THE BORE

General => The Superdeep Borehole => Topic started by: Human Snorenado on November 27, 2009, 06:20:54 AM

Title: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Human Snorenado on November 27, 2009, 06:20:54 AM
http://www.msnbc.msn.com/id/34165138/ns/business-world_business/

Cause who could have foreseen that leveraging absurd oil prices to get crazy lines of credit extended to you in order to build a playground city for the mega-rich in the middle of the desert would be a bad idea!
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Bocsius on November 27, 2009, 06:41:49 PM
So Dubai's economic solvency is dubious?
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Brehvolution on November 27, 2009, 09:07:10 PM
I hate to say it, but it's the no alcohol/drug laws that killed dubai.
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Diunx on November 27, 2009, 10:08:12 PM
You can't drink alcohol in dubai? how the fuck were they expecting to turn that into a tourist city?
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Bebpo on November 28, 2009, 12:07:41 AM
You can't drink alcohol in dubai? how the fuck were they expecting to turn that into a tourist city?

Maybe legalize prostitution?

 :tauntaun
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: BlueTsunami on November 28, 2009, 12:27:34 AM
I hate to say it, but it's the no alcohol/drug laws that killed dubai.

Las Vegas-light? :lol I can only imagine how Vegas would be without the alcohol.
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Akala on November 28, 2009, 01:03:15 AM
I hate to say it, but it's the no alcohol/drug laws that killed dubai.

Las Vegas-light? :lol I can only imagine how Vegas would be without the alcohol.

It would be Dubai.

(http://i47.tinypic.com/2pqwg93.png)
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Akala on November 28, 2009, 01:42:33 AM
yeah, IIRC someone brought that up a while back?
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Fresh Prince on November 28, 2009, 01:47:24 AM
I am pretty sure you can drink in your own home it's only during Ramadan when you can't eat in front of Muslims etc.
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: ToxicAdam on November 28, 2009, 02:39:53 AM
I think it's kind of distinguished mentally-challenged to think that Dubai is just going to turn into a gold rush era ghost town. The arab people still take great pride in it and there is still plenty of money in that part of the world to make it viable.

You just won't see the same explosive growth you had seen in the past decade. It will be a more measured and more responsible one. So, it will probably become stronger in the long run.

Not to mention that when the global economy does come back, gas prices will go right back to 100-120 dollars/bl and they will be flush with money again. It's not if ... it's when.



 
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Tieno on November 28, 2009, 03:51:37 AM
Waarom draait heel de wereld om geld
Waarom is er nog steeds zoveel geweld
Waarom toch blijft de armoede bestaan
Waarom gaat heel het leefmilieu eraan
Waarom is er geen brood voor iedereen
Waarom zijn zoveel mensen zo alleen
Waarom stak jij je vinger in mijn gat
Dacht jij misschien dat ik daar deugd van had?
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: Reb on November 29, 2009, 06:21:38 AM
Waarom draait heel de wereld om geld
Waarom is er nog steeds zoveel geweld
Waarom toch blijft de armoede bestaan
Waarom gaat heel het leefmilieu eraan
Waarom is er geen brood voor iedereen
Waarom zijn zoveel mensen zo alleen
Waarom stak jij je vinger in mijn gat
Dacht jij misschien dat ik daar deugd van had?

hot
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again
Post by: FlameOfCallandor on November 30, 2009, 09:58:59 AM
I wonder how much Paul Krugman thinks the dubai government should spend for that country to recover.
Title: Re: Dubai asks for extra time to pay off debt; world freaks out (2G2D back again!)
Post by: BlueTsunami on November 30, 2009, 01:26:12 PM
I hate to say it, but it's the no alcohol/drug laws that killed dubai.

Las Vegas-light? :lol I can only imagine how Vegas would be without the alcohol.

It would be Dubai.

(http://i47.tinypic.com/2pqwg93.png)

I can imagine all the Indian slave workers pouring out of various buildings and a lone Jinfash with two sawed off shotguns