Sunday, November 29, 2009

PBS Newshour: Dubai's Plan to Postpone Paying Debt Shakes World Economy

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PBS Newshour Nov. 27, 2009--Dubai's Plan to Postpone Paying Debt Shakes World Economy:

JUDY WOODRUFF: World markets were thrown into turmoil today on news of financial trouble in the Persian Gulf city-state of Dubai. Dubai announced that it planned to put off repaying almost $60 billion dollars in debt owed to international banks.

That led to big losses in Asia, worries in Europe, and a rough day for stocks on Wall Street. TheSource: Crooks and Liars RSS Feed

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