Bye Bye, Dubai
Dubai, the Persian Gulf emirate which grew into a fantastical, magical world with the tallest planned skyscraper in the world and palm tree-shaped islands, might be going bye bye. Dubai World cannot pay pack its loans and is asking for a 6-month moratorium on repaying its $60 billion debt, which is sending the international financial world reeling. (Hat tips to Rafi , and Yeranen Yaakov ). Now what if they had, with all that investment money, helped out their own brethren, say, the so-called Palestinians, in building an infrastructure of a new "Palestinian" state? Wouldn't that have shown the world that the Arabs do care for their own people, and are working towards building a better future for themselves? Instead, they built a Middle Eastern fantasy land. And now the bubble has burst. Good thing Israel didn't BUY much into Dubai. . . ( But boy, do I love those hotel interiors! ) Oh, and let's not forget about the sheik's silver Audi A8. That is, it's...