Grasping It

  • On the fifth anniversary of the war in Iraq, the Bush administration swears that things are finally looking up this year. [Washington Post]
  • How can subprime mortages take out a whole global financial system? Like so. [New York Times]
  • The weird jump in the Los Angeles homicide rate is not due to racial strife. So what is it? [Los Angeles Times]
  • Two culprits behind the housing bust: government cheerleaders for home ownership, and regulators who refused to, uh, regulate anything. [Wall Street Journal]
  • Chuck Schumer, head of the Democratic Senatorial Campaign Committee, gets cocky as a 60-seat filibuster-proof majority looms tantalizingly within reach. [The Hill]
  • Science fiction writer Arthur C. Clarke is dead at 90. [Wall Street Journal]
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