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(AP) Who'll Buy Dubai's U.S. Port Operations? (O.K. geniuses, now what?!)
TownHall ^ | March 10, 2006 | TED BRIDIS

Posted on 03/10/2006 6:43:14 AM PST by teddyballgame

The Dubai-owned company that pledged to surrender its $700 million worth of U.S. port businesses amid a furor on Capitol Hill wants to guarantee it doesn't lose money on the deal. But now that DP World is out of the political frying pan, it could find itself confronting a fire sale of its American assets.

Faced with unrelenting pressure from Congress, Dubai's ruler said DP World will transfer to an unspecified American company all U.S. port operations it acquired when it paid $6.8 billion for London-based Peninsular & Oriental Steam Navigation Co.

In its statement, DP World said its decision was based on the understanding that it will have time to coordinate the complex transfer and that "DP World will not suffer economic loss."

(Excerpt) Read more at townhall.com ...


TOPICS: News/Current Events
KEYWORDS: dpworld; ports; taliban
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To: Sally'sConcerns

Well, yes dp has been given tremendous leeway. For example, is there a time limit on consumating this sale? No, there is not. Therefor they do not have to take the first bid that shows up. Obviously, dp did not do its due diligence either, when you purchase something you need to know if it is was you think it is. In this case, dp purchased something without doing its homework. Again, the free market will rule in this matter, like it or not.


121 posted on 03/12/2006 12:57:11 AM PST by son of caesar
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To: son of caesar
Well, yes dp has been given tremendous leeway. For example, is there a time limit on consumating this sale? No, there is not. Therefor they do not have to take the first bid that shows up. Obviously, dp did not do its due diligence either, when you purchase something you need to know if it is was you think it is. In this case, dp purchased something without doing its homework. Again, the free market will rule in this matter, like it or not.

Whoa! You're trying to claim DPW didn't do due diligence or its homework? How in the world did you arrive at that conclusion? DPW went through the process of getting approval through the appropriate government entities in order to operate the facilities they purchased. We gave them approval and then after the sale was consumated, we withdrew approval. Please enlighten me as to how the free market will rule when we are forcing a sale of assets which with strict conditions as to who can purchase those assets?

Regretfully I don't think you know what you're talking about.

122 posted on 03/12/2006 2:26:47 AM PST by Sally'sConcerns (Native Texan, now in SW Ok.)
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To: Sally'sConcerns

Oh yea, of course I dont know what Im talking about. Of course you sit on dps board of directors and you also are a consultant to the world wide shipping industry, not to mention you are probably a business atty specializing in port transactions. Give me a break, no one knows the entire story here, nor will they ever. Fyi, dp never got the certificate for operating standards, ie, they are not legally able to manage that port. Obviously, in this case the denial was political, however, dp did not secure the certificate prior to completing this transaction. Get it now? I bet you dont.


123 posted on 03/12/2006 4:21:30 AM PST by son of caesar
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To: neutrino
Now, let's extend that to the rest of our industry.

And then, we can end outsourcing.

That's called communism, but then you knew that, didn't you?

124 posted on 03/12/2006 4:53:56 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: bigeasy_70118
UAE is still an active supporter of Hamas. Ergo, they're with the terrorists and should not be involved in our port operations.

Really? Somebody should tell Israel because they supported the UAE deal, but what the heck do they know about security anyway?

125 posted on 03/12/2006 5:00:57 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: The Old Hoosier; Final Authority

Mitt doesn't stand a chance but it's not because he's Mormon, it's because he comes from MA and all the rest of the country thinks of when they think of MA is a virulantly liberal state that allowed the courts to impose same sex marriage under his watch. THAT is the plain and simple truth of the matter.


126 posted on 03/12/2006 5:05:04 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: McGavin999
That's called communism, but then you knew that, didn't you?

Wrong. It's called economic patriotism.

One must decide which one values more; the health and well-being of ones country, or lower prices to consumers.

So, then; if you treasure lower prices for imported Chinese crap above your country, what label shall we apply to you?

127 posted on 03/12/2006 5:20:24 AM PST by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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To: neutrino
Right, and that's what the Soviet Politburo called it when they nationalized things too. Telling people who they can do business with and how they can do business is socialism on steroids
128 posted on 03/12/2006 5:27:10 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: McGavin999
Telling people who they can do business with and how they can do business is socialism on steroids

So when the founders of the United States maintained tariffs to protect our domestic industry, they were communists?

