the coming storm in dubai

On the way back from Limerick, I did two things Dubai-related. First, I wound up helping a fellow returning from Dubai find his way around the JFK AirTrain. We talked a bit about that fabled city (cue descriptions of long-vanished cities from  One Thousand and One Nights) and he mentioned that 3/4 of the world’s cranes were now there. Later, on the way back to Montclair, I picked up a copy of the Wall Street Journal’s business section that someone had left behind on the New Jersey Transit train. More on Dubai. It seems that the massive construction is coming just as the city-state’s flow of oil has started to dwindle. Moreover, in comparison to the other states around it, at least, Dubai is undertaking some fairly massive debt financing. The article, together with a debate about it at the skyscraperpage’s forum.

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