost 400 targeted by snipers. The United Nations puts the overall death toll in Syria at more than 100,000 dead.

Scores killed as rebels battle to break siege of Damascus suburbs

Posted: 24 Nov 2013 12:26 PM PST

Shi'ite fighters, who support Syrian President Bashar al-Assad, search for rebels from house to house in the countryside near DamascusBy Erika Solomon BEIRUT (Reuters) - Fierce fighting to the east of Damascus has killed more than 160 people in the past two days as Syrian rebels struggle to break a months-long blockade by forces loyal to President Bashar al-Assad, activists said on Sunday. It began on Friday when rebel units attacked a string of military checkpoints encircling the opposition-held suburbs in an area known as Eastern Ghouta, which has been under siege for more than six months. The battle has also drawn in hundreds of foreign fighters on both sides, underlining how Syria's civil war has stirred Sunni-Shi'ite sectarian tensions across the region. The conflict in Syria has killed more than 100,000 people, according to the United Nations, and is also destabilizing Syria's neighbors.


Islamists expected to win seats in Mauritania vote

Posted: 24 Nov 2013 12:15 PM PST

NOUAKCHOTT, Mauritania (AP) — A previously banned Islamist party that promotes Shariah law is poised to win seats in Mauritania's parliament following the weekend election, analysts said Sunday.

AP source: Martin to talk again to investigator

Posted: 24 Nov 2013 12:03 PM PST

MIAMI (AP) — A person familiar with the situation says Miami Dolphins tackle Jonathan Martin will likely be interviewed a second time by NFL special investigator Ted Wells about the team's bullying scandal.

4 dead, 1 wounded in north Tulsa shooting

Posted: 24 Nov 2013 12:01 PM PST

TULSA, Okla. (AP) — Four people were killed and a fifth person was hospitalized after being shot in a Tulsa residence, police said Sunday.

What's next? Katy Perry, Miley Cyrus book-end AMAs

Posted: 24 Nov 2013 11:58 AM PST

Mark Bracco, ABC's VP of alternative series and specials, from left, host Pitbull, and music producer Larry Klein attend the 2013 American Music Awards Red Carpet Rollout and Press Preview Day, Wednesday, Nov., 20, 2013, at the Nokia Theatre L.A. Live in Los Angeles. The awards will be held on Sunday. (Photo by Richard Shotwell/Invision/AP)Katy Perry thinks most awards shows are fun, but she especially loves the American Music Awards.


Americans not willing to spend without deals

Posted: 24 Nov 2013 11:57 AM PST

A shopper carries Macy's bags while crossing an intersection outside Macy's on Saturday, Nov. 23, 2013, in New York. (AP Photo/Bebeto Matthews)NEW YORK (AP) — This holiday season, Americans may not spend their green unless they see more red.


Iran nuclear deal fuels anger, jitters in Mideast

Posted: 24 Nov 2013 11:52 AM PST

Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at his office in Jerusalem, Israel, Sunday, Nov. 24, 2013. After feverishly trying to derail the international community's nuclear deal with Iran in recent weeks, Israeli Prime Minister Benjamin Netanyahu now has little choice but to accept an agreement that he has derided as deeply flawed. (AP Photo/Abir Sultan, Pool)JERUSALEM (AP) — Israel's prime minister harshly condemned the international community's nuclear deal with Iran on Sunday while Saudi Arabia remained conspicuously quiet, reflecting the jitters felt throughout the Middle East over Iran's acceptance on the global stage.


World powers, Iran clinch 'historic' nuclear deal

Posted: 24 Nov 2013 11:52 AM PST

World leaders hailed Sunday a "historic" nuclear deal with Iran as a triumph for diplomacy, but cautioned the hard work was just starting to keep Tehran from building a bomb. Iran agreed to curb its nuclear programme for the next six months in exchange for limited sanctions relief, in a preliminary accord meant to lay the foundations for a comprehensive agreement later this year. The deal was reached in marathon talks in Geneva that ended Sunday before dawn after long tractions between Iran and the five permanent members of the UN Security Council plus Germany. Tehran's arch-foe Israel slammed the deal as a "historic mistake" that left open the capability for the Islamic republic to develop a nuclear arsenal.

