Economics and Investing:

Life in free fall: Horrific Retail Sales In Greece

Illinois ends fiscal year $6.1 billion in red

The latest from Pepperdine University law professor Paul Caron’s blog: Hedge Fund Billionaire Who Gave $9.6 Million to Obama in 2012 Skirts Tax Law to Pay 15% Tax Rate

A Rise In Interest Rates Could Disrupt The Derivatives Market

Items from The Economatrix:

Fed’s Stein Hints at September Taper

Consumer Numbers Send Confusing Signal

Business Activity In US Cools More Than Forecast