GOOD DAY FOR: Mixed media, after state-owned Abu Dhabi Media Co., which owns media assets such as Holy Quran Radio, is starting a $1 billion Hollywood production company that will invest in up to eight movies a year. The new company, Imagenation Abu Dhabi, is stepping in after other sources of Hollywood funding dried up in the credit crunch. (Bloomberg)
BAD DAY FOR: Minding the Gulf, after U.S. residential and commercial insurance claims from Hurricane Gustav were estimated at between $4 billion and $10 billion. The storm was less destructive than feared, though, and much less expensive than Hurricane Katrina, which cost insurers $41 billion. (AP in Yahoo! Finance)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
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- How to be the most productive person in your office — and still get home by 5:30 p.m.
- 6 things the happiest families all have in common
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- How to live a long life, according to science
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