The 10 Best Cities To Buy Bank-Owned Properties – Business Insider
(San Francisco didn’t make the list)
Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.
Understanding Greece’s default -Felix Salmon (video)
Only 54% Of Young Adults In America Have A Job – Zero Hedge
Her resume, with a degree in electrical engineering from Duke University and stints in senior positions at software companies, including a post in Paris, had once made her an exemplar of Silicon Valley success. A combination of personal troubles, long-term unemployment and bleak economic times had since turned her into an example of something else: the new suburban poor proliferating in nearly every American metropolitan area — even here, within miles of the shimmering campuses of Google, Apple and other wellsprings of unfathomable wealth.
Andrew Schiff said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.
“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”
(no, this is not The Onion)
Don’t Let Big Banks Hold Us Hostage – Michael Lewis