Dubai World Crisis

The Dubai World's debt crisis subsides in the international market since the news brokeout on last Friday. I have been doing some research on the web in order to better understand the whole situation and actually who does Dubai govenment owes.

The more I read, the more I realise this is a web of complexities. It seems that the Dubai government has been hiding many unfavorable news from investors, refueses to sell the assests at a cheap price. Leading countries such as US, is reluctant to give out a helping hand.

Although the market has gained a rebound yesterday after an impact accessment has been made on this crisis, this doesn't mean Dubai's meltdown will cease, it is only reflecting the influence to the rest of the world.

Such a cynical world!

Shanghai Disneyland

The initial size of the Shanghai Disneyland has been unveiled yesterday and out of everyone's surprise, it is only about the same size of the theme park in Hong Kong (116 hectares vs ~126 hectares), thus putting us on an equal footing. But of course, this is only the size to begin with, Disney surely will do whatever it takes to squeeze the dollar from the Chinese pockets by gradually expands the park area.

Attempting to clear Hong Konger's worries, the chairman of Hong Kong Association of Travel Agents listed several so called advantages over the Shanghai theme park.

"It will have some advantages over Shanghai as its park will not open until 2014."

May I ask what sort of advantage would this be? that we can make money for another few more years until the Shanghal park is opened?

New owner of MJ’s Moonwalk gloves

Michael Jackon’s iconic white gloves that he wore during his first performace of moonwalk have been successfully acquired by a Hong Kong hotelier at HK3.3 million. Including the gloves, totally ten pieces of MJ collections had been bid by the same person and these are going to be displayed at the MJ Gallery.

As comment by the new owner, the HK$3.3 million is a real bargain, he expected to pay more. Let’s take a minute to imagine the total population in this world that is striving for only one full meal, but how many starving child can a pair of leather gloves feed?