Dubai debt crisis

After the world's experience with subprime lending, probably the worst call a prognosticator can make about a debt crisis is that it will remain "contained." So here goes nothing: Chances that the would-be deadbeats in Dubai will set off a series of defaults among emerging market countries seem...

U.S. stocks followed the rest of the world lower in a short Friday session after the state investment company of Dubai shocked global debt and equity markets on Thursday by asking for more time to make a loan payment, essentially admitting that it's currently insolvent. As banks across Europe,...