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Wednesday, July 31, 2013
Fed Low Interest Rate Policies Helped Commercial Real Estate ...
[unable to retrieve full-text content]... real indices (office in white, apartments in yellow and the composite commercial index in green). Commercial property values bottomed out at the end of 2009 and beginning of 2010, depending on the property type. ... And if I overlay The Fed Funds Target Rate (purple), we see a clear relationship between Fed policy and a commercial real estate recovery (in terms of price). fedcrereits. This contrasts with the lack of house price recovery until March 2012. csfedfunds.
Father of Talia Castellano seeks cure for cancer
The beauty tutorials have stopped, but for the father of Talia Castellano, the work has just begun.
Marc Winthrop, who lost his 13-year-old daughter to two separate types of cancer last month, has taken his grief at losing Talia and poured it into carrying out her dream of one day finding a cure for pediatric forms of cancer.
Winthrop, who lives in New York with his wife Susan, told the Daily News that one of his biggest goals is to get significant money to scientists conducting cancer research.
"The biggest thing I've done is pulled together parent groups and made very significant grants to Memorial Sloane-Kettering for Neuroblastoma," he said.
The dedicated father is part of a group called Band of Parents, a volunteer-based organization with the goal of funding new therapies for the fairly rare type of cancer.
RELATED: YOUTUBE TEEN STAR TALIA DIES FROM CANCER
Now that Talia's gone, Winthrop says one of his own pet projects will be getting world-class care for all children, regardless of their parents' insurance statuses or income.
"With Neuroblastoma, if you're not at a major cancer center and something goes wrong, your survival rate really drops dramatically, and that's not fair to kids."
Their current research grant is $2 million.
Winthrop told the News that Talia's last weeks were difficult, not only for the beauty blogger, but for the entire family as well. It was important for the smiling teen to go in peace, surrounded by family.
"Her death was very hard and very sad," Winthrop said. He was in the hospital room when the brave teenager drew her last breath.
RELATED: FANS COMPLETE TALIA JOY CASTELLANO'S BUCKET LIST
He described her as looking "calm and relaxed" in her final minutes.
The family also held a private ceremony for her at a New York City synagogue last week.
His family sat Shiva for Talia after her passing, watching her many YouTube tutorials and looking at pictures of the beautiful bald girl with the bright eyes.
Still, the success holds little meaning for Winthrop. "She made her mark, and she made a difference in this world, but it doesn't change the fact that she's gone.
"I'd give it all back to have her back again."
To donate to Talia's memory, please visit Band of Parents.
bstebner@nydailynews.com
Source: http://feeds.nydailynews.com/~r/NydnRss/~3/Y1Apih5p4KE/story01.htm
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What's Keeping Women From Getting Presidential Buzz? Hillary Clinton
Dean Genth knew he was making mischief when he invited Sen. Amy Klobuchar of Minnesota ?to keynote the North Iowa Democrats' 10th?annual Wing Ding fundraiser. He thought of her as a neighbor from the state next door and an inspiring example for Iowa, which has yet to elect a woman to the Senate or the House. But a second-term senator whose name is showing up with increasing frequency on lists of 2016 presidential prospects, speaking at a high-profile political event only about 2.5 years before the Iowa caucuses that launch the nomination race?well, he says, he wasn't surprised when his press release "kicked up a little bit of a dust storm."
If you're thinking, why Amy Klobuchar, the real question should be, why not? The same goes for Sen. Kirsten Gillibrand of New York and Sen. Elizabeth Warren of Massachusetts. All three have suddenly become staples of Democratic buzz and short lists, right along with Hillary Rodham Clinton. And while they may not be making as many headlines as Marco Rubio, Rand Paul, or Ted Cruz, they have the records and resumes to be taken just as seriously.
The three hot Republican prospects all are first-term senators elected in 2010 or, in Cruz's case, 2012. By contrast, Klobuchar and Gillibrand were first elected to Congress in 2006 (Klobuchar to the Senate, Gillibrand to the House, before she was named to succeed Clinton in January 2009). Warren was already a national figure when she was elected last year. Yet until recently, the Democratic names in heavy circulation as potential alternatives to Clinton were Vice President Joe Biden, New York Gov. Andrew Cuomo, and Maryland Gov. Martin O'Malley.
