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The invidious cowards who inhabit Washington are unwilling to restructure the largest banks and GSEs. The reluctance comes partly from what truths restructuring will reveal. As a result, these same large zombie banks and the U.S. economy will...

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New York Times

Squatters, who live on 28 stories, have created order within the skyscraper. Sentries with walkie-talkies guard entrances. Each inhabited floor has electricity, jury-rigged to the grid, and water is transported from the ground floor.

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China approved property tax trials on some homes in Shanghai and Chongqing, adding to measures announced earlier this week in its campaign to curb real-estate speculation and asset bubbles. Both cities will begin trials for the levy today, following