Name that tax the “Bush Iraq Debt” tax, and use every penny from that tax to pay down the portion of the national debt that was created by Bush’s war (with a built-in “self destruct” feature that makes the tax expire once Bush’s war has …
Dubai Jitters Infect Debt of Sovereign Spendthrifts : THE TEMASEK …
The Dubai government roiled markets this week with its move to delay debt payments owed by its flagship holding company, Dubai World. The company is stressed by tens of billions in debt that funded spending on glitzy real-estate …
Dubai debt fallout puts stocks into slide – Norwalk News – The …
Concerns that a government-backed investment company risked defaulting on $60 billion in debt ripped through world markets and served as a reminder of how fragile the financial system remains a year after it nearly collapsed. …
Investors.com – Republic Of Debt
After all, Dubai’s total debt of $60 billion or so is but a rounding error on the U.S. deficit of $1.4 trillion in fiscal 2009. Yet world markets plunged sharply when Dubai announced that its debt-fueled building boom had left it unable …
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