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...Dubai's rulers know change is coming. No longer wowed by shopping malls with indoor ski slopes or hotels with gigantic aquariums, investors have begun to demand transparency. Last month, Barclays won the city's first foreclosure case. That could open the door to a flood of legal cases and more financial turbulence, but will also reassure investors that Dubai is learning from its mistakes. To keep attracting foreign residents with the skills to run a modern economy - and to better educate its own citizens so they can play a bigger role in that economy - the gulf's cities will...

Author: /time Magazine | Title: The Lessons of Dubai | 2/22/2010 | See Source »

...That won't happen easily. This week the owners of Burj Khalifa indefinitely closed its observation deck, the highest in the world, due to unspecified electrical problems. Like Dubai itself, the problem will, eventually, be solved. And the view then, say the city's boosters, will be fantastic. - With reporting by Maria Abi-Habib / Dubai...

Author: /time Magazine | Title: The Lessons of Dubai | 2/22/2010 | See Source »

Former Vice President Laura Chinchilla won a Feb. 7 vote to become the first woman elected to lead Costa Rica. A protégé of the outgoing President, Nobel Peace Prize winner Oscar Arias, Chinchilla is expected to continue Arias' economic policies and his efforts as peace broker in the region. A social conservative, Chinchilla opposes gay marriage and abortion and has promised to combat the country's increasing crime rate...

Author: /time Magazine | Title: The World | 2/22/2010 | See Source »

...city of underdogs--especially coming just days after its black and white residents came together to install new adult leadership in the form of Mayor-elect Mitch Landrieu. Maybe he can combine the bold vision of Saints coach Sean Payton with the brilliant execution of quarterback Drew Brees. It won't mean much if the next storm wipes it all away. What New Orleans still needs most is what carried the Saints to victory: a strong defense...

Author: /time Magazine | Title: The Moment | 2/22/2010 | See Source »

...hoax, and Tareq and Michaele Salahi to crash a White House dinner, Bravo TV cameras in tow. It's the content mill for the cable-tabloid-blog machine, employing human punch lines like Rod Blagojevich, the disgraced governor turned contestant on Celebrity Apprentice. It's everywhere. When Scott Brown won an upset Senate victory in Massachusetts, he was joined onstage by his daughter Ayla, an American Idol semifinalist from Season...

Author: /time Magazine | Title: Reality TV at 10: How It's Changed Television — and Us | 2/22/2010 | See Source »

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