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Handout #: Dubai
Rush Transcript (Unofficial)
[This is an unofficial rush transcript of the Minutes episode on Sheikh Mohammed. The CBS News website has an official, if somewhat abridged, transcript of the same episode.]
. “The engine that could” Dubai is a tiny sheikhdom nestled along the Persian Gulf off on the eastern edge of the Arabian peninsula, and part of a tiny oil-rich country called the United Arab Emirates. Over the course of just a few decades, it’s transformed itself from a spit of sand about the size of Rhode Island into the Singapore of the Middle East. It’s a political, economic, and financial success story in a region torn by conflict, and it’s all the vision of one man—Sheikh Mohammed bin Rashid Al Maktoum. He rarely gives interviews, but you’re about to meet him and get his tour of one of the fastest growing places on earth. No matter how many articles you read or how many pictures you see, they don’t quite capture the enormity and the energy of Dubai. It is a physical manifestation of Arab oil wealth set in concrete, ballast , and steel, a place so rich and ambitious that it is changing the geography of the world, as a business center, transportation hub, and tourist destination, a twenty-first century city at the crossroads of the new world. Skyscrapers rise in clusters, man-made islands rise from the sea, and entire neighborhoods with hundreds of office buildings and apartments rise from the sand. And it is all the vision of one man, Sheikh Mohammed bin Rashid Al Maktoum. S. M.: This is where we’re standing now. All that was nothing in . (?) . January . (Seven years ago?) Yes. This was desert, and look now, what you see. What you see now has been called the largest construction site on earth, with half a million laborers working on a reported three hundred billion dollars worth of projects, building Sheikh Mohammed’s dream of a modern, efficient, and tolerant Arab city, with fine restaurants and a vibrant nightlife, both the playground and the business capital of a new Middle East. KROFT: What are you trying to do here? What do you want this place to be? (alternatively, sheikdom) is a geographical area or a society (usually tribal), that is ruled by a sheikh. Sheikhdoms exist almost exclusively within Arab countries, particularly in the Arabian Peninsula. . gravel, broken stone, slag, etc., placed between and under the ties of a railroad to give stability, provide drainage, and distribute loads. Also, shaikh, sheik. (in Islamic countries) the patriarch of a tribe or family; chief: a term of polite address.
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S.M.: I want it to be number one, not in the region, but in the world. KROFT: What do you mean, number one in the world? S.M.: In everything. Higher education, health, housing. Just making [giving] my people the highest way of living. KROFT: At fifty-seven years old, he is one of the richest people in the world, a member of the Maktoum family, which has ruled here for nearly two centuries. He’s a former air force pilot and an avid horseman who competes in cross-country endurance races, and is one of the largest breeders of thoroughbred race horses in the world. By Western standards his marital situation is a little complicated. He’s married to Princess Haya, the daughter of the late King Hussein of Jordan, but he also has another wife who is rarely seen in public. He is frequently described as a workaholic, and as we found one morning, always in motion. S.M.: I’m just doing my normal thing, which is, you know, . . . KROFT: You like to stay on your feet? S.M.: Yeah. KROFT: Where’s your security detail ? S.M.: I don’t have security. KROFT: You just walk around by yourself? S.M.: Yeah. He’s famous for dropping in unannounced at construction sites and government offices to see how things are going. S.M.: We’ll get in this car. This is my car. KROFT: Fine. S.M.: I’ll drive. KROFT: Ok. He uses his cars as mobile offices. KROFT: So you travel by yourself all the time? S.M.: Most of the time I travel [by] myself, yes. It seemed almost everyone in Dubai knew the car and who is driving. S.M.: But you see the whole area growing, growing here. There’s a little bit of Donald Trump in him, at least when it comes to showmanship. enthusiastic; ardent; dedicated; keen: an avid moviegoer. Military. a. an appointment or assignment, as of a small group or an officer, for a special task. b. the party or person so selected: the kitchen detail. . to make an unexpected or unannounced stop at a place; pay an informal visit or call (usually fol. by in, by, or over): Since we’re in the neighborhood, why don’t we drop in at my brother’s? .
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S.M.: You know this building up there? That strange-looking building on the left is one the world’s tallest indoors ski slopes. Outside it may be a hundred and twenty [degrees], but inside it feels like the Alps. [On loudspeaker:] They’re set and ready to run! Then there’s the Dubai World Cup, showcasing the fastest horses in the world, running for the largest purse , not to mention the most luxurious and expensive hotel in the world, the Burj Al Arab, where the cheapest room is two thousand dollars a night. KROFT: Why do you want everything to be the biggest, the tallest? S.M.: Steve, why not? Why not? If you can have everything in New York, why can’t we have it here? KROFT: Why are you in such a hurry? Most people would try and do all of this in a lifetime, not in five years. S.M.: I want my people to live [a] better life now, to go to high school now, or to the good health care now. Not after twenty years.
