Report: Nearly One in Five Owe More Than Homes Are Worth

How’s this for odds: If you have a house in Las Vegas, there’s a 58% chance you owe more on your mortgage than the place is worth. Nevada, of course, is ground zero for the real estate bust — but it’s hardly alone in having truckloads of “underwater” homeowners. As of December, 19.8% of mortgage holders nationwide had negative equity in their houses, according to a new report by loan-tracker First American CoreLogic.

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U.N.: 15,000 flee southern Darfur

Thousands of people have fled recent violence in south Darfur, seeking security and shelter at a refugee camp in north Darfur, the United Nations said Wednesday. The U.N.’s Office for the Coordination of Humanitarian Affairs (OCHA) reported that fighting in Muhajeria and Shearia between Sudanese government forces, and the rebel Justice and Equality Movement (JEM), drove over 15,000 people north to the Zam Zam camp. The water supply to the camp is becoming strained with displaced people arriving there every day, OCHA has said.

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Will Pakistan’s Shari’a Pact Calm or Inflame a Troubled Region?

In a desperate move to deal with an intractable radical insurgency, the Pakistan government says it will impose a form of Islamic law in the area of Swat Valley in the northwestern corner of the country. As a result, Islamabad’s faltering military campaign there has been put on hold, and the militants have agreed to a tentative ceasefire.

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Sudanese government, rebels in peace talks

The Sudanese government and a rebel faction in the country’s troubled Darfur region have agreed to embark on talks that many hope will eventually end a six-year conflict that has killed about 300,000 people, Qatari media reported Tuesday. The government and representatives of Justice and Equality Movement (JEM) will sign an initial agreement Tuesday on confidence-building measures, Qatar’s official news agency, SUNA, quoted the country’s prime minister as saying

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