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10 best cities to buy short sale homes

Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
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Mark Zuckerberg: Facebook status updated to 'married' (+video)

Facebook CEO Mark Zuckerberg married long-time girlfriend Priscilla Chan Saturday in a small, surprise wedding. Less than 100 guests arrived at Zuckerberg's home for what they would be a party to celebrate Chan's graduation from medical school. Zuckerberg did not wear a hoodie.
Arby's: Michigan boy bites into severed finger in his sandwich

Arby's apologizes for the accident in which part of a worker's finger was sliced off and served in a roast beef sandwich to a Michigan boy.
Jerry Brown proposes billions in cuts. Are Californians getting his message?

With California's budget shortfall soaring, Gov. Jerry Brown (D) proposes broad, painful cuts for state workers and programs. Without new taxes, he warns voters, the cuts will be even worse.
Tech stocks CEO summit: Can it solve Apple, Samsung patent dispute? (+video)

Tech stocks giants ordered to have CEOs try to settle their bitter patent dispute. Like several tech stocks, Apple and Samsung are dueling over patents for mobile devices.
10 best cities to buy short sale homes

Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
Bankruptcy jitters in Stockton. Will other cities fail?

Bankruptcy of Stockton, Calif., looms large as city enters talks with creditors. But most other troubled California municipalities are taking drastic steps to avoid bankruptcy.
The Reformed Broker
Private stock markets? Not so fast.

"Private" stock markets, a trading trend primarily among venture capitalists based on the West coast, may soon be coming to an end.
Yahoo sues Facebook over patent infringement, Facebook calls it 'puzzling'

Yahoo Inc. said in a court filing Monday that Facebook has infringed 10 of its patents covering advertising, privacy controls and social networking.
Yahoo sues Facebook as legal war escalates

Yahoo sued Facebook on Monday, the first major legal battle among technology giants in social media. But patent skirmishes are common in the tech industry. Is Yahoo simply firing the opening shots for a new battlefield?
Kidnapped US aid contractor reportedly held by militants in Pakistan

Some five months after Warren Weinstein was kidnapped, the US aid contractor is reported to be in the custody of a Pakistani Al Qaeda affiliate, McClatchy Newspapers reports.
Green energy: Silicon Valley leads a back-to-basics revolution

Green energy has long aimed to overthrow fossil fuel's stranglehold on world power generation. But for now, Silicon Valley is taking green energy down a different path.
NHL realignment destined to fuel rivalries - and the fan base

When the Atlanta Thrashers became the Winnipeg Jets over the summer, the move precipitated the biggest NHL realignment in 15 years. The owners' vote Monday aims for a fan-friendly league that emphasizes hockey's old rivalries.
Horizons
Carrier IQ reps stress that software does not log every keystroke

Carrier IQ, the embattled tech company, said on Friday that it is aware of the "sensitive" nature of the data it collects. 
Green Economics
The dangers of doing business in the suburbs

Large companies like Microsoft, Google, and Facebook are choosing sprawling suburban office complexes over downtown headquarters. What is the environmental impact?
Tax the rich: Should millionaires really pay more?

The fight over raising levies on the wealthy, a theme of the 'Occupy Wall Street' protests, is about more than money. It's a clash over fundamental American values.
Boomerang: Travels in the New Third World

Michael Lewis touches down in the nations damaged by the 2008 financial meltdown and proves – yet again – that he can turn anything into compelling prose.
A year after joyous miner rescue, Chile struggles with conflict

After soaring to a 65 percent approval rating following the miner rescue, President Sebastian Piñera's rating is now at 30 percent as his country is riven by protests, riots, and other crises.
Tesla Model S California factory hosts electric car fans

Tesla Model S: People who preordered the electric vehicle got a chance to see it up close over the weekend. The company's CEO pleaded with fans to talk up the Tesla Model S.
Change Agent
John Danner shoots for the stars with Rocketship charter schools

Rocketship schools employ computers and coaches to help teach low-income kids, and see student performance rise dramatically.
Change Agent
Solar firm taps social-media expert to spur a 'rooftop revolution'

Patrick Crane was impressed by his solar roof. Now the former LinkedIn executive expects solar power to become a 'social phenomenon.'
Facebook 'Spam King' allegedly broke into a half million user accounts

Sanford Wallace, the so-called 'Spam King,' faces federal fraud charges for allegedly luring Facebook users to third-party websites that collected personal information for spam lists. He's already been convicted of compromising Facebook servers once before.
Latin America Monitor
Trapped Chilean miners to appear on the big screen

Many say the successful rescue of 'Los 33' after their 69-day plight is made for Hollywood, but Chileans are cautious about how their society will be portrayed.
Stir It Up!
Meatless Monday: Zucchini tomato goulash

This hearty goulash creates a lively side dish or vegetarian meal.
What to do for Social Media Day? Get connected!

June 30 marks the second annual Social Media Day. It is organized, naturally, via social media to celebrate the revolution in the way humanity communicates. Here's how to join in.
Letters to the Editor – Weekly Issue of June 27, 2011

Readers write on America's health-care reform fantasies and question the focus on elite vacations in a recent Monitor cover story.