2
AGRICULTURE PROGRAMS IN LIVING C M Y K DCTU0324/A/01 DCTU0324/A/01 Cyan Magenta Yellow Black *DCTU0324/A/1/C M Y K/1/4* M Copyright 2009 Gannett Rochester Newspapers Four Sections ◆◆◆ A B C INSIDE TODAY SPORTS KIDS AT PLAY! ROCK CLIMBING HAS MULTIPLE BENEFITS TURN TO PAGE 4D BUSINESS LOCAL CAMPAIGN TO IMPROVE FINANCIAL LITERACY UNVEILED TURN TO PAGE 5B LIVING HOLLY HOWELL AN ALLEGORICAL LOOK AT THE WINE SALES CONTROVERSY TURN TO PAGE 1C LOCAL TAPPERS GROUP PROVES YOU CAN BE ACTIVE INTO 80S, 90S TURN TO PAGE 1B SPORTS BILLS TO OPEN SEASON AGAINST PATS; OFF-SEASON CONDITIONING STARTS TURN TO PAGE 1D ALSO INSIDE CROSSWORD | 2A, 4C EDITORIALS | 5A DEATHS | 2B TV, MOVIES | 5C CLASSIFIED | 10C COMICS | 4C, 5C SUNNY, NOT AS COLD 44° 26° Expanded Weather 6D Local weather on your cellphone Text ROCWEATHER to 44636 powered by TUESDAY, MARCH 24, 2009 75 CENTS NEWSSTAND DemocratandChronicle.com Home sales are on the rise nationally and in Roch- ester, with consumers jumping at low interest rates and the government’s first-time home-buyer tax credit. The National Associ- ation of Realtors said Mon- day that sales of existing homes grew 5 percent to an annual rate of 4.72 million units last month, from 4.49 million in January. It was the largest monthly sales jump since July 2003, with first-time buyers accounting for about half of all transac- tions. Sales had been ex- pected to dip to an annual pace of 4.45 million units, according to Thomson Reuters. The results, which came after a steep decline in January, mean that sales activity has returned to De- cember’s levels but still re- mains lower than most of last year. Although first-quarter home sales figures for the Rochester area won’t be re- leased until mid-April, business has been up sig- nificantly in March, said Armand D’Alfonso, presi- dent of Nothnagle Realtors, which has 24 offices locally. He said he has seen more traffic at open houses and more purchase offers, and that Nothnagle’s Pittsford and Greece offices have been particularly busy. Real estate sales in Roch- ester slowed last year, with sales down 13 percent for 2008. But the median home price remained flat at $117,000, according to the Greater Rochester Associ- ation of Realtors. ECONOMY IN CRISIS Home sales ascending Home sales rise Existing home sales increased an unexpected 5 percent in February, the largest jump since July 2003. 4.49 SOURCE: National Association of Realtors Seasonally adjusted KEVIN M. SMITH graphics editor 4.50 4.75 5.00 5.25 million homes sold U.S. home sales 4.72 FM M A J J ASOND J F 4.49 Buying here is up as U.S. sees largest monthly rise since July ’03. MARY CHAO STAFF WRITER HOUSING, PAGE 4A Maria Rivera had some hint that she was in danger. After dating Jermaine Canty for about two years, Rivera sent her sisters an e- mail with his description, his license plate number, and his grandmother’s ad- dress. Rivera wanted them to know how to find Canty in case something hap- pened to her. Exactly a year after that e-mail was sent, Rivera, 35, was shot and killed inside her Rochester house at 16 Cliffmor St. about 4:45 a.m. Feb. 2. But the information she had left her family was useless — Canty, 36, turned the gun on himself after shooting Rivera at least twice. The murder-suicide shocked the community, but it didn’t surprise Ri- vera’s son and four sisters, who all knew Canty. Rivera is the only victim of domestic homicide so far this year. Last year there were six homicides in the city that were classified as domestic, in which an intimate partner or relative was suspected of