. Dubai’s transformation His people—the descendants of Bedouin tribesmen, pearl divers and traders—now make up a small fraction of the population here. They enjoy one of the highest standards of living in the world, with free healthcare and college tuition and no taxes. The rest of the population are foreigners—European, Indian, Russian, Iranian, and Saudi, and they’re coming at the rate of twenty-five thousand every month. Developers, architects, middle managers, domestics and bell-boys, all united by a common goal—to make money. MAKHOUL: People can smell the opportunity, and they go for it . Georges Makhoul is president of Middle East operations for Morgan Stanley, and he believes that Dubai has the perfect business environment for multinational corporations. It is strategically located halfway between the financial capitals of London and Singapore, there are a billion and a half people within a three-hour plane flight, and it is the perfect jumping-off point to tap into the emerging market of South Asia. KROFT: So essentially what’s happened is that Sheikh Mohammed and the Maktoum family were a sum of money offered as a prize or reward. . a hired household servant. . go for it, Informal. to pursue a goal with determination. . tap into, Informal. to gain access to; become friendly with: The candidate tapped into some wealthy supporters. .
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able to convince people to come and invest money there. MAKHOUL: Well, they articulated a very good case for investing in Dubai, and I think they jumpstarted that with some of their own investments. The initial investment was made by Sheikh Mohammed’s father, who decided to dredge a coastal waterway called the Creek, which had been the center of Dubai’s commercial activity for centuries. It was the beginning of what would become one of the largest ports in the world, and a major trans-shipment point for goods headed to and from Asia. Next, Sheikh Mohammed came up with the idea of turning Dubai into an international center for finance and media. He set up a series of free-trade zones, promising no taxes, minimal regulation, and special incentives to corporations willing to locate here. And he began building it all, convinced they would come. And they have. DR. SULAIMAN: It’s an amazing experiment where . . . Dr. Omar Bin Sulaiman is the governor of Dubai’s financial district. DR. SULAIMAN: Everything is done with risks, but calculated risks. Since it opened two years ago, the Dubai international finance center has attracted banks, investment firms, and capital from around the world. DR. SULAIMAN: And to facilitate that for them . . . And according to Dr. Sulaiman, it’s the beginning of what will eventually be a city within a city. KROFT: So what is this gonna look like in five years? DR. SULAIMAN: Five years from now you’re gonna see towers on your right, towers on your left, you’re gonna see a kilometer-and-a-half garden, where you can exercise, and if you’re bored of that, you can go underneath it for a kilo-and-a-half shopping mall. KROFT: Kilo-and-a-half—that’s more than a mile. DR. SULAIMAN: Yes. And it is not the largest shopping center in the world because that’s next door. Next door is the Burj Dubai development, where the largest shopping center in the world is under construction at the base of what will become the world’s tallest building. It’s being built by Emaar Properties, by some measure the world’s largest real estate developer. It is one-third owned by a stated argument used to support a viewpoint: He presented a strong case against the proposed law. . start or re-start vigorously; “The Secretary of State intends to jumpstart the Middle East Peace Process” . to clear out with a dredge; remove sand, silt, mud, etc., from the bottom of. . something that incites or tends to incite to action or greater effort, as a reward offered for increased productivity. –verb (used without object) . to establish one’s business or residence in a place; settle. .
