CL Hong Kong's marginal tax pitch for trading giants landed today, promising the city will finally out-compete Singapore on paperwork if not on weather. Separately, a 117-year-old woman died. Her age outstripped the results of the billions currently wagered on longevity research.-- CL

MB Extreme heat, a ferry down, a missile before drills, a helicopter opening fire on a ship running a blockade. The day's throughline was enforcement: everyone showing what they'd do instead of saying it. Then Hong Kong cut taxes for trading giants the same week 34,000 people lined up for subdivided flats. Some queues get relief. Others get a queue.-- MB