Pain

Old Nov 25th 2009, 8:37 pm
  #1  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Pain

http://www.nytimes.com/2009/11/26/bu...ef=global-home

I will recommend to cover your arses, ladies and gents.
GrecoRomano is offline  
Old Nov 25th 2009, 8:53 pm
  #2  
BE Forum Addict
 
Chris79's Avatar
 
Joined: Nov 2007
Location: Abu Dhabi
Posts: 1,575
Chris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond reputeChris79 has a reputation beyond repute
Default Re: Pain

Screw you Dubai lot, I'm in Abu Dhabi and we are considerably more richer than you

TBH I'm wondering how long it will be before Abu Dhabi gets hit as well.
Chris79 is offline  
Old Nov 25th 2009, 11:28 pm
  #3  
Lost in BE Cyberspace
 
Inselaffen's Avatar
 
Joined: Jun 2007
Location: Dubai
Posts: 13,549
Inselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond reputeInselaffen has a reputation beyond repute
Default Re: Pain

will this bring a different opinion on Big Mo's rule?
building a country with money he hasnt got
Inselaffen is offline  
Old Nov 26th 2009, 3:18 am
  #4  
BE Enthusiast
 
klaus3974's Avatar
 
Joined: Apr 2008
Posts: 380
klaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud ofklaus3974 has much to be proud of
Default Re: Pain

This is going to hurt.

For me it means at least another year without bonus...
klaus3974 is offline  
Old Nov 26th 2009, 3:49 am
  #5  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,391
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Pain

Well this is hardly a surprise.
Millhouse is offline  
Old Nov 26th 2009, 11:42 am
  #6  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Re: Pain

Originally Posted by klaus3974 View Post
This is going to hurt.

For me it means at least another year without bonus...
No way! They give YOU bonuses? AHAHAHAHAHAHAHAHAHAHAH
GrecoRomano is offline  
Old Nov 26th 2009, 11:45 am
  #7  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Re: Pain

Originally Posted by EmiratesMillhouse View Post
Well this is hardly a surprise.
It is a surprise, in a way, for a couple of reasons: it's an open game, with numbers (USD 80 B) and dates (another six months, so mark May 25th 2010 for your, ehm, "visa run") and for the fact that it reached the cover page (well, the home page at least) of the New York Times. I don't think that a turning back will be possible, nah. How's Jebel Ali doing? That could be the first to go...
GrecoRomano is offline  
Old Nov 26th 2009, 11:50 am
  #8  
BE Forum Addict
 
soukie's Avatar
 
Joined: Jun 2008
Location: Abu Dhabi
Posts: 1,631
soukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond reputesoukie has a reputation beyond repute
Default Re: Pain

I wonder what impact this will have on Abu Dhabi? Seems like construction will be slowed here too.
http://www.building.co.uk/story.asp?...de=3154021&c=0

Last edited by soukie; Nov 26th 2009 at 11:58 am.
soukie is offline  
Old Nov 26th 2009, 12:47 pm
  #9  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Re: Pain

Originally Posted by soukie View Post
I wonder what impact this will have on Abu Dhabi? Seems like construction will be slowed here too.
http://www.building.co.uk/story.asp?...de=3154021&c=0
Interesting: maybe they're planning to use all of those empty building in Dubai... which, I guess, will be up for sale for a quite reasonable fare, quite reasonable one
Just guessing. Keep an eye on the cars' plates. When they'll change again, you will know for sure who's the boss in charge, ehehe.
GrecoRomano is offline  
Old Nov 26th 2009, 2:09 pm
  #10  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,391
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Pain

Originally Posted by GrecoRomano View Post
It is a surprise, in a way, for a couple of reasons: it's an open game, with numbers (USD 80 B) and dates (another six months, so mark May 25th 2010 for your, ehm, "visa run") and for the fact that it reached the cover page (well, the home page at least) of the New York Times. I don't think that a turning back will be possible, nah. How's Jebel Ali doing? That could be the first to go...
Well for me, it's sort of good news... I really hope Jebel Ali or some of the other ports that DP own come up for sale. I'd love to buy 'em...
Millhouse is offline  
Old Nov 26th 2009, 2:16 pm
  #11  
Millhouse is not a meme
 
Millhouse's Avatar
 
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 14,391
Millhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond reputeMillhouse has a reputation beyond repute
Default Re: Pain

Originally Posted by soukie View Post
I wonder what impact this will have on Abu Dhabi? Seems like construction will be slowed here too.
http://www.building.co.uk/story.asp?...de=3154021&c=0
This is a really interesting thought process... by limiting the construction work they are hoping to draw a line under rent falls (or potentially result in a boost to rents) in AD.

I wonder if they have considered the unintended consequence that could be redundancies as a result of a reduced level of construction, and therefore less demand... and hence rent falls.

The latter would be great ... get rid of all the idiots that frequent places like Captains or that awful place the Village at the One.
Millhouse is offline  
Old Nov 26th 2009, 4:32 pm
  #12  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Re: Pain

Originally Posted by EmiratesMillhouse View Post
Well for me, it's sort of good news... I really hope Jebel Ali or some of the other ports that DP own come up for sale. I'd love to buy 'em...
Have a few quid to spare, mate? Anybody knows how's the traffic going in JA?
GrecoRomano is offline  
Old Nov 26th 2009, 4:35 pm
  #13  
Banned
Thread Starter
 
Joined: Jan 2007
Location: Holland, luckily!
Posts: 223
GrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud ofGrecoRomano has much to be proud of
Default Re: Pain

Originally Posted by GrecoRomano View Post
http://www.nytimes.com/2009/11/26/bu...ef=global-home

I will recommend to cover your arses, ladies and gents.
OOOOPS!
http://news.bbc.co.uk/2/hi/business/8381258.stm

Fait vos jeux, madames et monsieurs! Fait vos jeux!
GrecoRomano is offline  
Old Nov 26th 2009, 6:36 pm
  #14  
Eva
Lost in BE Cyberspace
 
Eva's Avatar
 
Joined: Aug 2007
Posts: 7,646
Eva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond reputeEva has a reputation beyond repute
Default Re: Pain

Originally Posted by EmiratesMillhouse View Post
Well this is hardly a surprise.
Agreed.
Hieroglyphics on the wall by now.........
Eva is offline  
Old Nov 27th 2009, 6:28 am
  #15  
Gold-Helmeted Member
 
captainflack's Avatar
 
Joined: Dec 2004
Location: Setubal-ish
Posts: 603
captainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond reputecaptainflack has a reputation beyond repute
Default Re: Pain

Interesting that the consensus view before this was the Dubai would meet its obligations, largely because:

1. They'd publicly said as much for the last month or two
2. Sheikh Mo had strongly implied AD would bail Dubai out pretty much however deep the hole was

It seems this has not happened. I imagine AD probably demanded too high a price and Dubai just could not swallow its pride enough to accept it. Probably they wanted anything of value in return and active control of Dubai govt. In the end they are in the driving seat, no one else would lend Dubai money because no one else has the power to get it back.

Unless Dubai back pedals on this (we've seen this happen before many times) and ends up agreeing to take it up the backside from AD, then Dubai is going to have a huge financial crisis because it simply does not have enough revenue now to fund servicing its debts or even just continuing running stuff. Already DEWA has supposedly doubled leccy bills.

If Dubai tries to bring in taxes, then I can see a wave more people leaving, and the economy nosedives even more.

They really have managed to screw themselves big time. I hope some of them can still remember how to pitch a tent and ride a camel, because they might be needing those skills sooner than they think.
captainflack is offline  

Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.