Posted on 03/10/2006 2:06:13 PM PST by syriacus
I knew there were a few American companies fully capable of operating a port terminals.
Stop apologizing for bureaucratic idiots at the Treasury Dept. and for this administration's incompetence.
That ought to set off the Bushbots.
One thing was learned; Don't partner with Eller & Co. I think that Eller is looking for a fire sale deal.
It seems that all sorts of collaborations are arranged.
For example,...
a terminal at the Port of Long Beach is operated by a joint venture between COSCO (Red China's government-owned shipping company) and a U.S. company, Stevedoring Services of America.
"COSCO is the majority lease holder with 51 percent, says Wong.Foreign involvement is nothing new [COSCO --Chinese gov't co-- runs terminals]
Odd that COSCO gets to run a terminal, since COSCO is considered by Red China to be an arm of its military.
Actually DPWorld legally owns the former P&O terminals as of right now(actually since March 2nd).
Congress could always do the communist thing and take them away.
Gee how does it feel to be another hugo chavez.
That's for sure. They sound like cutthroats. No wonder Schumer felt "simpatico" with them.
You know, the DPW port offer sounds a little large for what they would be getting. You don't guess the Islamists in charge of things in Dubai were willing to pay a premium to get some eyes and ears on the ground at Norfolk and Beaumont to keep tabs on the US military, do you?
Between the ports deal and the open borders......well, I don't want to start whaling on the administration right before supper.
Exactly, corrupt crony DNC capitalism at it's finest(worst), but some on FR are cheering on the thugs, such as regulator.
I'll bump this up. There was/is an American company interested. If they went to court, they appear willing to deal with the unions.
"Odd that COSCO gets to run a terminal, since COSCO is considered by Red China to be an arm of its military."
That was Clinton's doing, and it's the gift that keeps on giving ... prior to intervention by Clinton, it was not possible for a state-owned entity to lease a terminal. COSCO was often cited as precedent for the DP World deal, a sort of "well, looky looky at the Communists on the west coast, they're worse" attempt at justification, when in truth they shouldn't be there, either. There was a huge outcry at the time, and the inital deal was squelched. It would be interesting to see just when they snuck in the back door, and who was or is accountable for this, which could reasonably be described as a breach of the public trust.
This is almost like Kelo, except they didn't go judge shopping, they whipped up hysteria and ignorant and gutless politicians went along.
Whoaaaa one disaster at a time.
From the above article:
``We think we are one of the companies [who could buy it]. We have been in the business for 70 years. We could do it.''
They've been in business 70 years. They will be out of business in three years, because?
"some on FR are cheering on the thugs, such as regulator."
The devil you know, over the one you don't.
The day that union thugs and mobsters start flying planes into office buildings and plotting to nuke a US city or two, you'll have a point, and I will concede. Until then, you don't.
They can't afford to pay LSM doctor's wages. They're making a sale's pitch but in reality the equity for the real estate would be just as much incentive to sell in a few years. If they can buy it and survive, more power to them but I wouldn't chance it.
"The smaller players can't compete without their friends in Congress. Chuckie Schumer was lobbied months ago by Eller to go after DP Ports."
How much did DP Ports spread around?
Could they have withstood an "investigation" - the normal one, not the quickie review by govt. underlings?
Or has Eller always worked with in collaboration with companies like P&O Ports North America, when running a terminal?
I'll try to find the answer later, if I find time.
The day that union thugs and mobsters start flying planes into office buildings and plotting to nuke a US city or two, you'll have a point, and I will concede. Until then, you don't
And get back to me when those same union thugs provide essential logistical support for the US Navy and US Armed services on the WOT that the UAE has.
I'll be waiting a long time, IMO.
Maybe Judge Greer is moving on up.
You took the words right out of my post. If I've heard that one time from the uae supporters, I've heard a thousand.
"They're making a sale's pitch but in reality the equity for the real estate would be just as much incentive to sell in a few years."
What equity is gained with leased real estate?
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