Mali holds legislative vote amid security fears

Posted: 24 Nov 2013 11:48 AM PST

GAO, Mali (AP) — Malians voted Sunday in legislative elections amid heavy security, highlighting fears that a vote seen as the last step in restoring constitutional rule in the battle-scarred country could be sabotaged by rebel attacks.

Obama has leeway on Iran, despite U.S. lawmakers' concerns

Posted: 24 Nov 2013 11:48 AM PST

U.S. President Obama makes a statement about an agreement reached with Iran on its nuclear program at the White House in WashingtonBy Caren Bohan and Patricia Zengerle WASHINGTON (Reuters) - Republican and Democratic U.S. senators on Sunday voiced skepticism about an interim nuclear deal reached with Iran but Congress looked likely to give President Barack Obama room to see if the agreement works. The deal does not need to be ratified by Congress and Obama is using his executive power to temporarily suspend some existing U.S. sanctions on Iran. But influential Democrats - who control the Senate - made clear that any new sanctions against Iran would include a six-month window before they took effect. That would allow time to see if Iran is sticking by the pact, worked out between Tehran, the United States and other world powers.


Mali parliamentary polls marked by apathy, minor unrest

Posted: 24 Nov 2013 11:41 AM PST

Malians voted on Sunday in parliamentary elections intended to seal the troubled west African nation's return to democracy but which were marred by low-level civil unrest and apparently poor voter turnout. The polls marked Mali's first steps to recovery after it was plunged into chaos by a military coup in March last year, and finalised a process begun with the election of its first post-conflict leader in August. But voters were prevented from taking part in Talataye, a northeastern town of around 14,000 people, where Tuareg separatists destroyed ballot boxes, according to a military source, and chanted: "No vote, we want independence". Some 6.5 million Malians were eligible to cast ballots for a new national assembly, with more than 1,000 candidates running for the 147 seats -- but turnout initially looked weak across the country and there were reports of thefts of ballot boxes in the north.

Gazprom launches South Stream construction in Serbia

Posted: 24 Nov 2013 11:39 AM PST

A crew symbolically welding two pieces of South Stream gas pipeline together is seen on a huge screen during a ceremony to launch the construction the pipeline outside the Black Sea resort town of Anapa, on December 7, 2012Construction began on Sunday for the Serbian stretch of Russia's South Stream pipeline which will bring Russian gas directly to Europe, making it less vulnerable to price disputes. Serbian President Tomislav Nikolic, Prime Minister Ivica Dacic and Alexei Miller, the chief executive of Russian gas giant Gazprom, watched a live broadcast of two giant pipes being welded together near the northern Serb village of Sajkas. "This is a historic project... which will eliminate transit risks and secure gas supplies to Serbia and Europe," Miller said at the ceremony. The launch was praised by Vladimir Putin, who said in a statement the new pipeline would "allow consumers in southeastern Europe to take advantage of large Russian gas wells, thus reducing the risks of transit by third parties".


Analysis: Iran deal leaves Israel few options

Posted: 24 Nov 2013 11:35 AM PST

Israeli Prime Minister Benjamin Netanyahu chairs the weekly cabinet meeting at his office in Jerusalem, Israel, Sunday, Nov. 24, 2013. After feverishly trying to derail the international community's nuclear deal with Iran in recent weeks, Israeli Prime Minister Benjamin Netanyahu now has little choice but to accept an agreement that he has derided as deeply flawed. (AP Photo/Abir Sultan, Pool)JERUSALEM (AP) — After feverishly trying to derail the international community's nuclear deal with Iran in recent weeks, Israeli Prime Minister Benjamin Netanyahu now has little choice but to accept an agreement that he has derided as deeply flawed.


