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...Dubai - as the record-breaking tower was originally called - Dubai was in the midst of an epic boom, fueled by foreign speculators and one luxury development project after another. By the time the tower opened on Jan. 4 with a lavish fireworks display, though, the showmanship had faded. Weeks earlier, Dubai's biggest state-owned development company had declared it was unable to pay its debts. Officially, Dubai owes its creditors $80 billion, though a recent report by regional investment bank EFG-Hermes estimates that the city may be in the hole for as much as $170 billion. After Sheik...
...Perry's out to have fun too. He regularly steps out of character to ad-lib - chastising latecomers in the audience ("The show starts at 8. You move a little slower, you need to leave a little earlier"), joking about a co-star's bad breath and delivering impromptu movie reviews. (He praises Disney's The Princess and the Frog for having a black heroine but laments that she doesn't wind up with a black prince: "Black woman can't even have a black man in animation!") After the curtain call, he spends another 15 minutes talking...
...approach chimes with the findings of The Dhoni Effect, a 2008 report from consultants Ernst & Young. Named after Indian cricket captain Mahendra Singh Dhoni, a small-town boy made great, the report found that India's provincial consumers were increasing in importance, thanks to growing aspirations and incomes. "Earlier, it was just Bombay and Delhi, but since 2004 we've been seeing the rise of Tier 2 India," says Ashok Rajgopal, a partner in Ernst & Young's business-advisory services. See TIME's photo-essay "The Tempestuous Nehru Dynasty of India...
...earlier version of this post stated incorrectly that four Harvard alums are playing on the Canadian and American women's hockey teams this year. In fact, there are five Harvard women's hockey alums participating in the Olympic games...
...Crimson Alpine team had success earlier this season at the Bowl in exhibition races...