Business/Economic News for July 13, 2010

Homeowners vs. Home-Loan Buyers

Treat reckless corporate behavior like DUI

The New Economy: Death By Savings

Dynasty Trusts Game No Taxed Pass Downs For The Rich: America Builds An Aristocracy

The Disappearing Intellectual in the Age of Economic Darwinism

James Howard Kunstler: "Where Have We Been? Where Are We Going?"

Charles Hugh Smith - "Con Of The Decade, Part 2"

U.K. Stocks Extend Drop After U.S. Housing Data Trails Forecast



Copper falls to lowest price in a week as US Housing starts lowest in a year

San Diego developers of giant condo project have yet to sell one of their 679 units, so they are renting them out, adding to San Diego's huge "Shadow Inventory"

Bush's Treasury Secretary, Henry "Golden Slacks" Paulson, Pays $24.5 Million For Aspen Mansion

The rich do it too – Los Angeles County and million dollar distressed properties. 1,947 homes in L.A. County valued at $1 million or more are three payments behind or in foreclosure. Beverly Hills prices down 31 percent from one year ago. 14 out 100 homes on the MLS are priced at $1 million and up

Disappearing Middle Class: 60 year old Florida Keys couple lose jobs and Islamorada home

Moody's expects debt levels for housing to stay at high levels for another 12 to 18 months, says foreclosures will not slow down any time soon

Revolving Door Sweetheart Deal: Ex-Senator Mel Martinez (R-FL) Named New Head Of Chase Bank's Florida Market

Hugh Hefner Wants To Buy Back Playboy And Take It Private

FDIC sues former Executives at Indymac's homebuilding loan division

Municipal broadband haters in NC dealt a blow

Take Two: US Issues Revised Offshore Drilling Band

Florida Keys Wake Up Call: Cuba Allows Spanish Company To Drill For Oil In Area Only 60 Miles Off Key West's Doorstep