Word: year
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Dates: during 2000-2009
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...bigoted slur on an Arab success story. "I can safely say that we have succeeded in containing the risks of the global financial crisis in record time," he said last April. Indeed, even as the property bubble was bursting and throwing thousands out of work in his realm a year ago, Dubai played host to probably the biggest party ever thrown in the Middle East: a $20 million red-carpet extravaganza, with fireworks visible from outer space, to celebrate the opening of the $1.5 billion Atlantis hotel and resort. (See a story about whether Dubai's problems will spread...
...much of Dubai has been built on short-term loans, based on the idea that income from the projects would buoy liquidity and help roll forward debt payments. For example, Dubai's driverless metro system, one of the most advanced in the world, is financed through three-year notes, which the city-state believed they could renew as ticket fees helped pay the interest. Now, the international consortium that is building the system - including the Japanese construction giants Mitsubishi and Obayashi as well as the Turkish company Yapi Merkezi - are probably left with huge fees unpaid...
More than 60 years after the end of World War II, an 89-year-old retired auto worker from Ohio went on trial in Germany on Monday in what many are calling the country's last Nazi war-crimes proceeding. That's not the only reason the world is watching the trial closely: John Demjanjuk is also No. 1 on the Simon Wiesenthal Center's list of most wanted war criminals, accused of being an accessory to the deaths of at least 27,900 people. Then there's the added drama of his health - Demjanjuk's family insists...
...Survivor Thomas Blatt, whose brother and parents died at the camp, has traveled from his home in California to Germany to testify. But even he admits it will be difficult to convict Demjanjuk. "I can't remember the faces of my parents now," the 82-year-old says. "How could I remember him?" Blatt says the trial is important, nonetheless. "I don't care if he ends up in prison or not," he says. "The world needs to find out what happened at Sobibor...
...Arab, as high as the Eiffel Tower. Within another decade, Dubai had become truly a global hub - the largest international financial center between Singapore and Europe, a regional headquarters for global brands from investment banking to bespoke tailoring, and a destination for more than 6 million tourists a year...