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To: oceanview
there are plenty of US assets for the UAE to buy that does not involve critical infrastructure or defense related companies

Yes, but they don't want those.
79 posted on 03/21/2006 7:37:57 PM PST by hedgetrimmer ("I'm a millionaire thanks to the WTO and "free trade" system--Hu Jintao top 10 worst dictators)
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To: hedgetrimmer
The reason UAE wanted the management contracts for a handful of terminals (all owned by state governments and therefore BEYOND Congressional jurisdiction) was to enable shipping companies in which they hold an interest to have priority in unloading.

I did a quick analysis of the deal and it looked like UAE was going to make a profit of $100 per day per terminal at most!

This was a chump change deal insofar as profits on terminals were concerned. The real money is made getting the ships in, unloaded, reloaded and on their way again.

A casino is not an adequate substitute.

95 posted on 03/21/2006 7:47:05 PM PST by muawiyah (-)
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