Friday, September 28, 2012

Three materials could hold the key to future hydrogen cars

Three materials could hold the key to future hydrogen cars [ Back to EurekAlert! ] Public release date: 27-Sep-2012
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Contact: Katie Neal
nealkc@wfu.edu
336-758-6141
Wake Forest University

New research funded by the prestigious National Science Foundation CAREER Award will look at how to safely and efficiently store hydrogen one of the key problems preventing hydrogen from being used as an alternative fuel.

Award recipient Timo Thonhauser, of the Wake Forest University physics department, said current storage methods, such as compressing hydrogen into tanks, are unwieldy, making the storage question the big bottleneck in turning hydrogen fuel cars into a reality.

"Simply pumping pure hydrogen into pressurized tanks in your car is inefficient and potentially dangerous," he said. "But even if you could, you just cannot get enough of it into the tank you'd drive for 50 miles, and then your car would stop. So we need to find a better way to store hydrogen, and that means identifying a material that can safely incorporate it into its structure."

The NSF CAREER Award, given to the nation's top junior faculty who demonstrate excellence as teacher-scholars, comes with a $426,572 grant. Thonhauser, an assistant professor, will use this grant to determine whether any of the three substances magnesium borohydride, ammonia borane, and alkanes could be used to create a safe and efficient hydrogen storage solution.

Hydrogen has shown great promise as an alternative fuel. It is the most abundant element on the surface of Earth, and every nation has access to it. One pound of hydrogen has about three times as much energy as one pound of gasoline, and seven times as much energy as one pound of coal. But even better, when hydrogen combusts, the only byproduct is water.

"So, if hydrogen is so cool, why aren't we using it? It's because we don't know how to store it in a practical way," Thonhauser said. "There's no question that fossil fuels are going to run out eventually. Plus, the combustion of fossil fuels creates a lot of problems for the environment. Research into alternative fuels is vital right now."

The CAREER Award also requires scientists to develop outreach programs. Thonhauser will work with SciWorks, a science and environmental center in Winston-Salem, N.C., to build an interactive hydrogen fuel exhibition; he also will create a mentoring program at Wake Forest to help graduate and post-doctoral students improve research skills and begin their careers as scientists.

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AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Three materials could hold the key to future hydrogen cars [ Back to EurekAlert! ] Public release date: 27-Sep-2012
[ | E-mail | Share Share ]

Contact: Katie Neal
nealkc@wfu.edu
336-758-6141
Wake Forest University

New research funded by the prestigious National Science Foundation CAREER Award will look at how to safely and efficiently store hydrogen one of the key problems preventing hydrogen from being used as an alternative fuel.

Award recipient Timo Thonhauser, of the Wake Forest University physics department, said current storage methods, such as compressing hydrogen into tanks, are unwieldy, making the storage question the big bottleneck in turning hydrogen fuel cars into a reality.

"Simply pumping pure hydrogen into pressurized tanks in your car is inefficient and potentially dangerous," he said. "But even if you could, you just cannot get enough of it into the tank you'd drive for 50 miles, and then your car would stop. So we need to find a better way to store hydrogen, and that means identifying a material that can safely incorporate it into its structure."

The NSF CAREER Award, given to the nation's top junior faculty who demonstrate excellence as teacher-scholars, comes with a $426,572 grant. Thonhauser, an assistant professor, will use this grant to determine whether any of the three substances magnesium borohydride, ammonia borane, and alkanes could be used to create a safe and efficient hydrogen storage solution.

Hydrogen has shown great promise as an alternative fuel. It is the most abundant element on the surface of Earth, and every nation has access to it. One pound of hydrogen has about three times as much energy as one pound of gasoline, and seven times as much energy as one pound of coal. But even better, when hydrogen combusts, the only byproduct is water.

"So, if hydrogen is so cool, why aren't we using it? It's because we don't know how to store it in a practical way," Thonhauser said. "There's no question that fossil fuels are going to run out eventually. Plus, the combustion of fossil fuels creates a lot of problems for the environment. Research into alternative fuels is vital right now."

The CAREER Award also requires scientists to develop outreach programs. Thonhauser will work with SciWorks, a science and environmental center in Winston-Salem, N.C., to build an interactive hydrogen fuel exhibition; he also will create a mentoring program at Wake Forest to help graduate and post-doctoral students improve research skills and begin their careers as scientists.

###


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?


AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert! system.


