A popular phenomenon during the housing boom, flipping is when a house is bought and sold within a six-month period. Flippers are real estate investors who buy houses, fix them up quickly and then resell them, making money off the renovation. In parts of California, it's happening at some of the fastest rates in a decade.
At a recent open house in Glassell Park, a neighborhood in northeast Los Angeles, curious buyers and neighbors streamed into a green stucco house that had just come onto the market.
Howard Lincoln of White Mountain, Alaska, doesn't always hear it when people knock on his door. He's 82 and he still has a little shrapnel in his jaw from a mortar shell that nearly killed him in the Korean War 60 years ago.
"We heard it whistling, but I was the third one in line running toward the bunker," he recalls.
Wounds to his face, arm and hip laid him up in a Tokyo hospital for quite a while. But he recovered, came home to Alaska in 1955 and says he never applied for Veterans Administration (now the Department of Veterans Affairs) benefits.
In most states, the power to draw lines for political districts rests with legislators. In recent years, California voters have tried to make the process less political by taking it out of lawmakers' hands. But not everyone is happy with how things are turning out.
To understand redistricting in California, consider this: Over a 10-year period beginning in 2000, there were 255 congressional races, and only one seat — that's right, one seat — changed parties.
Frank Deford puts aside his gripes this week to pay tribute to the poem by Ernest Lawrence Thayer, first published in the San Francisco Examiner 125 years ago June 3.
The Outlook wasn't brilliant for the Mudville nine that day: The score stood four to two, with but one inning more to play. And then when Cooney died at first, and Barrows did the same, A sickly silence fell upon the patrons of the game.
Alan Krueger, the chairman of the President's Council of Economic Advisers, says he will step down to return to Princeton to resume his post as a professor of economics.
Krueger, who has served as CEA chairman for the past two years, will return to Princeton in time for the beginning of the fall term. The Associated Press quotes a source familiar with the situation as saying Jason Furman, who served in President Obama's 2008 campaign, will be tapped as a replacement.