- 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]
DAILY BRIEFING








