Thursday, February 12, 2009

Laid-Off Foreigners Flee as Dubai Spirals Down

I know, old news, but the free fall is becoming vertigineuse... In the NYTimes, here
"...Some analysts say the crisis is likely to have long-lasting effects on the seven-member emirates federation, where Dubai has long played rebellious younger brother to oil-rich and more conservative Abu Dhabi. Dubai officials, swallowing their pride, have made clear that they would be open to a bailout, but so far Abu Dhabi has offered assistance only to its own banks..."

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