MID-DAY UPDATE: June new home sales rebound 24 percent …

…And they’re STILL at the second-lowest level on record. So there must be plenty of new houses on the market, right? Nope — fewest in 40 years. No one’s buying new homes, so no one’s building them.

20 years of the Americans with Disabilities Act.

Looks like BP’s CEO Tony Hayward will be replaced by an American. Heckuva job, Tony.

Ford begins a marketing campaign today for the 2011 Explorer. It’s built on a car platform, not a truck one, so it sits lower and gets better mileage. Do customers want an SUV that’s more car than truck?

German french fry shrinkage