There is no better illustration of the disconnect between our economy's winners and losers than the California real estate market. The winners are bidding up Silicon Valley home prices and resurrecting the house-flipping craze. The losers are just trying to hold their cities together under a wave of mortgage defaults. Is there a solution?

An appeals court ruled that Columbia University can't use eminent domain to grab property it wants for its expansion just by calling its neighborhood "blighted." The judges pointed out: Columbia is so freaking shady.