159 people were killed in southern India as an Air India Express plane crashed over a cliff in a failed landing attempt early this morning. The plane was traveling from Dubai to Mangalore, where the pilot missed the landing platform and flew the plane into a cliff. The plane was carrying 166 people, and while eight people were initially reported to have survived, reports are now surfacing that one of them has also passed.

Between the current economic downturn, the increased presence of terror threats at airports, a crippling series of snowstorms and Congress’ seeming inability to pass any bills whatsoever, patriotism has been running on an empty stomach lately. Luckily, Newsweek‘s Daniel Gross is cooking second and third helpings of chicken soup for the American soul – the seasoning is a little bitter, but anything helps.

Reports of a security incident aboard a plane at Heathrow Airport are breaking tonight, although the airport has remained open.

The plane is a Dubai-bound Emirates flight that stayed grounded for more than three hours while police searched the plane.

The decade got off to such a nice start, didn’t it? At the stroke of midnight, as the nines turned into zeroes, our millennial fears were allayed by magnums of champagne and an army of Silicon Alley wizards. Cities around the globe twinkled with the light of an infinity of camera flashes. It was all [...]

Amidst the spectacle of Tiger Woods‘ car crash and the Salahi’s White House party crash, was the equally spectacular (and arguably more important) story of the Dubai economy crash. For those of you interested in a detailed, business-minded background on what went on and what didn’t, Andrew Ross Sorkin has penned this piece in the [...]

From its inception, Dubai has been the vision of an elite and powerful group that wanted to build a worldwide tourist hub in the middle of a desert. And to do it, they needed money. Those who borrowed, and lent, that now-notorious $80 billion to build this display of nature-thwarting extravagance must have (or should have) known that the entire project was, at its core, a huge gamble.

Black Friday may take on a whole new and scarier meaning today. Depending how closely you were paying attention to the news (or Twitter) between yesterday’s turkey courses you may have heard whispers about Dubai — and its debt crisis which shook global markets over Thanksgiving and sent the Dow tumbling 193 points. The news is not good, and we’ll probably be hearing a lot more about it. Here’s a short overview.