115 Comments
- macewan, on 10/10/2007, -1/+82Isn't Dubai where Halliburton is relocating?
- chase001, on 10/10/2007, -1/+48Yes where Congress can't Subpoena any of their records.
- littlebylittle, on 10/10/2007, -6/+50Dubai: the new money laundering capital of the world.
- chase001, on 10/10/2007, -4/+47They are also who Bush wanted to lease our ports to.
- SheilaNoya, on 10/10/2007, -5/+41Dubai also just bought a stake in the Carlyle Group which makes huge war profits. Bush's daddy was on the Board of Directors of the Carlyle Group. Any surprise?
- 11Heather, on 10/10/2007, -8/+36Scary what oil money is doing to cause a shake-up in our silent ruling overlords.
- jsdratm, on 10/10/2007, -1/+26Just so you know, this doesn't mean they bought 20% of every company on the nasdaq. They just bought a share of nasdaq itself.
- Derelict267, on 10/10/2007, -1/+21From his profile; About-
Endangered species: Non-hispanic White, non-gay male. Proud of both American history and Scandinavian ancestry. On and off Digg since April 2005 as Otherland aka ErikF. Lost upwards of 30 user IDs as a victim of zionist Judeofacist censorship of Digg
Bigot. - totorototoro, on 10/10/2007, -3/+18This smells like a Carlyle Group deal.
- TroubleInMind, on 10/10/2007, -2/+17I, for one, welcome our new wealthy overlords. Because when China calls in the 1.75 trillion in IOUs we wrote them during the Bush administration, we need somebody who can cover that check.
- jkbowman, on 10/10/2007, -0/+15Favorable tax treatment also comes to mind, if not now later. - I'm confident Halliburton and many other companies are contemplating where they'd like to be based when the baby boomer generation reaches retirement age. No, I don't think they're building all of those skyscrapers for "tourism."
- crapmatic, on 10/10/2007, -1/+14Blogspam ripping off AP content word for word. Get it from the source: http://www.forbes.com/feeds/ap/2007/09/20/ap413974 ... .
- inactive, on 10/10/2007, -4/+16superpower? you probably mean superborrower, right?
- Tabou, on 10/10/2007, -2/+14Dubai generates only 3 percent of its GDP from oil.
Source: http://www.bloomberg.com/apps/news?pid=20601087&si ... - gtluke, on 10/10/2007, -2/+14what? no a dubai company WON the bid, bush supported the honoring of their legal bid, it was very racist to deny them.
united water is a french company(largest utility in the world next to GE), look at your water bill, there is a great chance they do your tap water or maybe electricity. if united water sold their business to a canadian company would that be okay? british? mexican? indian? chinese? pakistan? dubai?
see how tricky that gets?
bush derangement syndrome. please think about your replies logically and not blindly blame bush every time you don't like something. i don't care who you support or dislike but i'm getting sick of these idiotic blame bush remarks in every single commentary on digg.com - lead2thehead, on 10/10/2007, -1/+13That should tell you just how freaking rich those people are.
- Rashids, on 10/10/2007, -0/+12Why is the picture of the King of Saudia Arabia shown in that article
I hope that by now, people now that Dubai is a city in the United Arab Emirates, and UAE is a complete different country,, its like putting Canada's prime minster photo when the article is about the US government! - crash331, on 10/10/2007, -1/+11you know, those people from arabia.
- Crimsoneer, on 10/10/2007, -5/+15"the arabs"? What the hell does that even mean?
- 2reflective, on 10/10/2007, -2/+12Dubai is the neocons getaway plan. Do you really think they will hang around in the USA to face potential charges once they leave office?
- phlebitis, on 10/10/2007, -1/+10America designed the system, and therefore can't complain when better players rise up and take over.
- mookiemookie, on 10/10/2007, -3/+11You really have no idea what this story is about, do you?
- ren1999, on 10/10/2007, -3/+11The Americans who just relocated to Dubai in order to avoid extradition back to the United States, Halliburton. They bought shares in NASDAQ with stolen American tax dollars. Are you going to let them escape?
- jsdratm, on 10/10/2007, -0/+8You are a moron, they bought 1/5 of a single company, not every company
- cipher64, on 10/10/2007, -1/+9It's amazing how everyone is worried about a Muslim country buying a minor stake in a US based business, why does not anyone ever wonder how much stake another group has in almost every big business here including the media???
- cranium, on 10/10/2007, -2/+9So was W.
- inactive, on 10/10/2007, -2/+9"help support democracy and giving their people rights"
Dubai is the exact opposite and has not interest in what you're talking about. None. - gtluke, on 10/10/2007, -1/+7i made that comment because i do government contract work for city water utility.
the government can't handle projects, they are total idiots so they have to farm this work out.
bidding is stupid because whoever SAYS they can do it the cheapest wins... IE cut corners, half ass.
but when the government finds a company that they find very competent in doing their job they give them a "no bid contract" and people get up in arms about that.
my company gets no bid contracts once in a while and seriously EVERYONE involved is WAY better off. better service and better product and we can work much closer with the parties involved in the planning stages and it makes things go sooooo much smoother instead of having to pour through thousands of pages of a specification trying to figure out what the designer is trying to get at. working with him from start to finish is just better. we make the same money with a lot less stress, the city saves a TON of money.
but it pisses people off.
i really don't see another way of doing it. its either bid contracts, or no bid contracts, or sell it all to a private owner. but could i buy the port? could a canadian? dubai? see?
whatever, what are we to do. any way you do anything half of the people are going to be pissed off because you didn't do it their way. - 4Runner, on 10/10/2007, -0/+6Dubai World also owns 50% of Las Vegas City Center and 14 million shares of MGM Mirage.
