Why Dubai matters: Sure, it will pay a hefty price for its debt woes, but the city-state's open economy has attracted legions of foreign investors and serves as a model for its Gulf neighbors (and more). Dubai, the brashest of the seven emirates, is facing something of a midlife crisis — but can the dream be reinvented? Daniel Gross on why the world is overreacting to the Dubai crisis. From The American, what Dubai can learn from Vegas: Sin City and the Sheikhs’ playground on the creek have many similarities, but the differences are worth considering and may indicate how each may weather the global economic peril; and a warning from the desert with more to come: Dubai is but one of many ticking economic time bombs likely to explode. Letter from Dubai: The glitzy, puffed-up peacock of the Middle East is imploding — don’t gloat. Chris Lehmann on how Dubai, $80 billion in debt, is sliding into the sea. The sand settles over the stand-alone facades that advertise Dubai’s formerly burgeoning suburban developments. Dubai's technologically and aesthetically dazzling metro has already upset this rich Emirate’s rigid social hierarchy. Why did Abu Dhabi bail out Dubai World? Though they are kinsmen, they also are rivals — in return for its $10 billion bailout, Abu Dhabi may seek more control over Dubai (and more). A review of Abu Dhabi: Oil and Beyond by Christopher Davidson.
