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To: Marine Inspector

That's a matter of opinion, I guess.

Anyway, Dubai Ports World loses either way. The Port Authority of New York/New Jersey has a clause in its lease requiring it to approve the transfer of any leases. DPW never sought that approval, and now the Port Authority is going to court to break the lease (and very likely to be able to do so, according to local reports.)

Not sure about Baltimore or Los Angeles, but I suspect local political pressure will force a similar outcome.

Local news coverage in NY has been very negative about this deal, with a lot of favorable PR for Schumer, Hillary, and the newly-appointed Senator Menendez of NJ.

Either way, DPW is not going to get the leases on these ports, and it's too bad the Republican Party is suffering for a lost cause.


62 posted on 02/26/2006 9:50:47 AM PST by nj26
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To: nj26
Anyway, Dubai Ports World loses either way. The Port Authority of New York/New Jersey has a clause in its lease requiring it to approve the transfer of any leases. DPW never sought that approval, and now the Port Authority is going to court to break the lease (and very likely to be able to do so, according to local reports.)

I just hope that New York/New Jersey has some company that can pick up the lost import traffic and revenue, not to mention the exports. They will most likely do more harm then good.

Not sure about Baltimore or Los Angeles, but I suspect local political pressure will force a similar outcome.

I would think they do, and the same thing will happen, more damage to the economy.

Local news coverage in NY has been very negative about this deal, with a lot of favorable PR for Schumer, Hillary, and the newly-appointed Senator Menendez of NJ.

Well, if the deal gets canceled, it will only help Hillary get into the White House. I'm not convinced terrorists are worst then Hillary

Either way, DPW is not going to get the leases on these ports, and it's too bad the Republican Party is suffering for a lost cause.

Canceling the deal will cost the Republicans more in the long run.

74 posted on 02/26/2006 10:03:04 AM PST by Marine Inspector (Government is not the solution to our problem; Government is the problem)
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