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Drones over U.S. may pose security risks
BEIJING, Feb. 8 (UPI) -- The British bank Standard Chartered said Monday the Chinese government was attempting to softly deflate real estate bubbles in cities before they burst.
"We believe that we now have a bubble in many cities, particularly the big ones. The central government is trying to deflate these bubbles gently, rather than pop them," Standard Chartered said, the Financial Times reported.
Given previous spikes in land prices that did not crash, the bank said it was confident the Chinese government "can accomplish" the goal of getting control of the market. "But this does not mean that the land market will not experience pain during 2010-11," the bank said.
An analysis showed that the more expensive cities in China experienced the sharpest spike in land prices, which rose more than 200 percent in Shanghai in 2009, more than 50 percent in Beijing and 300 percent in Shenzhen, the Times said.
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BAGHDAD, Feb. 10 (UPI) --
Iran has been plundering oil from southern Iraq, a theft on a grand scale that's helping Tehran withstand sanctions aimed at throttling its oil exports.
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ARLINGTON, Va., Feb. 10 (UPI) --
The United States and Israel have flight tested the Arrow Weapon System to evaluate and verify the missile system's Block 4configuration.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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