I have to disagree with this. Wasting national resources on weapons of mass destruction, armies, and ill-advised invasions of other countries is a sign of weakness, not of strength.
yep, if it weren't for us bloody thirsty dumb Americans, French women would wake up each moring the sound of "Guten Morgan, Fräulein"
Companies based in Dubai and Bahrain might take advantage of low dollar exchange rates and low real estate prices to buy properties in the USA, United Kingdom and Europe. http://www.iht.com/articles/2007/11/25/bloomberg/bxdubai.php DUBAI: Nakheel, the Dubai company that is the developer of the world's biggest constructed islands, has said it will buy British real estate investment funds and start a real estate investment trust, or REIT, as it expands into property asset management. "U.K. REITs are trading at a 30 percent to 40 percent discount now and that's a huge opportunity," the chief financial officer of Nakheel, Kar Tung Quek, said Sunday. "There's no REIT market in Dubai yet, so we'll be looking to build an international portfolio." Nakheel plans to start its first $700 million REIT in the first or second quarter of 2008. The company will put homes from its Gardens and International City projects in Dubai into the trust, Quek said. The trust will probably sell shares in Dubai and Singapore, he said. State-owned Nakheel, which has $30 billion of projects under way in Dubai, is seeking to diversify its sources of income away from domestic construction projects by expanding overseas and into fund management. The company, a unit of Dubai World, has about $7 billion of assets for its fund venture and will acquire more in January when it takes control of another Dubai World company, Istithmar Real Estate, Quek said. The British benchmark FTSE all-share real estate index has slumped 38 percent this year on falling commercial property values, higher borrowing costs and stricter controls on credit. Dubai properties yield as much as 12 percent to investors, more than double the yield in Singapore, Quek said. Listing Nakheel's first REIT in Singapore would allow the company to take advantage of that city state's experience in trading land trusts and the "low cost of funding" in Singapore, he said. Since it was founded in 2003, Istithmar has bought several New York City properties, including hotels. In November 2006 it bought the Adelphi building in London for $567 million as part of a plan to capitalize on surging demand for hotel rooms and office space in major Western cities.
Would you ever borrow money on interest and just give it away? Sounds like this country has some strange ideas of living and working with other countries. Oh but I forgot. It is because america is so benevolent that they love to give money they do not have. If you were the shareholder of a company, and the ceo you voted in decided to make a debt offering, just to give it away, not to shareholders but to other companies, what would you do? If you stand and watch and do absolutely nothing, do you deserve to own shares in that particular company? p
I like your films. Maybe if we showed things like this in school perhaps we would be more cheerful. <embed style="width:400px; height:326px;" id="VideoPlayback" type="application/x-shockwave-flash" src="http://video.google.com/googleplayer.swf?docId=2976945051371832639&hl=en" flashvars=""> </embed>
Yep. The US is pretty much in the same situation as many recent home "owners" who are underwater with their mortgages.