Lipschitz spaces and M-ideals
  For a metric space $(K,d)$ the Banach space $\Lip(K)$ consists of all scalar-valued bounded Lipschitz functions on $K$ with the norm $\|f\|_{L}=\max(\|f\|_{\infty},L(f))$, where $L(f)$ is the Lipschitz constant of $f$. The closed subspace $\lip(K)$ of $\Lip(K)$ contains all elements of $\Lip(K)$ satisfying the $\lip$-condition $\lim_{0<d(x,y)\to 0}|f(x)-f(y)|/d(x,y)=0$. For $K=([0,1],| {\cdot} |^{\alpha})$, $0<\alpha<1$, we prove that $\lip(K)$ is a proper $M$-ideal in a certain subspace of $\Lip(K)$ containing a copy of $\ell^{\infty}$. 
Heiko Berninger, Dirk Werner