Wednesday, February 25, 2009

City watchdog promises 'banking revolution'

Financial regulators may in the future ban financial products if they are too risky or too complex, Lord Turner, chairman of the Financial Services Authority, said today.

Read this article.

TKL Blog passes 1 million visitors

My blog passes 1 million visitors on 26 February 2009, just slightly more than 2 years since the count started in February 2007.

Miami banker gives $60 million of his own to employees

A generous banker.

Palm Jumeriah, Dubai


The Palm Jumeriah is built on reclaimed land. It is a very large development shaped like a palm tree. It comprises of the trunk, crescent and many fronds. 

There are several large apartment blocks built on the trunk. Atlantis Hotel and its supporting developments is built on the crescent. The expensive villas are built on the fronds. Almost all developments have a waterfront.

The development is served by a monorail system that is connected to the Dubai Metro. It is opening in April 2009.

Atlantis is a popular attraction for the locals and tourists.  You can watch this video to get an idea of the Palm. There is a tunnel that goes under the water connecting the mainland to the Palm and from the trunk to the crescent of the Palm.