Wednesday, October 17, 2007

Atlanta's main source of drinking water may be dry within 4 months; UK housing market may be heading for crash...

17 October :: Lake Lanier, Atlanta's main water source, might be dry within four months, according to one worst-case projection; drought across the US southeast has reached the most severe warning level... Guardian reports "Britain risks the prospect of a US-style crash in its house prices as the credit crunch in the financial markets takes its toll of a heavily over-valued property market, the International Monetary Fund warned today"; the IMF report warned the UK's housing market is severely overpriced, more even than the US market inflated by unsustainable 'sub-prime' mortgage loans... Turkey's Parliament grants Erdogan authority to launch military raids into Kurdish-controlled northern Iraq; the PM said no actions is pending, but observers say with no US or Iraqi action against Kurdish rebels, raids will occur... Hamas confounds US, Israeli plans to gain momentum for peace push with Fatah, by expressing support for peace talks with Israel; both Israel, US, view Hamas as terrorist group, moderating statements may pave way to long-term process, but Hamas inclusion may make starting talks next month less attractive to many in Israel... Clinton campaign returns $1.3 million in donations, out of "abundance of caution", including over $800,000 with potential ties to disgraced political fundraiser Norman Hsu, who allegedly coerced investors into making political donations; there is no known connection between Mr. Hsu and the Clinton campaign, but an FEC spokesman said one reason for returning donations would be that the money received is found to be "illegal"...

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