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Dubai Is Building a Refrigerated Beach
dataxtream writes "The world's first refrigerated beach is to be built at a luxury hotel in Dubai, located along the southern coast of the Persian Gulf. The beach will include heat-absorbing pipes under the sand along with large wind blowers, which will keep tourists cool and guard their feet against the hot sand. Half of me says these guys need a reality check, the other half wants to go there." I believe I've just thought of a way we could solve this whole global warming thing I've been hearing about.
Well, I'd guess that this is a man made beach with strict engineering and erosion control.
Also, I've lived in Victoria BC Canada for most of my life and our beaches barely change at all. So all beaches are not like Daytona.
shhhh. You'll pop their bubble. Ooops. Too late.
For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
Dubai is not a country. It's either an emirate or a city (and judging from context it is a city here). Country is United Arab Emirates which does not really qualify for being called "small country".
The world is in a global economic depression because everyone's too worried about the global economic depression to spend enough money to pick the economy back up. If you've got the money to spend on something that takes an enormous amount of labour it will be a great thing for the economy as the extra cash circulating will boost everyone's confidence to spend their own. Plus, if you ever wanted to have something like this built, now is the time.
The world is in a global economic depression because the wealthiest nations have all adopted a centralized banking system like the USA's Federal Reserve. This system, inherently and by design, has more debt than currency in circulation to pay that debt because interest (the "prime rate") is attached to money the moment it is created.
Let's say that the Federal Reserve has just been set up. There is currently no money in circulation so the first money is created. The prime rate (to make up a nice workable number) is 5%. Let's say the Fed creates ten billion dollars. The Fed gives the USA Government ten billion dollars. In exchange, the USA Government gives the Fed government bonds (a promise to pay back) worth $10,500,000,000 (the original ten billion plus the 5% interest). Now you have money in circulation. Except now you have a problem because there is only ten billion dollars in your entire economy and there is ten billion five-hundred million dollars in debt. The only thing you can do is keep borrowing more money (also at interest) to pay down the interest, and to borrow yet more to pay down the interest from that, ad nauseum. What you have is a downwardly-spiraling cycle of debt. Debt, the only form of slavery that's still legal. What's funny about this is that even if you could pay off all debt (and under this system, you can't), the result would be no more money in circulation!
To say that inflation is built into this system does not even begin to scratch the surface. You have more debt than you have dollars in circulation, and the dollars effectively represent debt and not wealth. That excess debt doesn't just go away. Someone ends up holding that debt. These are your bankruptcies and foreclosures and your bailouts. Bad decision-making causes many of these, but with this system they must exist no matter what and furthermore, they must get worse because it's a debt cycle. So, decision-making merely decides who winds up with this debt. And what is the result of debt and bankruptcy? The result is that the banks foreclose and become the owners of actual wealth (as opposed to fiat currency) like real estate.
That's why the debates about whether to bail out The Big Three are phony. The debate about whether efforts to give credit to people with poor credit histories caused the mortgage crisis (during which less than 5% of buyers defaulted) is also immaterial even if every point raised is valid. The system is inherently broken, no amount of tinkering will fix it, and it's not like the media is going to point this out even though this fact can be known by anyone who cares to study the Federal Reserve and fractional reserve banking.
I hope people understand why the Founding Fathers considered centralized banks to be more dangerous than standing armies or why Nathan Rothschild said "Let me issue and control a nationâ(TM)s currency and I care not who makes its laws.â Maybe you also see how the media is not your friend; they will maintain the illusion of lively debate but always in a way that can't possibly change anything because it's completely irrelevant and doesn't address the actual problem. How many examples of that do you need to see before you start thinking that maybe it isn't an accident?
It is a miracle that curiosity survives formal education. - Einstein
Apart from the data-charges (which are *lethal*), the office that I have in Dubai is more highly paid for the 8 people there than the 16 (including a CEO) in the Australian office.
Just a note, didn't really have anything to say but thought the "slave wages" was a bit of a stretch. At least for my set of foreign workers.
Me failed English...
FreeBSD over Linux. If my comments seem odd, this may explain...
He's not talking about white collar professionals...he's talking about people from the Indian subcontinent and other poor regions that are used for manual labor (e.g. construction). I lived in the region for almost a decade, and it was shameful to see the way those people were treated, as if they were subhuman. Granted they make more than they would in their home country, but their quality of life is so low, especially in contrast with the insane amount of wealth and waste there. Even worse than their standard of living was the way they were treated by the indigenous Arab people. To give you a better context, if you've seen the movie "Syriana", the way migrant workers are treated is extremely realistic.
Lots of bad guys in the UAE and more specifically in Dubai. Lots of good guys too. However the area (both Dubai and Abu Dabi) is a financial centre for the bad guys. They will not do anything to jeopardize that as they know the instant they raise trouble they will lose that privilege.
So, in the end everyone is looking at each other in the white of the eyes, restraining themselves (and just collecting Int).
Actually quite safe for a middle eastern country as long as you do not try to stick out like a sore thumb.
"The avalanche has already started. It's too late for the pebbles to vote." - Kosh