Monday, January 19, 2009

Recession Realities



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Not so long go at the grand opening of Atlantis over 4000 lobsters were served and there were major fireworks that illuminated the Dubai sky. Today over 4000 cars have been found abandoned near or at the airport and incomplete projects all over the place cast a shadow over the Dubai skyline.


Bosses were called ‘men with perks’ and today they are just ‘jerks’ who seem to be laying off people before you can even say ‘the bubble burst’. Doctors are doing great business, pharmaceutical companies are working in overdrive and the sale of chocolates has gone up manifold. This augments the theory that recession makes people fatter. But that’s just one thing that moving upward. You can add rent to that list and bill collectors too. Concurrently there are hordes of factors going the other way.


Hair lines are receding, budgets get smaller, sponsors disappear, manners and etiquette’s vanish, competitors shrink and increments seem like extinct creatures that were wiped off the face of the earth. Financial markets have plummeted, advertising budgets became skeletal, training has nose dived and not yet surfaced, benefits have been retracted and the doors to people hearts seem to have closed.


And yet Dubai stands tall. If you have any doubts go to the terrace of your building or villa and you will see the Burj still standing.

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