Everyone knows the old joke about every senator looking in the mirror and seeing a president, and pollssuggest Americans are more than ready for a woman president. So why didn't Gillibrand, Warren, and Klobuchar emerge sooner? It would be easy to blame sexism, but there are plenty of reasons unrelated to their gender. First off, they aren't governors, a CEO-type leadership position that is a frequent rung on the ladder to the White House (four of the six most recent presidents were governors). And they don't tend toward flashy gestures, like Paul's attention-grabbing filibuster protesting President Obama's drone policy. Nor do they bring ethnic or racial diversity to the presidential mix in the way of Obama in 2008. The GOP has a wealth of such prospects for 2016, including Rubio, Cruz, Louisiana Gov. Bobby Jindal, and New Mexico Gov. Susana Martinez, the only female Republican who gets routine mentions.
And then, of course, there's Clinton, who will be receiving an award at the Wing Ding next month but has not said yet whether she will attend. Her commanding position in the field, as a former first lady, senator, secretary of State, and near-nominee in 2008, has kept the spotlight off other female prospects.
"It has nothing to do with them, their qualifications, or their ability to mount a real campaign. It has more to do with insider perceptions and the strength of Hillary Clinton," says Democratic strategist Jeff Liszt, who polled for the Madam President project sponsored by EMILY's List. "People have been so focused on Hillary."
That's different from the wide-open field on the GOP side. "You see a lot of folks newer to the political scene who are getting a lot of attention because there's no one big heavyweight there. Anybody who even thinks about booking a flight to Iowa, people immediately assume they are running for president," says Republican pollster Kristen Soltis Anderson. She adds that if you're a Democrat with presidential aspirations, "you have to be pretty open about what your ambitions are" or risk being ignored amid the Hillary hoopla.
There are at least two blogs devoted entirely to the 2016 presidential race (yes, already) and all three women have made it onto their lists of possibles. The analysts who run the blogs, Dave Catanese at TheRun2016.com and Christian Heinze atprez16.com, say their choices are educated guesses based on research and signals from the politicians themselves. Klobuchar and Gillibrand are frequent guests on cable shows, for instance. All three women were on the Madam President list compiled by EMILY's List in May. And while Klobuchar's visit with Iowans at the Democratic convention last year could be interpreted as a neighborly gesture, that doesn't explain her meeting with delegates from the early primary state of South Carolina.
As for substance, Klobuchar won national awards for fighting crime, making drunk driving a felony, and improving school safety during two terms as Hennepin County attorney (which includes Minneapolis). In the Senate, she has championed consumer protection and promoted bipartisanship; she says she has introduced two-thirds of her bills with Republicans. "Her leadership style is different from Ted Cruz or Rand Paul. I don't think that's a liability, I think that's an asset," says Liszt.
Like Rubio, who was central to the formulation and passage of comprehensive immigration reform in the Senate, Gillibrand has been a pioneer on transparency (the first senator, she says, to post her official public schedule, personal financial disclosure, federal earmark requests, and annual tax returns online). She was in the forefront of efforts to repeal the military's don't ask, don't tell policy and now is leading a drive to remove sexual-assault cases from the military chain of command. She has bucked senior Democrats with her proposal to have such allegations handled by a separate prosecutor's office, and is close to securing majority support.
Warren, a former Harvard professor, oversaw the Troubled Asset Relief Program, known as the bank bailout, conceived and proposed a consumer financial protection agency, saw it enacted into law in 2010, and got it off the ground. Then, having been deemed too controversial to head the new bureau, she headed home to run for the Senate. Warren has a strong liberal populist base and a broad national fundraising network, and in her first six months has gone her own way on issues such as bank regulation and student loans. That's created some headaches for her party, but she's a piker compared to the confrontational Cruz.
