Word: dubai
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There's a fine line between confidence and hubris, and it's easy to conclude that Dubai and its real estate developers crossed it when they planned the newly opened Burj Khalifa, which, at 2,717 ft. (828 m), is by far the tallest building in the world. Since the skyscraper was planned, the tiny emirate's go-go boom has stalled, and its real estate bubble popped. But there's another way to look at the Burj Khalifa--which you can do on a clear day from 60 miles (100 km) away. The building supplanted an unlovely tower...
...Dubai in Peril The crisis in Dubai is the crisis of unsustainable folly [Dec. 14]. It's amazing how eager our banks have been to pour money into a city-state sucking in vast amounts of energy and water to build and maintain a monstrous playground for the very rich. Heaven knows what its carbon footprint is. At its heart there is a sickness, with tales of dreadful working conditions for migrant laborers, who form a kind of permanent underclass. But what else can be expected of a place where the rich can party in their castles of sand while...
...Dubai in Peril The crisis in Dubai is the crisis of unsustainable folly [Dec. 14]. It's amazing how eager banks have been to pour money into a country that sucks in vast amounts of energy and water to build a playground for the very rich. At its heart there is a sickness, with tales of dreadful working conditions. But what else can be expected of a place where the rich can party but human rights for the poor are not on the agenda? Derek Smith, LONDON
...extremist religious views since attending high school at the British International School in Lome, Togo, saying he had the nickname Alfa, a local term for an Islamic scholar. The newspaper also cited family sources as saying that after Abdulmutallab left university in London, he relocated to Egypt and then Dubai, where he cut ties with his family. (See how Nigeria is struggling with its Islamist insurgencies...
...revenue from gaming, would be in "a tremendously damaged position, more so than even we had been this year." Murren calls it the most challenging time of his life - "Had I known we would have survived, I might have enjoyed a bit of it." (See a brief history of Dubai...