Dubai, the "desert paradise:"
The Dubai Government or city or whatever they have going on over there has managed to sink into a 60-billion dollar debt (thanks global economy!), and they cannot pay creditors until May of 2010 at the earliest. Their primary sources of revenue are oil and tourism, I assume the city is fucked. Talk about poor money management. Not to mention tourism as a primary source of revenue? You can't even wear a bikini to the beach in Dubai, you'll get your appendages chopped off by pissed off Muslims.
The city is a joke. It was built by slave labor. It is a financial nightmare. The government/area doesn't make money. It's going to be a ghost town in 100 years.
Even construction on the Burj Dubai has been stunted due to the financial meltdown.
Re: Dubai
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