Catanese says there's space for up to three female candidates if Clinton decides not to run. "There's such a strong desire for a woman to be president in many Democratic constituencies, that I believe the pressure on Gillibrand and Klobuchar to run would be enormous if Hillary doesn't," he says. "Elizabeth Warren has the most hearts and minds on the left, but she's a freshman and may not be interested in the huge leap."
Klobuchar has the least national presence of the trio. Heinze offered this rationale for including her on his list: "She's a relatively pragmatic female from a Midwestern state who's a very good politician and gets along with everybody. If Hillary doesn't run and Democrats want to nominate a woman, Klobuchar would seem to be a more electable general-election candidate than someone like Elizabeth Warren."
She would also be valuable on any ticket in the role for which she jokes that Minnesota is best known: producing vice presidents. A popular female senator from a swing state?it's practically a no-brainer, especially if she has already shown an interest in national office and the ability to handle the pressure that comes with it.
Source: http://news.yahoo.com/whats-keeping-women-getting-presidential-buzz-hillary-clinton-090113687.html
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MintLife Blog | Personal Finance News & Advice | Which Debt ...
You?ve just come into a little bit of money and you have decided that you want to pay off one or more of your debts.
The problem is this?you?re not sure which one to pay off first.
Conventional wisdom tells you that you should choose the debt with the highest interest rate because it?s the most expensive to service.
But, you also know that you?ll soon be in the market for a new car or a new home and your FICO credit score needs to be in tiptop shape.
Is there a ?best? debt to pay off first in order to get the most credit score value?
The answer is yes, you can leverage your payoff to a better FICO or VantageScore credit score.
Here are your options and their pros and cons.
Installment Debt
An installment debt has a fixed payment for a fixed period of time. And, an asset normally secures the debt.
Your auto loan is an example of an installment loan. Mortgages, home equity loans, student loans, boat loans, and unsecured personal loans are also common examples of installment loans.
Because most installment loans are collateralized they pose less of a risk to the lender because if you default they?ll simply repossess the car or home or boat or motorcycle, sell it at auction and cover some or all of the loan balance.
I realize that there are some installment loans that are not secured (like student loans and unsecured personal loans).
Still, student loans pose much less risk to the borrower than you would think because of the difficulty of getting out of paying it.
Don?t believe me?
Here?s what FICO says about the risk posed by student loan debt.
?It?s important to understand that while student loan debt can factor into the FICO? Score, revolving debt (like credit cards) has a larger influence. That?s because we?ve found that revolving type indebtedness?has a stronger statistical correlation with future borrower performance than installment loan indebtedness.?
And here?s what Sarah Davies, VantageScore Solutions? Senior Vice President for Analytics, Product Management and Research, says about the risk posed by installment debt rather than revolving credit card debt.
?Generally speaking, paying down credit card debt can be more beneficial to a consumer?s credit score than paying down an installment loan because it reduces the total amount a consumer owes as well as the percentage of credit used, thereby increasing the amount of credit available to that consumer.?
You also have to consider the fact that many installment debts have a tax benefit in the form of deductible interest.
So, even if your paying 6% in interest?you?re really not because the interest is being offset to some extent by the tax deduction.
Because of all of this the initial impact of installment debt to your FICO scores is minimal. And, because the initial impact is minimal any benefit from paying off the debt is also going to be minimal.
Don?t get me wrong, it?s great to not have any installment debt but don?t expect your scores to shoot through the roof when it has been paid off.
Revolving Debt
Revolving accounts allow you to pay some or all of the amount each month rather than a fixed amount. And, you have access to the line of credit even after the balance has been paid.
Credit cards are the most common type of revolving debt but home equity lines of credit (aka ?HELOCs?) will also fall into this group.
Credit card debt is much more indicative of future credit risk.
First off it?s unsecured, which means the lender cannot come take something back if you stop making your payments.
You won?t lose your house or your car by defaulting on your credit card, which normally places your credit card payment lower on the priority list if you lose a job.
Further, credit card debt is normally much more expensive than any other debt mentioned in this article.
