Replies

Ranting that "its all a lie" isn't exactly an example of reason at work. Do you two deny that:

-- DP World, a Dubai state owned company, will be acquiring ownership rights over existing North American terminal infrastructure and operations at approximately 31 container, general cargo, and passenger terminals in New York, New Jersey, Philadelphia, Baltimore, Miami, New Orleans, and Vancouver, complete with extant leasehold, stevedoring, wharfage, and seaway rights;

-- That DP World will also own half of Norfolk's CP&O Ports Virginia, the largest stevedoring service in Hampton Roads;

-- That DP World itself has been quoted as stating that "We intend to maintain and, where appropriate, enhance current security arrangements," making the claim that DP World will have no responsibility for security a rather strange little piece of spin;

-- That, indeed, operations cannot be segregated from security, and to pretend that the two can be segregated is pure fantasy;

-- That the base technology related to terminal security was principally the product of ITO's efforts (the terminal operator that preceded P&O Ports), and that this technology will pass with the sale to DP World;

-- That Dubai and Dubai-based companies and banking institutions have an ignoble and disturbingly direct history of ties to 9/11 and terrorist funding and transit; and

-- That (curiously, given the importance of the decision to national security) the CFIUS did not conduct a 45-day investigation on top of the initial 30-day review that it usually gives to foreign purchases of U.S. businesses?