having killed the victim. Such inci- dents accounted for 14 per- cent of homicides in Roch- ester last year, compared with 12 percent in 2007. In New York state, Foreboding preceded domestic homicide The family of Maria Rivera has spoken publicly about her life and death. They are, in front, sister Gabriela Rivera, son Andres Stewart and sister Lourdes Santiago. In back are sisters Margarita Perez, left, and Alma Vazquez. ANNETTE LEIN staff photographer Family recalls life of woman slain last month Domestic homicides The number of domestic homi- cides in the city has remained steady in recent years, the crime now accounts for a larger percentage of total homicides. Domestic vs. total homicides Within the city SOURCE: Rochester Police Department KEVIN M. SMITH graphics editor Domestic homicides (Percent of total) Total homicides 5 (12%) 5 (12%) 3 (6%) 4 (8%) 6 (12%) 6 (14%) 43 54 52 50 44 2004 2005 2006 2007 2008 CLAUDIA VARGAS STAFF WRITER Maria Rivera and Jermaine Canty in a photo taken sev- eral years ago. Canty killed Rivera and himself Feb. 2. Provided photo VIOLENCE, PAGE 4A Date violence Teens need protection, 4A WASHINGTON — The Obama administration aimed squarely at the crisis clogging the nation’s credit system Monday with a plan to take over up to $1 trillion in sour mortgage securities with the help of private in- vestors. This time, Wall Street cheered. The announcement, closely stage-managed throughout the day, filled in crucial blanks in the ad- ministration’s financial res- cue package and formed what President Barack Obama called “one more critical element in our re- covery.” The coordinated effort by the Treasury Depart- ment, the Federal Reserve and the Federal Deposit In- surance Corp. relies on a Banking bailout plan a hit this time TOM RAUM THE ASSOCIATED PRESS More inside Cuomo: 15 AIG execs pay back bonuses, 3A Wall Street elated by plan’s details, 5B Fed plans bigger role for itself, 5B BANKS, PAGE 4A 497.48 ALBANY — Gov. David Paterson’s support among voters continues to fall, with only 14 percent of voters prepared to elect him in 2010, according to a poll released Monday. The Democratic gover- nor’s job-performance rat- ing is 19 percent positive and 78 percent negative, a Siena College poll found. And Paterson is viewed unfavorably by twice as many voters as those who view him favorably — 29 percent favorable and 58 percent unfavorable. Last month, a Siena poll showed Paterson with a favorability rating of 40 percent. Sixty-seven percent of voters said they would pre- fer “someone else” in 2010, when Paterson plans to seek a full term. Also troubling for Pater- son in the poll is that he would lose in a hypotheti- cal Democratic primary matchup against Attorney General Andrew Cuomo by nearly four-to-one. “Governor Paterson is standing up and making the hard choices” on the state budget, said Paterson spokesman Errol Cock- field. “When you stand up for change and reform and when you fight to make government accountable to taxpayers, you get attacked by special interests.” The poll of 626 New York voters was conducted March 16-18 by telephone. It has a margin of error of 3.9 percentage points. [email protected] New Yorkers sour on Paterson, poll shows ALBANY BUREAU Gov. David Paterson Only 14 percent of voters say they would elect him in 2010. SPENCERPORT BOWL TOUGH STRIKE Venue struggles against larger ‘family Entertainment’ centers | IN BUSINESS User: jbrumbau/Time: 03-24-2009 00:22/Color: C: Used M: Used Y: Used K: Used/Prod: Democrat_and_Chronicle/Pub: 03-24-2009/Ed: Metro/ A 1

