Article

2009-11-27 Economy

Dubai in deep water as ripples from debt crisis spread

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Posted by anonymous5089 2009-11-27 14:21|| || Front Page|| [1 views ] Top

#1 Broke inspite of hundreds of thousands of dirt cheap Filipino ~~slave~~ laborers.

Posted by Besoeker 2009-11-27 15:22|| 2009-11-27 15:22|| Front Page Top

#2 The Persian Gulf countries are famous for being in the wave to pick up gold. Wonder if they've resigned themselves to the fact oil demand isn't going to get much higher and the group behavior will only undercut any subgroup that tries to withhold too much, particularly with the Iraq crude in the mix now too. All that in consideration, you'd think someone might create another financial crisis to jack up further the price of gold before they unload it at an amazing profit.

Posted by Procopius2k 2009-11-27 16:03|| 2009-11-27 16:03|| Front Page Top

#3 But I thought their wonderful Islamic banking system was supposed to protect them from this kind of thing.

Posted by gorb 2009-11-27 16:42|| 2009-11-27 16:42|| Front Page Top

#4 When you owe $50B, you don't have the worst problem, the banks do.

Most of the world's banks are insolvent at this point.

Posted by phil_b 2009-11-27 18:03|| 2009-11-27 18:03|| Front Page Top

#5 #1 even here in GUAM, despite their impor role in dev Guam's milbases durng WW2 and post-WW2 island-wide development vee the construction industry, many Filipino + LT Chinese-Korean workers are now deemed overly "expensive" by local Contractors in comparison to non-Filipino, etc. ASIAN H-2 workers + Micronesians, the latter of whom are viewed or treated as "temporary/transient" per the US-FSM COMPACT OF FREE ASSOCIATION.

1990's - 2007 > It used to be CHIN sneaking into Guam [e.g. from CNMI] by crashing their boats oer local reefs - now I'm seeing more INDIAN + BANGLA + OTHER SOUTH/SE ASIAN emigres walking around???

Posted by JosephMendiola">JosephMendiola 2009-11-27 19:32|| na]">[na] 2009-11-27 19:32|| Front Page Top

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