More info on port deal:
Chertoff Defends UAE Port Deal
Fox News.com ^ | 2/20/06 | Fox News; AP
Posted on 02/20/2006 7:28:25 AM PST by standingfirm
WASHINGTON — Homeland Security Secretary Michael Chertoff is defending the Bush administration's review of an international shipping deal two days after one company in the Port of Miami sued to prevent an Arab-owned firm from taking over port operations.
Meanwhile, lawmakers also are considering legislation to stop foreign-owned companies from running U.S. ports.
Chertoff on Sunday said the U.S. Committee on Foreign Investment in the United States, or CFIUS, had carefully reviewed the Dubai Ports World purchase of London-based Peninsular and Oriental Steam Navigation Co., which runs commercial operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
"We make sure there are assurances in place, in general, sufficient to satisfy us that the deal is appropriate from a national security standpoint," Chertoff told ABC's "This Week."
That doesn't sit well with Miami firm Continental Stevedoring & Terminals Inc., a subsidiary of Ellery & Company Inc. Representatives from that company asked a judge to block the takeover of P&O,
(Excerpt) Read more at foxnews.com ...
http://www.freerepublic.com/focus/f-news/1582127/posts
398 posted on 02/20/2006 11:27:35 AM EST by Seattle Conservative
Jebus.....thanks. When I have a day or two, I'll read it all... :)