about this blog
- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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Matt
They use slave labor in Dubai on their construction projects. (Google "slave labor in Dubai" to see what I'm talking about) And yet they still couldn't control their expenses. lol. Are the leaders of Dubai going to end up in their own debtor's prisons? And next month another Dubai-financed disaster is going to open in Las Vegas: City Center.
HwnProverb
The economic system world wide is not BACKED byany solid asset(S).Easily acessable paper thrown world wide created an illusional flush of wealth, in the thrust for globalization. This is/was the fastest way to tie in the World. Casualties are part of the coming together. Dubai is onf many effected by the Global Change. Old rules are not applicable. New rules create fear and Havoc. Dubai is one of many challenged by the now Future Shock. 1Lst half of 2010 looks depressionary.
Doug
Next we will be told Dubai is "to big to fail"
Marc
AHHHHHH, the worm turns.
isoopto
Throughout history the rich have become so by victimizing the masses. Yet, the masses cannot see it. Although each generation of the rich can see it.
Allen Cook
Did you really think there was a market for 100 plus story office buildings in the middle of the desert? Who did they think was going to lease/ purchase all that office, retail hotel and residential space? Another example of what generally happens when you spend more then you make.
Frank
Wow James. Your ignorance is startling.
Narinder Singh
This can be seen, when people do not think they have limits, and bankers whom are willing to throw money at such adventures.This will hurt the European and Asian Bankers the most, and also we must be aware that the European bankers have invested a lot of money in Eastern European countries which also are suffering heavily. A other bubble too burst shortly.
James
Those obsurd bastards reveled in the money they raped us for when crude was so overpriced! Now they are screwing our economies up because they cannot pay their bills. Screw them, anything they own here in the USA lets Nationalise and take for our country! They are a part of the Oil monopoly over there and they flaunted their money in arrogance, what are they gonna do now get a bail out from Obama and his socialistic ass? Better not!