{"id":27562,"date":"2007-11-20T01:01:01","date_gmt":"2011-05-19T04:40:07","guid":{"rendered":""},"modified":"2011-05-19T04:40:07","modified_gmt":"2011-05-19T04:40:07","slug":"dubai_is_exploding_business_wise","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/","title":{"rendered":"Dubai is Exploding Business-Wise"},"content":{"rendered":"<section>\n<p>RUSH: &#8216;The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in US financial services firms affected by the mortgage-market crisis.\u2019 (laughing) The thing is, Dubai could wipe out the debt; they could wipe out the crisis. &#8216;DIFC Investments, one of the agencies Dubai has used to buy foreign assets, is identifying &#8216;good opportunities for acquisitions\u2019 in the United States, the governor of the Dubai International Financial Centre (DIFC) said on Monday. Asked whether the targets could include US banks such as Citigroup and Merrill Lynch, Omar bin Sulaiman told Reuters: &#8216;Without mentioning names we have a track record of taking stakes in banks, with the right partners for management. The price has to be right and the strategy has to be aligned,\u2019 he said. Asked whether it made sense to invest in banks which have taken a hit from the mortgage crisis, he said: &#8216;Yes, but we are looking at all sectors not just financial sectors.&#8221; (laughing) They\u2019re also buying into AMD, you know, which makes computer chips. So now they\u2019re going to be buying into the mortgage crisis perhaps. Now they\u2019re buying into AMD, manufactures chips. (laughing) <\/p>\n<p>We can\u2019t have the Dubai ports deal, we can\u2019t have Dubai Ports World managing some terminals in our ports, but, hey, here\u2019s your laptop, made by Dubai. (laughing) Wonder what kind of spy technology they put in there that you don\u2019t know about. (laughing) You know, seriously, what\u2019s happening in Dubai is fascinating. You remember I was telling you last week that the deal that the United Arab Emirates, Abu Dhabi and Dubai have made with Airbus, $30 billion worth of new jets with Airbus, some A350s, some A380s, Boeing got just a smidgen of the offer. One of the interesting things about that to me, the first interesting thing was that the airline business is a cyclical business and you measure your success in increments of ten years. Because of that, you have to have pretty good strategic marketing in fuel prices, what they\u2019re going to be, fuel supplies, and this sort of thing. If you\u2019re in the airline business and you\u2019re buying up new aircraft, don\u2019t you think that you have to be pretty sure that there\u2019s not going to be any problem coming up with jet A, which relies on fuel? Which, by the way, for those of you in Rio Linda, comes from oil. <\/p>\n<p>We keep hearing about the oil crunch and the oil shortage and this and that. The ChiComs are drinking it all up and in India they\u2019re going to get in the game, too, and all of this doom-and-gloom talk about energy. But the people that are in the jet business keep cranking them out and the people in the flying of the jets business keep buying \u2019em up. And they don\u2019t run on solar, and they don\u2019t run on windmills on top of the fuselage, and they don\u2019t run on little batteries like in the back of your hybrid.<\/p>\n<p>Second thing about Dubai, and this is a point that I tried to make during the whole controversy over the Dubai Ports deal, and that is, the United Arab Emirates is exploding, business-wise. It is literally exploding. Tiger Woods\u2019 first golf development project will be in Dubai, ditto Ernie Els. In addition to all of that, they are building homes, hotels, rental units, properties, they\u2019re building islands out in the Gulf on which they are building homes and hotels. It\u2019s an amazing thing to see. They\u2019re just rising out of the dust of the desert. This is an ugly desert. I flew over it. This Dubai just pops right out. This is brown. This is not gorgeous sand like you see in Lawrence of Arabia. This just looks like dirt, and the city and all of this stuff is rising out of it, and they\u2019re building it out in the Gulf. <\/p>\n<p>The last thing, the last thing they want is this little nut job in Iran getting nukes. They\u2019re making huge investments. They\u2019re becoming a financial capital of that part of the world for certain, maybe on the way to unseating Hong Kong, and maybe on the way to become a major, major financial capital. They\u2019re looking to be a vacation destination, the premiere vacation destination for people that live on that part of the planet. They\u2019re nine hours ahead of us, so right now it\u2019s coming up on 11 o\u2019clock there at night, 20 minutes to 11. But we can\u2019t have Dubai Ports World running the ports. Halliburton\u2019s gone over there, relocated their headquarters, the oil services business. I just think it\u2019s fascinating to watch, because it\u2019s what we used to be. It\u2019s what we used to be in terms of growth, in terms of &#8216;we\u2019re going to be it.