[K-oneTexas]

I don't know that this article is correct.

Recent thread: "DP WORLD EXECUTIVE NOMINATED FOR PRESITIGOUS US GOVT POSITION (Dubai Ports World)"

Excerpt - Dubai, 24 January 2006: - Global ports operator DP World today welcomed news that one of its senior executives, Dave Sanborn, has been nominated by US President George W. Bush to serve as Maritime Administrator a key transportation appointment reporting directly to Norman Mineta the Secretary of Transportation and Cabinet Member.

Don't smell good.

[Reaganwuzthebest]

Sounds like a combination of cronyism mixed with globalism and you're right it doesn't smell good.

[Sweetjustusnow]

http://www.ustreas.gov/offices/international-affairs/exon-florio/ Introduction. The United States has traditionally welcomed Foreign Direct Investment (FDI) and provided foreign investors fair, equitable and nondiscriminatory treatment with few limited exceptions designed to protect national security. The Exon-Florio provision is implemented within the context of this open investment policy. The intent of Exon-Florio is not to discourage FDI generally, but to provide a mechanism to review and, if the President finds necessary, to restrict FDI that threatens the national security. The Exon-Florio provision is implemented by the Committee on Foreign Investment in the United States ("CFIUS"), an inter-agency committee chaired by the Secretary of Treasury. CFIUS seeks to serve U.S. investment policy through thorough reviews that protect national security while maintaining the credibility of our open investment policy and preserving the confidence of foreign investors here and of U.S. investors abroad that they will not be subject to retaliatory discrimination. EXCERPT