Sponsored Links

Support Controlled Greed.com Today


Your email address:

Powered by FeedBlitz


  • < ? Market Blogs £ >

March 2007

Sun Mon Tue Wed Thu Fri Sat
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

Stock Market Blogs

  • 10Q Detective
  • AAO Weblog
  • Alchemy Of Trading
  • AnumatiNews
  • Bankstocks.com
  • Between the Hedges
  • Big Picture
  • Bill Cara
  • Bill Rempel, a.k.a. NO DooDahs!
  • Buffett Blog
  • Buffetteer.com
  • Burnham's Beat
  • CANSLIM Investing
  • CXOAG Investing Notes
  • Capital Chronicle
  • Cheap Stocks
  • China Net Investor
  • China Stock Blog
  • Dividend Stock News
  • ETF Investor
  • EuroTelcoblog
  • Fat Pitch Financials
  • Footnoted.org
  • Gannon On Investing
  • Graham Investor
  • Hedge Fund Reader
  • Herb Greenberg
  • Infectious Greed
  • Internet Stock Blog
  • InvestorGeeks
  • Jeff Matthews Is Not Making This Up
  • Kirk Report
  • Lloyd's Investment Blog
  • MaoXian
  • Media Stock Blog
  • ModernGraham.com
  • Monty's Bluff
  • Online Trading
  • Peridot Capitalist
  • Permanent Value
  • PhatInvestor
  • Random Roger's Big Picture
  • Raw Greed
  • Real Returns
  • Roberto's NasdaqTrader
  • Rocks and Boulders
  • Rule #1 Blog: Phil Town on Investing
  • Seeking Alpha
  • Stock Picks Bob's Advice
  • StockBlogs.com
  • Stockcoach's Corner
  • TaylorTree
  • Technically Speaking
  • Ticker Sense
  • Trader Mike
  • Trader-X
  • Trading Diary
  • VInvesting.com
  • Vitaliy’s Contrarian Edge
  • Wealthcast Blog

Additional Blogs

  • Capital Spectator
  • Chicago Boyz
  • DealBreaker.com
  • EconoPundit
  • EllisBlog
  • Free Money Finance
  • Howard Lindzon
  • Mises Economics Blog
  • Samuel Brittan
  • StockDigg
  • Techdirt
  • TheCorporateCounsel.net
  • Under The Counter
  • What A World!

Financial Media

  • Australian Financial Review
  • Barron's
  • Bloomberg
  • Breakingviews
  • Economist
  • Financial Times
  • Forbes
  • Google Finance
  • Grant's Interest Rate Observer
  • International Herald Tribune
  • Kiplinger's Personal Finance
  • Privateer
  • Reuters
  • Schiff's Insurance Observer
  • Wall Street Journal
  • Yahoo! Finance

« Citigroup Raises Nikko Bid by 26% | Main | Nothing Fancy with Portfolio Cash »

March 14, 2007

Dubai Inc. and the Parliament of Whores

I don't blame you for thinking Controlled Greed.com has become "All Nikko All The Time." But I have been watching other developments. Though I haven't been doing any buying.

I have never owned Halliburton stock. So my interest in the news that the company is moving its headquarters from Houston to Dubai can be filed under "keeping up with current events." It's shameful how American politicians use episodes like this to pontificate, pander and generally show their ignorance.

Shameful, but not surprising.

Actually, if they were all pandering it wouldn't be nearly as bad. But the staggering degree of ignorance in business and financial matters displayed by members of Congress is embarrassing.

Anyone who has suffered through televised hearings of these jackals questioning Fed Chairmen knows what I mean. With few exceptions, these politicians act as though the job of the Federal Reserve is to make economic life (and all of life perhaps) pain free for the masses. Or at least their constituents.

Back to Dubai. As yesterday's Daily Telegraph reported:

Unlike its austere and richer neighbours, Dubai is running out of oil (now just 5pc of GDP). It has had to reinvent itself as the "City of London" of the energy world, hoping that some of the $480bn (£249bn) in petrodollar surpluses will stick as it passes through.

The Maktoum dynasty, tearing down barriers, has created a global melting pot out of almost nothing, where Persians, Australians, Indians, and Palestinians, and 100,000 Britons, make up more than 85pc of the 1.2m population. To lure investors, the Dubai International Financial Centre has become a sort of mini-state. Legally, it is a corner of the City of London, presided over by a British justice, Sir Anthony Evans, under English common law.

Presided over by a British justice, under English common law. You'll never hear that from most of the blowhards and windbags in the halls of Congress. They're too busy preening in front of cameras and what have you. They should be lining up to get face time on camera saluting Dubai for transforming itself into the City of London of the Middle East. Or the Singapore of the Middle East. Or Hong Kong. You get the idea.

P.J. O'Rourke was right. Congress is a Parliament of Whores.


TrackBack URL for this entry:

Listed below are links to weblogs that reference Dubai Inc. and the Parliament of Whores:


I could not agree more with your opinion. The reality is that Dubai is trying to become a "real" country (whatever that means). It is trying to go beyond the boundaries, and is a fairly liberal country. People should not associate Dubai to places like Iran because they are not the same thing.

Christian, Dubai is not a country. Dubai is a region in a country called the UAE (United Arab Emirates).

Post a comment

If you have a TypeKey or TypePad account, please Sign In


Sponsored By

Current Holdings

Search This Site

Essential Reading


  • All information posted on this web site has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Under no circumstances is this an offer to sell or a solicitation to buy securities discussed on this site. Past performance is no guarantee of future success. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. CONTROLLED GREED.com, its editor and/or related parties have positions in companies discussed. All data, information and opinions are subject to change without notice.