Malaysian Insider: Dubai debt woes may hit US property market

Malaysian Insider: Dubai debt woes may hit US property market

NEW YORK, Nov 28 — Dubai’s debt woes could further unhinge an already fragile US commercial real estate, as it illustrates the importance of that tiny country to global investors in an increasingly interconnected world.

A state-owned investment conglomerate Dubai World, with US$59 billion (RM200 billion) of liabilities, set off a global stock market selloff this week after it said it wants to restructure its debt, including at its property subsidiary Nakheel.

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Malaysian Insider: Banks, world leaders play down Dubai debt threat

Malaysian Insider: Banks, world leaders play down Dubai debt threat

LONDON, Nov 28 — World leaders expressed confidence in the global economic recovery yesterday despite fears about a debt default by Gulf emirate Dubai, while major banks played down their exposure to the debt.

Stocks from Tokyo to New York were haunted by concern that banks were exposed to state companies in Dubai, whose rise from a desert backwater into the business hub of the world’s top oil exporting area lured expatriate cash and executives.

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Reuters:Videogames find ways to help real CSI solve crimes

RALEIGH, North Carolina (Reuters) – In hit TV crime drama show “C.S.I.: Crime Scene Investigation,” and its two spin-offs, the criminologists use the latest technology to solve grisly murders and other crimes.

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Malaysiakini: The three dangers of GST

Malaysiakini: The three dangers of GST

I refer to the Malaysiakini report Gov’t to impose 4% goods and services tax.

 Three things to beware of GST:

1. What GST is to Prime Minister Najib Abdul Razak may just turn out to be what the petrol pump price hikes were to Abdullah Ahamd Badawi.

Pakatan Rakyat would then be very happy for this GST to be introduced.

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Read these articles about Burma in Asia Sentinal

Read these articles about Burma in Asia Sentinal

 Politics

Obama Engages with Burma

 Our Correspondent 2009-11-09

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Tiger Woods hurt in car crash, released from hospital

Tiger Woods hurt in car crash, released from hospital

MIAMI, Nov 28 — Tiger Woods (left), the world’s best golfer and a leading force in sports marketing, was hurt in a car accident in Florida yesterday but was released from a hospital in good condition after treatment.

Woods, 33, who made a triumphant return to professional golf this year after missing much of last season following reconstructive knee surgery, was in a “minor” car crash, his office said.

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