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"Fire Is... Beautiful": Suspect In Spokane Wildfire Confesses He Planned Arson For Weeks The suspect charged on Aug. 3 with starting the Old Trails fire in Spokane, Washington, that forced more than 60,000 people to evacuate told police he had planned the attack for weeks. The suspect, Aaron Farinacci, told police in an interview that “fire is powerful, beautiful, and that things that go through fire experience a kind of rebirth,” according to Spokane County Detective Michael Drapeau in a court filing Wednesday. Farinacci, 37, was scheduled to be arraigned on Thursday,...

US Existing Home Sales Unexpectedly Dropped In June, Just Off Record Lows After an ugly Spring selling season, existing home sales have rebounded in Q2 (so far) with expectations for another 1.0% MoM increase in June. However, that was not to be with US existing home sales tumbling 2.4% MoM in June (although May was revised up to a +3.7% MoM gain from +3.2%). That slowed the annual improvement in sales to +2.75% YoY... Overall, existing home sales SAAR remains just off record lows... “The back-and-forth in monthly home sales activity, driven by...

Why Businesses Haven't Left California - Yet Authored by Tom Wilson via the Mises Institute, California has a strange relationship with business. Its lawmakers seem determined to make doing business more expensive, yet companies continue to operate there. Taxes rise, regulations accumulate, and new compliance requirements are added, but California remains home to some of the most successful companies in the world. That raises a question more interesting than whether California is "business friendly." Why do businesses continue to stay - and how far can the state push them before they...