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Page 1: Homesalesrise Homesales ECONOMY INascendingCRISISimages.kw.com/docs/1/8/6/186243/1237901457794_home_sales...plan’s details, 5B Fed plans bigger role for itself, 5B BANKS,PAGE 4A

AGRICULTURE PROGRAMS IN LIVING

C M Y K DCTU0324/A/01

DCTU0324/A/01Cyan Magenta Yellow Black

*DCTU0324/A/1/CMYK/1/4*

M

Copyright 2009Gannett Rochester Newspapers

Four Sections◆ ◆ ◆

A B C

INSIDETODAY

SPORTSKIDS AT PLAY!ROCK CLIMBING

HAS MULTIPLE BENEFITS

TURN TO PAGE 4D

BUSINESSLOCAL CAMPAIGN TO IMPROVEFINANCIAL LITERACY UNVEILED

TURN TO PAGE 5B

LIVINGHOLLY HOWELL

AN ALLEGORICAL LOOK AT THEWINE SALES CONTROVERSY

TURN TO PAGE 1C

LOCALTAPPERS GROUP PROVES YOUCAN BE ACTIVE INTO 80S, 90S

TURN TO PAGE 1B

SPORTSBILLS TO OPEN SEASON

AGAINST PATS; OFF-SEASONCONDITIONING STARTS

TURN TO PAGE 1D

ALSO INSIDE

CROSSWORD | 2A, 4CEDITORIALS | 5A

DEATHS | 2BTV, MOVIES | 5CCLASSIFIED | 10CCOMICS | 4C, 5C

SUNNY, NOT AS COLD

44° 26°Expanded Weather 6D

Local weatheron your cellphone

Text ROCWEATHER to 44636

powered by

TUESDAY, MARCH 24, 2009 75 CENTS NEWSSTANDDemocratandChronicle.com

Home sales are on therise nationally and in Roch-ester, with consumersjumping at low interestrates and the government’sfirst-time home-buyer taxcredit.

The National Associ-ation of Realtors said Mon-day that sales of existinghomes grew 5 percent to anannual rate of 4.72 millionunits last month, from 4.49million in January.

It was the largestmonthly sales jump since

July 2003, with first-timebuyers accounting forabout half of all transac-tions. Sales had been ex-pected to dip to an annualpace of 4.45 million units,according to ThomsonReuters. The results, whichcame after a steep declinein January, mean that salesactivity has returned to De-cember’s levels but still re-mains lower than most of

last year.Although first-quarter

home sales figures for theRochester area won’t be re-leased until mid-April,business has been up sig-nificantly in March, saidArmand D’Alfonso, presi-dent of Nothnagle Realtors,which has 24 offices locally.He said he has seen moretraffic at open houses andmore purchase offers, and

that Nothnagle’s Pittsfordand Greece offices havebeen particularly busy.

Real estate sales in Roch-ester slowed last year, withsales down 13 percent for2008. But the median homeprice remained flat at$117,000, according to theGreater Rochester Associ-ation of Realtors.

ECONOMY IN CRISIS

Home sales ascendingHome sales riseExisting home salesincreased an unexpected5 percent in February, thelargest jump since July 2003.

4.49

SOURCE: National Association of Realtors

Seasonally adjusted

KEVIN M. SMITH graphics editor

4.50

4.75

5.00

5.25 million homes sold

U.S. home sales

4.72

F M MA J J A S O N D J F

4.49

■ Buying here is up as U.S. seeslargest monthly rise since July ’03.MARY CHAOSTAFF WRITER

HOUSING, PAGE 4A

Maria Rivera had somehint that she was in danger.

After dating JermaineCanty for about two years,Rivera sent her sisters an e-mail with his description,his license plate number,and his grandmother’s ad-dress. Rivera wanted themto know how to find Cantyin case something hap-pened to her.

Exactly a year after thate-mail was sent, Rivera, 35,was shot and killed insideher Rochester house at 16Cliffmor St. about 4:45 a.m.Feb. 2. But the informationshe had left her family wasuseless — Canty, 36, turnedthe gun on himself aftershooting Rivera at leasttwice.

The murder-suicideshocked the community,but it didn’t surprise Ri-vera’s son and four sisters,who all knew Canty.

Rivera is the only victimof domestic homicide sofar this year. Last yearthere were six homicides inthe city that were classifiedas domestic, in which anintimate partner or relativewas suspected of havingkilled the victim. Such inci-dents accounted for 14 per-

cent of homicides in Roch-ester last year, comparedwith 12 percent in 2007.

In New York state,

Foreboding precededdomestic homicide

The family of Maria Rivera has spoken publicly about her life and death. They are, in front, sister Gabriela Rivera,son Andres Stewart and sister Lourdes Santiago. In back are sisters Margarita Perez, left, and Alma Vazquez.

ANNETTE LEIN staff photographer

Family recalls life of woman slain last monthDomestic homicidesThe number of domestic homi-cides in the city has remainedsteady in recent years, thecrime now accounts for a largerpercentage of total homicides.

