Housing affordability stays strong despite higher rates
Washington reports higher mortgage rates of 7.42 percent in the second quarter, but the National Association of Home Builders notes affordable markets remain across much of the country. The group says rates are still under 9 percent and affordability remains excellent, with 7.42 percent as the quarterly weighted average for adjustable and fixed loans. A separate study cites cigarette smoking as a leading cancer cause, doubling pancreatic cancer risk for longtime smokers and giving pancreatic cancer a median survival of about three months. Debra Silverman of the National Cancer Institute notes the study’s JNCI publication based on patient interviews.
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Washington
America
Tommy Thompson
National Association of Home Builders
Debra T. Silverman
National Cancer Institute
Silverman
Journal of the
Missing Stradivarius found after 27 years
UCLA seeks return of a 262 year old Stradivarius once donated to the school. Amateur violinist Teresa Salvato claims ownership for an $800,000 instrument found by a family member. David Margetts, once UCLA quartet member who borrowed the violin in 1967, recalls the loss after a drive between a Pasadena liquor store and a restaurant.
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Los Angeles
University of California, Los Angeles
Teresa Salvato
David Margetts
Margetti
UCLA
Duke of
Margetts
North Korea agrees to dismantle reactors under 10 year plan
Washington says Pyongyang will dismantle its current reactor and two under construction within ten years while two new reactors are built. The pact includes oil aid until the plants operate, IAEA verification, and potential liaison offices toward full diplomatic relations. Clinton aims to end nuclear threat and draw North Korea into global community.
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Washington
United States
North Korea
David Albright
Institute For Science and International Security
Ently
Albright
Robert Gallucci
U.S
Clinton
Gallucci
Geneva
Korean Peninsula
United Nations
Pyongyang
South Korea
Kang Sok Ju
Clinton weighs Middle East trip amid Tel Aviv bombing
President Clinton condemned the Tel Aviv bombing as an outrage to world conscience and pressed ahead with plans for a Middle East visit. He plans to address Israeli and Jordanian parliaments and to visit U.S. troops in Kuwait, with possible meetings with Hafez Assad and Hosni Mubarak and a potential Cairo stop. The trip coincides with the Israel Jordan peace treaty signing and growing Arab acceptance of Israel.
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Clinton
Israel
Tel Aviv
Middle East
Dee Dee Myers
White House
U.S
Kuwait
Hafez Assad
Cairo
Hosni Mubarak
Damascus
Richard Nixon
Jimmy Carter
Jordan
Kamar Rabinovich
Qatar
Persian Gulf
Warren Christopher
Yitzhak Rabin
Jerusalem
Paesian Dee Myers
Associated Press
Syria
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