ROYAL PALM BEACH, Florida (Reuters) – A Florida lawyer at the forefront of legal challenges against foreclosure practices by mortgage lenders says the U.S. housing morass will drag on due to difficulty in determining who owns home loans.
Questions over practices in foreclosure procedures across the United States have forced at least three banks to temporarily halt their proceedings and prompted a growing chorus of calls by lawmakers and regulators for an industry-wide moratorium until problems are resolved.
MIAMI (Reuters) – Short-lived Tropical Storm Nicole triggered flash flooding that killed eight people in Jamaica and dumped heavy rain on Florida, Cuba, the Cayman Islands and the Bahamas on Wednesday.
The broad and ragged storm formed on Wednesday morning and dissipated Wednesday afternoon, and U.S. and Cuban meteorologists disagreed on whether it ever actually was a tropical storm at all.
MIAMI (Reuters) – Tropical Storm Nicole formed in the northwest Caribbean Sea on Wednesday and could bring flooding rain to southern Florida, Cuba, the Cayman Islands, Jamaica and the Bahamas, the U.S. National Hurricane Center said.
Nicole was centered 120 miles east-southeast of Havana, Cuba and was moving northeast with top sustained winds near 40 mph.
MIAMI, Sept 20 (Reuters) – The World Bank’s development
financing arm and the governments of Haiti and the United
States signed an agreement on Monday with South Korean clothing
producer Sae-A to develop an industrial park and garment
manufacturing operation in Haiti.
The planned project will be one of the biggest new
manufacturing initiatives in Haiti following a Jan. 12
earthquake that killed up to 300,000 people and dealt a heavy
blow to the economy of the poor Caribbean country.
MIAMI (Reuters) – An obscure Christian pastor whose plan to burn copies of the Koran on September 11 has sparked an international outcry said on Wednesday he will still go ahead with the event despite U.S. official warnings it will endanger American troops in Afghanistan and Iraq.
Pastor Terry Jones, leader of a tiny, little-known Protestant church in Gainesville, Florida, which openly campaigns against what it calls “radical Islam,” is facing a barrage of calls from U.S. government, military and religious leaders, and from abroad, to cancel his plans to publicly burn Islam’s holy book.
MIAMI, Aug 27 (Reuters) – U.S. authorities want to
extradite from the Turks and Caicos Islands a Jamaican banker
accused of running a Ponzi scheme that bilked investors out of
nearly $300 million in one of the Caribbean’s biggest financial
fraud cases, a law enforcement official said on Friday.
U.S. prosecutors have filed criminal charges against David
A. Smith, who is currently under investigation but on bail in
the Turks and Caicos, a British overseas territory.
MIAMI, Aug 23 (Reuters) – The world’s No. 1 golfer, Tiger
Woods, and his Swedish wife, Elin Nordegren, divorced on Monday
following the torrid sex scandal that engulfed Woods late last
Woods, reputed to be the world’s wealthiest sports star,
and Nordegren, a former model and nanny, issued a statement
confirming the divorce, which had been widely anticipated for
months after his public confession of infidelity in a blaze of
MIAMI (Reuters) – The world’s No. 1 golfer Tiger Woods and his Swedish wife Elin Nordegren said on Monday they had divorced following the torrid sex scandal that engulfed Woods late last year.
The news of the divorce between Woods, who is reputed to be the world’s wealthiest sports star, and his wife, a blond former model and nanny, had been widely anticipated for months following his public confession of infidelity in a blaze of media publicity.
BUENOS AIRES (Reuters) – Argentina’s economy has rebounded dramatically since its virtual collapse nearly a decade ago but many investors fear it is still locked in a boom-bust cycle and could easily unravel again.
Although the government expects 5 percent growth in 2010, driven by robust public spending and an expected record year for farm exports, President Cristina Fernandez’s policies may be undermining the prospects of steady growth in the future.
BUENOS AIRES, May 21 (Reuters) – Argentina’s economy grew
at its fastest pace in nearly two years in March, expanding a
sizzling 8.1 percent from a year earlier as brisk industry
activity strengthened a recovery, the government said.
There were other signs that Latin America’s No. 3 economy
is putting last year’s sharp slowdown behind it. Factory
production soared in April and the trade surplus narrowed as
demand for imported goods continued to pick up.