Posted on 02/23/2006 4:55:10 PM PST by High Cotton
Under a secretive agreement with the Bush administration, a company in the United Arab Emirates promised to cooperate with U.S. investigations as a condition of its takeover of operations at six major American ports, according to documents obtained by The Associated Press.
The U.S. government chose not to impose other, routine restrictions.
In approving the $6.8 billion purchase, the administration chose not to require state-owned Dubai Ports World to keep copies of its business records on U.S. soil, where they would be subject to orders by American courts. It also did not require the company to designate an American citizen to accommodate requests by the government.
Outside legal experts said such obligations are routinely attached to U.S. approvals of foreign sales in other industries.
(Excerpt) Read more at insightmag.com ...
The Chinese, Mexicans and Arabs own our government.
The oil companies have to make an appointment.
Zzzzzz... xlzxvcpp [snort]...zzzzzzzzzzz
LOL true
Anyone still willing to defend this deal?
Considering that this same story was posted 24 hours ago, before today's hearing in which the pro-port side wiped the floor with the MSM bots--yeah.
Yep. Without even breaking a sweat. Perhaps you haven't noticed, but folks are FINALLY starting to calm down a bit. The hysteria is lessening, as people realize how they were duped by the Dems, some spineless Pubbies, and a complicit media.
It's not a deal at all. It's a fraud.
I demand that we form the External Revenue Service!
ACCC not to oppose the proposed acquisition of P&O Ports by DP World
The Australian Competition and Consumer Commission will not oppose the proposed acquisition of P&O Ports by DP World, ACCC Chairman, Mr Graeme Samuel, said today.
P&O Ports is a global container terminal and stevedore services provider with a presence in 19 countries, operating 29 container terminals and logistics operations at more than 100 ports worldwide. P&O Ports' Australian subsidiaries lease, operate and manage terminals in Brisbane, Sydney, Melbourne and Fremantle. DP World owns, operates and manages container terminals and other port infrastructure around the world.
"The ACCC believes the proposed acquisition is not likely to result in a substantial lessening of competition in the relevant markets given the limited overlap of DP World and P&O's operations in Australia. DP World's presence in Australia is limited to Adelaide Port where P&O Ports does not currently operate", Mr Samuel said.
DP World also submitted requests for clearance of the proposed acquisition from competition regulators in Germany, Spain, USA, UK and Italy.
http://www.accc.gov.au/content/index.phtml/itemId/722248/fromItemId/2332
ROTFLMAO!! And still the Chicken Littles scurry about...
I love the hysterics. The deal was done behind closed doors because that is what the law specifies.
Memo to the UAE: "I have an offer you can't refuse. Instead of thinking about what you will get for cooperating with us, let's change the subject to all the things we won't do to you if you fail to cooperate."
It would be nice to have a real opposition party that we could take seriously. Perhaps there is a problem with this deal, I don't know. I'll certainly never learn from the democrats who cry wolf. If President Bush shaves first up and then down, they'll decry that as the end of the world as we know it, stating flat out that it must be down, then up to preserve our way of life. What scares me is that Jimmy Crater (or whatever his name is) thinks it's a good idea.
LOL!!! -5 off your marks for tact, but otherwise very well said!! :-D
The thing I don't get is that in the war on terror the endgame for our enemy is getting a weapon onto our soil and killing hundreds of thousands of Americans. It is not Vietnam where the endgame was getting the sheep to turn against the war. It is not the cold war in which the endgame was an ICBM strike. THEY NEED TO SNEAK THROUGH OUR PORTS TO WIN. If we want to do "secret" deals with the UAE I don't really care. Pay them extra for oil, subsidize travel to Dubai whatever they want, just don't give them the freaking ports!!!!!
"In approving the $6.8 billion purchase, the administration chose not to require state-owned Dubai Ports World to keep copies of its business records on U.S. soil, where they would be subject to orders by American courts."
What are these people supposed to do if the IRS wants to review their payroll files? How would we know that they are paying their fair share of corporate taxes?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.