US Economy

• The Remarkable Rise of the Price of Land in America’s Heartland Valeo Financial Advisors
• Jobless claims rose by 5,000 but the four-week average is at its lowest level since before the Recession Wall Street Journal
• US service companies improved on June’s expansion growing from 52.2% in June to 56.0% in July MarketWatch

 Around the Globe

• Europe Heads Toward Recovery The Wall Street Journal
• The International Energy Agency trimmed its forecast for global oil demand in 2014 Bloomberg Businessweek

 Personal Finance

• Blackrock breaks down what retirement actually means BlackRock
• Consumer borrowing increased by $13.8 billion equaling out to a 5.9 percent annual increase Washington Post