1. Late Payments on Mortgages Hit a Three-Year Low
of 5.5% in Q2, Lowest Since Q1 2009. America's most economically successful state, North Dakota, leads the country with the lowest mortgage delinquency rate in Q2 for any state, at only 1.3%.
2. If you tax something, you get less of it, French edition:
"Many companies are studying contingency plans
to move high-paid executives outside of France, according to
consultants, lawyers, accountants and real estate agents.
They say some executives and wealthy people have already packed up for
destinations like Britain, Belgium, Switzerland and the United States,
taking their taxable income with them. They
also know of companies — start-ups and multinationals alike — that are
delaying plans to invest in France or to move employees or new hires
3. U.S. cross-border truck trade with Mexico
rose by 17.1% in May year-over-year to an all-time record monthly high of $29.1 billion,
reflecting the steadlily increasing trade between the NAFTA members and
growing consumption by the Mexican middle class.
5. Chimera Energy Corporation of Houston, Texas
, has announced that it is licensing a new water-less method for extracting oil and gas from shale fields
exothermic reactions instead of water to fracture shale.
6. Justice Department hits Gibson Guitar
with a $300,000 fine over fingerboards.