Posted on 02/20/2006 7:28:25 AM PST by standingfirm
WASHINGTON — Homeland Security Secretary Michael Chertoff is defending the Bush administration's review of an international shipping deal two days after one company in the Port of Miami sued to prevent an Arab-owned firm from taking over port operations.
Meanwhile, lawmakers also are considering legislation to stop foreign-owned companies from running U.S. ports.
Chertoff on Sunday said the U.S. Committee on Foreign Investment in the United States, or CFIUS, had carefully reviewed the Dubai Ports World purchase of London-based Peninsular and Oriental Steam Navigation Co., which runs commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
"We make sure there are assurances in place, in general, sufficient to satisfy us that the deal is appropriate from a national security standpoint," Chertoff told ABC's "This Week."
That doesn't sit well with Miami firm Continental Stevedoring & Terminals Inc., a subsidiary of Ellery & Company Inc. Representatives from that company asked a judge to block the takeover of P&O,
(Excerpt) Read more at foxnews.com ...
Of course not.
You're a perfect typist?
I do well typing at rates between 95-110 wpm.
I don't pick at anyones grammar or spelling.
Occasionally I do. I've been on the receiving end of such critique, never made a fuss over it.
It calls undue attention to mine.
Sorry it bothers you so much
And that's pretty thin evidence on which to call another freeper a liar.
The biggest lie is how this story is being presented and misrepresented by the media, from a faxed DNC press release.
Dubai had to get a loan to swing this deal.
DP World to borrow $6.5b to fund P&O acquisition
"The borrowing entity is Thunder FZE, the acquisition vehicle set up by DP World, although the term loan has a guarantee from PCFC (Ports, Customs and Free Zone Corp, DP World's holding company)," Mikou said.
Which brings this troubling tidbit into play.
PCFC sukuk shows Dubai's support for Sharia funds
And this:
Can you prove that?
I first heard it from Pete King last week, before ANY Dems were on the bandwagon. And I read the first article posted on FR Feb 11th. Also before the Dems input.
indeed, King was the first person from congress I heard chime in on it. only when the Dems saw the white house wasn't going to make a move to reverse it, did they pile on. and it will continue to get worse if its not reversed - hearings, inquiries into the UAE lobby efforts, etc.
Welcome to the global economy.
We've made the Emirates wealthy by purchasing their oil,
now we b!tch that they choose to spend it here.
What would you have them do with their wealth? We go on
endlessly about how capital should be unfettered and
that the protectionists are misguided, and now this?
The Emirates are our partners whether we like it or not,
by virtue of their having us by the short hairs. Those
that don't like it should reconsider their use of petroleum
products.
How dare you be logical. The media wants you to be peeing in your pants over this 'outrage' by the Bush oilmen.
UAE can be our trading partners without being given the task of screening cargo coming into our ports.
It's Harriet Myers all over again.
We gain nothing by having the UAE screen the cargo coming into our ports.
Another embarrassment and refusal to fix it until a large political cost is paid.
I don't understand why Bush always waits until there's a furore to make a statement. And he isn't infallable. Look at Miers and the Mexican border. And his ROP schtick. *sigh*
LOL --- wonder who that 'someone' will be?
there is plenty of US stuff for the UAE to buy - they don't "need" to buy the port operations to be our friends. they can buy real estate, department stores, Dominos pizza, fund a NASCAR team, I don't care what else they buy with their money.
They are just inspecting the cargo and running the ports that Americans won't do.
To take GWB's beliefs to the nth degree, its amazing any americans will do any type of job for any salary at any place at any time.
ping
Firm sues to block foreign port takeover, from 2/18
UAE Co. Poised to Oversee Six U.S. Ports from 2/11
The committee earlier agreed to consider concerns about the deal as expressed by a Miami-based company, Eller & Co., according to Eller's lawyer, Michael Kreitzer. Eller is a business partner with the British shipping giant but was not in the running to buy the ports company.
You know what's wrong with this whole deal? That it is RIPE for manipulation by those liberal NY Dims. They plucked it from the 'Questionable Things Bush' (or tree, if you prefer). They know it is something that can divide the Republicans and perhaps win back the majority for them this November.
That being said...the issue is so complicated that any thinking person would naturally have questions. For those of us who admire President Bush's tough stance in the WOT, it gets a "HUH? WTH?" To which we get one of those "You're not on the Need To Know list" responses. uh uh, not gonna work. The Bush Administration allowed itself to be politically vulnerable with this and some of us would like clarification without being called dupes or shills for the Dims.
Thank you, my sentiments exactly. Well put.
The question is, what happens if Dubai is suddenly taken over by Muslim extremists? What recourse would the US have then?
Oh, wow! There are assurances in place. Wish I knew that before. I feel so much better.
I have such a good rapport with the people who work at the bp I've been using; there is another one handy, too.
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