• Gubernatorial candidate Jay Inslee made a bold move when he suggested that the state’s Investments Board could put more pension fund money into Washington businesses. Now, Inslee’s backed off that a little.
• Remember suburban sprawl? Now, at least in apartment construction, almost all the region’s new development is in Seattle.
• Meanwhile in the suburbs, local small businesses are among the enterprises learning what they can do with abandoned big-box retail spaces.
• The now-shuttered Columbia City Cinema is a mess. The building, and the finances behind it.
• Nationally, Mark Sumner insists there is no federal fiscal crisis, only a trumped-up right wing power play.
• The group United for a Fair Economy has a chart of 11 different “Things the Wealthiest Americans Can Buy for the U.S. (that most families can’t afford for themselves!).” For instance, the nation’s richest 400 households could pay off the whole country’s credit card debts.
• The Rupert Murdoch phone-hacking scandal continues to obsess pundits everywhere. At The Observer (the Sunday-only sister paper to The Guardian, the left-leaning U.K. daily that broke much of the scandal’s details), Henry Porter claims that, at least in Brit domestic politics, “the door has shut on Murdoch.”
• And an unsigned piece in The Times of India sums up the standard operating procedure at Murdoch’s UK tabloids, even without their ickiest invasions of privacy, as “exploiting the pornography of sorrow.” A lot of U.S. media could be similarly accused.
• We close for today with Roger Ebert righteously snarking against rewritten “easy reading” versions of The Great Gatsby (possibly created for adult ESL classes):

There is no purpose in “reading” The Great Gatsby unless you actually read it. Fitzgerald’s novel is not about a story. It is about how the story is told. Its poetry, its message, its evocation of Gatsby’s lost American dream, is expressed in Fitzgerald’s style–in the precise words he chose to write what some consider the great American novel. Unless you have read them, you have not read the book at all. You have been imprisoned in an educational system that cheats and insults you by inflicting a barbaric dumbing-down process.