JUST AS MANY of us were losing faith in our neighbours to the south, they reaffirmed their status as a land of freedom and opportunity with their election of the new president (“Obama,” World, Nov. 17). In fact, Obama is the first step toward saving the United States.
Amid the global financial crisis, leaders of the Gulf emirate of Dubai continued to insist that it was an oasis of prosperity. But by the weekend that oasis was looking parched: the United Arab Emirates government moved to shore up Dubai’s real estate and banking sectors by merging the two largest mortgage companies with two federally owned banks.
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