This tower is pretty rad.

http://online.wsj.com/article/SB10001424052748703580904574638111667658806.html?mod=WSJ_hpp_LEFTTopStories

This is also same tower, in which the funding of it nearly sent another wave of defaulted security through bankers and investors that lent them money.

But economic and financial aside, pretty nice tower, eh? I also saw it on a TV show when they was still building it. It was unreal.

do you spend your time on the internet searching for stuff like this?

do you spend your time on the internet searching for stuff like this?

No, as a person who is majoring in accounting and minoring in finance, I must keep up with current economic news. The Wall Street Journal is pretty decent source.

I don't search anything, I just read what I'm given and educate myself.

This was on the TV news this morning.  Doesn't take much "searching" when it hits you in the face!  ;D

haha yeah i knew you were into accounting and figured thats how you found this. i was being a smart ***

Amazing what criminals get away with.

Amazing what criminals get away with.

How is this relevant? Dubai, United Arab Emirate is only place in Middle East I would visit...

To get back on topic, one of reason why the tower is shape like that was for wind reason. The wind circles around building and go upward. instead of strong wind pushing against the building it circles around it and go back up. Pretty amazing engineer feat.

Amazing what criminals get away with.

How is this relevant? Dubai, United Arab Emirate is only place in Middle East I would visit...

To get back on topic, one of reason why the tower is shape like that was for wind reason. The wind circles around building and go upward. instead of strong wind pushing against the building it circles around it and go back up. Pretty amazing engineer feat.

Money launderers heaven. You would be pretty amazed at how much dirty money is there.

But it is a cool looking building. 

i just saw a little thing on the news... said it could take a plane crash, and there are some refuge rooms that are like fire proof and have their own air supply or something, i wasn't paying much attention.

Amazing what criminals get away with.

How is this relevant? Dubai, United Arab Emirate is only place in Middle East I would visit...

To get back on topic, one of reason why the tower is shape like that was for wind reason. The wind circles around building and go upward. instead of strong wind pushing against the building it circles around it and go back up. Pretty amazing engineer feat.

Money launderers heaven. You would be pretty amazed at how much dirty money is there.

But it is a cool looking building.

So is Switzerland and Cayman Island and pretty much any banks or investment in foreign countries if you are smart enough. Who cares.

The building itself was primarily funded by bonds and clean money. 

i just saw a little thing on the news... said it could take a plane crash, and there are some refuge rooms that are like fire proof and have their own air supply or something, i wasn't paying much attention.

Isn't that what they said about the World Trade Center...?

i just saw a little thing on the news... said it could take a plane crash, and there are some refuge rooms that are like fire proof and have their own air supply or something, i wasn't paying much attention.

Isn't that what they said about the World Trade Center...?

Yes, but not a jet as large as a 767.

Dubai seems cool and I would like to see it, but I wish a city like this had been built in a place such as the United States, Austrailia, Western Europe, Canada, not in the desert in a Muslim country that a large portion of their public hate the US (but our governments like each other because of our oil relations {Same as Saudi Arabia}), not to mention its in a desert. We already have Vegas.

Dubai seems cool and I would like to see it, but I wish a city like this had been built in a place such as the United States, Austrailia, Western Europe, Canada, not in the desert in a Muslim country that a large portion of their public hate the US (but our governments like each other because of our oil relations {Same as Saudi Arabia}), not to mention its in a desert. We already have Vegas.

Lot of American's companies have office in Dubai. There are white Americans working in Dubai and walking around in public. Lot of Americans have visit Dubai without fear of being killed. Lot of businesses has boom in Dubai that not related to the oil industry, even turf grass. During housing boom lot of houses that were built in suburban area have turf grass instead of sand in their yard. ;D. My economic professor mention Dubai once or twice as an example while giving a lecture.

Dubai is circling the drain. Talk about over-leveraged. Reminds me a lot of, well, here.

Reminds me of that commercial..."I'm a member at the local golf club, have a brand new house, lawnmower, a couple cars, etc. How did I do it? I'm in debt up to my eyeballs!"

Dubai seems cool and I would like to see it, but I wish a city like this had been built in a place such as the United States, Austrailia, Western Europe, Canada, not in the desert in a Muslim country that a large portion of their public hate the US (but our governments like each other because of our oil relations {Same as Saudi Arabia}), not to mention its in a desert. We already have Vegas.

The UAE is one of the friendlier countries in the Middle East, but yeah, they do still practice sharia

Dubai is circling the drain. Talk about over-leveraged. Reminds me a lot of, well, here.

Reminds me of that commercial..."I'm a member at the local golf club, have a brand new house, lawnmower, a couple cars, etc. How did I do it? I'm in debt up to my eyeballs!"

The real problem with being in debt up to one's eyeballs is, when you go do, you drag others down with you. And not just reckless creditors and lenders. I.e., the current economic crisis.

p.s., this rant is not directed at you Tokyo.

Dubai is circling the drain. Talk about over-leveraged. Reminds me a lot of, well, here.

Reminds me of that commercial..."I'm a member at the local golf club, have a brand new house, lawnmower, a couple cars, etc. How did I do it? I'm in debt up to my eyeballs!"

The real problem with being in debt up to one's eyeballs is, when you go do, you drag others down with you. And not just reckless creditors and lenders. I.e., the current economic crisis.

p.s., this rant is not directed at you Tokyo.

Credit is the lifeblood of the economy. Borrowing isn't bad, unless you borrow more than you can make. Eh, screw it, I've beaten this horse enough. 

I'm still in marvel over the tower. 900 residence, plus hotel, swimming pools, and restaurant. it an awesome engineer feat. I watch a show about how they was building it and it was pretty amazing. IMO.

The funny thing is, the reason they are having these problems is because they have abandoned their own banking practices and started using the rest of the world's.