Sunday, December 7, 2008

Dubai is too Important for its Leaders to let it Fall

Too Big to Fail
Newsweek - USA
The recent gala opening of the Atlantis hotel on Dubai's Palm island gave one a strong sense the emirate's elite were fiddling while Rome burned. The sheets had hardly been stripped from the beds of the departing guests when the hotel's developer, the government-owned Nakheel Properties, announced that it was cutting 15 percent of its workforce. ...

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