Analysis: Dubai scare reveals world's shaky recovery:

12/1/2009 | TIME (subscription required)

The financial problems of government-owned Dubai World show the world has not completely emerged from crisis. Some experts said the company's request for a six-month debt standstill is nothing more than another real estate bust. "I don't see what the big deal is," wrote Willem Buiter, an economist at the London School of Economics and Political Science. But news of the request sent currency traders scrambling for the security of the U.S. dollar, while share prices in Asia and the U.S. took hits.

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