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Sheikh Mohammed and the Dubai government, which has a financial stake in almost all of the development here. ALABBAR: Welcome to the site, Steve. KROFT: Thank you. Emaar’s chairman, Mohamed Alabbar, took us up to what was then the top, past what will be the first Giorgio Armani hotel, and floor after floor of million-dollar apartments. It was already nearly a half a mile high, and when it is finished, it will be twice as tall as the Empire State Building. And Alabbar isn’t worried about finding tenants with deep pockets . ALABBAR: We are about eighty-five percent sold. We sold one point one billion US [dollars] in two nights, which is really amazing. Alabbar was educated in the United States, and is one of Sheikh Mohammed’s young “lions”, protégés handpicked by the sheikh to run his largest enterprises . Another is Sultan Ahmed Bin Sulayem, chairman of Dubai World, who also runs a significant part of the sheikh’s business empire. ALABBAR: I think he looks at Dubai, ‘What does Dubai need? What is missing in Dubai?’ And when he thinks of something missing, we’re gonna do it. Seven years ago, Sheikh Mohammed decided what Dubai needed was more waterfront properties and beaches for all those tourists who were going to come. Dubai had only sixty miles of coastline, so he ordered Sultan to create more. ALABBAR: After two months, I came to [?] and this is a picture, a perspective of an island. He said, ‘How much beach is it gonna give us?’ I said seven kilometers. He said, ‘Why not seventy?’ And I know him, this is his way, you know, he’s always asking you the impossible. Not what you are able, what you can do. KROFT: So Sheikh Mohammed gave you the land and told you to start building? ALABBAR: He gave the water. KROFT: He gave you the water. You had to make the land. We
encountered this term in our discussion of H-xfire. a person or group that rents and occupies land, a house, an office, or the like, from another for a period of time; lessee. A source of substantial wealth or financial support. Often used in the plural: “Japanese investors . . . have all but pulled out of the market—and there’s no deep pocket outside Japan to take their place” (Larry Martz). [American Heritage Dictionary] a person under the patronage, protection, or care of someone interested in his or her career or welfare. . to select personally and with care: The boss handpicked his assistants. . a project undertaken or to be undertaken, esp. one that is important or difficult or that requires boldness or energy: To keep the peace is a difficult enterprise. . land on the edge of a body of water. .
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ALABBAR: We had to make the land. Business consultants told him the project was unfeasible , but with no environmental regulations to stop him, Sultan began dredging a hundred million cubic yards of sand from the Persian Gulf, along with seven million tons of rock, to form a man-made island in the shape of a palm. It more than doubled the coastline of Dubai, and created waterfront condos and homes for a hundred and fifty thousand people, not including thirty-five hotels. KROFT: Most people, if they brought in business consultants, and they told them, ‘This is a bad idea, it’s not gonna work’, they wouldn’t do it. S.M.: Most people, yes, but not us. KROFT: I must tell you, Your Highness, that there are some members on your team who, from time to time had doubts. I won’t name them, but they looked and they said, well, after you told them what you wanted, they said, ‘This is impossible.’ They thought that you were crazy. It would never work. S.M.: If you don’t want to name them, I can name them. KROFT: Some of them are sitting over there! It’s easy to laugh about it now—the Palm Island project sold out in less than a week. Sultan says that houses that initially went for one million dollars are being resold by the original investors and real-estate speculators for five times that. But the day we went ashore , a month after the official opening, the Palm Island was a ghost town. KROFT: It’s very strange. I mean, we don’t see, I don’t see any people. ALABBAR: People just started moving in. It’s not clear when or if the actual owners will start moving in. Most of the properties were bought as second or third homes by wealthy Arabs, Russians or Europeans to be used a few months a year, or as real-estate investments, or as a way to move money offshore to a safe haven . But it has not stopped the building: three more offshore developments are under way, including a chain of three hundred man-made islands, some of which will be private. They’re shaped and situated to not
capable of being carried out or put into practice; “refloating the sunken ship proved impracticable because of its fragility”; “a suggested reform that was unfeasible in the prevailing circumstances” [syn: impracticable] [WordNet] . to be sold: I have a bid of two dollars. Going! Going! Gone! A person who trades (i.e. derivatives, commodities, bonds, equities or currencies) with a higher-than-average risk, in return for a higher-than-average profit potential. Speculators take large risks, especially with respect to anticipating future price movements, or gambling, in the hopes of making quick, large gains. Investopedia Commentary Speculators are typically sophisticated, high risk-taking investors with expertise in the market(s) to which they are trading and will usually use highly leveraged investments such as futures and options. on the shore; on land rather than at sea or on the water: The captain has been ashore for two hours. in a foreign country. . any place of shelter and safety; refuge; asylum.
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resemble a map of the world, which is what the project is called—the World. Demand is said to be strong, but to many, Dubai has the feel of a speculative bubble —it could easily burst. When we come back, the difficulties of creating a modern society in one of the world’s toughest neighborhoods, and Dubai’s high-tech solution to preserve an ancient sport.
