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International growth markets offer another fresh source of cash. New sponsors in Asia and the Middle East poured close to $60 million into the sport this year; plans to introduce Grand Prix in Abu Dhabi, South Korea and India over the next three years will boost interest further. Lewis Hamilton surely counts on racing around those circuits. If costs come down enough, Fisichella will hopefully be right beside...
...where projects worth some $180 billion were announced. Yet Dubai is vulnerable. As the gulf's business, transportation and tourism hub, it is more entwined with the global economy than many of its neighbors. And Dubai never enjoyed the profits from oil and natural gas that enabled sister emirate Abu Dhabi to amass a vast financial cushion...
...dubbed Dubai Inc.--that are directly or indirectly owned and controlled by the government. Some argue that Dubai's authorities could thus avert a bubble burst by keeping finished projects off-line until conditions improve. Also, in the event of a systemic threat, Dubai can probably rely on superrich Abu Dhabi for a bailout...
...Still, it could have been worse. After eight ugly years of AIG, WMDs, Abu Ghraib, Enron, Blackwater, freedom fries, yellowcake, record deficits, Fannie and Freddie and Brownie, Mark Foley and Duke Cunningham and Tom DeLay, the Republican Party should qualify for a bailout. Retiring GOP Congressman Tom Davis memorably declared that if Republicans were a dog food, they'd be pulled off the shelves. Their usually well-funded candidates were badly outspent this cycle, but they've survived to fight for more kibble in the future. (See the screwups of Campaign...
...reportedly killed at least 20 people on Sunday in Pakistan's South Waziristan province close to the Afghan border, an area suspected of harboring al-Qaeda and Taliban fighters. Andrew Exum, a former U.S. Army officer who served in Iraq and Afghanistan as well as founder of the influential Abu Muqawama counterinsurgency blog, suggests that the American action in Syria shows that the tactic may simply have been exported. "The precedent has already been established of crossing borders into safe havens. Operational commanders would have to be thinking, If we can do it in Pakistan...