Credit ratings for Dubai-owned companies now reflect this lesson, based on a fundamental credit outlook, not an implicit government backstop.

FORBES: Doctor Doom

The lesson here: a strong economy has to be based on something more than gaming, tourism and home construction.

FORBES: Where Americans Are Moving

The basic lesson of all of this: stop pretending that you can control the financial health of banks with regulation based on book values of capital.

FORBES: Not Your Garden Variety Recession...