"This announcement by Dubai World was a surprise to everyone, including many money market participants in Abu Dhabi," Mohsin Khan from the Peterson Institute for International Economics said Monday. "Abu Dhabi is the guarantor of Dubai debt… So the assumption was that they would come out and support Dubai."
A US senator opposed the re-election of Ben Bernanke as Federal Reserve chairman, saying he is "part of the problem." "It reflects the fact that the financial bell measures in the United States are very unpopular," Dr. Douglas Holtz-Eakin, former economic advisor to George W. Bush and George H.W. Bush, said Monday.
LATEST POWER LUNCH VIDEOS
Current DateTime: 02:11:24 30 Nov 2009 LinksList Documentid: 27721339
Insight on this year's Super Bowl of retail, with Stacy Janiak, Deloitte vice chairman & U.S. retail leader; Eric Beder, Brean Murray, Carret & Co.; and CNBC's Simon Hobbs.