Hovnanian CEO Says Housing’s Biggest Problem is Psychological

Hovnanian CEO Says Housing’s Biggest Problem is Psychological

By CNBC.com

CNBC.com
| 27 Jul 2007 | 12:16 PM ET

Hovnanian Enterprises Chief Executive Ara Hovnanian told CNBC Friday that
the housing market’s biggest problem is pyschological.
"It’s a psychological problem right now, more than anything else," Hovnanian
said on CNBC’s "Squawk Box." "Job growth is good. Interest rates are still
really, really good. Demographics are good so it will come around."
"We’ve been through these cycles many, many times before," he continued.
"When it’s bad everybody thinks it’s going to be bad forever, and that’s
not the case. It is going to come around."
Hovnanian doesn’t expect a rapid recovery in the immediate future because
the housing market remains "challenging."
He said the public home builders are a good barometer of the market’s
health.
"The group’s sales have been down probably 20% to 25%, so (housing) starts
should follow that kind of number, compared to last year," Hovnanian said.
Although Hovnanian expects credit-challenged would-be homebuyers are having
a harder time getting a mortgage, that’s only a small segment of the market,
he said. For others, "it’s business as usual."
"My guess is things will slowly start to stabilize soon – but stabilization
doesn’t mean recovery," he said.
© 2007 CNBC.com
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Raffi Hovhannisian: "It Is Important That People Have Real, Ideologi

RAFFI HOVHANNISIAN: "IT IS IMPORTANT THAT PEOPLE HAVE REAL, IDEOLOGICAL ALTERNATIVE IN PRESIDENTIAL ELECTIONS"

Noyan Tapan
Jul 27, 2007

YEREVAN, JULY 27, NOYAN TAPAN. The majoritarian elections of MPs
of the National Assembly to be held in Electoral Constituency 15 on
August 26 are a regular ordeal for the "Zharangutiun" ("Heritage")
party. This statement was made by Raffi Hovhannisian, the Founder of
"Zharangutiun" party and the Head of the homonimical parliamentarian
faction, at the July 27 press conference.

He also expressed hope that the authorities will not lay obstacles
in the path of holding free and fair elections. He mentioned that
he will not remove his candidature in favour of Gurgen Shahinian,
a candidate from the ARF Dashnaktsutiun, who is registered in the
same electoral constituency.

Raffi Hovhannisian declared that the question concerning the
participation of the party in the 2008 presidential elections will
be discussed in autumn at the press conference of the "Zharangutiun"
party. "It is not important whether "Zharangutiun" will take part in
these elections with its own candidate or not: it is more important
that people have real and ideological alternative," he said. Touching
upon the conversations concerning the possible candidature of Levon
Ter-Petrosian, the first President of the Republic of Armenia, Raffi
Hovhannisian mentioned that, in general, "the names circulating as
potential candidates are worthy of respect, however, at present one
name taken separately cannot become a serious alternative."

Raffi Hovhannisian is of the opinion that before the start of the
electoral campaign of the presidential elections Jirayr Sefilian,
the coordinator of the non-governmental initiative "In defence of the
liberated territories", Vardan Malkhsian, a member of the political
board of the "Homeland and Honour" party, and Aleksandre Arzumanian,
the RA former Minister of Foreign Affairs, who are currently put
under arrest, should be released.

There Is No Joker Inside Present Opposition: Chairman Of Union Of Po

THERE IS NO JOKER INSIDE PRESENT OPPOSITION: CHAIRMAN OF UNION OF POLITICAL EXPERTS

arminfo
2007-07-26 17:24:00

There is no joker inside the present opposition, Chairman of the
Union of political experts Amayak Hovanissian said at today’s
press-conference in the National press-club. As Hovanissian
said, after a shameful defeat at the past parliamentary election,
the oppositional figures feign as if nothing happened and keep on
fighting for the president’s post. "In this situation, the society is
waiting for an alternative candidate to become a counterbalance", he
said. Hovanissian emphasized that ARF "Dashnaktsutiun" will be able to
present an alternative candidate to fight against the candidate from
the Republican party. As for the rumors saying that ex-President of
Armenia Levon Ter-Petrosyan intends to be nominated at the forthcoming
presidential election, A. Hovanissian noted that definite technologies
are used in this case. He added that an excellent chance appeared
for L. Ter-Petrosyan to enter the arena and present an alternative
in the psychological situation which reigns in Armenia.