The average interest rate on a credit card is around 15% while rates on auto loans, mortgages and student loans are near or below 5%.
Because of these reasons taking on credit card debt is much more damaging to your credit scores. That?s the bad news.
The good news is that you can really improve your scores very quickly by paying down your credit card debt. It?s by far the most actionable way to improve your credit scores.
So while it?s nice to not have a car payment, it?ll be much nicer to not have a credit card payment. Choose wisely.
John Ulzheimer?is the President of Consumer Education at?SmartCredit.com, the credit blogger for?Mint.com, and a contributor for the?National Foundation for Credit Counseling.? He is an expert on credit reporting, credit scoring and identity theft. Formerly of FICO, Equifax and Credit.com, John is the only recognized credit expert who actually comes from the credit industry. The opinions expressed in his articles are his and not of Mint.com or Intuit.?Follow John on Twitter.
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Source: https://www.mint.com/blog/goals/which-debt-should-i-pay-off-first-0713/
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Bridal Beauty: 7 Gradual Tanners to Consider on Your Wedding Day
When fake tan meets the seams of a white wedding dress, it can make for a very tacky affair. Add to that a good chance you'll look too tanned against your groom, and not the least bit like yourself. While some say a spray will take more kilos off your already primed bridal body, we say go the safe route and use a gradual tan in the weeks leading up to your big day. Try a few out over the months proceeding, and make sure you photograph yourself a few days into the process to see which shade you like the best. Take notes on the application process, colour, scent and longevity. We've done some of the hard work for you, here's seven of our favourites.
Source: http://www.bellasugar.com.au/Best-Gradual-Tanner-Use-Your-Wedding-31043796
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Tuesday, July 30, 2013
Home Improvement With A Pocketful Of Tips | floorkitchenbath.com
TIP! Porches need repainting at times. You should use a high quality exterior paint.
Home improvement is something that is very popular among many homeowners. Upgrading a home, renovating it, or even putting an addition on it can make it more livable, more beautiful, and add to its value. As a homeowner, you undoubtedly know that there?s always a good reason for taking on a new home improvement project. This article provides information to help you decide what improvements are the most profitable and the easiest to finish.
TIP! Before painting, cover outlet covers with some aluminum foil. It is far easier to use aluminum foil than tape, and your covers will be shielded from possible splatters.
Make the most of fans during the summer period. Ceiling fans help circulate air, which will help in cooling the room. Room fans and ceiling fans will reduce your home?s energy consumption when compared with air conditioner use. This means lower utility bills for you.
TIP! If your wall has holes in it from pictures, spackle them. You can buy spackle at any home improvement store.
Never waste your money on materials that do not meet quality standards or pose a risk to yourself and your family. If you put down new flooring, it can be expensive and a price comparison is helpful in these instances. Shop at discount home supply stores and find stores that offer bargains.
TIP! When it comes time to purchase furnishings, shy away from living room pieces that have active patterns in the upholstery. Buying items with floral print, geometric shapes and patterns can pre-determine what your home decor must look like.
Utilize old soda plastic bottles as storage vessels in the kitchen. You can see what?s inside, be it salt or beans. You can keep them in the freezer, refrigerator or on your shelf. Just open and pour when you need to use the contents.
TIP! You can use hot glue to attach hardware such as bolts, nuts and screws to storage containers. Even with the best organization, it can be difficult to find a particular piece of hardware.
If you are doing any home improvements in your kitchen, ensure you shut off the gas in your home before you begin. It is also important to exercise extreme care in these circumstances. You do not want to start a fire or get hurt during the course of your project.
TIP! Safety must be your number one priority when you undertake home improvement projects. Risk is always involved in improvement projects to some degree, so make sure you understand how to use your power tools safely and never be afraid to ask someone for help if you are confused.
Ask for references from any contractor you hire. In essence you are hiring an employee to do a job for you. You should probably search their background very thoroughly, and ensure that others who have worked with them are happy with their work.
