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FROM THIS EPISODE

At 8pm East Coast time today, President Obama will outline a stepped-up process for escalating the US commitment to Afghanistan. We get a preview. Also, the collapse of Dubai. What happened to due diligence by investors around the world. Is this a test of Islamic financing under Shariah law?

Banner image: US Army Command Sgt. Major Gary Mayo conducts a combined combat patrol with the Afghan National Army in Zabul province, Afghanistan, on November 20, 2009.    DoD photo: Tech. Sgt. Efren Lopez, US Air Force

Producers:
Andrea Brody
Sonya Geis
Katie Cooper

Main Topic The Collapse of the 'Dubai Miracle' 27 MIN, 16 SEC

Two weeks ago, the world of finance was told that Dubai had weathered the global recession.  But last week, markets around the world were shaken when Dubai World, the country's major developer, asked for a six month delay in payments on billions in debt.  Now, global financiers are claiming they've been misled. Should investors have seen it coming?  What's the possible impact on the global economy? Is the next step a kind of test for Islamic finance under Shariah law?

Guests:
Andrew Critchlow, Middle East Managing Editor, Dow Jones
Roula Khalaf, Financial Times (@khalafroula)
Ken Yeang, Director, Llewelyn Davies Yeang Architects
Christopher Davidson, Senior Lecturer in Government and International Affairs, Durham University

Dubai

Christopher Davidson

Main Topic Obama's Troop Build-up in Afghanistan 23 MIN, 33 SEC

Today's New York Times reports that the President will send another 30,000 troops to Afghanistan in the next six months, describing the move as "a huge gamble." In Afghanistan, tribal leaders and politicians "have expressed doubts" over the surge strategy.

Guests:
David Sanger, New York Times (@SangerNYT)
Anand Gopal, New America Foundation (@anand_gopal_)
Jay Newton-Small, Time magazine (@JNSmall)
Gary Langer, ABC News (@LangerResearch)

The Inheritance

David Sanger

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