Expect a relatively quiet summer week on Wall Street. If there is any big news to report this week, it will probably emerge from the real estate market. This week, two key housing reports are due to be released that will shed light on new- and existing-home sales.
HAIFA, ISRAEL--What happened to Hezbollah? Despite earlier statements that it would oppose a foreign force in south Lebanon, Hezbollah accepted the deployment of an armed U.N. force in its midst. Despite earlier statements that it would continue to fight after the cease-fire began as long as Israel remained in south Lebanon, Hezbollah not only has not shot a single Katyusha since Israel began slowly pulling out; it did not react when Israeli soldiers shot and killed some of its armed men. Hezbollah even agreed that it would not let its fighters walk around with their guns showing.
In an effort to cool China's rapidly expanding economy, which grew by a greater-than-expected 11.3 percent in the second quarter, the Chinese central bank has raised interest rates for the second time in four months.
AP - A Russian passenger jet with 171 people aboard crashed in Ukraine on Tuesday after sending a distress signal, emergency officials said. Russia's Emergency Situations Ministry said 30 bodies had been found.
AP - Iran formally responded Tuesday to a package of Western incentives aimed at persuading Tehran to suspend uranium enrichment, with officials saying it has offered a "new formula" to resolve the dispute.
AP - Two attorneys for the man suspected of killing 6-year-old JonBenet Ramsey described him as "extremely lucid" but exhausted and concerned Tuesday ahead of an extradition hearing that could have him headed to Colorado to face charges.
Iran today delivered its formal response to a package of incentives aimed at persuading Tehran to stop enriching uranium, state-run television reports. Iran's top nuclear negotiator, Ali Larijani, hand delivered the response, but details of reply were not disclosed.
A Russian plane crashed in the Donetsk region of eastern Ukraine Tuesday afternoon, according to the news agency Interfax, quoting the Ukrainian Emergencies Ministry.
It was late January the next time we moved. It wouldn't take much to prompt a move: a helicopter overhead, wild dogs barking at night, a U.S. patrol in the vicinity.
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