ECONOMIC INDICATOR: New-home sales hit 2nd-highest level in history

Mark my words: this will end badly. Here in the Bay Area, I don't know anybody who has purchased a home that is even remotely within their means in the past year or so.

Sales of new homes in May climbed to the second-highest level in history, but the median sales price fell sharply, the government reported Friday.

Link: BRIEFS.(Business)

It shouldn't be much longer before the NBA is all alone, foolishly counting down the days to its own lockout

This article is critical of the players because they don't trust the owners. You've got to be kidding me! The owners have been raking it in for years. This reminds me of the old song:
I don't want your millions Mister
I don't want your diamond ring
All I want is the right to live Mister
Give me back my job again
But these guys are walking out, which is the opposite. Or something.

That's not to say every owner is raking it in, but the current business model has been ...

Link: Fort Worth Star-Telegram, Texas, business insider column.