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1 posted on 11/27/2009 5:29:07 PM PST by SeekAndFind
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To: SeekAndFind
DUBAI ISLANDS HOTEL



THE DUBAI PALM JUMERIAH



THE DUBAI TOWER



DUBAI NIGHT SKYLINE

2 posted on 11/27/2009 5:33:42 PM PST by SeekAndFind (wH)
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To: SeekAndFind
Islam, of course, opposes interest payments on borrowed money, so much of the debt is so-called Islamic debt, in which different labels are applied, but the concept of paying for the use of money remains.

WTH!?!?!?!

4 posted on 11/27/2009 5:36:55 PM PST by The Magical Mischief Tour
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To: SeekAndFind
There was a time when America used to dream and build like that.
No wonder the Freedom Tower isn't being built. Envirowacko laws, PC, affirmative action bids, etc.
8 posted on 11/27/2009 5:42:37 PM PST by Extremely Extreme Extremist (10 YEARS OF FREEPING! HAPPY ANNIVERSARY EEE!!!)
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To: SeekAndFind

Bodie, Calif. Is Dubai headed for a similar fate?
14 posted on 11/27/2009 6:09:20 PM PST by Fiji Hill
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To: SeekAndFind

Come on man,
Why is the world going to beat a path to Duubai to spend way too much money to buy a condo on some assclowns dream of paradise?
Bunch of man made islands that appear from space to be trees or earth?
I like my airpark. I like Florida.
Fools.


17 posted on 11/27/2009 6:30:05 PM PST by Joe Boucher (This marxist punk has got to go.)
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To: SeekAndFind

Related

http://ftalphaville.ft.com/blog/2009/11/26/85571/csi-dubai/

http://www.washingtontimes.com/news/2009/nov/28/dubai-debt-crisis-rocks-markets-in-us-asia/

Just have a squint at the planning that went into this one. Here’s the latest from Sheikh Ahmed bin Saeed Al-Maktoum. “Our intervention in Dubai World was carefully planned and reflects its specific financial position,” declared the chairman of the grandly titled Supreme Fiscal Committee. “The government is spearheading the restructuring of this commercial operation in the full knowledge of how the markets would react.”

Sadly, the Sheikh did not spell out all the careful planning that went on. First, work out when the 10-day Eid religious festival falls this year. Then, just before you close the markets for the duration, slip out a request from a state-backed company reeling under $60bn (£36.4bn) of loans for a six-month debt standstill. Getting the whole farrago to coincide with America’s Thanksgiving holiday was, it must be said, genius.

At the same conference, Sheikh Mohammed declared: “I want to tell those people who nag about Dubai and Abu Dhabi to shut up.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6673470/Why-we-must-consider-Dubais-careful-planning-a-work-of-pure-genius.html

http://blogs.telegraph.co.uk/finance/jeremywarner/100002318/dubai-is-just-a-harbinger-of-things-to-come-for-sovereign-debt/

Jamie Stewart: Europe should not count on an oil-backed Dubai bail out

http://www.independent.co.uk/opinion/commentators/jamie-stewart-europe-should-not-count-on-an-oilbacked-dubai-bail-out-1829512.html

http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-a-morally-bankrupt-dictatorship-built-by-slave-labour-1828754.html

http://www.independent.co.uk/news/business/news/traders-panic-as-lse-hit-by-double-whammy-1828687.html

http://www.independent.co.uk/news/business/news/dubai-debt-shock-knocks-16314bn-off-bank-shares-1828752.html

http://www.independent.co.uk/opinion/commentators/johann-hari/the-dark-side-of-dubai-1664368.html


18 posted on 11/27/2009 6:32:54 PM PST by FromLori (FromLori)
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To: SeekAndFind

something is rotten... We are being robbed and the money is all being sent overseas....

I just don’t get it....

It’s almost like we lost the a war and are paying reperations... but I don’t remember losing any war.

Our treasure is being looted right in front of our eyes in broad daylight, and no one is saying anything about it.


22 posted on 11/27/2009 8:00:03 PM PST by TexasFreeper2009 (Obama lied, the economy died)
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To: SeekAndFind
"The foolish man builds his house upon the sand." -- Jesus Christ
26 posted on 11/27/2009 8:30:32 PM PST by EternalVigilance ("No person shall be deprived of life without due process of law." - The U.S. Constitution (TWICE))
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