TIP! Install a shower if you don?t already have one on the premises. Not only are showers more accessible than bathtubs, you can also save much more water by using them, especially if your family is large.
Use a floor lamp in place of table lamps to free up space on your end tables and night stands. Floor lamps could be moved around, on the other hand, table lamps use a lot of table space. Pick a lamp you like the design of.
TIP! If you think the front of your home lacks style or character, think about buying a pergola and installing it. This is popular and gives your home a natural look.
Before painting your home?s walls, thoroughly clean them. That helps the paint to stick to the walls that much more, and will help you avoid the hassle of frequent touch-ups or more coats of paint.
TIP! Add fresh flowers or a bowl of fruit to your kitchen. Your kitchen will come to life with a beautiful flower arrangement or a generous bowl of fresh fruit.
It?s important to keep your contractors on a reasonable timeline. A contractor may have his own reasons for rushing a project. Some contractors work as quickly as they can so they can start working on something else. On the other hand, they may stay late and charge you overtime unnecessarily.
TIP! When people look at homes, the number of bathrooms plays a major role in determining how they feel about the house. Bathrooms contribute to property value.
One of the most cost efficient improvements that you can make in your home is replacing old leaky windows with well insulated new ones. Those who install this type of window will be handsomely rewarded.
TIP! Making your tile floors a source of heat is easier and less expensive than you might think. If you are considering replacing existing floors with tile anyway, ask about putting in radiant heat.
Maintaining your flexibility is quite important when you?re doing home improvement work. Sometimes, you will realize that a job will take more time than anticipated. Although it?s important to set a budget for home improvement work, you should also be prepared for surprise expenses. Flexibility is key to dealing with these issues as they arise.
TIP! How will you clean up? Home improvement projects which involves demolition will produce debris. To ensure this debris doesn?t impede your work, decide how you?re going to discard it before even beginning the project.
If you loathe cleaning out the gutters on your house, try putting in screens to protect them. Water will drain from your gutters when they are unobstructed by leaves and debris. Also, these screens and guards can help you when you are cleaning the exterior of your home.
TIP! You must not rush through demolition before you start your renovation. You might be tempted to pull out existing fixtures quickly so you can get to the installation of new ones.
Home improvement projects are quite popular for many reasons. There is always something that could use some fixing in a home. Find great ways to improve your home by implementing the tips mentioned in this article.
Source: http://www.floorkitchenbath.com/home-improvement-with-a-pocketful-of-tips-2/
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Mexico's navy vice admiral killed in ambush, authorities say
MORELIA (Mexico): A Mexican vice admiral was killed on Sunday in an ambush on a rural road in the western state of Michoacan, where the president has sent military forces to regain control of areas dominated by waring drug gangs.
Assailants armed with high-caliber rifles killed Vice Admiral Carlos Salazar, who commanded the naval base at the Pacific beach resort of Puerto Vallarta, along with another officer, the navy said in a statement.
The men were attacked after they were diverted onto a country road from a major highway running between the state capital of Michoacan and Guadalajara, the capital of Jalisco state that is home to Puerto Vallarta.
Local media reported a group of demonstrators had blocked the highway. Michoacan has seen a surge of protests and armed vigilante groups that have risen up this year, claiming authorities are failing to stop gang violence and extortion.
President Enrique Pena Nieto admitted late Thursday that organized crime controlled areas of Michoacan, but he pledged to restore order in the same state were his predecessor Felipe Calderon launched his military campaign against drug gangs.
Hundreds of federal troops have poured into Michoacan since last week, joining forces that Pena Nieto has deployed there. In May, he put a general in charge of all police and military operations in the state.
Pena Nieto took office in December promising to reduce violent crime after Calderon spent six years struggling to contain rampant drug-related violence that has claimed more than 70,000 lives since 2007.
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Princesses in north India win a king's fortune
NEW DELHI -- It has all the makings of a best-selling novel. An Indian maharaja crowned as a toddler and rich beyond imagination falls into a deep depression in old age after losing his only son.
