Free Republic

The silence on Capitol Hill has been deafening. On April 28, 2006 the White House announced the approval by President George Bush regarding the Committee on Foreign Investments in the United States (CFIUS) of its recommendation that Dubai International Capital LLC (DIC), a subsidiary of Dubai Holding and a Dubai government owned conglomerate, to assume the U.S. operations of Doncasters Group Ltd. Just seven weeks prior, there was political posturing, grandstanding and outrage expressed by both political parties in the U.S. Congress when it was revealed, through the U.S. media, that Dubai Ports World, also of Dubai Holding, would takeover...

By Susan Cornwell WASHINGTON (Reuters) - U.S. lawmakers from both parties warned on Thursday against overreacting to a failed effort by a Dubai company to purchase U.S. port terminals, saying laws that discourage foreign investment in the United States could result. "If Congress makes it too onerous to invest in this country, why would anyone in their right mind do business here?" said Mike Oxley, chairman of the House of Representatives Financial Services Committee. "Labor is cheap in China, resources are cheap in South America, markets are huge in Europe," the Ohio Republican told a subcommittee hearing on overhauling the...