Source: http://www.eurekalert.org/pub_releases/2012-09/wfu-tmc092612.php

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Egypt tourism takes a hit from prophet protests

In this Thursday, Sept. 27, 2012 photo, in this photo taken on Wednesday, Sept, 26, 2012, An Egyptian man rides a motorbike passes a historical mosques in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, in this photo taken on Wednesday, Sept, 26, 2012, An Egyptian man rides a motorbike passes a historical mosques in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, tour guides wait for clients next to the Giza pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, a tour guide sits on his camel as he waits for clients next to the Giza pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Photo taken on Sept, 26, 2012, an Egyptian policeman sits guard in Khan Al-Khalili area in Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

In this Thursday, Sept. 27, 2012 photo, foreign tourists visit the historical site of the Giza Pyramids, near Cairo, Egypt. The Egyptian demonstrations against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad were part of a wider explosion of anger in Muslim countries. They happened near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and a lot further from gated Red Sea resorts, cocoons for the beach-bound vacationer. Yet the online or TV images _ flames, barricades, whooping demonstrators _ are a killjoy for anyone planning a getaway, even though the protests have largely subsided. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a dropoff early next year, since people tend to plan several months ahead.(AP Photo/Khalil Hamra)

(AP) ? One of the world's largest cruise ships, its foreign passengers primed for onshore spending, was supposed to dock in Egypt this month. The port call, however, was scrapped because of security concerns surrounding Mideast protests against a film made in the U.S. that denounces Islam's holiest figure.

Once again, Egyptian tourism, an engine of the national economy and a flagship of the regional industry, has taken a hit. It was another setback for a business that had plummeted in parts of the Middle East and North Africa last year during the uprisings known as the Arab Spring, then moved toward recovery this year.

"Small things become like mountains," Essam Zeid, an Egyptian tour guide, said of the fallout from unrest in Egypt since authoritarian President Hosni Mubarak was ousted in February 2011. But he also offered a (somewhat) positive metaphor: "We always say that Egypt gets sick but never dies. Recovery is always an option."

Egypt and other Arab nations undergoing turmoil rely heavily on the labor-intensive trade and see it as key to economic growth and social stability.

Tourism directly contributes a big chunk of gross domestic product to some of the countries that suffered economic fallout from last year's tumult, which came not long after the global financial crisis. Egypt, for example, generates 6.7 percent of GDP from travel and tourism and Tunisia is around the same level with 6.6 percent, with benefits to related businesses pushing the figures even higher, according to the London-based World Tourism and Travel Council. It is among industry groups that will assess the impact from the latest upheaval, though it is too early for a comprehensive estimate of losses.

In the multi-layered Middle East, a setback for tourism in one area can mean a windfall in another. During the Arab Spring, tourists, many of them Arabs, turned away from countries in crisis and traveled to more stable places like Qatar, Kuwait and the United Arab Emirates, said Sana Toukan, Middle East research manager for Euromonitor International, a market research group. The UAE also drew more Chinese visitors, according to Toukan.

The latest downturn followed demonstrations in Egypt against an online film that was produced by a U.S. citizen originally from Egypt and denigrates the Prophet Muhammad. They were part of a wider explosion of anger in Muslim countries. The unrest hit near the U.S. Embassy, far from the pyramids of Giza on Cairo's outskirts, and even farther from gated Red Sea resorts, cocoons for the beach-bound vacationer.

Yet the online or TV images of flames, barricades and whooping demonstrators were a killjoy for anyone planning a getaway, even though the protests have subsided in many places. Tour guides in Egypt say tourist bookings are mostly holding, but they worry about a drop-off early next year as people tend to plan several months ahead.

Tharwat Agami, head of the chamber of tourist agencies in Luxor, home to the Valley of the Kings tombs in southern Egypt, reported up to one-quarter of tourist cancellations through October. His own company guided 17 American tourists last week, half of the group's expected number.

Royal Caribbean International took no chances. One of its vessels, Mariner of the Seas, can carry more than 3,000 passengers. It left Italy, on Sept. 15 ? with regional tension still boiling over the film ? and was to call at Alexandria on the northern Egypt Mediterranean coast three days later.

The company canceled the layover "in an abundance of caution," said Cynthia Martinez, director of global corporate communications at Miami-based Royal Caribbean Cruises Ltd.

"Royal Caribbean International continues to closely monitor the situation in Egypt," Martinez wrote in an email Tuesday to The Associated Press. "At this time, Royal Caribbean has not changed the itinerary of any upcoming sailing that includes a port call to Egypt."

