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

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