-
DUBAI IS BROKE AND ITS ARAB NEIGHBORS WON’T HELP OUT
Posted by julian on December 1, 2009 in Economy
To all those stupid European banks that decided lending to Dubai was a good deal, it will turn out even rougher for them than the financial institutions caught up in the sub-prime collapse. At least governments bailed out those banks hit hard by the October 2008 meltdown. Dubai is another matter. The towel head who [...]
-
QANTAS-BRITISH AIRWAYS MERGER MAKES SENSE
I have long advocated that there is too much sensitivity and protectionism when it comes to how governments view their national carriers. Every nation, right down to tiny Nauru Island (population less than 10,000) has an international airline. Most are government-owned and if they aren’t, the largest shareholder is the government. The vast majority of [...]
-
Share
Our Photos
