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That's why building is starting to pick up in certain pockets of the country. In central Texas, to take an example, D.R. Horton, one of the nation's largest homebuilders, is planning to build upward of 700 houses without buyers lined up. Such speculative houses largely went away during the real estate bust, but for builders trying to stay ahead of growing demand, they are starting to reappear. (See 25 people to blame for the financial crisis...
...knew and other people knew no sales were taking place," said DiPascali during the hearing. "I represented trades were taking place when they were not. Most of the time, money just went into bank accounts" that Madoff controlled, he said. He admitted he helped perpetuate the illusion that sales had taken place. (See the top 10 crooked CEOs...
Using shards of shattered glass and metal scraps as weapons, inmates at an overcrowded California prison went on an 11-hour rampage on Aug. 8, leaving some 250 people injured and a prison dormitory burned to the ground. Officials believe the riot at the California Institution for Men - the state's worst since 2006 - was fueled by racial tensions among black and Hispanic inmates. The violence came as California's prison system is adapting to a 2005 Supreme Court ruling that makes it more difficult for facilities to automatically segregate new prisoners by race, as the state had done...
...also has a female problem. Obama won 56% of women voters in 2008, a 5-point increase over John Kerry's tally in 2004. And while about half of female Floridians voted for Bush in 2004, 52% went for Obama last year. As a result, says MacManus, a political-science professor at the University of South Florida in Tampa, "Crist could end up making a bold appointment when you consider how helpful a little diversity would be to the Republican image at this point...
Nevertheless, a tiara-donning girl interrupted my view, throwing handfuls of confetti at my wandering face. Some of it went up my nose. That’ll be there awhile. Apparently she just graduated from high school. Huzzah. We stole a piece of the sheet cake her parents were casually guarding, guiltily offering a weak “congratulations...