Domestic vs. total homicidesWithin the city

SOURCE: Rochester Police Department

KEVIN M. SMITH graphics editor

Domestic homicides(Percent of total)

Total homicides

5 (12%)5 (12%)

3 (6%)

4 (8%)

6 (12%)

6 (14%)

43

54

52

50

44

2004

2005

2006

2007

2008

CLAUDIA VARGASSTAFF WRITER

Maria Rivera and Jermaine Canty in a photo taken sev-eral years ago. Canty killed Rivera and himself Feb. 2.

Provided photo

VIOLENCE, PAGE 4A

Date violence Teensneed protection, 4A

WASHINGTON — TheObama administrationaimed squarely at the crisisclogging the nation’s creditsystem Monday with a planto take over up to $1 trillionin sour mortgage securitieswith the help of private in-vestors. This time, WallStreet cheered.

The announcement,closely stage-managedthroughout the day, filled incrucial blanks in the ad-ministration’s financial res-cue package and formedwhat President BarackObama called “one morecritical element in our re-covery.”

The coordinated effortby the Treasury Depart-ment, the Federal Reserveand the Federal Deposit In-surance Corp. relies on a

Bankingbailoutplan a hitthis timeTOM RAUMTHE ASSOCIATED PRESS

More inside

↑■ Cuomo: 15 AIG execspay back bonuses, 3A

■ Wall Street elated byplan’s details, 5B

■ Fed plans bigger rolefor itself, 5B

BANKS, PAGE 4A

497.48

ALBANY — Gov. DavidPaterson’s support amongvoters continues to fall,with only 14 percent ofvoters prepared to electhim in 2010, according to apoll released Monday.

The Democratic gover-nor’s job-performance rat-ing is 19 percent positiveand 78 percent negative, aSiena College poll found.

And Paterson is viewedunfavorably by twice asmany voters as those whoview him favorably — 29percent favorable and 58percent unfavorable. Lastmonth, a Siena poll showedPaterson with a favorabilityrating of 40 percent.

Sixty-seven percent ofvoters said they would pre-fer “someone else” in 2010,when Paterson plans toseek a full term.

Also troubling for Pater-son in the poll is that hewould lose in a hypotheti-

cal Democratic primarymatchup against AttorneyGeneral Andrew Cuomo bynearly four-to-one.

“Governor Paterson isstanding up and makingthe hard choices” on thestate budget, said Patersonspokesman Errol Cock-field. “When you stand upfor change and reform andwhen you fight to makegovernment accountable totaxpayers, you get attackedby special interests.”

The poll of 626 NewYork voters was conductedMarch 16-18 by telephone.It has a margin of error of3.9 percentage points. ❑

[email protected]

New Yorkers sour onPaterson, poll showsALBANY BUREAU Gov. David

PatersonOnly 14percent ofvoters saythey wouldelect himin 2010.

SPENCERPORT BOWL

TOUGH STRIKEVenue struggles against larger ‘familyEntertainment’ centers | IN BUSINESS

User: jbrumbau/Time: 03-24-2009 00:22/Color: C: Used M: Used Y: Used K: Used/Prod: Democrat_and_Chronicle/Pub: 03-24-2009/Ed: Metro/ A 1

Page 2: Homesalesrise Homesales ECONOMY INascendingCRISISimages.kw.com/docs/1/8/6/186243/1237901457794_home_sales...plan’s details, 5B Fed plans bigger role for itself, 5B BANKS,PAGE 4A

17 percent of all homicides wereclassified as domestic, accordingto the New York state Divisionof Criminal Justice. Out of thetotal 135 domestic homicides, 53percent of those victims werekilled by an intimate partner.

The number of domestichomicides has not been on anynoticeable upward trend in NewYork state, said Amy Barasch,executive director of the NewYork state Office for the Preven-tion of Domestic Violence. Thepublic’s perception of domesticviolence as a whole is changingand more people are talkingabout such incidents, Baraschsaid.

So why do people kill theirloved ones? Experts say it is of-ten a control issue and the per-ception of loss.

“He might reach a point inwhich he realizes he might loseher,” said Terri Weaver, associ-ate professor of psychology atSaint Louis University. “There’sthis thought that ‘If I can’t haveher, no one should have her.’ ”

Standoff beginsAndres Stewart, 19, was sound

asleep when his cell phone rangabout 4 a.m. Feb. 2.

