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)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
'Make legal immigration a more plausible option'Instant Opinion Opinion, comment and editorials of the day
-
LA-to-Las Vegas high-speed rail line breaks groundSpeed Read The railway will be ready as soon as 2028
-
Israel's military intelligence chief resignsSpeed Read Maj. Gen. Aharon Haliva is the first leader to quit for failing to prevent the Hamas attack in October
