Emirates Posts $1.6 Billion Profit

[nimtz]

Even if you double the wage and put me in a shiny A380, I won't live anywhere near that corrupt cesspool. If Emirates ever got foreign basing ala Cathay the ex-pats would be racing to the first Western base they could hold. Sadly for Dubai after building too many sky scrapers on debt, it's most attractive asset is Emriates.

 

[HA25]

Even if you double the wage and put me in a shiny A380, I won't live anywhere near that corrupt cesspool. If Emirates ever got foreign basing ala Cathay the ex-pats would be racing to the first Western base they could hold. Sadly for Dubai after building too many sky scrapers on debt, it's most attractive asset is Emriates.

well, I fully agree, a US base would make EK the new UPS or Fedex... but I think you're being a bit dramatic with regards to the "corruption"... Dubai is no more or no less corrupt than any other country... and certainly less corrupt than most.. Don't forget, here in the US we also have corruption, but it's in the open... in the form of Lobbies and PACs.

 

[jonjuan]

Sadly for Dubai after building too many sky scrapers on debt

Are you talking about the U.S. or Dubai?

 

[Secret Squirrel]

If it was the U.S. he would have said "they built too many entitlement programs on debt."

 

[HA25]

If it was the U.S. he would have said "they built too many entitlement programs on debt."

err... I think you mean too much military industrial complex?

 

[Secret Squirrel]

Show me the balance of the social security trust fund. Oh wait, it is a bunch of IOU's for tens of trillions of dollars that do not exist.

 

[HA25]

Show me the balance of the social security trust fund. Oh wait, it is a bunch of IOU's for tens of trillions of dollars that do not exist.

cause they were used to fund nuclear carriers, F22's and B2's...

 

[Secret Squirrel]

cause they were used to fund nuclear carriers, F22's and B2's...

So you admit all those projects are FUNDED and the entitlement projects are UNFUNDED.

 

[HA25]

So you admit all those projects are FUNDED and the entitlement projects are UNFUNDED.

of course I do, otherwise I'd be in a circular argument, like you are.

you gotta pay the military industrial complex.. they don't take IOUs...

 

[nimtz]

well, I fully agree, a US base would make EK the new UPS or Fedex... but I think you're being a bit dramatic with regards to the "corruption"... Dubai is no more or no less corrupt than any other country... and certainly less corrupt than most.. Don't forget, here in the US we also have corruption, but it's in the open... in the form of Lobbies and PACs.

You won't see me arguing the US is a 'shining city on a hill' in that and a lot of matters. That being said I prefer my world with a heavy dose of cynicism so I doubt I would fit Sheikh Mohammed bin Rashid al-Maktoum's expat profile. Dubai is still in business because of it's less cool older brother Abu Dhabi who *surprise* has more nat gas/oil revenue then they know what to do with. To each there own, but this career is not worth chasing around the world anymore especially if home is a McVilla in the desert. Probably good fun for a few years, but the next 30 no thanks.