His mother, Rivera, was in thebedroom upstairs and wanted toknow if Stewart was at the frontdoor. She was listening to some-one struggling with a key tryingto get in.

“I went and grabbed my BBgun,” Stewart said. Then hewent downstairs to check on thenoise but the door had alreadybeen opened.

Canty, who had a copy of Ri-vera’s house key, had let himselfin and was in Rivera’s room inthe attic.

Maria Rivera’s sister, Gaby Ri-vera, was living at the CliffmorStreet house with her toddlerand 13-year-old daughter andalso was awakened by the noiseat the front door.

Gaby Rivera and Stewart wentupstairs to the attic, where theycould hear arguing, and theyknocked on the door.

They heard Canty say that Ri-vera had been lying to him aboutsomething. Stewart said heopened the door slightly andpeeked inside — to this day hecan picture the scene.

“He is holding the gun to the

side looking at her.” Stewartmimics Canty’s expressionlessface with his head tilted to theside. “She is holding it away andyells at me to go downstairs.”

At that point, Stewart rusheddownstairs and called police.

Gaby Rivera put her kids inthe car and was waiting forStewart to come outside whenfour police cars arrived.

Rivera’s family told police thatCanty was inside with a shotgunbut Stewart said officers couldnot “get a visual” of Rivera orCanty and therefore could notgo in the house. The area sur-rounding Cliffmor Street wasblocked off and several units ofthe Rochester Police Depart-ment were on Cliffmor Streetduring the four-hour standoff.

About 5:30 a.m., Stewart andGaby Rivera heard two shotsfired.

“I freaked out, I was like ‘Ohmy God, he shot my mom,’ ”Stewart said. Police were thenable to take Rivera out of thehouse. “They pulled her out in astretcher and put her in an am-bulance but the ambulance didnot move. I thought ‘Oh, maybeit’s not that bad.’”

Inside the house, police foundCanty dead with a self-inflictedgunshot wound to the upperbody and the shotgun near him.

Stewart and Gaby Rivera werequickly escorted to police head-quarters to be questioned andjust after 9 a.m. they found outRivera and Canty were dead.

More than 600 people at-tended Maria Rivera’s funeralfour days later and only one rowwas taken up by her family, theysaid. Friends of Rivera could notbelieve that the woman with“the gorgeous smile” who lovedto dance to Merengue and Ba-chata was gone.

Maria Rivera’s family is wait-ing for the spring to bury her. Inthe meantime, her ashes are inthe living room of her sisterMargarita Perez.

Abusive relationshipRivera’s family said she had

been trying to end her relation-ship with Canty for some timeand while most of her relativessupported that decision, it wasnot easy for Rivera.

“It was a complicated situa-tion … the two had met in mid-dle school,” Gaby Rivera said.They would run into each othernow and then. About three yearsago, they started formally datingbut it quickly turned into an “on-

and-off” relationship.Maria Rivera was born in

Mexico but her parents movedto Rochester when she was 8months old. She and her siblingsgrew up off Joseph Avenue andshe attended School 3, whereshe first met Canty. She went onto graduate from Edison Techni-cal High School. Soon after highschool, she married then boy-friend and the father of her son,Andres Stewart, but the coupledivorced six years later.

Since then, Maria Rivera had afew boyfriends, none of whomStewart particularly liked, hesaid. However, once Cantystarted dating Rivera, Stewartgot a really bad feeling. He saidthe way he would look at hermade him uncomfortable.

“Knowing that this dude iskind of creepy and has a gun, shewas scared to break it off,” saidStewart.

Pat Huntington-Sigel, chair-woman of the Monroe CountyDomestic Violence Consortium,said that often women arescared to report an abusive rela-tionship to police.

Though Rivera’s family is notaware that Canty ever physicallyhurt Rivera, Gaby Riverasaid “itwas more mental abuse.”

“He would say ‘I help you witheverything,’ ” Gaby Rivera re-called Canty telling her sisterwhen she would try to break upwith him. She added that in thelast year, Maria Rivera toleratedthe on-and-off relationship withCanty because he would fix hercar or pay for it to be fixed.

“Out of necessity, last year shejust hung out with him,” GabyRivera said, adding that financial

help is sometimes hard to turndown. “A lot of times us womensee it as an easy way out.”