After his own death a few months later, his daughters, the princesses, don't get the palaces, gold and vast lands they claim as their birthright. Instead, they are given a few dollars a month from palace officials they accuse of scheming to usurp the royal billions with a forged will. The fight rages for decades.
On Saturday, an Indian court brought this chapter to a close, ruling that the will of Maharaja Harinder Singh Brar of Faridkot was fabricated.
His daughters will now inherit the estimated $4 billion estate, instead of a trust run by his former servants and palace officials.
Chief judicial magistrate Rajnish Kumar Sharma, in the northern city of Chandigarh, finally gave his ruling on the case filed by the maharaja's eldest daughter, Amrit Kaur, in 1992, a court official said Monday. The court official spoke on condition of anonymity because he was not authorized to speak to the media.
The Faridkot riches were legend in India's Punjab state.
The estate includes a 350-year-old fort, palaces and forests lands in Faridkot, a mansion surrounded by acres of land in the heart of India's capital New Delhi and similar properties spread across four states. There is also a stable of 18 cars including a Rolls Royce, a Daimler and a Bentley, all in running condition.
In addition, there is an aerodrome in Faridkot, spread over 200 acres, which is being used by the Punjab state administration and the army.
And more than 10 billion rupees ($170 million) worth of gold, jewelry studded with diamonds, rubies and emeralds.
Brar himself was a boy-king who grew up amid the final gasps of India's royal families. He was crowned maharaja of the tiny kingdom of Faridkot in western Punjab ? the last maharaja it would turn out ? at the age of three, upon his father's death.
After India won independence from Britain in 1947, Faridkot and hundreds of other small kingdoms were absorbed into the country, royal titles and power were abolished and the royal families were given a fixed salary from the Indian government. That payment, the "privy purse," was abolished in 1971.
Some royals slipped into penury, some converted their former palaces into luxury hotels to provide them an income.
A few, like Brar, held onto their enormously profitable real estate and continued to live a rarefied life.
But in 1981, Brar's only son, Tikka Harmohinder Singh, was killed in a road accident and he tumbled into a deep depression. It was then, his three daughters' argued, that his trusted aides connived to deprive his family of their fortune. They set up the Meharawal Khewaji Trust, naming all the maharaja's servants, officials and lawyers as trustees.
A short time after Brar's death in 1989, a will leaving all his wealth to the trust became public. The two younger princesses, Deepinder Kaur and Maheepinder Kaur, were given monthly salaries of $20 and $18 respectively. Brar's wife, mother and oldest daughter ? the presumed heir ? were cut off without a penny.
The trust told the court that Amrit Kaur had been shunned by her father for marrying against his wishes.
Kaur told the court that her father had never made a will and that she had remained with him till his death.
In the two decades that it has taken for the court to give its ruling, much has changed. The value of the estates has increased manifold. The New Delhi properties alone are worth about $350 million. One of his daughters, Maheepinder Kaur, died. Amrit and Deepinder are in their 80s.
The family's lawyer, Vikas Jain, told India's Financial Express newspaper that some of the fortune had been squandered away during the long case.
The trust is weighing a challenge to the Chandigarh court order in a higher court, news reports said Monday.
"The will was real and it was not forged. The trust, after going through the order in detail, could challenge it in an upper court," Ranjit Singh, a lawyer for the trust, was quoted as telling The Times of India newspaper.
Source: http://www.miamiherald.com/2013/07/29/3528744/princesses-in-north-india-win.html
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Monday, July 29, 2013
Should I call back debt collectors who had the wrong number?
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Sunday, July 28, 2013
U.S. coach Klinsmann banned for Gold Cup final
Jurgen Klinsmann was ejected in the 87th minute of Team USA's 3-1 semifinal victory over Honduras.
Nicholas Kamm /Getty Images
CHICAGO (AP) -- The U.S. soccer team will be missing a key figure for the Gold Cup final against Panama on Sunday: their coach.
