Issue link: https://www.epageflip.net/i/45895
Friday, October 28, 2011 – Daily News WORLD BRIEFING Economy grew nearly twice as fast in summer WASHINGTON (AP) — A summer of modest economic growth is helping dispel linger- ing fears that another recession might be near. Whether the strength can be sustained is less certain. The economy grew at an annual rate of 2.5 percent in the July-September quarter, the Commerce Department said Thursday. But the growth was fueled by Americans who spent more while earning less and by businesses that invested in machines and computers, not workers. The expansion, the best quarterly growth in a year, came as a relief after anemic growth in the first half of the year, weeks of wild stock market shifts and the weakest con- sumer confidence since the height of the Great Recession. The economy would have to grow at nearly double the third- quarter pace to make a dent in the unemployment rate, which has stayed near 9 percent since the recession officially ended more than two years ago. Europe pleases markets with plan to reduce Greece's debt BRUSSELS (AP) — The excruciating work of inking a deal to contain their two-year debt crisis over, European lead- ers turned Thursday to a poten- tially more difficult task: imple- menting the agreement that asks banks to take on bigger losses on Greece's debts and hopes to boost the region's arsenal against market turmoil. World stock markets surged Thursday on the news that the leaders had clinched a deal that everyone hopes will keep the currency union from unraveling and prevent the crisis from pushing Europe and much of the developed world back into recession. But analysts were more cautious, noting that the deal remains vague and its suc- cess hangs on the details. In the pre-dawn hours of Thursday, after the deal was unveiled, leaders claimed victo- ry. But by evening, they were cautioning that their work has follows a series of recent and dra- matic attacks. In August, a hard-line Islamist group in Nigeria known as Boko Haram bombed the U.N. head- quarters in the capital, Abuja, killing 23 people. A year earlier, militants from the Somali group al-Shabab unleashed twin bomb- ings in Kampala, Uganda, that killed 76. And a Nigerian man tried to blow up an airliner over Detroit on Christmas Day 2009 during a flight that originated from Lagos, Nigeria. Medicare premiums to increase less WASHINGTON (AP) — Good news for seniors: The government says Medicare's basic monthly premium will rise less than expected next year, by $3.50 for most. It could be good, too, for President Barack Obama and Democrats struggling for older Americans' votes in a close election. At $99.90 per month, the only begun. ''I think that yesterday we found a good overall package for the next stage, but I think that we still have many more stages to go,'' German Chancel- lor Angela Merkel told reporters in Berlin. Cracks were already show- ing not even 24 hours after the deal. In an interview on French television channels TF1 and France-2, President Nicolas Sarkozy defended the deal as necessary to save the eurozone, but took a dig at Greece. Israeli-Egyptian swap of US- Israeli citizen for 25 Egyptians JERUSALEM (AP) — Israel said Thursday that it agreed to trade Egyptian pris- oners for a U.S.-Israeli citizen imprisoned in Cairo on unsub- stantiated suspicions of spying to defuse a potential crisis between the two neighboring countries. Israel's agreement to such a swap highlights how brittle relations have become between the two since the fall of Egypt's longtime leader Hosni Mubarak, and that many on both sides want to preserve them. Israel released 25 jailed Egyptians, most of them smugglers, for the U.S.