Cruise ships also stayed away during the turmoil that led to Mubarak's downfall. Usually, passengers board buses for a day's outing to Cairo, where the pyramids, the medieval citadel, the mummies of the Egyptian Museum and other treasures await. It's a windfall for guides, ticket vendors and souvenir shops.

Egyptian tourism revenues fell 30 percent to $9 billion in 2011, but the industry proved as resilient as it is vulnerable. It survived the killing of 62 people, mostly foreign tourists, by Islamic militants in a 1997 attack at Luxor that seemed aimed at weakening the government by stopping the flow of tourism revenue. The Sept. 11, 2001 attacks by al-Qaida pummeled tourism, as did 2005 bombings in Egypt's Red Sea resort of Sharm-el-Sheikh.

Fueled partly by oil income, Mideast tourism is more diverse and reliant on regional customers. Expatriates and tourists splurge in the glitzy city-state of Dubai in the Persian Gulf; religious tourism is big at Islamic sites in Saudi Arabia; Oman and Jordan are angling for a piece of the medical tourism market. The popular uprisings did not affect Turkey but diverted tourist traffic to the country, now rated sixth in the world in international tourist arrivals.

Tourism prospects are a moot point in Syria, which is embroiled in a civil war, and in still-chaotic Libya, where militias roam. The U.S. ambassador to Libya and three other Americans were killed on Sept. 11 in the eastern Libyan city of Benghazi in an attack on the American consulate there.

In Tunisia, violence and looting around the U.S. Embassy during a protest against the anti-Islam film did no favors for a tourism campaign that had been titled, "All Dreams are Possible."

"It's not one picture when you look at the Middle East," said Sandra Carvao, Madrid-based communications coordinator at the World Tourism Organization, a U.N. agency. "It's a region that has suffered and has proven to bounce back in the past."

Indeed, the agency had deemed the Middle East to be the fastest growing tourism market in the world over the past decade, despite the Iraq war, the 2006 conflict between Israel and Lebanon's Hezbollah and other violence. While some Gulf airlines have gone bankrupt, Carvao compared the expansion of Emirates and Etihad Airways to the rate of growth of Asia's aviation leaders.

Amid upheaval and political transition in 2011, according to the agency, international tourist arrivals in the Middle East dropped seven percent to 55.7 million, and in North Africa by nine percent to 17 million. So far this year, the numbers have climbed by nearly one percent and 10.5 percent, respectively.

Gladys Haddad, a tour guide in Cairo, said she was pleased that Egypt's new president, Mohammed Morsi, appealed to Italians to visit Egypt when he was in Rome at the height of tension over the anti-Islam film. She said early concerns that Egypt's Islamist-dominated government might scare off tourists by banning alcohol or mixed beaches have waned, at least for now.

"I don't think they're going to have like a magic stick to do things right away" to improve tourism, Zeid, the guide who is quick with a metaphor, said of Egypt's fledgling government. "We can't really evaluate their work right now. They have lots of other issues on their agenda."

One thing in their favor, immeasurably, is what lies in Egyptian sands. In its bid to revive tourism, the government this month reopened the Serapeum of Saqqara, a subterranean necropolis where bulls were believed to have been buried in giant sarcophagi. The site was closed for a decade for renovation.

One tourist who marveled at Egypt's heritage was Herodotus, the ancient Greek who wrote about Egyptian beliefs and customs, based on what he said he had observed.

According to a 19th century translation by a British scholar, he wrote: "Concerning Egypt itself, I shall extend my remarks to a great length, because there is no country that possesses so many wonders, nor any that has such a number of works which defy description."

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2012-09-28-Prophet-Film-Egypt-Tourism/id-dc413905bf014cdda04daf628b16de8b

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Jay-Z readies 1st show at NYC's Barclays Center

AAA??Sep. 28, 2012?3:15 PM ET
Jay-Z readies 1st show at NYC's Barclays Center
By MESFIN FEKADUBy MESFIN FEKADU, AP Music Writer?THE ASSOCIATED PRESS STATEMENT OF NEWS VALUES AND PRINCIPLES?

