Hope everyone enjoys watching their investments falter.
Rush just now: "Dubai Port World just gave us the middle finger"
DUBAI PORT WORLD HAS JUST ANNOUNCED THEY ARE DIVESTING OF ALL AMERICAN INTERESTS.
....just great, just great.....
Well, they are even more stupid than I thought. Maybe the Chinese will pick up the slack.
Time for us to reciprocate with other "ALLIES" in the region. Two can play that game.
We are now the laughing stock of the world.
Payback however will be satisfying...:-)
But our efforts now in the Middle East have been severely hampered and this has only begun to play out.
We have insulted our best strategic ally in the area and it will be very costly....
MSNBC: A Senate Republican says a Dubai-owned company has decided to give up its management stake in some U.S. ports... Developing...
They are just announcing that they will sell off the U.S. subsidiaries that hold the terminal contracts.
I don't know who is going to buy them, or how long it will take them to sell them. It probably will mean a loss for them, I'm sure they aren't worth as much now that everybody knows congress will react without regard to facts.
Odd how a company who the opponents say bought P&O simply to subvert our port security seems so willing to bend over backwards to mollify our unfounded fears.
I suppose all those who complained about "blackmail" on the thread will now praise DP World for being a good "friend" who turns the other cheek when attacked.
But like Ted Kennedy said to Mary Joe -- "Don't hold your breath waiting".