Commenting on possibilities of a so-called single candidate from
Vazgen Manukyan’s opposition, Hovanissian said that V. Manukyan is a
political figure, who did nit take part in the parliamentary election
and, from this point of view, he does not have to prove his innocence
before the people for an extremely low percent of votes gathered at
the presidential election.

Moreover, V. Manukyan is a prepared candidate for the president’s
post. As for the chances of Orinats Yerkir party leader Artur
Baghdasaryan, A. Hovanissian said that he will pass to the second round
of presidential election that will open wide prospects for him in the
political field. Asked by journalists about possibility of abolishment
of the presidential election, the political expert replied: "I do
not think that a force majeur situation will occur in the country".

Congress Bans US President To Set Up Permanent American Military Bas

CONGRESS BANS US PRESIDENT TO SET UP PERMANENT AMERICAN MILITARY BASES IN IRAQ

PanARMENIAN.Net
26.07.2007 15:14 GMT+04:00

/PanARMENIAN.Net/ In its Wednesday session the US House of
Representatives voted for the bill, which bans the President to
set up long term or permanent American military bases on the Iraqi
territory. Also the legislation bans the United States to control
oil resources of that country.

399 congressmen expressed their support for the bill, 24 voted against.

"Creation of a military object or base aimed at securing permanent
disposition of American armed forces in Iraq, as well as USA’s control
over oil resources of Iraq are not the policy of the United States,"
says the text of the adopted document, co-authors of which are 77
congressmen.

The document also bans the US administration to use any financial
means approved by any legislation of the American Congress to set up
permanent military bases in Iraq or to control the Iraqi oil. "Ideas
that the USA is going to occupy Iraq permanently helps insurgents to
recruit new followers and nourishes violent acts. A clear statement
that the United States is not seeking long-term or permanent presence
in Iraq will send a powerful message to the Iraqi nation and the
entire international community that the US fully supports efforts of
Iraqi people to implement full sovereignty and control over security,"
says the text of the document.

RA President Going On 2-Week Leave

RA PRESIDENT GOING ON 2-WEEK LEAVE

PanARMENIAN.Net
25.07.2007 18:41 GMT+04:00

/PanARMENIAN.Net/ Armenian President Robert Kocharian has gone on a
2-week leave, the RA leader’s press office reported. Robert Kocharian
will spend the vacation in Armenia.

According To Predictions, More Than 450 Thousand Tourists To Visit A

ACCORDING TO PREDICTIONS, MORE THAN 450 THOUSAND TOURISTS TO VISIT ARMENIA IN 2007

Noyan Tapan
Jul 23, 2007

YEREVAN, JULY 23, NOYAN TAPAN. According to predictions, more than
450 thousand tourists will visit Armenia in 2007. Mekhak Apresian,
the Head of the Tourism Department of the RA Ministry of Trade and
Economic Development, stated at the July 21 press conference. He said
that the number of tourists, who visited Armenia in the first quarter
of this year made 71 thousand, which is more by 41%, as compared with
the same period of the previous year.

In M. Apresian’s words, complex events are implemented in order to
present Armenia as a stable country favorable for entrepreneurial
activity, investments, including tourism. In particular, foreign
journalists’ and tour-operators’ cognitive visits to Armenia are
organized, Armenian tour-operators take part in authoritative
international tourism exhibitions, as well as from September 2006
two video clips about Armenia are shown by CNN and from May this year
also by the Euronews TV company.

Touching upon Armenian citizens’ visiting foreign countries as
tourists, he said that "they more visit Armenia than leave Armenia."

Turkish Group Wields Wit as Tool for Political Change

New York Times, NY
July 21 2007

Turkish Group Wields Wit as Tool for Political Change

By SABRINA TAVERNISE
Published: July 22, 2007

ISTANBUL, July 21 – In the growing pains of Turkish democracy, the
Young Civilians are part nurse and part comedian.

The group is one of several starting to openly question the hierarchy
in Turkey, which, as the Young Civilians see it, goes something like
this: The secular state elite and the military, which have steered
the state since its beginning, are on the top. Elected officials
deposed every decade or so by military coups are on the bottom.

