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Daily Archives: July 30, 2008

Obama reportedly told Democrats Israel will hit Iran if sanctions fail

Presumptive Democratic nominee Sen. Barack Obama (D-IL) purportedly told House Democrats in a private meeting Tuesday that Israel may strike Iran if sanctions on the country fail to prevent development of nuclear technology. According to an attendee who spoke to ABC NewsJake Tapper, Obama quipped, "Nobody said this to me directly but I get the…

S&P: Home prices drop by record 15.8 pct. in May

NEW YORK (AP) — Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide. The Standard & Poors/Case-Shiller 20-city index dropped by 15.8 percent in May compared with a year ago, a record decline since its inception in 2000. The…

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