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Around the Business World With Interest: July 11, 2012

By David Rogers. July 11, 2012.  BLOWING ROCK -- Here are business-related stories and articles that caught our eye in recent days, and may not be in the mainstream media.  As a courtesy to our readers, we provide links.

JULY 11, 2012

From American Banker

State and local governments have started to use their power of eminent domain to "condemn" underwater mortgages (mortgages where the debt exceeds the value of the property).  

  • This article by Chicago attorney Brian J. Murray explains the practice, discusses the risks, and questions the practice's constitutionality.  Click HERE for the full story.
  • Similarly, this article by North Carolina Congressman Brad Miller, Dem., suggests the real losers may be the biggest banks and the holders of second liens.  Click HERE for the full story.

From Reuters

  • Apple and Samsung have been engaged in various patent disputes.  On Monday, the High Court in London ruled that Samsung's Galaxy tablets did not infringe on Apple Computer's designs for the iPad because they were "not as cool."   Click HERE for the full story.
  • Cell phone carriers have seen a sharp rise in requests from U.S. law enforcement agencies or customers' cell phone records. This raises privacy concerns, as well as adds a legal burden to mobile phone companies.  Click HERE for the full story

From Investment News

  • After falling for more than five years, house prices are rising again, even after adjusting for seasonal patterns. Click HERE for the full story.

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