Archive for the ‘global economy’ Category

20 Feb, 2009

Dubai luxury so over for now

Posted by: Marian Salzman In: Dubai| global economy

Dubai is not having a good week. The city with a grandiose reputation is not only reeling—like the rest of us—from the economic crisis, it’s become a symbol for all that led us here … the extravagance and indulgence. Vogue editor in chief Anna Wintour called it out this week as a synonym for excess, [...]

“Reboot.” By the end of last year it had become a buzzword, and it’s time to admit that the rescue until now hasn’t produced much. We’ve got to bite the bullet, and try to reboot. Here is one columnist’s opinion, just published in the U.K. Telegraph. Food for thought on the dire circumstances before us [...]