NEW APPROACH: After Iceland rejected a Chinese real estate company's proposal to buy about 120 square miles of land for a resort, the developer now plans to rent the tract.
SAME PLAN: The Zhongkun Group still wants to build hotels, parks and racetracks on the parcel, just with a 99-year lease on the land underneath. The government cited restrictions on foreigners owning land when it barred Zhongkun's original plan.
UPSIDE FOR ICELAND: Some view the project as a lifeline for Iceland's struggling economy as it struggles to overcome the collapse of its banking industry in 2008.
Former Speaker Dennis Hastert Indicted For Lying To The FBI, Evading Currency Transaction Reports | Matt Vespa
Fifteen Dollars an Hour for Thee, but Not for Me: California Unions Request Exemption from New Wage Law | Christine Rousselle