Word: payes
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...epic boom, fueled by foreign speculators and one luxury development project after another. By the time the tower opened on Jan. 4 with a lavish fireworks display, though, the showmanship had faded. Weeks earlier, Dubai's biggest state-owned development company had declared it was unable to pay its debts. Officially, Dubai owes its creditors $80 billion, though a recent report by regional investment bank EFG-Hermes estimates that the city may be in the hole for as much as $170 billion. After Sheik Khalifa al-Nahyan, the oil-rich ruler of neighboring Abu Dhabi, stepped in with $10 billion...
...PIIGS group of troubled European economies--is carrying a deficit close to 13% of GDP, more than four times the E.U. limit. Part of the blame for Greece's economic woes has been placed on padded public-sector wages and rampant tax evasion. Proposed austerity measures, which include a pay freeze for government employees, prompted thousands to go on strike. European leaders, who fear that Greece's troubles will trigger widespread financial strain in the region, are mulling over a rescue plan that could include regional loans or financial aid from the International Monetary Fund...
...with grown children, who learns at the outset that her cancer has spread and she has four to six weeks to live. Accepting the news with barely a flinch, she tries to tell her extended family, only to find they are too caught up in their own troubles to pay much attention. Among the brood: a son whose bitchy fiancée wants him to get into the dope trade so she'll have enough money to open a boutique and an older daughter who reveals that her younger "brother" is actually her own illegitimate child...
...what looked like a commercial for Preference by L'Oreal. (Do you fast-forward through that opening when TiVo-ing the show? I do.) But in the past two episodes, I've come to think that Olsen and Sheffer knew what they were doing and have made the vagaries pay...
...that they won't admit new students at this point because too much material has already been covered. If you do manage to find a class that will let you in, remember that there's also a $10 add/drop fee. But that's a small price to pay for a happier semester...