Rivera was a single motherwho was working as a secretaryin the presurgical screening de-partment at Highland Hospital.

Weaver said that although inmost domestic abuse cases thewoman is seen as being depend-ent on the man, it is usually theother way around.

“It’s actually the men that arevery dependent on the relation-ship,” Weaver said, citing thatmost men who are batterersdon’t like being alone.

Rochester police Sgt. MarkFreese said the majority of do-mestic homicide victims haveusually been stalked for about ayear.

Rivera’s family said Cantywould show up unexpectedly atsocial gatherings. And Stewartsaid for the last year, Cantywould be at the Cliffmor houseevery day.

“Many people say ‘well whydoesn’t she just leave?’ Well it’snot that easy,” Freese said.

However, victims have a lot ofresources to turn to, includingthe recently signed law thatgives victims easier access to or-ders of protection from FamilyCourt. The Fair Access to FamilyCourt Act, signed by Gov. DavidPaterson last year, allows vic-tims to get an order of protec-tion against almost any personwho is domestically abusingthem — an intimate partner whodoesn’t live with the victim,someone of the same sex, and ateenage partner, all of whomwere excluded from the previ-ous law.

“They don’t need to be in thisalone,” said Huntington-Sigelwho works in the crime victimprevention unit of the RochesterPolice Department.

Gaby Rivera said her sisterwould sometimes not tell herabout problems she was havingwith Canty out of embarrass-ment.

“She wanted to be independ-ent and tough and not let guysrun her life,” she said. Gaby Ri-vera said even during her lastmoments, Maria Rivera thoughtshe could handle the problemherself. When Canty went insideher room with the gun, she toldher son and Gaby Rivera thatshe was fine but to call policejust in case.

“She was a very strong personand in the end it was probablyher biggest weakness,” shesaid. ❑

[email protected]

ViolenceFROM PAGE 1A

The ashes of Maria Rivera are kept at the home of her sister,Margarita Perez, and will be interred in the spring.

ANNETTE LEIN staff photographer

For help■ Victims of abusive relation-

ships are entitled to file a do-mestic incident report, whichhas a variety of behaviors oractions that can be checked off,from slamming a door to stalk-ing and making verbal threats.Filing a domestic incident reportis a good way to keep a “papertrail,” advocates say. Even ifthere are no grounds for anarrest, at least police and thevictim have some kind of recordthat there is an issue with thepartner.

■ Keeping some kind of per-sonal documentation, such as acalendar on which the womancan record when and what herintimate partner did to her, isalso recommended. However,officials say to keep the docu-mentation in a safe place wherethe man can’t find it.

■ Contact a domestic abuseadvocacy agency such as Al-ternatives for Battered Women,who have a 24-hour hotline,(585) 232-7353.

■ Develop a Safety Plan, suchas the one listed on the MonroeCounty Domestic Violence Con-sortium’s Web site, www.rmcdvc.org/SafetyPlan.htm.

DEMOCRATANDCHRONICLE.COMcomment

Does more need to be done toprotect victims of domesticviolence? Click on this article todiscuss.

Highlights of toxic assets planThe Obama administration’s plan to finance purchases of as much

as $1 trillion in toxic assets from banks will include programs sup-ported by the Treasury Department’s bailout fund, the Federal Re-serve and the Federal Deposit Insurance Corp. Here is a look at howthey will operate.

■ Public-Private Investment Program: The umbrella organizationwill support the effort to entice private investors to join with thegovernment to purchase troubled assets.

■ Federal Deposit Insurance Corp.: The agency that insures de-posits at the nation’s banks will operate auctions of troubled mort-gage loans and then provide financing to the winning bidders. TheFDIC would also share the risks if the mortgages fell further invalue.

■ Term Asset-Backed Securities Loan Facility: A Federal Reserve-operated loan facility will receive $200 billion from the govern-ment’s $700 billion bailout program. That money will enable theFed to support as much as $1 trillion in loans to investors who wantto buy securities backed by various types of consumer loans in aneffort to make auto loans, credit card debt and student loans moreavailable. The TALF will be expanded to allow the Fed to provideloans to investors buying securities backed by residential and com-mercial mortgages.

