February 24, 2006: The recent controversy over the acquisition of the British firm Peninsular and Oriental Steam Navigation Company, by Dubai Ports World, a state-run company in the United Arab Emirates, has been largely a matter of heat opposed to light. This is largely because of a number of myths that have quickly circulated throughout the blogosphere. These myths have led to a lot of controversy that has cast one of the strongest American allies in the Persian Gulf in a poor light that is undeserved. First, a look at the United Arab Emirates is in order. This is a...