Posted on 02/22/2006 1:39:33 PM PST by Nasty McPhilthy
And, of course, Citibank has some rather large Saudi investors in itself. Incestuous little world. Will be nice if some scientist can discover a way for us to get away from an oil-based world.
Your point is?
The question was how the UAE/Dubai feel about Israel, not how Joe L. feels about Dubai/UAE.
I'm sure there is, but if you have a family sometimes the pride aside you'll do what you have to. Within legal means of course.
I already posted above that the royal family in Dubai does not like Israel - if that's some litmus test to base foreign policy decisions on, then I think Senator Lieberman's opinion is just as important.
You're welcome - you will note that the press release is dated 11/29/05 - this has never been a big secret, even if most FReepers didn't know about it.
What American corporation is in the business?
SSA Marine, for one - see above thread.
I am amazed that they think their image is so good as to not raise plenty of red flags.
Either they think Americans are truly stupid...or they are truly naive.
See my post #75 - in addition, SSA Marine operates ports in Mexico, Panama, and Chili - and someone else posted they are going to run the Umm Qasr port in Iraq. That being said, I have two points:
1) Shutting down the P&O sale will have ripple effects, including, I am sure, retaliation against SSA Marine in Mexico, Panama, and Chili.
2) SSA Marine did not bid and/or cannot raise $7 billion for P&O.
SSA Marine the world's largest privately held cargo terminal operator and cargo handling company, and the Port of Seattle have joined together to enter into a deal for nearly one million gallons of biodiesel annually beginning in 2006 by converting their entire vehicle fleet to run on Washington-produced biodiesel.
I agree their PR departments should have planned for this better, but it is what it is - there's no way Bush is backing down from this now.
True, but there are lots of ways to defer those taxes, and they get credit for income taxes they actually pay to non-US jurisdictions. The bottom line is that it ain't the US tax system that has brought about this state of affairs; it's the notion that it's OK to outsource just about anything. Let's hope this becomes a teachable moment.
SOMEONE at Citibank should have guessed that too, I agree.
There are probably lots of reasons why DWP is better suited to runs these ports than SSA Marine.
You agree that you said the family "does not like" Israel.
I provided the hard information that the _country_ does not _recognize_ Israel.
Senator Lieberman's views are a red herring.
Size of firm, probably. There might be an American corporation in the business even though SSA Marine is not a public corporation: there may be others that are corporations.
I have not come across any others - Halliburton actually builds ports, but does not run any - definitely none I know of that can take over 7 U.S. ports on March 2nd.
What would a company have to have by way of $ value to undertake this contract? $2 billion? That's how it works in business, in the oil pipeline business for example. The TransAlaska Natural Gas Pipeline contract required the successful bidder to have an interest, either ownership of proven gas reserves or company capital, of several $ billion just to bid.
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