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Keyword: creditbust

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  • Carnage for Dubai’s Creative Class

    03/12/2009 10:50:18 AM PDT · by AZLiberty · 23 replies · 1,561+ views
    FuturistSpeaker.com ^ | February 19, 2009 | Thomas Frey
    Cars are being abandoned in record numbers at Dubai International Airport. The dust-covered Mercedes and BMW’s at the Dubai International Airport is a tell-tale reminder of what is happening there. The number of deserted cars crested the 3,000 mark in recent months, according to a Times Online article. What is happening is the over-extended are making a mass exodus of possibly Biblical proportions. The cause has a lot to do with the draconian Sharia, a code of Islamic law that has gained reputation among smugglers of tiny amounts of illicit contraband. Under Sharia, the punishment for defaulting on a debt...