Thursday Stories: California On The Edge; Upping The Homebuyer Tax Credit; $300k For Parking

Stories I'm reading this Thursday:

• California nearing financial meltdown
• But is California too big to fail?
• Retail sales actually rose a bit last month
• People who bought homes in the last 5 years not only overpaid but now also will miss out on what could be a $15,000 tax credit
• But will it even matter with higher interest rates?
• Laffer says get ready for even higher rates and inflation
• Clorox raises its dividend
• The high cost of small car repairs
• Are you ready for the Facebook land grab?
• Would you pay $300,000 for a parking space?
• Worst .. weather .. ever