MUCH ADO ABOUT DUBAI -- BY ZACHARY KARABELL, The Wall Street Journal

The panic over its debt problem tells us more about investors than it does about the emirate.

Global markets sank sharply at the end of last week on fears that Dubai World, a subsidiary of the government of Dubai, was on the verge of defaulting on approximately $60 billion of the emirate's $80 billion in total debt held by creditors world-wide. The rush of news stories added to the wildfire of panicky

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