About a year ago I wrote that it was only a matter of time before Dubai sank into the sands of time and that Jakarta would disappear beneath the swamp on which it is built.Two news items this week clearly demonstrate that Jakartass brings you the unblemished truth before anyone else.
The only industry of Dubai for the past decade or so has been building Dubai as a haven for the rich. All work has halted because it is bankrupt, owing $80 billion.
40% of West Jakarta lies below sea level yet the municipality doesn't have enough pumps.
Dubai owes money to the banks and West Jakarta, presumably, has no budget sense - or, if it has, the pump priming fund has found its way elsewhere.
Who was it who first said that money slips through fingers like sand?
