CHINA

Good Time to Lock in a 30-Year Fixed Home Mortgage Rate?

U.S. home construction unexpectedly fell 1.1 percent in February
Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?

Developing Nations Also Eye Space as China Launches First Space Lab

China has embarked on a plan to launch a new space lab on Thursday beginning with the lift off of its 8.5-ton Tiangong-1 space module. Developing nations across the world are launching space and science research that could put them on the path to charting their own future.
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China's runaway bosses spotlight underground loan market

A string of Chinese entrepreneurs have gone into hiding to avoid repaying loans, according to state media reports, highlighting a credit squeeze on private firms and the dangers of steep interest rates in China's vast and growing informal lending market.
Director Pedro Almodovar attends a news conference for the film ''La Piel Que Habito'', in competition at the 64th Cannes Film Festival

Catalan Film Beats Almodovar into Oscar Race

Spain nominated a film in Catalan for the first time ever on Wednesday as its candidate for Best Foreign Language Film at the upcoming Academy Awards, ahead of a picture by two-time Oscar winner Pedro Almodovar which stars Antonio Banderas.
Iranian President Ahmadinejad speaks during ceremony to mark Fourth National Anniversary of Nuclear Technology, in Tehran

Youcef Nadarkhani: Christian Pastor's Execution Looms in Iran

Youcef Nadarkhani, a Christian pastor in Iran, faces the death penalty if he refuses to convert to Islam. Nadarkhani, who was arrested in 2009, has been given three chances to repent and convert to Islam. All three times he has refused. Nadarkhani will be given his fourth and final chance to give up Christianity on Wednesday, which he again declined.
Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

Syria News Update: Assassinations and Sanctions

In Syria, anti-government protesters continue undeterred as President Bashar al-Assad intensifies his forceful crackdown against demonstrations. Over the last five days, at least 76 people have been killed in the northern cities of Homs and Hama and in the southern Daraa region, according to activist reports.
Kobe Bryant

Kobe Bryant to Play in Italy? Very Possible During Lockout

Kobe Bryant said it is very possible he will play in Italy during the current NBA lockout, according to The Associated Press. It would make sense because the five-time NBA champion and 13-time all-star spent some of his childhood there.
shanghai metro

Shanghai Metro Blames Controllers for Accident

Shanghai metro officials said the subway crash in the city on Tuesday was the result of a power failure and manual error. The Metro company claims that controllers failed to follow proper protocol after the shortage.

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