Jurgen Klinsmann was suspended for one game Friday by CONCACAF's disciplinary committee, the result of his ejection in the 87th minute of a 3-1 victory over Honduras in the semifinals Wednesday. Klinsmann was dismissed "for showing dissent towards the referee by throwing the ball in a violent manner," the disciplinary committee found, and said FIFA rules require anyone ejected from a match to be suspended for the following game.
The decision cannot be appealed.
"I don't think it changes too much," U.S. captain DaMarcus Beasley said Friday. "It's always good to have him on the bench, but he'll give his wisdom before the game ... make sure we get off on the right foot. But it's not going to be the same not seeing his face on the sideline, giving us instructions when we need it and being the enthusiastic person that he is on the bench. Especially, when we score or he needs to tell us something if we need to change something."
Klinsmann was irate Wednesday after the referee failed to issue cards on a series of hard fouls against the Americans. He could be seen yelling and gesturing angrily in the direction of the referee, and was told to leave the field after he slammed a ball into the ground.
Klinsmann later apologized, saying he acted out of frustration.
"I was talking to the ref as well. There weren't any cards," Beasley said. "I got hit three, four times in somewhat the same sequence, and they didn't call anything but a foul. So I could understand his frustration. I was frustrated."
The Americans are seeking their fifth Gold Cup title. They also are looking to extend their record 10-game winning streak in all matches.
"This is what he lives and dies for," Eddie Johnson said. "This is the opportunity that American soccer has been wanting, to have a coach with such experience, who's played at the highest level and played on big teams and managed big players, to be in this position to help us get to where we're trying to go in American soccer."
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Source: http://rss.cnn.com/~r/rss/si_soccer/~3/cSFgRczNt7o/
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Syrian troops capture historic mosque in central city of Homs amid fierce government offensive
DAMASCUS, Syria ? Syrian government forces captured a historic mosque in the central city of Homs on Saturday, expelling rebel forces who had been in control of the 13th century landmark for more than a year and dealing a symbolic blow to opposition forces.
State-run news agency SANA quoted an unnamed military official as saying that troops took control of the Khalid Ibn al-Walid Mosque in the heavily disputed northern neighborhood of Khaldiyeh.
Syrian TV aired a report Saturday night with footage from inside the mosque, showing heavy damage and the tomb's dome knocked out. The footage showed debris strewn on the floor and a portion of the mosque appeared to have been burned.
The mosque, famous for its nine domes and two minarets, has been a symbol for rebels in the city that is known as "the capital of the revolution." On Monday, government troops shelled the mosque, damaging the tomb of Ibn al-Walid, a revered figure in Islam.
After capturing the strategic town of Qusair near the Lebanon border last month, government troops launched an offensive on rebel-held areas in Homs, Syria's third largest city, late in June. They have been pushing into Khaldiyeh and other neighborhoods in the Old City that have been under opposition control since 2011.
A Homs-based activist who identified himself only by his nickname, Abu Bilal, for fear of government reprisals, said troops entered the mosque area from the east. He said regime forces now control more than 60 percent of Khaldiyeh.
"There are very fast developments in Khaldiyeh," Abu Bilal told The Associated Press via Skype. He said he had no further details from local rebel commanders.
The Britain-based Syrian Observatory for Human Rights reported heavy fighting around the mosque, saying the government troops are backed by members of Lebanon's Hezbollah group.
A journalist embedded with Syrian troops told the AP that a reporter for Iran's Arabic-language Al-Alam television station was wounded near the mosque. A sniper's bullet struck the thigh of journalist Roa al-Ali, the journalist said, asking his name not be made public as he wasn't authorized to give information to other media outlets.
On top of its symbolic value, Homs is also a geographic lynchpin in Syria. The main highway from Damascus to the north as well as the coastal region, which is a stronghold of President Bashar Assad's Alawite sect, runs through Homs. Both rebels and the regime place a high strategic value on the city.
And although Assad's forces have been on the offensive in recent months, activists say the regime wants to capture the entirety of Homs to include it in a potential future Alawite state ? stretching from Homs to the coast ? where Assad could make his last stand if the civil war swings against him.
Source: http://www.startribune.com/world/217217651.html
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