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Naveen stakes claim for government formation in Odisha

first_imgBhubaneswar: Biju Janata Dal (BJD) President Naveen Patnaik on Sunday met Odisha Governor Ganeshi Lal and staked claim to form a government for a fifth consecutive time in the state. Patnaik was on Sunday elected the BJD legislature party leader by the newly elected MLAs at a meeting held at the party headquarters here. “The honourable MLAs have elected me as their leader. I am very grateful to them,” said the Chief Minister, who will be sworn in for a fifth consecutive term on May 29. Also Read – Pak activated 20 terror camps & 20 launch pads along LoC The swearing-in ceremony will be held at the Exhibition Ground here. It is expected that over 5,000 people would attend the ceremony where Patnaik along with his council of ministers would take the oath of office and secrecy. The BJD won 112 seats in the 147-member House. The Bharatiya Janata Party has become the main opposition party by winning 23 seats. The Congress got only nine seats.last_img read more

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US housing permits rise at fastest pace in 5 years on apartments

by Josh Boak, The Associated Press Posted Nov 26, 2013 6:33 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email US housing permits rise at fastest pace in 5 years on apartments; houses remain mostly flat WASHINGTON – U.S. developers received approval in October to build apartments at the fastest pace in five years, a trend that could boost economic growth in the final three months of the year.Permits to build houses and apartments were approved at a seasonally adjusted annual rate of 1.034 million, the Commerce Department said Tuesday. That’s 6.2 per cent higher than the September rate of 974,000 and the fastest since June 2008, just before the peak of the financial crisis.Nearly all of the increase was for multi-family homes, a part of residential construction that can be volatile from month to month. Those permits rose 15.3 per cent to a rate of 414,000, also the fastest since June 2008. Plans for construction in the U.S. south drove much of the increase.Permits for single-family houses, which make up roughly two-thirds of the market, rose 0.8 per cent to a rate of 620,000. That’s still slightly below the August pace of 627,000, which was the best since May 2008.Data on homes started in October and September were not included in Tuesday’s report. Those figures have been delayed because of the government shutdown and will be released on Dec. 18 with the November home construction report.The increase in permits suggests those figures will rise. And it indicates that “housing construction will make a much bigger contribution” to economic growth in the final quarter of the year, said Ian Shepherdson, chief economist at Pantheon Macroeconomics.Construction of apartments has increased in the aftermath of the Great Recession, as the rate of homeownership has fallen from its 2006 peak of 69 per cent to 64 per cent. Lingering unemployment and stagnant incomes for millions of Americans have increased demand for rentals, which are at their lowest vacancy rates since early 2001.Builders are also benefiting from a low supply of homes for sale, which has increased prices for sellers.The rise in permits also suggests builders mostly shrugged off the partial government shutdown, which lasted from Oct. 1 through Oct. 16. The shutdown was blamed for delaying the release of the October and September housing data. And it continued to effect the government’s reporting on homes started for those months.Most economists expect the housing recovery will withstand an increase in borrowing costs that has slowed home sales in recent months.Fixed mortgage rates have risen almost a full percentage point since late May, when borrowing costs were near record lows. Last week, the average on the 30-year loan was 4.22 per cent, according to mortgage buyer Freddie Mac.Mortgage rates are still low by historical standards. And steady job gains have made it possible for more Americans to buy homes.Homebuilder confidence tailed off slightly after the government closed in October, according to a survey by the National Association of Home Builders. Their optimism flagged slightly out of concern that the shutdown and possibility another fiscal crisis at the start of next year will keep potential homebuyers on the sideline.Though new homes represent only a fraction of the housing market, they have an outsize impact on the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue, according to NAHB statistics. read more

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Onesta with 20 Experts before WCh 2013

Claude Onesta French NT coach, Claude Onesta will have tough job to decide squad for the World Championship in Spain where France defends title from Sweden 2011:Tor: Cyril Dumoulin (Chambéry), Daouda Karaboué (Toulouse), Thierry Omeyer (Kiel)Rückraum: William Accambray (Montpellier), Xavier Barachet (Atletico Madrid/ESP), Sébastien Bosquet (Dunkerque), Jérôme Fernandez (Toulouse), Nikola Karabatic (Montpellier), Timothey Nguessan (Chambéry), Daniel Narcisse (Kiel)Außen: Luc Abalo (PSG Handball), Samuel Honrubia (PSG Handball), Arnaud Bingo (Tremblay-en-France), Michaël Guigou (Montpellier), Guillaume Joli (Dunkerque), Valentin Porte (Toulouse)Kreis: Cédric Sorhaindo (Barcelona/ESP), Igor Anic (Cesson), Grégoire Detrez (Chambéry)Abwehr: Didier Dinart (PSG Handball) ← Previous Story Brazil waiting for WCh 2013 clashes Next Story → Dragan Skrbic about Handball Person Contest: “Men’s EHF EURO 2012, Onesta and Montenegrian girls” read more