. Reforms Man-made islands with multimillion-dollar homes on them are only one component of Sheikh Mohammed’s vision to make Dubai a safe haven for capital and a model for social and political change in the region. From financiers and entrepreneurs, to construction workers and maids, Dubai has become a kind of El Dorado , a setting for a modern-day gold rush. Everything is in overdrive , and not surprisingly, the speed of it all has had unintended social and political consequences. KROFT: A number of people have described you as the Chief Executive Officer of a huge business enterprise. Is that an accurate way of describing what you do? S. M.: Actually, yes, I changed the way of government to make it like a big company. Some people call it Dubai, Inc., and besides all the investments at home, it includes extensive holdings throughout the Middle East and around the world. Here in the US, its list of properties is way too long to go into , but includes resorts, and hotels, and real-estate holdings from Las Vegas to New York. It is also negotiating to buy a significant interest in the Nasdaq stock exchange. KROFT: Could what’s happened here have happened in any other Arab country? AL-RASHED: No way, no. Abdul Rahman Al-Rashed is general manager of Al Arabia, one of the most influential news organizations in the Middle East. KROFT: What is it about the rest of the Arab world that would have made it incredibly difficult, if not impossible, to do what’s been done here? AL-RASHED: I think lack of vision, the hypocrisy, lousy governments, and corruption. KROFT: What’s the country’s reputation in the rest of the Arab world? AL-RASHED: Remember, an inflated speculation, esp. if fraudulent: The real-estate bubble ruined many investors. a person skilled or engaged in managing large financial operations, whether public or corporate. El Dorado came to be used metaphorically of any place where wealth could be rapidly acquired. . Informal. an intense state of activity or productivity: The political campaign has shifted into overdrive. . Often, holdings. legally owned property, esp. stocks, bonds, or real estate. . go into, a. to discuss or investigate: Let’s not go into the question of whose fault it was. . Informal. a. mean or contemptible: That was a lousy thing to do.
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we have three hundred million people living in this region. Eighty-six percent of the youth being questioned, they say they wanna come to Dubai. Their destination number one is not London, it’s not New York as [it] used to be in the old days, it’s not France, it is Dubai. The sheikh is also trying to construct a new society here, based on religious tolerance and gender equality, at least in the work place. He’s made recruiting and promoting women a priority. S. M.: I think we, you know, the government, we are doing all that we can to really make of you a leader. It’s a significant change in a conservative Muslim culture. [Audience:] The resistance that people already have in our society because of the religious background and the cultural background should reduce [be reduced]. S.M.: That’s right, I agree with you, you know, but I worry that you’ll take over all! It’s not the only cultural change taking place here. With foreigners outnumbering native Emiratis nine to one, bikinis are mixing with burqas , and churches with mosques, as traditional customs are being challenged by modern sensibilities. Take the ancient sport of camel racing. Traditionally the jockeys were always small boys, but an international uproar over the way they were being treated led to a novel solution. They boys have been replaced by robots, the riding crops operated by remote-controlled jockeys who follow their camels around the track in SUVs. It was a high-tech solution that preserved a popular custom. But the solutions to some of Dubai’s other problems aren’t so simple, like prostitution. The US State Department estimates that ten thousand women from Africa, Asia, and Eastern Europe may be victims of sex trafficking , lured here under false pretenses and pressed into service as prostitutes. to attempt to acquire the services of (a person) for an employer: She recruits executives for all the top companies. burqa (also transliterated burkha, burka or burqua) is an enveloping outer garment worn by women in some Islamic traditions for the purpose of cloaking the entire body. It is worn over the usual daily clothing (often a long dress or a shalwar kameez) and removed when the woman returns to the sanctuary of the household (see purdah). . A heated controversy. [American Heritage Dictionary] . Also called riding crop. a short riding whip consisting of a stock without a lash. . to trade or deal in a specific commodity or service, often of an illegal nature (usually fol. by in): to traffic in opium. . to attract, entice, or tempt; allure. . any allegation or claim: to obtain money under false pretenses. press2 . to make use of in a manner different from that intended or desired: French taxis were pressed into service as troop transports. [Origin: –; back formation from prest, ptp. of obs. prest to take (men) for military service, v. use of 2 in sense “enlistment money”] . A
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Ibtisam Al-Kitbi is a professor who teaches political science at a university here. KROFT: You allow alcohol, a lot of women wear western dress, you have some prostitution—are those concerns? AL-KITBI: Yeah. This is a main concern for people here, of course. KROFT: What have the effects been, do you think? AL-KITBI: I think all those people—they’ve been put into a situation they didn’t choose. Nobody asked them, ‘What do you want? Is it really—this is what you want?’ KROFT: What do you think of Sheikh Mohammed? AL-KITBI: He’s great. He’s original. But his ambition [is] without any limits. KROFT: Ambition with no limits. Professor Al-Kitbi warns the sheikh’s ambitions might have some consequences. AL-KITBI: Those people are coming from democratic countries. They cannot be ruled with undemocratic [rules?] It will be a political risk for you, in the future. Did you think in [of ] that? Did you think about this? YOUNSI: We’re not talking about the democracy here. Political dissent is not exactly expressed freely. Rochdi Younsi is an analyst with Eurasia Group, a firm that does economic and political risk analysis for companies interested in Dubai and other Gulf states. YOUNSI: You get a sense of freedom when you are in Dubai. You do not feel that you live in an oppressive regime . At the same time, freedom of expression is not exactly guaranteed. KROFT: I mean, Dubai in many ways is a western country, a western-style country. Why hasn’t it become a target, do you think, for Al-Qaeda terrorism? YOUNSI: If you’re concerned about the risk that Al-Qaeda may pose to Dubai in the future, I would look at the labor issue in Dubai. Many of these people have been disgruntled for years now, because of the horrible working and living conditions. And it is pretty easy for an organization like Al-Qaeda to exploit that kind of anger. burdensome, unjustly harsh, or tyrannical: an oppressive king; oppressive laws. a mode or system of rule or government: a dictatorial regime. displeased and discontented; sulky; peevish: Her disgruntled husband refused to join us. .
