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Feb. 3 2010 - 6:52 pm | 225 views | 1 recommendation | 1 comment

The World is Sinking

20380_the_world_dubai islandIt was intended to sink.

That is the party line of Nakheel, developer behind Dubai’s manmade island project “The World.” The company issued the defensive statement yesterday  in response to a story in Britain’s Daily Mail claiming a satellite image showing the islands as a blobby, misshapen cluster was proof that they were sinking.

What in the world?

What in the world?

Nonsense, says Nakheel, who operates under the corporate motto, “Where Vision Inspires Humanity.” Calling the claim hogwash, a spokesman hastened to add that any sinkage which might have occurred was intentional:

“Speculative reports suggesting that The World islands are sinking are wholly inaccurate,” the statement said, adding that a technique called vibro-compaction was to blame for any loss of altitude.

Via The World’s not sinking – Nakheel – Real Estate – ArabianBusiness.com

To my knowledge, vibro-compaction is not a synonym for global warming, slang for a perfunctory construction job or a slur for the the rumormongering media. Sooo…what is it then?

“This process causes the soil to vibrate vigorously, mimimising the air gaps between the sand particles and locking the sand particles and edges together, which in turn lead to very deliberate and calculated compaction and settlement.”

The process (which is legit, by the way, I did my research) kind of sounds similar to this newfangled fat-blasting procedure I read about it in the New York Times today. Zap, jiggle, condense- all to tighter effect. An ironic comparison, seeing as the poor World’s vibro-compaction is giving her a saggier, slouchier profile (at least when viewed from space).

So, to those few remaining crazy-as-hell Dubai real estate speculators, whoever you are- fear not, The World will not be sunk by shifting sands. Only melting icebergs or the the $26 billion in debt owed by its parent company.


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    About Me

    I am a Brooklyn-based, Boston-born freelance writer beguiled by the lives, moves, thoughts and impact of those heroes of capitalism (or plain lucky bastards) we call billionaires. My fascination with these moneyed Masters of the Universe started while I was a reporter at Forbes Magazine where I spent my days tracking and tallying billion-dollar fortunes from Aspen to Auckland.

    Before Forbes I worked for Outside Magazine in Santa Fe- just long enough to pick up a pair of cowboy boots and an addiction to green chile- and prior to that did a stint shuffling papers for rich Emiratis at a Dubai investment bank before deciding it was much more interesting to stalk them than work for them.

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