The Young Civilians want that to change. Wit is their principal
weapon.

When Turkey’s political class was in a battle this spring over who
should become president, the Young Civilians came up with their own
"candidate" – a pastiche of every quality the secular old guard
detests most. Named Aliye Ozturk, she was supposed to be a Kurdish,
Armenian, Allewite woman who wears a head scarf and takes a keen
interest in classical Turkish string instruments. (Ataturk, the
founder of the modern Turkish republic, preferred Western music.)

"I will be a modern, civilized president who communicates with all
segments of the society," Aliye Ozturk says in the nomination
statement the Young Civilians posted on the Internet at
/content/view/62/146. "I will not think
that I am a feudal lord just because I live at the palacelike
residence."

The Young Civilians began as a group of students, and held one of
their earliest protests in 2003, when they took aim at the annual May
19 Youth and Sports Day, which features schoolchildren marching in
sport stadiums around the country. The ceremonies are far too stiff,
too Soviet and, frankly, too dull, they say, and they held a small
press conference proposing to "rescue the festival from the
stadiums."

"It’s a kind of Stalin festival, a dogmatic thing," said Ilhan Dogus,
a rail-thin finance major at Bilgi University whose sense of humor is
behind some recent protests.

It was the small protest in 2003 that brought the Young Civilians
their name and their notoriety. An article in Cumhuriyet, a
pro-establishment daily, cited the students’ protest in an article
titled "Young Officers Are Concerned," said Nezir Akyesilman, a
member. The group responded sarcastically, in a statement posted on
the Internet, saying that "the young civilians" were also concerned.

The Young Civilians are a diverse group, both religious and secular
with a variety of political affiliations, who are drawn together by
their passionate belief in democracy. In a written statement this
month they exhorted the leaders of all the political parties to abide
by the results of Sunday’s parliamentary elections, in which both
independents and nationalists are expected to do well. But aside from
serious work, they also indulge in comic asides. They won admirers by
rewriting Turkey’s much-despised college entrance exam as a democracy
quiz.

"Which of the below would elevate Turkey’s status to a contemporary
civilization?" one question asks.

"(A) Listening to classical music. (B) Waving flags at Republic
rallies. (C) Dancing ballet. (D) Standing against military coups and
warnings. (E) Holding a slogan that reads, ‘Turkey is secular and
will remain so.’ "

Turkish society has undergone sweeping changes in recent decades.

Large-scale migrations from rural areas to the cities starting in the
1980s have led to a rising religious middle class, whose
representatives are now fighting with the state elite for power.

In addition, Turkey has made major changes to some of its crucial
institutions to qualify for European Union membership, removing much
of the military’s influence from government and rewriting criminal
and civil codes, encouraging more openness in society.

"People are trying to rethink their identity," Mr. Dogus said. "The
one the state gave us is being deconstructed."

It is a little like lifting the cover of a long-closed book.

For most of Turkey’s history, there was little room for society to
question the official model of a Turkish citizen – a Muslim with no
ethnic identity or strong political opinion. The education system
reinforced that prototype.

Now history is being rethought in new books. Documentaries are
exploring Turkey’s past military coups. There has even been a
conference that touched on the genocide of Armenians during World War
I, a topic that has been fiercely taboo in Turkish society.

But coming to terms with the past is painful, and some Turks,
bewildered by the changes sweeping the country, are retreating along
the well-worn path of nationalism. While the European Union reforms
have pulled Turkey toward the West, the rejection of Turkey by
Europeans, as well as campaigns by nationalist politicians in Turkey,
threaten to close the country back up.

"Breaking this link with the West, this would be very dangerous for
us," said Nil Mutlver, a Young Civilian.

What is really at issue is trust, argued Mehmet Sobasi, one of the
group’s founding members. For generations, the state elite held
itself above the traditional, rural peasant class of the countryside,
imposing coups occasionally to keep Turkey on track. Now, Mr. Sobasi
contends, Turkey needs to let go of that crutch to become a truly
modern democracy.

"It’s the stage we’ll arrive to first," Mr. Sobasi said, sitting in
an office in central Istanbul. "Without getting there, we can’t
discuss anything."

The state does not want to face the problems that groups like Young
Civilians are bringing up, Ms. Mutlver said.