— The Associated Press

4A TUESDAY, MARCH 24, 2009 DemocratandChronicle.com ■ DEMOCRAT AND CHRONICLE

soak up bad assets, but there wasno fixing the system withoutrisk.

Other options, such as havingthe government purchase the se-curities outright or letting themlanguish on bank balance sheets,would pose even greater vulner-abilities, he said, and it was im-portant to find the right blend ofrisk versus reward.

“I am very confident thisscheme dominates all the alter-natives for trying to find thatbalance,” he said.

The sentiment was echoed bycongressional Democrats, whosaid risk seemed inevitable with

mix of government and privatemoney — mostly from institu-tional investors such as hedgefunds — to help banks rid theirbalance sheets of real-estate-re-lated securities that are now ex-tremely difficult to value.

The goal, said Obama, is to getbanks lending again, so “familiescan get basic consumer loans,auto loans, student loans, (andso) that small businesses are

able to finance themselves, andwe can start getting this econo-my moving again.”

It was a huge gambit and onethat came like a tonic to WallStreet, which had panned an ear-lier outline of the program thatlacked detail.

Stocks soared, the Dow Jonesindustrial average shooting upnearly 500 points, thanks to thebank-assets plan and a reportshowing an unexpected jump inhome sales.

The introduction of the planwas closely choreographed sothat the president — rather than

Treasury Secretary TimothyGeithner — would be the firstadministration official to appearon camera at midday to discussit. Geithner met earlier in theday, before markets opened,with a group of reporters at theTreasury Department to go overspecifics. But cameras andbroadcast-quality audio re-corders were barred.

It was the reverse of what hap-pened Feb. 10. Then, after Oba-ma had helped raise expecta-tions toward Geithner and theplan, the treasury secretarywent before cameras and

bombed. The Dow plungedabout 300 points amid investorconfusion about details.

The fleshed-out plan is de-signed to help fix a value ondamaged mortgage loans andother toxic securities.

If the value of the securitiesgoes up, the private investorsand taxpayers would share inthe gains. If the values go down,the government and private in-vestors would incur losses.

“This will help banks clean uptheir balance sheets and make iteasier for them to raise capital,”Geithner said.

The plan will take $75 billionto $100 billion from the govern-ment’s existing $700 billionTroubled Asset Relief Program.The government will pair thiswith private investments andloans from the FDIC and the Fedto generate $500 billion in pur-chasing power.

Geithner said purchases even-tually could grow to $1 trillion —roughly half of the estimated $2trillion of toxic assets on bankbooks now.

The treasury secretary is dueto testify today before the HouseFinancial Services Committee.

Under a typical transaction,for every $100 in soured mort-gages being purchased frombanks, the private sector wouldput up $7 and that would bematched by $7 from the govern-ment. The remaining $86 wouldbe covered by a governmentloan.

Geithner said taxpayers stillcould lose money on the deal to

any plan big enough to work.But House Republican Whip

Eric Cantor of Virginia calledObama’s plan a “shell game” thathid the true cost.

He said he hoped the adminis-tration would consider insteadan earlier Republican proposalto set up a government-spon-sored insurance program formortgage-related securities.

The administration plan“seems to offer little incentivefor private investors to partici-pate unless the subsidy is madeso rich that it comes at the ex-pense of the taxpayer,” Cantorsaid in a statement. ❑

BanksFROM PAGE 1A

“The key to Rochester is(that) the median sale price hasnot fluctuated much,” said JohnAntetomaso, partner and Real-tor at ReMax Plus in Brighton.

Rochester has been insulatedfrom the real estate bubble thathas plagued other areas of thecountry, Antetomaso said, add-ing that buyers who have sub-mitted incredibly low offers inthis market have often been re-jected. The market for homesunder $150,000 is especially ac-tive, he said.

Nationally, the median salesprice plunged to $165,400, down15.5 percent from $195,800 a yearearlier. That was the second-largest drop on record, andprices are now off 28 percentfrom their peak in July 2006.

“Homes that are selling in thismarket are priced accordingly tothe market and in good condi-tion,” said D’Alfonso.

“Now is not the time to testthe market,” he said, adding thatoverpriced homes will languishon the market.

Homes priced at more than$350,000 in the Rochester mar-ket are taking a little longer tosell, said Michael Haymes, presi-dent of ReMax Realty Group inPittsford.

