Dubai cooling (in more ways than one)
Speaking of rapidly unspooling Ponzi schemes, let’s head, hotfoot, to Dubai, the crane-enveloped entrepôt and money-launderer to a world with rather less money than it thought.
Versace, the renowned fashion house, is to create the world’s first refrigerated beach...next to the new Palazzo Versace hotel...
The beach will have a network of pipes beneath the sand containing a coolant that will absorb heat from the surface...
Obviously, the resort of choice for anybody who forgot to pack their flip-flops.
by Jonathan Leake
The [London] Sunday Times Dec. 14 2008
Tug o’ the forelock: Raj.
Funny, I was just talking with a hotelier about Dubai and its ponzi future.
He made the point that the island construction was apparently because Allah cannot see what happens on water.
Casinos anyone?
Will 60 minutes do a follow-up on their first fawning show?
Posted by: michael webster | January 12, 2009 at 15:27