By the state’s thinking, she said, "we all like Armenian food, so you
see, we all live together quite happily."

http://www.aliyeozturk.com.

Armenian President opened the first Wind Surfing Center at the Lake

Armenian President opened the first Wind Surfing Center at the Lake of Sevan

arminfo
2007-07-21 15:57:00

Armenian President Robert Kocharyan opened today the first Wind
Surfing Center at the Lake of Sevan.

He said at the opening ceremony that today those who go in for water
sports have finally got a nice club at Sevan.

‘Since my student years I have not seen so many sailing-ships at
Sevan. We are trying to revive not only wind surfing but also to
create favourable conditions for the fans of this sport and for its
development. To have such a beautiful place like our lake and not
to develop water sports – is a crime>,- the president said. He also
added that in a year or two one club will not be enough and there
will be a necessity of another 2-3 clubs opening.

Armenian Youth Affairs and Sports Minister Armen Grigoryan said opening
of such a club is a big gift of the president. The center will become
stimulus for water sports developing and will attract tourists. He
also said that training at the club will be free of charge. He did
not rule out that in future international competitions maybe held at
the club as it fully meets international standards.

To note, "Hayastan" pan-Armenian foundation allocated 257 mln Armenian
drams for construction of the centre. And Youth Affairs and Sports
Ministry will exploit the center which is well equipped. At present
60 children at the age 7-18 are training at the center.

Nobody’s Business But The Turks?

NOBODY’S BUSINESS BUT THE TURKS?

The Gate – National Journal, DC
ston_defends_turkey.php
July 21 2007

Former Rep. Bob Livingston, R-La., has posted a video defending Turkey
from 90-year-old charges of genocide against Armenians. The video is
in response to the now-pending H.Res.106 and its Senate companion,
which would mandate an official recognition by Congress that Turkey
committed genocide against Armenians between 1915 and 1923.

Livingston doesn’t directly deny that a genocide took place, but
attempts to cast it as a matter of historical ambiguity. "I don’t
think any of us really know what happened," he says in the video. He
also makes the case that the resolution would unnecessarily damage
relations with Turkey.

Livingston’s name has resurfaced recently as he was, ironically,
replaced in the House by now-Sen. David Vitter after his own sex
scandal in 1999. Livingston went on to found the lobbying organization
The Livingston Group, LLC, which counts the Republic of Turkey among
its most prominent clients.

http://thegate.nationaljournal.com/2007/07/living

Caucasus Enclave Nagorno-Karabakh Elects New President

CAUCASUS ENCLAVE NAGORNO-KARABAKH ELECTS NEW PRESIDENT

Deutsche Presse-Agentur
July 19, 2007 Thursday 4:26 PM EST

DPA POLITICS NKarabakh Elections Armenia Azerbaijan Caucasus enclave
Nagorno-Karabakh elects new president Stepanakert The Nagorno-Karabakh
enclave – contested by Caucasus republics Azerbaijan and Armenia –
was electing a new president Thursday.

By the afternoon some 53 per cent of the around 91,000-strong
electorate had cast their votes, meeting the election turnout
requirements, Interfax news agency reported from the capital
Stepanakert.

The counting of votes was due to begin in the evening.

According to pre-election polls, secret service chief Bako Saakyan
is considered the favourite to succeed Arkady Gukasyan. Some 60 per
cent of those questioned supported his candidacy.

The orderly operation of the elections was an important step towards
the construction of an independent state and the strengthening of
democracy, the head of central electoral committee, Sergei Nassibiyan
said.

The enclave, which is mainly populated by Armenians, passed its own
constitution in December.

Armenia has occupied the 4,400-square-metre region in Azerbaijan’s
territory since the early 1990s, when the Karabakh Armenians drove
out Azerbaijani troops in a bloody civil war.

In mid-June, Azerbaijan’s President Ilham Aliyev had warned against
the reignition of separatist conflicts on the Caucasus.

"The ceasefire is brittle everywhere," he said.

Azerbaijan would not recognize the presidential elections he told
the government in Baku.

According to sources from the former Soviet region of Nagorno-
Karabakh, some 47 international observers were present at the
elections, including representatives from Germany, France, Russia and

the United States.

International recognition of the region has so far been unsuccessful.