BANZAI7 NEWS--The Dubai government will not guarantee the liabilities of its precariously indebted Dubai World holding company, leaving creditors to face "short-term pain" that could run into the billions of dollars.
Sweden: “We are not prepared to own Saab,” Prime Minister Fredrik Reinfeldt said last week. “We are not buying a carmaker with welfare money.”
Ben Bernanke had the following comment on these developments: "These people are missing a tremendous buying opportunity!"
Warm weather is expected to delay this years ski season in Dubai.
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