FILE - In this Sept. 26, 2011 file photo, entertainer Shawn "Jay-Z" Carter gestures during a news conference in front of Barclays Center, under construction in the background, as Brooklyn borough President Marty Markowitz, right, applauds in downtown Brooklyn, N.Y. Jay-Z, who is also the co-owner of the Brooklyn Nets, will open the team's new 18,000-seat arena with a concert series beginning on Friday, Sept. 28, 2012. (AP Photo/Kathy Willens, File)

FILE - In this Sept. 26, 2011 file photo, entertainer Shawn "Jay-Z" Carter gestures during a news conference in front of Barclays Center, under construction in the background, as Brooklyn borough President Marty Markowitz, right, applauds in downtown Brooklyn, N.Y. Jay-Z, who is also the co-owner of the Brooklyn Nets, will open the team's new 18,000-seat arena with a concert series beginning on Friday, Sept. 28, 2012. (AP Photo/Kathy Willens, File)

FILE - In this May 14, 2012 file photo, entertainer Shawn "Jay-Z" Carter smiles during a news conference at the Philadelphia Museum of Art in Philadelphia. Jay-Z will perform the first of eight shows at the newly built Barclays Center in Brooklyn on Friday night. The rapper is the co-owner of the Brooklyn Nets, who will play the new arena this year. (AP Photo/Matt Rourke, File)

(AP) ? Call it his official homecoming: Jay-Z will perform the first of eight shows at the newly built Barclays Center in Brooklyn on Friday night.

The rapper is the co-owner of the Brooklyn Nets, who will play the new arena this year. Brooklyn-born Jay-Z will christen the venue, which holds 18,000 seats.

Jay-Z's performance Friday is expected to feature other top musicians. His past shows included wife Beyonce, Kanye West, Alicia Keys and dozens of others.

The Barclays Center will rival Manhattan's Madison Square Garden for musical events. A number of acts have booked shows at the venue, including Barbra Streisand, Lady Gaga, Bob Dylan, Rihanna, Rush, The Who, Justin Bieber and Neil Young and Crazy Horse.

Jay-Z will perform at Barclays through Oct. 6 with the exception of Oct. 2.

Associated Press
People, Places and Companies: Jay-Z, Beyonce Knowles, Kanye West, Alicia Keys, Barbra Streisand, Lady Gaga, Bob Dylan, Rihanna, Justin Bieber, Neil Young, New York, Brooklyn, New York City, United States

Source: http://hosted2.ap.org/APDEFAULT/4e67281c3f754d0696fbfdee0f3f1469/Article_2012-09-28-Music-Jay-Z-Barclays%20Center/id-3752099b83c140df9826feaefd2c03e4

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Thursday, September 27, 2012

BlackBerry 10 guide - Know Your Cell











Research In Motion gave us the clearest picture yet of its upcoming BlackBerry 10 operating system?and said it is building its next-generation, mobile-computing platform around a few key things: productivity, reliability, security, multitasking and the keyboard. Let's take a look at what it showed off during its BlackBerry Jam developer event.?

RIM said it has rebuilt its operating system around simple, yet powerful gesture interfaces. It's courting developers to make third-party apps (maybe trying too hard) but the company said that the in-and-out-of-apps metaphor that's common with the iPhone and Android is somewhat out of date. Instead, RIM built BlackBerry 10 around the idea of fluid multitasking and this is evident in BlackBerry Flow and BlackBerry Hub.?

BlackBerry Flow?

BlackBerry Flow starts from the moment when you wake up the device, as you simply swipe up on the screen to wake it up. The lock screen displays things like recently-received emails or upcoming calendar appointments and you can interact with these by tapping on them.?

Flow is built around the idea of enabling users to quickly gain access to the information they need with simple gestures, and another aspect of that is called BlackBerry Peek. Let's say you're in your full-screen calendar app, by swiping up from the bottom, the calendar will become smaller and you'll be able to swipe over to your integrated messaging inbox, known as BlackBerry Hub.?

BlackBerry Hub

RIM is known as a messaging powerhouse and the BlackBerry Hub will be the place to go to keep track of your e-mails, Twitter, Facebook updates and BlackBerry Messages. The BlackBerry Hub is accessible from nearly any screen by making a specific swiping gesture (swipe to the right when you're in BlackBerry Peek). Within the hub, you can get all of the contact information including content from LinkedIn and Facebook in one central repository.?

If all the gestures seem a little confusing, you may be right. Over at CNET, they said the BlackBerry 10 operating system shows promise, but there is somewhat of a steep learning curve to understand how Flow, Hub and Peek work. In some ways, this reminds me of the ill-fated PlayBook?and its gesture-based controls.?

BBM

The new BBM continues to have that real-time communication element that people love, but it's also been revamped to look more modern and incorporate BlackBerry Flow and Hub. Thanks to what RIM is calling Active Frames, when BBM is minimized on your home screen, you'll still be able to see the most recent message. This is similar to the Live Tiles we've seen in Windows Phone.