Pro-EU Ukrainians mass in biggest rally since Orange Revolution

Posted: 24 Nov 2013 11:12 AM PST

Pro-Western Ukrainians on Sunday held the biggest protest rally in Kiev since the 2004 Orange Revolution, urging the government to sign a historic pact with the European Union and clashing with police. Tens of thousands filled the Square of Europe in central Kiev to demonstrate against the decision of President Viktor Yanukovych's government to scrap a plan to sign an Association Agreement that would have deepened ties with the European Union. But riot police forced them back with batons and tear gas, an AFP correspondent said. The centre of Kiev was covered in a sea of protesters waving EU and Ukrainian flags who marched on the Square of Europe from the statue of Ukraine's national poet Taras Shevchenko.

Rally marks anniversary of Spain dictator's death

Posted: 24 Nov 2013 11:12 AM PST

A fascist leader makes a fascist salute to the crowd during his speech as they remember the former Spanish Dictator Gen. Francisco Franco on the 38th anniversary of his death, in Madrid, Spain, Sunday, Nov. 24, 2013. Hundreds of people nostalgic for Spain's fascist past held a rally on Sunday to mark the 38th anniversary of dictator Francisco Franco's death. The peaceful demonstration was held in Madrid's central Plaza de Oriente square near the opera and Royal Palace in the city's old quarter. On Saturday an anti-Franco protest was held northwest of Madrid at Franco's mausoleum. (AP Photo/Andres Kudacki)MADRID (AP) — Hundreds of people nostalgic for Spain's fascist past have held a rally outside Madrid's downtown Royal Palace to commemorate the 38th anniversary of dictator Francisco Franco's death.


Six powers clinch breakthrough deal curbing Iran's nuclear activity

Posted: 24 Nov 2013 11:08 AM PST

By Parisa Hafezi and Justyna Pawlak GENEVA (Reuters) - Iran and six world powers clinched a deal on Sunday curbing the Iranian nuclear programme in exchange for initial sanctions relief, signalling the start of a game-changing rapprochement that would reduce the risk of a wider Middle East war. Aimed at easing a long festering standoff, the interim pact between Iran and the United States, France, Germany, Britain, China and Russia won the critical endorsement of Iranian clerical Supreme Leader Ayatollah Ali Khamenei. U.S. President Barack Obama said the deal struck after marathon, tortuous and politically charged negotiations cut off Tehran's possible routes to a nuclear bomb. But Israel, Iran's arch-enemy a U.S. ally, denounced the agreement as an "historic mistake".

Tens of thousands rally in Kiev for closer EU ties

Posted: 24 Nov 2013 11:07 AM PST

KIEV, Ukraine (AP) — About 50,000 demonstrators rallied in the center of Kiev on Sunday to demand that Ukraine's government reverse course and sign a landmark agreement with the European Union in defiance of Russia.

Vettel ends season on record high in Brazil

Posted: 24 Nov 2013 11:00 AM PST

German driver Sebastian Vettel of Red Bull in action during the Brazilian Formula one Grand Prix at the Interlagos racetrack in Sao Paulo, Brazil, on November 24, 2013A relentless Sebastian Vettel completed the 2013 Formula One season on a record-breaking high on Sunday when he led Mark Webber home in a commanding Red Bull one-two at a dramatic and emotional Brazilian Grand Prix. This meant he extended his own record of consecutive wins in a season, equalled Italian Alberto Ascari's historic record of nine straight wins from 1952-1953 and also equalled Michael Schumacher's total for one season, set with Ferrari in 2004.


Union head Weiner's funeral draws Selig, A-Rod

Posted: 24 Nov 2013 10:59 AM PST

FILE - In this April 21, 2011, file photo, Major League Baseball Players Union head Michael Weiner speaking at a news conference in New York. Weiner, the plain-speaking, ever-positive labor lawyer who took over as head of the powerful baseball players' union four years ago and smoothed the group's perennially contentious relationship with management, died Thursday, Nov. 21, 2013, 15 months after announcing he had been diagnosed with an inoperable brain tumor. He was 51. (AP Photo/Frank Franklin II, File)PARAMUS, N.J. (AP) — Michael Weiner's funeral drew baseball Commissioner Bud Selig and New York Yankees third baseman Alex Rodriguez, adversaries who both attended to honor the union leader during a 35-minute service Sunday.


