The UAE ALREADY controls a port: Impeach!
and has since January. Feel safer, yet?
Second Dubai firm in US port link
A Dubai-owned firm is already providing shipping services in the United States, it has emerged.
Inchcape Shipping Services, whose clients include the US Navy, has been owned since January by the United Arab Emirates investment firm Istithmar.
Fellow Dubai firm Dubai Ports World has agreed to cede control of US ports acquired in its takeover of P&O to a "US entity" after a political outcry.
The US Congress threatened to block the takeover on security grounds.
'Rigorous security'
Republican and Democrat politicians both claimed that the deal would make key US assets more vulnerable to terrorist attack.
However, as Dubai Ports World conceded the deal would not go ahead as planned, it emerged that Inchcape Shipping Services (ISS) has had extensive interests in the US for many years.
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Cute language
from that Griswald fellow: "It is just assuming that if a company is from the Middle East it is de facto disqualified from investing in the United States, and I think that is a terrible message to send," said Daniel Griswold, director of the Cato Institute's Centre for Trade Policy Studies. Did you catch that..."investing in the United States"?
I'd sure like to see their employment rolls and pay schedules. I'd also like to ask them why they aren't expanding their own port operations in their own country. Are we not exporting mega tons of consumer good to the middle east that need to be offloaded on their docks? How much would a US longshoreman's union contract be for the port operations being provided by this "entity" and how does that compare to what the royal family is paying themselves? I wonder if those who are blaming our unions for this mess already have the answers to these questions.
Questions, questions.
Mourn not the dead that in the cool earth lie, but rather mourn the apathetic throng, the coward, and the meek, who see the world's great anguish and its wrong, and dare not speak.
Ralph Chaplin
Bush concerned about "broader message this issue could send..
to our friends and allies around the world, particularly in the Middle East.
http://www.albawaba.com/en/news/195620
albawaba.com middle east news information::Bush: Ports deal sends wrong message to U.S. allies in the Middle East
I never heard him express concern about the message that was sent by little old ladies and Nuns being strip searched in our own airports. It is he who set the fire of Islamaphobia, and it is his base that still carries that torch, igniting hate within our communities. So, let him eat chared cake, it came from his own kitchen.
Mourn not the dead that in the cool earth lie, but rather mourn the apathetic throng, the coward, and the meek, who see the world's great anguish and its wrong, and dare not speak.
Ralph Chaplin
Bush asked Dubai to back off
so he could save face. That's what I heard on the news this morning. If Bush is concerned about a message that might be sent to our 'allies' in the ME, he certainly ranked his own reputation/image above it.
Once he asked them to back off, what did he expect?
Shopping Spree
It seems the Emirates have been doing a good deal of shopping lately.
"In the past 18 months alone, UAE based companies have bought a $2bn stake in Time Warner, a $1bn stake in DaimlerChrysler, a $700m hotel in New York, the port assets of America's CSX Corporation and a 25% stake in a Canadian aluminium smelter."
http://news.bbc.co.uk/1/hi/business/4779898.stm
In the first round of oil enrichment, the UAE focused on their internal economic status, that is, raising the standard of living for their citizens. In this round of oil enrichment, they're building sustained revenue sources for when the oil runs out. In some ways, that means attracting visitors and capital to the UAE, especially Dubai, now a major R&R destination for our own American military. In other ways, it means investing in cash cows around the world, like the DP World ports deal.
He expected
for them to sell the operation to Poppy at a bargin basement price. Just think how much money this will put in the Bush family trust.
Mourn not the dead that in the cool earth lie, but rather mourn the apathetic throng, the coward, and the meek, who see the world's great anguish and its wrong, and dare not speak.
Ralph Chaplin