Here is another one for the Schedenfreud file from Boing Boing.
Short of opening a Radio Shack in an Amish town, Dubai is the world’s worst business idea, and there isn’t even any oil. Imagine proposing to build Vegas in a place where sex and drugs and rock and roll are an anathema. This is effectively the proposition that created Dubai – it was a stupid idea before the crash, and now it is dangerous.
If you found hearing about Dubai’s implosion depressing, here is 18 seconds of giggles.