BlackBerry Keyboard

Of course, it wouldn't be a BlackBerry without a good keyboard and RIM is very proud of the software keyboards that will be coming with BlackBerry 10. The BlackBerry 10 keyboard will automatically learn how you type and it will even be able to auto-correct in multiple languages without you having to toggle between settings. That's quite impressive.?

I know some of you out there don't care how good a software keyboard is, you just want your physical keys. You'll be happy to know that RIM is committed to bringing out a BlackBerry 10 device with a physical QWERTY keyboard in the not-too-distant future.?

BlackBerry Balance

RIM is known to be a big player in the corporate space, so it's making it easy for companies to keep their data separated from their employees' personal data on the phone. With the BlackBerry Balance feature, users will be able to tap a button and the device will swap between personal and business.?

This means you'll be able to pull up all your corporate apps and the associated data by tapping on a button and there will even be a specific corporate BlackBerry App World.?

Third-party apps

While RIM is very proud of the Flow and Hub elements of BlackBerry 10, which will let you get a lot done without having to hop into apps, it's still courting developers. We saw demonstrations from Facebook and Foursquare and these third-party apps integrate well with the core functionality of the platform.?

We also spied icons for apps from Box, Twitter and LinkedIn and you can expect a host of other consumer and enterprise apps. RIM is also laying out a $10,000 guarantee for BlackBerry 10 app makers who hit certain criteria.?

How does it stack up?

RIM CEO Thorsten Heins is at least being realistic with BlackBerry 10, as he recently said that it could be the third-most used operating system behind iOS and Android. After studying the demonstration a bit more, I'm intrigued by what RIM is baking up but I'm still not convinced it can overcome the "too little, too late" syndrome.?

BlackBerry is actually still growing outside the United States and it now has more than 80 million users (most of the growth is within developing markets). BlackBerry 10 is doing some very interesting and valuable things too, but I still don't see it making much of a dent in the adoption of the iPhone 5 or the high-end Android market.?

Dethroning Windows Phone for third place is a much more achievable goal, but I still don't think it offers what Microsoft is going to have. If BlackBerry 10 was already on the market, I'd like RIM's chances a lot more but considering we won't see the inevitably immature first version until 2013, I'm not very optimistic about its chances.?

You can watch the entire demonstration from the BlackBerry Jam keynote below:

?

Source: http://www.knowyourcell.com/news/1606152/blackberry_10_everything_you_need_to_know.html

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Prices of new homes?hit 5-year high

By Reuters

New U.S. single-family home sales eased in August but held near two-year highs and prices vaulted to their highest level in more than five years, adding to signs of a broadening housing market recovery.

The Commerce Department said on Wednesday sales slipped 0.3 percent to a seasonally adjusted 373,000-unit annual rate. July's sales pace was revised up to a 374,000-unit pace, the highest level since April 2010, from the previously reported 372,000 units.

Economists polled by Reuters had forecast sales at a 380,000-unit rate last month. Compared to August last year, new home sales were up 27.7 percent.

Despite the month-on-month dip in sales, the report was consistent with other data that have suggested a turn-around in the housing market after collapsing in 2006 and igniting the 2007-09 recession.

Home resales surged last month and homebuilder sentiment jumped to a six-year high in September. However, the housing market recovery lacks sufficient strength to take the baton from manufacturing as the main driver of the economic recovery.

The Federal Reserve moved this month to bolster the economy, announcing it would buy $40 billion in mortgage-backed securities per month until the outlook for employment improved significantly.

Last month, the median price of a new home increased a record 11.2 percent to $256,000 -- the highest level since March 2007. Compared to August last year, the median sales price jumped 17 percent, the largest rise since December 2004.

The inventory of new homes on the market held near record lows last month. At August's sales pace it would take 4.5 months to clear the houses on the market, unchanged from July.

More money and business news:

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Copyright 2011 Thomson Reuters. Click for restrictions.

Source: http://bottomline.nbcnews.com/_news/2012/09/26/14111495-new-home-sales-ease-but-prices-hit-5-year-high?lite

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Scoring Jay-Z Tickets: Is There An Easier Way?

'The longer you can wait, the cheaper you can get them,' TickPick co-founder Brett Goldberg tells MTV News.
By Rob Markman


Jay-Z
Photo: WireImage

Source: http://www.mtv.com/news/articles/1694496/jay-z-barclays-center-tickets.jhtml

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U.S. Treasury official to visit China in September for economic talks

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