-born Ilan Grapel, who was arrested in Cairo in June and who pre- viously served in the Israeli military. The freed Egyptian prison- ers passed into Sinai through a land crossing from Israel. TV broadcasts showed some of the Egyptian men kneeling to kiss the asphalt after crossing through a blue metal gate at the border. At a news conference late Thursday in Jerusalem, Grapel said Egyptian authorities ''made sure that I was fed well, respected me and made sure no one harmed me in any way.'' US military increases focus on Africa threats NAIROBI, Kenya (AP) — While putting few U.S. troops at risk, the United States is playing a growing role in Africa's military battles, using special forces advis- ers, drones and tens of millions of dollars in military aid to combat a growing and multifaceted security threat. Once again, the focus is Soma- lia, the lawless nation that was the site of America's last large-scale military intervention in Africa in the early 1990s. By the time U.S. forces departed, 44 Army soldiers, Marines and airmen had been killed and dozens more wounded. This time the United States is playing a less visible role, provid- ing intelligence and training to fight militants across the conti- nent, from Mauritania in the west along the Atlantic coast, to Soma- lia in the east along the Indian Ocean. The renewed focus on Africa 2012 Part B premium for out- patient care will be about $7 less than projected as recently as May. The additional money that most seniors will pay works out to about 10 percent of the average Social Security cost-of-living increase they'll also be due. Cameras stream Canadian polar bear migration HELENA, Mont. (AP) — In the harsh, remote wilds of the Canadian tundra, a wolverine scampers up to a polar bear snoozing near the shore of the Hudson Bay. The bear rises and makes a half-hearted charge, driving away the fierce, badger- like animal. The brief encounter Thurs- day was streamed live to com- puters around the world through a new program that aims to document in real time the annual migration of hun- dreds of polar bears outside Churchill, Manitoba. The bears travel through the small town each October and November and then wait for the Hudson Bay freeze-up, when they can get out on the ice and hunt for seals. In the past, their trek was witnessed mainly by scientists and intrepid tourists. Real Estate Rio Vista Estates #124 Casa Grande Dr. 2 BEDROOM, 1 BATH ALL NEW MODERN KITCHEN, BATH & CARPET Call 527-7297 for more info OPEN HOUSE SAT., 0CT. 29TH • 11:30 am - 1:30 pm $47,000 $41,500-obo • Financing available OPEN HOUSE 3/2, like new 1500 sf. $138,000 OWC $1K to 5K down. 3/2 NICE NEIGHBORHOOD, $86,000 2/2 IN RED BLUFF ON ONE ACRE, $99,000 Call (530) 921-4849 2/2 MFH LIKE NEW. $58,000 Tehama Country Real Estate THIS WEEK online received 451 unique visitors last month! Our online version has Exclusive features like Recommended Realtors and much more. SAT., OCTOBER 29TH Or by appointment • 11:30 am - 1:30 pm Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sq ft $47,000 $39,500-obo. Financing available. Call 527-7297 Did you know that www.redbluffdailynews.com was visited by over 50,000 visitors with ISPs in cities outside the Shasta-Tehama -Butte market? If your listing is on this page, it's online too, as part of the online Real Estate magazine on Tehama County's most visited Website! RED BLUFF - 4.9 ACRE PARCELS Rolling Hills With Oaks Power/Phone Available, Perk Done, Paved Roads Starting at $43K with $3K Down Owner Will Carry (530) 925-4075 WESTERN REAL ESTATE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 455 S. Main S t. SALE PENDING • 840 Main St. • 1870 Montgomery • Flores Ave/I-5 ( • 13545 Saint Marys Ave. Major Price Reduction! Major Price Reduction! 2.67 Acres 11,400 sq/ft 2 Acres SALE PENDING . . . . . . . . . . . . 24, 53 or 62 Acres 40,000 sq/ft Commercial Properties For Lease: • 22680 Antelope Blvd. • 1156 Monroe St. • 460 Antelope Blvd. • 731-741 Main St. • 349 Pine St. • 225 Walnut St. • 955 Main St. • 726 Pine Street 5,600 sq/ft 6,580 sq/ft 1 to 3,000 sq/ft various size suites 819 sq/ft 2,000 sq/ft 2,995 sq/ft 1,250 sq/ft Tehama Country THIS WEEK Lake California Home For Sale FOR SALE BY OWNER 3B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (Or le a se) n (I dus t r ia l) (Or le a se) (F (R o ll-u (Of i om p D r fce re er T i oo U pal s ptai tai s rs rs) ce) (Of fce, S i h op w it h R o ll-u p D oo r) re S h op Industrial / Ag , Duck Pond) (Re tai l s pa ce aaiale in H lb v oiay Mald re) kt ) (