I begin to wonder whether you're quite serious, or simply doing a send-up of the typical free-traitor attitudes!

129 posted on 03/12/2006 5:29:45 AM PST by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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To: son of caesar

Oh please. The damage to overseas investment in America from Arab countries may just approach incalculable.

Not to mention the additional $$$ we will probably have to pony up big time, in order to keep our intel flow going.

I can't believe how narrow visioned people are on this entire debacle. We're going to be paying for this for a looooong time, hope it's just out of the pocketbook and not with American military or civilian lives.

Thank you, congressional republicans. Feh!


130 posted on 03/12/2006 5:33:55 AM PST by prairiebreeze (Dear Congressmoron.....)
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To: neutrino
No, but that was 200 years ago and we weren't quite up to competition. Are you saying the US needs a few Mulligans in order to compete? Are yous saying we're not good enough?

You want the American taxpayer to suppliment some company because they weren't able to compete against a foreign company unless they get "special privilages" (that reads US taxpayer welfare for them)

131 posted on 03/12/2006 5:49:14 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: McGavin999
Are yous saying we're not good enough?

It's not in the national interest to reduce our people to earning the same slave wages as workers in China. It's also not in our national interest to denude ourselves of industrial infrastructure.

Speaking of corporate welfare, please note that tax benefits accrue to companies that send American jobs to other countries.

I also note with surprise that an American president has been seen in India, reassuring them that the flow of American jobs to India would not be reduced. I was under the impression that an American president was supposed to promote the best interests of Americans.

Economic patriotism - is that really too much to ask?

132 posted on 03/12/2006 5:55:55 AM PST by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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To: neutrino

You know, after reading your posts I understand why you are frightened. You can't compete and the only way you think you can keep your job is if I and all other US taxpayers sacrifice for you. You want me to pay more for things so you can continue to make a living because you are not willing to get more competitive or learn new ways. For you, socialism is the only hope. They do that in france you know, and the result is year after year with fewer and fewer jobs, an economy that is falling apart, a lower standard of living, and smothering taxes. Guess that's what you want for here. Wouldn't it be easier on you if you moved to a country where what you want is already their way of doing business instead of trying to remake America?


133 posted on 03/12/2006 6:10:39 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: McGavin999
You make erroneous assumptions.

I shall quote from your profile:

If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; and may posterity forget that ye were our countrymen.

- Samuel Adams

If ye love wealth greater than liberty.

Sounds as if he wouldn't have cared for free traitors any more than I do.

134 posted on 03/12/2006 6:17:31 AM PST by neutrino (Globalization is the economic treason that dare not speak its name.(173))
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To: neutrino
So, U.S. companies would concentrate on our domestic marketplace - arguably the biggest, richest market in the world - while permitting other countries to concentrate on their domestic markets.

Sounds good!

I am speechless. I never thought we would have to convince people that international trade is a good thing.

135 posted on 03/12/2006 6:22:26 AM PST by TN4Liberty (Sixty percent of all people understand statistics. The other half are clueless.)
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To: joesnuffy
stock borker

is that kinda like a stork bocker?

136 posted on 03/12/2006 6:24:06 AM PST by TheRightGuy (ERROR CODE 018974523: Random Tagline Compiler Failure)
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To: neutrino
So limiting individual liberty to purchase goods where best they can be found for the best price is your idea of freedom? Forcing others to pay more because you are AFRAID of competion is your idea of liberty? Ah, I see, liberty for YOU and not for ME, is that how it works.

Sounds to me like YOU are the one worried about wealth, because you're not good enough to win in fair competion. The only way you can make it is if they lock out your competitors.

137 posted on 03/12/2006 7:20:13 AM PST by McGavin999 (I suggest the UAE form a Joint Venture Partnership with Halliburton & Wal-Mart)
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To: teddyballgame

"O.K. geniuses, now what?!"

I'm sorry, I missed that headline on 9/11. I expect you would have run it then too, eh?

138 posted on 03/12/2006 7:23:20 AM PST by bvw
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To: APRPEH
The Beast would make mince-meat out of the Mitt.


139 posted on 03/12/2006 7:34:47 AM PST by pop-gun
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To: teddyballgame

Just guessing, how about Crowley Maritime Corporation
http://www.crowley.com/aboutus/company-overview.asp


140 posted on 03/12/2006 7:37:00 AM PST by TheForceOfOne (Memogate - Dan Rathers Little Big Horn.)
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