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...chronicler of American lives, a former Incredible (the voice behind Violet's bangs) and the author of The Wordy Shipmates, out this month, which finds the quirk in America's Puritan heritage. Here's what's on Vowell's short list this fall...
...result, the kingdom is on the move. On the World Economic Forum's list, it is 27th, up from 35th last year. It sprinted up the World Bank's list, from 67th in 2005 to 16th in 2008, making it the easiest place to do business in the Middle East. In that time, foreign investment in Saudi Arabia has nearly doubled, to $23 billion. "Foreign businesses are looking at us differently," al-Dabbagh boasts. Companies with a long history of working in the kingdom say they've noticed the difference. "The say/do factor has improved significantly," says Nabil Habayeb...
...Saudi Arabia is still some distance from being an investor's mecca. The kingdom ranks a woeful 137th on the World Bank's list when measured by ability to enforce contracts. For many investors, that will be a red flag. Saudi Arabia has also fared poorly on other lists that investors parse: it has slipped to 80th place on Transparency International's Corruption Perceptions Index for 2008, from 70th in 2005. By that reckoning, Saudi Arabia is one of the most corrupt places in the Middle East...
...current economic collapse [Oct. 13]. Those who lived through the Great Depression endured a scare that prompted them to scrimp and save, something the current generation does not do. Now Americans generally believe they are entitled to whatever they want without regard to whether they can afford it. The list of what we have come to consider necessities would stun those from most other parts of the world. Oren Spiegler, UPPER ST. CLAIR...
...demands for more money suggest that, as Bair told TIME, "more banks will fail." The FDIC's list of troubled banks jumped from 90 to 117 in the second quarter and will surely grow again. Bair is worried about all the new responsibilities her agency is taking on. The new rescue plan requires the FDIC to guarantee not just the new lending by banks but also unlimited deposits in special accounts used primarily by small businesses for things like payroll. Little wonder Bair is cautious: the new program is expected to cover $1.9 trillion, a stunning 42% increase in total...