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:
As French President François Hollande vows to tax income above one million euros at 75%:
"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 here."
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.
4. Interesting interactive map from the EIA showing the energy infrastructure of the Gulf of Mexico.
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 that uses exothermic reactions instead of water to fracture shale.
6. Justice Department hits Gibson Guitar with a $300,000 fine over fingerboards.
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