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. Dubai’s labor situation Amidst the smell of opportunity and prosperity there’s also a whiff of exploitation . Sheikh Mohammed’s dream is being built by armies of contract workers from South Asia who work twelve-hour shifts six days a week for an average of four or five dollars a day. It’s more than they can make at home, but human rights groups say that they are little more than indentured servants forced to live in substandard conditions. At the end of their shifts, they board buses for the trip to remote desert compounds , where they live far from the gleaming towers that they’re building. These pictures from a French documentary aired two years ago showed the squalor . KROFT: There’ve been allegations and reports that labor contractors have brought people into the country and taken advantage of them, abused them . . . S. M.: We had some problem, but we’re dealing with it, and now the law is against it, and we’re doing a lot about it. Sheikh Mohammed says he’s dealing with it by building new modern dormitories in compounds for thousands of workers. He says the government has also created a court where workers can voice their grievances , and he told us that tough new laws have been passed to crack down on labor contractors who violate them. S.M.: People will go to prison if they keep doing this. But according to this letter, no one has. Human Rights Watch wrote that it was not aware of a single instance in which an employer had been prosecuted for labor violations. YOUNSI: There have been efforts to improve their situation, but clearly, not enough. KROFT: Sheikh Mohammed and the government of Dubai say, ‘Look, this is a problem. It has been created by labor contractors. Mostly foreign nationals. They’re the ones who are exploiting these workers, not the people of Dubai.’ What’s your reaction to that? YOUNSI: I’m not sure it’s a credible answer. KROFT: They want the cheap labor. a successful, flourishing, or thriving condition, esp. in financial respects; good fortune. a trace or hint: a whiff of scandal. . an act that exploits or victimizes someone (treats them unfairly); “capitalistic exploitation of the working class”; “paying Blacks less and charging them more is a form of victimization” [WordNet] . a very large number or group of something; a great multitude; a host: the army of the unemployed. bound by contract [WordNet] . an enclosure of residences and other building (especially in the Orient) [WordNet] the condition of being squalid; filth and misery. . to give utterance or expression to; declare; proclaim: to voice one’s discontent. . a complaint or resentment, as against an unjust or unfair act: to have a grievance against someone. . crack down, to take severe or stern measures, esp. in enforcing obedience to laws or regulations: The police are starting to crack down on local drug dealers. .
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YOUNSI: Exactly. They want the cheap labor, and it’s been working to their advantage.
