There's worry here that the curse of Battersea Power Station, a much-loved London landmark whose future has been kicked around like an old mutt for at least the last five years, might be about to strike again. Currently it's in the joint ownership of the glamorous playboy son of an Irish pig trader Johnny Ronan, whose local reputation is currently in tatters after the "Rumble in Ranelagh" saga, involving Ronan's girlfriend, her knee and his groin. And this is a man who could profit from paying a little attention to his business dealings. Treasury Holdings (the property company he co-owns) is profoundly tied into Dublin's stormy property market, and has substantial interests in China. (It's the belief of the Rat and Mouse that China's property market is about to implode in a way that will make America's recent problems look mild.) We should all own Battersea Power Station. For some background, go here.

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