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In this issue
Edition: Europe
Vol. 172, No. 18

COVER
Life Without Credit (What Deleveraging Really Means) (The Economy | Credit Crunch)
The debts Americans have piled up are due. That means a lot less consumer spending and a lot more pain for everyone


THE ECONOMY
Dubai: Nowhere Is Immune (The Economy | Dubai)
Even Dubai, the Gulf's ultimate boom town, looks vulnerable as the financial crisis spreads


THE WELL
America: The Lost Leader (Election Special | American Leadership)
After World War II, the U.S. was able to remake the world. But times have changed. America no longer has a monopoly of the resources that win it both respect and followers


GLOBAL BUSINESS
Turkey's Wild Ride (Special Report | World Economic Forum)
After years of torrid growth, the country braces itself for a slower and more uncertain future

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ESSAY
Stuck in Class
A parent wrestles with the downside of sending her child to a sheltered private school


ARTS
The Clash: Loud and Proud (Books)
Punk's true rebels tell their story


GLOBAL ADVISER
Double Take (On Show)
Chien-Chi Chang's arresting images will make you look twice

The French Restoration (Amuse-Bouche)
Phnom Penh's new generation of French restaurants breath new life into cuisine in the former French colony's captial

The Hudson Valley (Sense of Place)
New York City's historic hinterland, as seen through the ghostly tales of Washington Irving

Diamond in the Rough (Check In)
It's not easy to get to, but you won't regret the journey out to this remote lodge in New Zealand


LETTERS
Depression Hurts (Inbox)
Trickle-Down Gluttony; Newman's Own Legend; The Palin Mystique; The Frugal Life; The Public Mistrust; Stop Falling All Over High Heels


Quotes of the Day »

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SARAH PALIN, in an interview with Oprah that will air Monday, on whether her almost son-in-law Levi Johnston will be coming to Thanksgiving dinner