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| The Power Of The Pivot |
 BY now, nearly everyone has
heard of the BRICS (Brazil,
Russia, India, China and South
Africa). Less known are the
CIVETS (Colombia, Indonesia,
Vietnam, Egypt, Turkey and South
Africa) and MIST (Mexico, Indonesia,
South Korea and Turkey).
These acronyms are the product of... |
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| OBAMA, A
FAMILY MAN |
 TWO of the nation's
smartest analysts have just
come out with reports on
how the presidential election
looks six months out.
Bill Galston of the Brookings
Institution argues that at this
point President Barack ... |
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US housing starts add to recovery signs
REUTERS
WASHINGTON
A REBOUND in groundbreaking for homes in April suggested the US housing market recovery was gaining some traction, even though permits for future building fell.
The Commerce Department said housing starts increased 2.6 percent to a seasonally adjusted annual rate of 717,000 units. March’s starts were revised up to a 699,000-unit pace from a previously reported 654,000 unit rate.
Economists polled by Reuters had forecast housing starts rising to 680,000-unit rate. Compared to April last year, residential construction was up 29.9 percent.
The housing market is showing some signs of life after collapsing six years ago, but remains hobbled by a glut of unsold homes.
However, rising demand for rentals, which has seen builders breaking more ground on apartment projects, is helping to stabilise the market.
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