Thursday News: Bankrupt-sea

Christie Wilson/HonoluluAdvertiser: Judge lifts injunction on Hawaii Superferry

"The ruling by Maui Circuit Judge Joseph Cardoza wrapped up — for now at least — a 2 1/2-year legal challenge that nearly scuttled the $250 million enterprise and ignited a bitter public debate that exposed deep geographic, racial, cultural and political divisions within the state."
[Image + more @ Sierra Club Maui. More news below]

Shifting wealth is such an ugly business, but it does keep the rich off the streets at night:

Marcia Coyle/NLJ: Will Subprime Crisis Be Impetus for Bankruptcy Reform by Congress?
"There is the sense in Congress that something needs to be done and it's likely to be some form of legislative development in the consumer credit area broadly," Lawless said. "Whether that takes the form of an arbitration bill, a mortgage bill or the Bankruptcy Code, the only people who know right now are those who sit around the table in Washington." [Via Law.com]

Dorothy Korber/sacbee: Raises for UC execs on hold
"We caught them trying to sneak it through," said an incensed Leland Yee, a state senator who authored a new law requiring the UC governing board to discuss such business in public. It takes effect Jan. 1."

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did expose some bitter divides here in the islands ... the seamy side of paradise. :(

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If it's true that our species is alone in the universe, then I'd have to say that the universe aimed rather low and settled for very little. ~ George Carlin

are a bang up bunch, but I noted specifically that the Inside the Surge article by Jon Lee Anderson pretty much confirms what you (rba) were saying about four months ago about "The Awakening" of the Sunni warlords around Anbar and their decision to change their relationship with the Americans, using us to help them rid themselves of the Shia militias.