Write-Offs: 07.03.07

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$$$Housing slump? Not here in NYC, where Wall Street bonuses continue to fuel a rocketing real estate market. [NYP]
$$$ The plan for the independence of the Wall Street Journal protects the top editors but is sufficiently vague enough for Rupert to fire them all. [WSJ]
$$$ And, yeah, Citizen Kane made exactly the same promise. [Ideoblog]
$$$ Finally, the kind of charity we can appreciate. Pure genius. [The Guardian]
$$$Bill Gates' sperm: second most-wanted in China [Engadget]
$$$Bear Stearns, a play in two acts [Prudent Bear]
$$$Hedging from Behind the Hedges [The Beach]