“The voice of protest, of warning, of appeal is never more needed than when the clamor of fife and drum, echoed by the press and too often by the pulpit, is bidding all men fall in and keep step and obey in silence the tyrannous word of command. Then, more than ever, it is the duty of the good citizen not to be silent.” – Charles Eliot Norton
Thursday, July 2, 2009
Dubai reigns in real estate oligarchs
An FT article on the merger of several partially state-owned real estate development firms in Dubai says the move is a "decision to merge the real estate entities . . . to break down the business empires of his [Sheikh Mohammad bin Rashid Al Maktoum] lieutenants." One can only hope that Sheikh Issa [real estate developer and part-time torture connoisseur] gets his comeuppance as part of this deal. It's a distant second to the jail term he should be serving, but it's probably all that one could hope for in a country run by a monarchy.
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