Spoiled rich Arab boys

Two Arab men were in an expensive Lamborghini sports car that crashed in a London square, flipping a parked BMW in the process.
They calmly walked away, telling a witness not to worry because they would pay for any damage.
A 28 year old man was charged with "perverting the course of justice" for claiming he was the one behind the wheel and a 35 year old man was charged with dangerous driving and being without insurance.
Residents of the square complained that they had to put up with engine revving, loud music, and a general lack of concern for the sensitivities of others.

Sounds like the kind of behavior we get from rich American kids (although 35 is old for a "kid").

China next to burst a bubble?

Word is that China is going to have its own bubble burst soon.
Property speculation and unsustainable economy focussed on development will result in a fall or crash within 12 months according to investor Marc Faber.
My normal reaction would be a bit of schadenfreude at China's impending distress, but we are too solidly linked to foreign economies and China's is a juggernaut.
When they fall back or crash, we will feel a great deal of their pain.

We live in interesting times.