Egypt's government bans protests without police approval

Posted: 24 Nov 2013 10:57 AM PST

A soldier sits on guard atop an armoured personnel carrier at the main gate of the Cairo University around Al Nahda in CairoBy Maggie Fick and Yasmine Saleh CAIRO (Reuters) - Egypt's president passed a law on Sunday making it illegal to hold demonstrations without the approval of the police and banning protests in places of worship, a move rights groups condemned as a blow to political freedom. As the law was being announced by state media, thousands of anti-government protesters were on streets in Cairo and other cities, as they have been regularly in the nearly three years since a popular uprising ousted autocrat Hosni Mubarak. The number of protests and the scale of political violence have grown since July when the army removed elected Islamist President Mohamed Mursi following mass protests against his rule. The bill signed into law by interim President Adli Mansour requires people to secure police permission for protests at least three days in advance, said presidential spokesman Ehab Badawi.


Wintery storm threatens Thanksgiving travels

Posted: 24 Nov 2013 10:55 AM PST

A large storm already blamed for at least eight deaths in the West slogged through Oklahoma, Texas, New Mexico and other parts of the southwest Sunday as it slowly churned east ahead of Thanksgiving.

International Emmys to honor J.J. Abrams

Posted: 24 Nov 2013 10:53 AM PST

FILE - In a Tuesday, Aug. 13, 2013 file photo, director J.J. Abrams smiles during the Japanese premiere of his film "Star Trek Into Darkness" in Tokyo. Abrams will accept a special honor at the 41st International Emmy Awards Gala on Monday, Nov. 25, 2013 at the Hilton New York.Zachary Quinto, who recently reprised his role of Spock in Abrams' successful reboot of the "Star Trek" franchise, will present the honorary International Emmy Founders Award to the director and producer. (AP Photo/Shizuo Kambayashi, File)NEW YORK (AP) — J.J. Abrams may be immersed in a galaxy far, far away these days, but he's taking a break from preproduction work on the new "Star Wars" film to accept a special honor at the 41st International Emmy Awards Gala.


Iran will start implementing nuclear agreement in weeks: Zarif

Posted: 24 Nov 2013 10:46 AM PST

Iranian Foreign Minister Mohammad Javad Zarif said on Sunday his country would begin implementing a nuclear agreement struck with world powers in the next few weeks, as hundreds of supporters welcomed him and his negotiating team home. Crowds gathered at Mehrabad airport on Sunday evening local time, hailing Zarif as a hero and holding flags and flowers. Some held aloft posters of President Hassan Rouhani, the architect of Iran's initiative in striking a nuclear deal. "At the same time, we are prepared to begin negotiations for a final resolution as of tomorrow." Earlier on Sunday, the team was acclaimed by Iran's most powerful man, Supreme Leader Ayatollah Ali Khamenei, who put the success of the agreement down to the resistance of the nation.

Exclusive: Nonprofit that flipped homes to investors faces scrutiny

Posted: 24 Nov 2013 10:39 AM PST

Two mailboxes stand behind the steel fence of a foreclosed home previously owned by U.S. Bancorp in Los AngelesBy Matthew Goldstein and Emily Flitter NEW YORK (Reuters) - A U.S. housing regulator has been investigating the activities of a small California not-for-profit that bought hundreds of foreclosed homes through a federally backed program intended to help local communities hurt by the housing bust, according to government documents reviewed by Reuters. The U.S. Department of Housing and Urban Development's Office of the Inspector General late last year began probing San Diego-based Heartland Coalition's participation in the "First Look" program in Las Vegas and other U.S. cities, according to a redacted investigation report and a letter from the regulator in response to a Freedom of Information Act request. According to the documents and a review of local property records in Las Vegas, the charity flipped a significant number of the homes to investors, generating millions of dollars in profits for those financing Heartland's activities with relatively short-term loans. The First Look program, set up in the aftermath of the financial crisis, helps nonprofits and local communities buy foreclosed homes from U.S. banks at a discount, with the expectation that they would then renovate them and first try to sell the houses to low- and moderate-income families or to investors who would rent to such families.


0 comments:

Post a Comment