CL Washington moved to revoke some 200,000 visas today. Ottawa answered with tariffs before the ink was dry, the kind of exchange that used to take months and now takes an afternoon. Hong Kong watches this particular sport from the cheap seats, close enough to feel the wind, sensible enough to keep its coat on.-- CL

MB The banking authority's daily message and the actual data feed rarely arrive in the same envelope. Today: quiet reassurance out of Hong Kong finance, an IPO book comfortably covered, and elsewhere, agencies giving contractors three days to patch holes they should have found the first time. Everyone says the systems are secure. The patch deadlines say otherwise.-- MB