\u2019 You go back and look what this country did in the Great Depression; can I just give you a list of some things we built during the Great Depression? Now, I know that we needed make-work projects because we needed to give people jobs, but we still had the capital to do it and we had the will. We built both the Golden Gate Bridge and the Bay Bridge in San Francisco, built the Hoover Dam, the Empire State Building went up a year early. All of this in the thirties in the Great Depression. <\/p>\n<p>I\u2019ve long been fascinated by the Golden Gate Bridge. I finally got to take a trip when I lived in Sacramento to the top of the South Tower because I\u2019ve always been amazed. You go to Fort Point, which is beneath the South Tower, you stand there, there\u2019s no bridge, say I\u2019m going to build a bridge here, what would I do first? I would have no clue, I\u2019m not an engineer. They didn\u2019t have the high-tech cranes and equipment to build bridges like we do today, and yet they did. In the meantime, the World Trade Center has been a hole in the ground for six years, and it\u2019s not that we can\u2019t build things anymore. Of course we can. We get all caught up in political correctness and the environmentalist liberalism basically putting a roadblock to anything new and progressive that\u2019s technologically advanced. When you see Dubai &#8212; and I know they\u2019ve got all kinds of oil money and this sort of thing, but we\u2019re not a poor country. We could have a lot more oil money than we have, if we simply would drill for &#8212; (interruption) people died during the building of the Empire State Building. Yeah, people died building the Golden Gate Bridge, too. People die building buildings. Liberals won\u2019t let things get built today because people die, because of oppressive management that will force the workers into unsafe conditions for low wages and no health care. Right, so we don\u2019t build things, or else we have an argument over who\u2019s going to be honored when we build the World Trade Center, and it turns out that the original proposal was to honor nobody, it was to rip the country for all of the indiscretions and oppressions that we have visited over minority populations. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: &#8216;The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in US financial services firms affected by the mortgage-market crisis.\u2019 (laughing) The thing is, Dubai could wipe out the debt; they could wipe out the crisis. &#8216;DIFC Investments, one of the agencies Dubai has used to [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dubai is Exploding Business-Wise  - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Dubai is Exploding Business-Wise  - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: &#8216;The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in US financial services firms affected by the mortgage-market crisis.\u2019 (laughing) The thing is, Dubai could wipe out the debt; they could wipe out the crisis. &#8216;DIFC Investments, one of the agencies Dubai has used to [&hellip;]\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/\",\"name\":\"Dubai is Exploding Business-Wise - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"datePublished\":\"2011-05-19T04:40:07+00:00\",\"dateModified\":\"2011-05-19T04:40:07+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai is Exploding Business-Wise\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/911066e449df26406b107ca78cbbde0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f18195e0073013fa0e16b040686c2924?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/admin.rushlimbaugh.com\/daily\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Dubai is Exploding Business-Wise  - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2007\/11\/20\/dubai_is_exploding_business_wise\/","twitter_card":"summary","twitter_title":"Dubai is Exploding Business-Wise  - The Rush Limbaugh Show","twitter_description":"RUSH: &#8216;The Dubai government agency that bought into Deutsche Bank this year said on Monday it was considering investing in US financial services firms affected by the mortgage-market crisis.\u2019 (laughing) The thing is, Dubai could wipe out the debt; 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