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MEGATRENDS: Dubai Is Dying
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The most notable and incredibly fashionable exception to this are the older Sikh men, who tend to opt for Ray Ban aviators or, my personal favorite, vintage wayfarers. I found that the best way to avoid attracting touts and beggars at major tourist stops was to camouflage myself in the middle of a large group of Indian tourists. I met an American PhD student who was traveling around India and he gave me what may be the single greatest bargaining tool for dealing with rapacious taxi drivers — the blank stare. I tried it numerous times, and it always went like this:.
Dubai Is Dying. And that would include Wall Street investors such as Goldman Sachs. Today, scores of buildings sit unfinished while luxury houses and apartments are unsold or empty. Dubai's overall debt load is actually 80 billion dollars which underscores the gravity of the present crisis. Last week, Sheik Mohammed demoted several prominent members of Dubai's corporate elite and replaced them with members of the ruling family, including his two sons, one of whom is his designated heir.