. Dubai and the US The worker situation has damaged Dubai’s reputation, but it’s not the first time Sheikh Mohammed has had a public relations problem. Two years ago, President Bush approved a deal for one of the sheikh’s companies, Dubai Ports World, to take over the operation of six US ports. G.W. BUSH: Would there be a window for it, if we were concerned for the security of the United States of America? But not everyone saw it that way, and a nasty debate erupted in congress over whether a company owned by a Middle East sheikhdom should be managing US ports vulnerable to terrorist attacks. The / commission report had already pointed out that at least nine of the hijackers came through Dubai on their way to the US, and that funds wired from Dubai were used to finance the attacks. LEVIN: If the national security could be affected, this requires, this law requires an investigation, period . It was the first time most Americans had even heard of Dubai, and the controversy didn’t end until Sheikh Mohammed decided to cut his losses and sell. S.M.: If that’s what the American people want, sell to somebody else. KROFT: Do you think you got a fair shake out of the ports deal? S.M.: I’ll leave that to you. KROFT: You’re disappointed. S.M.: As I said, I didn’t want to disturb our relationship. KROFT: You didn’t want to make a big deal out of it? S.M.: Exactly. Exasperatingly difficult to solve or handle: a nasty puzzle; a nasty problem. [American Heritage Dictionary] to break out of a pent-up state, usually in a sudden and violent manner: Words of anger erupted from her. . (of a place) open to assault; difficult to defend: a vulnerable bridge. –interjection . (used by a speaker or writer to indicate that a decision is irrevocable or that a point is no longer discussable): I forbid you to go, period. cut one’s losses to decide to spend no more money, effort etc on something which is proving unprofitable [Kernerman English Multilingual Dictionary] . Informal. chance or fate; deal: a fair shake. We came across this expression in H-CEOs . .
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Dubai is still one of the United States’ staunchest allies in the Middle East, and it relies on Dubai’s ports and shipyards to service US Navy warships in the Persian Gulf. KROFT: You consider yourselves friends with the United States? S.M.: Yes, yes. KROFT: Do you like the country? S.M.: I love the country, and the people. KROFT: What do you like about it? S. M.: I like everything about them, except their foreign policy [a] little bit. I don’t like their foreign policy. KROFT: Can you be more specific about the foreign policy? What don’t you like about the foreign policy? S.M.: I’ll leave it be, just I’ll leave it like that. KROFT: You’d like to just leave it like that? S.M.: I think the American people will know what I mean. KROFT: You had conversations and consultations with the United States before the Iraq War? S.M.: Yes. You know, we give the best advice we can to our friends, but as you know, they don’t always listen. KROFT: Were you against the war? S.M.: I was against the war, yes. It was [a] wrong war. There are also differences with the US over Iran, which is one of Dubai’s closest neighbors, largest trading partners, and one of its biggest investors. Any hostilities in the Persian Gulf could present Sheikh Mohammed with difficult choices. But for the time being, business is still booming .
Downtime KROFT: What do you do when you’re not the ruler of Dubai? What gives you happiness and pleasure? S.M.: I’d be riding my horses. KROFT: You love horses? S.M.: I love horses. I love animals. He owns one of the world’s top breeding and thoroughbred racing operations. The morning we were there he was selecting horses for races all over the world, and some of the world’s most firm or steadfast in principle, adherence, loyalty, etc., as a person: a staunch Republican; a staunch friend. a person who associates or cooperates with another; supporter. . hostilities, a. acts of warfare. b. WAR. . to progress, grow, or flourish vigorously, as a business or a city: Her business is booming since she enlarged the store. .
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expensive thoroughbreds were on display. Look here, they’re coming to the fence. So the one with the [inaudible] I told you he won. These are the best horse[s] in the world. KROFT: So what is it you love so much about this? S.M.: It’s my hobby. The horse is in my blood. KROFT: Of the horses that we’ve seen today, what are they worth? S.M.: Each of these will be worth fifty, sixty million dollar[s]. There was one horse in particular that the sheikh was interested in. S.M.: If you look down there, now they’re building up . I expect this to pass this, and I was a bit disappointed. And this day he was not disappointed. No one likes to disappoint the sheikh, not even his horses. S.M.: That’s what I wanted! Now that’s what I wanted!
Assignment # • This assignment is due by noon on T., //. • Collaboration is possible. You should however write up and submit your own answers, and also specify the name(s) of your collaborator(s) on your assignment. • Electronic submission of assignments is strongly encouraged. No fancy formatting necessary; in fact, plain-text submissions are encouraged and welcome. (No .hwp or .docx, please) • Name your submission as follows: xxxxxxxxxx-, where xxxxxxxxxx stands for your student ID. • If you do not understand the assignment, please let me know a.s.a.p. Do not wait until the due date to ask me questions or attempt to use that as a justification for not completing an assignment. . Listen to ‘Warren Buffett – The Business’ attentively, and note any portions that give you difficulty (use the time stamps displayed on your MP player). The audio clip is available in the “Additional Course Material” (YÝ•Ìä) section of EKU.
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. List (at least) five expressions that appear in this podcast which we’ve also discussed in the past Weeks – (H-markers, H-xfire, H-CEOs, H-buffett, H-dubai).
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