Economic crisis, Dubai, elsewhere

This video says about itself:

17 November 2014

Dubai was hit hard by the global economic crisis in 2009 with major projects halted, but the emirate has since bounced back so what’s next could there be another bubble in the making?

Dubai’s default on $59 billion of foreign borrowings is more than the inevitable product of the gulf state’s property boom. It reflects the continuing fragility of the global financial system: here.

Responses from local food charities to a survey by Feeding America show that hunger has increased rapidly across the US. They paint a devastating portrait of a nation in the throes of a social crisis without parallel since the Great Depression: here.



New York: Wall Street profits soar, education and health care face the ax: here.

On October 23, International Paper announced the closure of three plants, resulting in the loss of 1,600 jobs. Most devastating is the spring 2010 closure of an enormous mill in Franklin, Virginia, which will result in 1,100 job cuts: here.

The new head of General Motors’ European division has announced the company will eliminate at least 9,000 jobs on the continent: here.

Sweden: Koenigsegg pulls out of Saab deal: here.