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A City Built on Sand - and Debt - Sat, 28 Nov 2009Simon Jenkins, The Guardian
Turn autoplay offTurn autoplay onPlease activate cookies in order to turn autoplay offBefore the desert sands close over its luxury follies, lessons should be learned "" number one, don't believe the hypeWas anywhere heading for a fall so obviously as Dubai? Yet why did no one ever scream? Why did everyone just marvel?When I first visited the place three years ago, it was already the most dangerous speculative bubble on earth. Breakneck building "" using reputedly a quarter of the world's cranes "" was sustained on hysterical public... -
Dubai Debt Woes Raise Fear of Wider Problem - Sat, 28 Nov 2009Landon Thomas, NY Times
Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities like Brad Pitt, and to invest in glittery properties like the MGM Grand Casino in Las Vegas.The Emirates Towers in Dubai, which has accumulated $59 billion in debt. Golfers in the shadow of Jumairah Island Towers on Friday in Dubai. Fear that the emirate cannot pay its debt sent the Dow down more than... -
Dems' Health Care Dream is Really a Nightmare - Sat, 28 Nov 2009Matthew Continetti, WS
Increase Font SizePrinter-FriendlyEmail a FriendRespond to this articleNext time you run into a group of Democrats, offer to splash water on their faces. They've spent 2009 in a dream state, and it's time they wake up. They're convinced that they can subsidize health insurance for millions of people while also "bending the cost curve" of health care spending. They want to sign us up for the political equivalent of one of those three-step "eat more to lose weight" diets. Step one: Pile on the expenditures, regulations, taxes, and...
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GVTV News is broadcast 5 days a week on comcast cable NCTV Public Access Television at 3:00 p.m. and 7:30 p.m. pst. It is also produced and aired by Grass Valley Television at www.gvtelevision.com and www.gvtv.org 7 days a week online.
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Anchor Randy Hansen
Producer: Randy Hansen
Contact 530-477-3309 email: news@gvtv.org
You can get a free podcast thru itunes and rss feed and cellphone access available.
Anchor Randy Hansen
Producer: Randy Hansen
Contact 530-477-3309 email: news@gvtv.org
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