The U.S. housing market appears to be finding its footing after a sharp rise in mortgage rates last summer, on top of some big price gains, deflated sales.
[Over at Equitable Growth:](http://equitablegrowth.org/2014/07/22/morning-really-must-read-nicholas-bagley-obamacare-halbig-mornings-decision-mean/) Nicholas Bagley: ObamaCare and Halbig: What Does This Morning's Decision Mean?: "In a major setback for the Affordable Care Act... Show More Summary
Nearly a third of the big companies in the S&P 500 index will announce their quarterly results this week
(July 22, 2014 12:46 PM, by David Henderson) We reach this conclusion, frankly, with reluctance. At least until states that wish to can set up Exchanges, our ruling will likely have significant consequences both for the millions of individuals receiving tax credits through federal Exchanges and for health... (0 COMMENTS)
Sales up 2.6 percent; first time sales have been above the 5 million-mark since October
The NAR reports: Existing-Home Sales Up in June, Unsold Inventory Shows Continued ProgressTotal existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, climbed 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June from an upwardly-revised 4.91 million in May. Show More Summary
Most of the retrospectives on Tony Blair, prompted by the 20th anniversary of his becoming Labour leader strike me as missing something. Whilst I agree with Stephen, James and John that Britain was better place when Blair left office than...
Politicians should make way for innovators.
Morning Money Memo: ABC News’ John Kapetaneas reports: McDonald’s and Coca-Cola both missed analysts estimates this quarter, with McDonald’s posting a 1 percent drop in profits while Coke saw a nearly 3 percent decline in revenues. The fast-food and soda maker stood in contrast with...
Workers and retirees in the Detroit voted to approve pension cuts. Also, Verizon wants to track every move to target ads that match location and interest. Jill Wagner reports on today's top MoneyWatch headlines.
Republicans are fed up with central bank independence
The Washington Post had an interesting piece reporting on how many young couples are putting off having children for economic reasons. At one point the piece told readers: "Births have slowed so sharply that researchers note that future economic growth could be stunted by a smaller labor pool. Show More Summary
My favorite is 1% milk with chocolate malt Ovaltine: A newly released report showing that higher temperatures cause cows to give less milk is uniting climate and animal rights activists to take immediate action to counteract the negative effects of bovine heat stress. “Cows are happy in parts of Northern...
From the Bureau of Labor Statistics (BLS): Consumer Price Index - June 2014The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Show More Summary
Adrian Florido: California's uninsured cut in half under Obamacare, survey finds | 89.3 KPCC: >The percentage of uninsured Californians has been cut in half since the federal health law began expanding coverage nine months ago, according to a new national survey. Show More Summary
Millennials get flack for postponing marriage, living with parents and shying away from homeownership. But maybe they're just responding rationally to their local housing markets.
From the archive: Bretton Woods: >On July 22nd 1944, finance experts who had spent the past three weeks gathered at a hotel in New Hampshire, produced two documents setting out their plan for the post-war monetary system. In response,...Show More Summary
Some doctors and dentists are encouraging patients to open up "zero-interest" medical credit cards, but the cards have costly "gotchas"