The affordability of homeshas been a key factor in the risein sales nationally, as first-timebuyers took advantage of deepdiscounts on foreclosures andother distressed properties.

Many buyers and sellers weresitting on the housing market’ssidelines late last year, Haymessaid. “Everyone was waiting forthe stock market to bottom out.”

The stock market shot upMonday on news of the higherhome sales and the govern-ment’s proposed bank bailoutplan.

The national home sales fig-ures don’t yet reflect the new$8,000 tax credit designed to en-tice even more first-time buyersinto the market. That shouldjuice up early summer sales, buthow much will depend on theoverall condition of the U.S.economy.

“We’re seeing a lot of first-time home-buyer activity,” saidChuck Hilbert, president of theGreater Rochester Associationof Realtors.

But inventory is down com-pared with last year.

“We need listings right now,”Hilbert said. “What people don’trealize is this is also a greatsellers’ market.” ❑

[email protected]

Includes reporting by TheAssociated Press.

HousingFROM PAGE 1A

Online ExtraDEMOCRATANDCHRONICLE.COM

Does this rise in home salessignal a rebound of the econo-my? Click on this article to dis-cuss.

To find a database of local realestate transactions — ad-dresses, buyers, sellers andprices — in Monroe County, goto DemocratandChronicle.com.Look for “COMMUNITIES” in theblue bar, pick a town and clickon the green Real Estate icon.

DEMOCRATANDCHRONICLE.COMcomment

NEW YORK — Only a fewstates have responded to teendating violence with laws en-abling the youthful victims toobtain protection orders onequal terms with adults, an ad-vocacy group says in a new na-tional survey.

The report on state laws byBreak the Cycle, a teen-violenceprevention organization that hasworked with the Justice Depart-ment, gave A grades to only fivestates. Twelve states got D’s and11 failed. New York, 12 otherstates and the District of Colum-bia received C’s.

Grades were based on variouscomparisons between the legaltreatment of adult victims of do-mestic violence and teen vic-tims of dating violence. Failurewas automatic for states whereprotective orders are unavail-able for minors, or where datingrelationships are not explicitlyrecognized as valid for obtainingsuch orders.

“It is essential that dating vio-lence and the needs of minorvictims be specifically ad-dressed within state domesticviolence statutes,” said MarjorieGilberg, executive director ofBreak the Cycle. “Lawmakershave a responsibility … to pro-

pose legislation that will ensurethe protection of all victims ofdomestic violence — regardlessof their age.”

National surveys have esti-mated that one in three youthsexperiences dating abuse atsome point during teenage years— incidents ranging from a slapon the cheek to homicide. De-spite the high rate of abuse,Break the Cycle and other advo-cacy groups say too many statesdo not treat dating violence withappropriate seriousness.

“Some states feel that if theyhave good child abuse laws, mi-nors are protected,” Gilbergsaid.

Break the Cycle contends thatall young people older than 12should have the right to petitionfor protection on their own be-

half and that domestic violenceprotection orders should beavailable even against abuserswho are minors.

The new report gives stateslower grades if their laws blockminors from seeking protectiveorders on their own, without pa-rental involvement.

Sheryl Cates, CEO of the Na-tional Teen Dating Abuse Help-line, said parental involvementis a challenging issue.

“If you’re a parent, you wantto know if your child is in dan-ger, but on other hand, teenswant the anonymity, to not haveto tell their parents,” she said.“It’s very complicated, trying tofind a balance between a vic-tim’s rights and parents’ right toknow.”

Kristina Korobov, an attorney

with National Center for theProsecution of Violence AgainstWomen, said it’s sometimes cru-cial for teens to be able to seekprotective orders on their own.They may have strained rela-tions with their parents or comefrom a home where domesticviolence already is occurring.

Korobov, a former prosecutor,said it’s important in such in-stances for courts to provide anattorney or other expert toguide the youth through the le-gal process.

The report commended NewHampshire as the only statewhere the law specifically al-lows minors of any age to go tocourt by themselves to request aprotection order. It received anA along with California, Illinois,Minnesota and Oklahoma. ❑

States called remiss in protecting teens■ Advocacy group says victims ofdating violence often lack recourse.DAVID CRARYTHE ASSOCIATED PRESS

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