Protesters are in a defiant mood\u2014a hard core of them has smashed up Hong Kong\u2019s Legislative Council. But demonstrations aren\u2019t going to make the territory any more free. The state-owned investment vehicles known as sovereign-wealth funds are usually cautious; those of the Gulf region are proving much more adventurous and less transparent. And, a look at the future of New York\u2019s island of the dead