- Tenlow, on 10/10/2007, -2/+7I read the title as they bought 20% of all currently trading stocks. "Dubai buys 20% of nasdaq stock exchange" would have been less confusing.
- spynovel, on 10/10/2007, -2/+7Thank God all our governmental contracts go to bidders. ;-)
- VitriolAndAngst, on 10/10/2007, -2/+6Did we conduct a war on traffic accidents? We spent more money on 3,000 people getting killed at the WTC than we don on people who die every day. What hs been the result? Now we are in debt, and our ports our our military is getting owned by transnational conglomerates -- some of them owned by countries who would be considered a security risk by any rational nation.
George Bush is helping to defeat America and Democracy. Thank you Republicans and NeoCons for your wonderful patriotism. - zombies187, on 10/10/2007, -0/+3Sources?
- zzzmidnight, on 10/10/2007, -0/+3is 'the comming' a good thing??
- lOvOl, on 10/10/2007, -0/+3Dubai may be a center for international money laundering and black market arms deals, but then again so is Switzerland as well as Pakistan which also happens to be the global banking capital of drug money laundering.
Dubai is probably one of the friendliest nations to the United States in the middle east, outside of perhaps Israel. Even though Dubai is Muslim, it is also one of the most decadent places on earth and far more secular than religiously minded. The government doesn't even really care what your religion is or if you have a religion, just so long as you are rich.
The larger issue is not Dubai buying up our assets, but our trade policy which after years of abuse by kleptocrats at home, and foreign pillaging from abroad, we are now in such a precarious financial position that we either have to keep assets to keep our government solvent and our currency sound, or else we risk massive depreciation of the United States Dollar because what good is the United States Dollar internationally if you cannot buy anything of value from the United States itself.
And given the choices between Russian or Chinese investment and Dubai, I would be way happier to have Dubai invest in the United States than two countries, one of which or both may end up going to nuclear war with the United States in the next couple of decades. - Tabou, on 10/10/2007, -1/+4Get back to us when you learn how to tell the difference between Dubai and UAE.
- VitriolAndAngst, on 10/10/2007, -1/+4They also purchased the Carlysle Group -- must be a reward to the Bush family for services rendered. Take a guess what they are.
- cranium, on 10/10/2007, -1/+4Who are you going to vote for in November? Even the Clinton Administration had ties to the Carlyle Group. I'm getting a headache.
- erexsha, on 10/10/2007, -0/+3Make a trip to Dubai then comment against it. I am nor scared of seeing them in more power. They use their power and money in good way.
- diversionmary, on 10/10/2007, -0/+3we call 'em flyover states.
- SignorDildo, on 10/10/2007, -1/+3"...help support democracy"? You jest, surely?
Democracy only truly exists for those elite few who can afford it, but those who can afford it do not want it. Tyranny is far more adaptable and offers higher returns on investment. - Talcire, on 10/10/2007, -1/+3Dubai will likely run out of oil by 2014. THAT is why they are investing now. They are preparing for a future without oil. Tourism will be the main source of income.
- Auscifer, on 10/10/2007, -1/+3Free trade = bad?
You're ignorant. - TheMarvel, on 10/10/2007, -0/+2Dubai's gangster. If you haven't been there, you should go for a holiday.
- Rukaribe, on 10/10/2007, -2/+4I would say join Canada, but we don't want you. We'll take all the states that border the oceans I guess. You can keep those inner hickish ones though.
- ekravchenko, on 10/10/2007, -3/+5As someone before me mentioned they just bought 20% of this stock http://finapps.forbes.com/finapps/jsp/finance/comp ... They haven't actually purchased 20% of the companies listed on the NASDAQ stock exchange. So they bought 22.6 million shares worth 35.60. Big deal... I think you should be more worried about the 56% of Americans who think that the US is headed towards a recession, than this tiny purchase.
- CloakandSwagger, on 10/10/2007, -1/+3Working Link/Article: http://www.truthout.org/docs_2006/092107H.shtml
- etnu, on 10/10/2007, -1/+3Wealthy arabs investing in American businesses? OH NO!
This isn't anything new. Wealthy middle eastern families know that their oil riches are going to disappear eventually, and have been investing heavily for half a century. BFD. - mianos, on 10/10/2007, -0/+2The picture is there as a result of some blog spammer copying the article and adding his own picture. (as previously pointed out the priginal is here with no wrong picture http://www.forbes.com/feeds/ap/2007/09/20/ap413974 ...
- yodaj007, on 10/10/2007, -0/+2You're a WoW player, apparently. It's spelled "hoard" here.
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