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To: syriacus

I hate in any way to seem like I'm coming to Hillary's defense, but the article that your 'facts' are based on is the British liberal rag, The Guardian. It's like quoting the National Enquirer. You would be hard pressed to find ONE fact in any given edition.

Singapore and China had one joint venture in the port at Hong Kong. There was no alliance in this deal, Singapore was bidding solely on it's own and China would have had no part in it if they had won the bid.

This is all just more isolationist fear mongering.


165 posted on 02/25/2006 7:00:03 AM PST by Elyse
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To: Elyse
There is no way I am an isolationist and I am I'm not vouching for any one article.

I'm currently collecting articles on this topic, since it seems Congress (my Rep. is Peter King and my Senator is Schumer) will be looking into the UAE deal and larger topic of port security. I welcome corrective input.

I like the fact that the UAE is competing with the Chinese, especially since the (partly) Chinese government run company (COSCO -- Clinton's friends) is making moves to increase their stake in world shipping and in running ports.

Is COSCO the world's second largest shipping company?

Did COSCO "acquire" a large company that is expert at handling port business? (COSTACO)

Is COSCO involved in a deal to buy a stake in a Greek port?

Did COSCO get a special exemption from US laws "discriminating" against state-owned shipping companies?

193 posted on 02/25/2006 8:08:13 AM PST by syriacus (Hillary: Millions to China's state-run shippers; not one RED cent to the UAE shippers)
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To: Elyse
Singapore and China had one joint venture in the port at Hong Kong. There was no alliance in this deal, Singapore was bidding solely on it's own and China would have had no part in it if they had won the bid...This is all just more isolationist fear mongering.

I doubt that the Chinese news source, People's Daily, is isolationist and it had a story about more ventures between PSA and COSCO.

COSCO to enhance Pacific line China Ocean Shipping Co (Group) Company (COSCO) is looking to expand its shipping capacity on the China-US line this year Thursday, January 08, 2004

Besides capacity expansion, COSCO is moving to buy more terminals in United States. COSCO will work with PSA Corp for terminals on the US East Coast.

PSA and COSCO just inaugurated their first joint venture terminal, the US$94.34 million COSCO-PSA Terminal, in Singapore.

On the locations being considered for COSCO-PSA ventures worldwide, Wei Jiafu, COSCO president said they would choose hub ports in the Mediterranean and US east coast.


367 posted on 02/25/2006 6:20:20 PM PST by syriacus (Hillary: Millions to China's state-run shippers; not one RED cent to the UAE shippers)
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