You are hereArchive - Nov 28, 2009

Archive - Nov 28, 2009

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Dubai has 59-billion debt; endless sun, but no solar panels. What kind of modernity?

the city-state Dubai

(quote)

*update*
October 2, 2019 DUBAI (Reuters) - Dubai continues to service its debt and is ready to take on more if needed, an economic official said on Wednesday, adding that current debt was $124 billion.
June 02, 2016 Dubai plans world's largest solar project

"This came as a big shock" – that Dubai is in debt by 59 billion and might not be able to pay its bills sent a wave of uncertainty rippling through markets just as investors thought the worst of the global financial instability was over. Once, Dubai was "like the new beacon for all the world's money" [HOME, the 2009 documentary]... "Dubai has endless sun, but no solar panels. It is the totem of total modernity that never fails to amaze the world. Nothing seems further removed from nature than Dubai, although nothing depends on nature more than Dubai. Dubai is a sort of culmination of the western model - we haven't understood that we're depleting what nature provides."

the four towers, ranging from 54 to 97 floors, are clustered to form a choreographed sculpture

2009 Docu- mentary Film: HOME read more »

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