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Mexico City – U.S. Treasury Secretary John W. Snow lauded Mexico on Thursday for instituting strong macroeconomic policies, saying that under the leadership of President Vicente Fox and Mexican Treasury Secretary Francisco Gil, "the finances of Mexico have improved dramatically." Snow also said it would not matter to Mexico's economy if Fox's conservative government were replaced by a leftist administration next year as long as the new administration continues with "good (economic) policies." In a joint news conference with Gil, Snow commended Mexico for being an economic leader in Latin America, saying "its voice is important for the region." The...

Is Carlyle Group at heart of DPW deal? Posted: March 3, 2006 1:00 a.m. Eastern © 2006 WorldNetDaily.com What does Dubai Ports World have in common with CSX, Treasury Secretary John Snow, and the Bush Family? The Carlyle Group is the answer currently gaining ground on the Internet. What once seemed the propaganda ramblings of none other than "Fahrenheit 911's" Michael Moore may end up becoming the subject of the Senate's upcoming investigation into what Washington insiders are beginning to call the "Dubai Debacle." As reported in the Guardian as early as 2001, Bush '41 and '43 have been connected...

DANBURY, Connecticut - Rejecting an Arab company's takeover of operations at key U.S. ports would have sent a bad signal about investment in the United States from "certain parts of the world," Treasury Secretary John Snow said on Wednesday. The purchase of a British company that runs several U.S. ports by state-owned Dubai Ports World has created a furor on Capitol Hill, with many lawmakers saying the deal should be overturned because of security concerns. "Our failing here, if there was a failing, was in explaining this process," Snow told reporters as he visited a plant that makes fuel cells,...

President George W. Bush’s appointed U.S. Secretary of the Treasury John Snow has a direct link to Dubai Ports World, the state-owned company in the United Arab Emirates poised to take over shipping operations at six major U.S. seaports in early March. Snow was chairman and chief executive officer of CSX Corporation when nominated by Bush to serve as U.S. Secretary of the Treasury on December 9, 2002. On December 8, 2004 Dubai Ports International (Dubai Ports) purchased CSX for US$1.15-billion. The transaction, underwritten by Deutsche Bank, was expected to be completed in the first quarter of 2005.

See for example this thread first. Republicans and Dems decry The idea that folks in Dubai could own a Brit firm. And what makes them squirm? We might wave security “buh-bye!” Bush lacks his own party’s support For a deal which will give the port of…um, Baltimore and yes, several more to the UAE. See you in court? Full Disclosure: According to The Anti-Idiotarian Rottweiler, ”Michelle Malkin’s site has been banned by the United Arab Emirates. Hey, Dubya, are you listening? Politically, this is gonna dwarf the Harriet Miers debacle soon. Even though it isn’t really that bad. Or are...

t really is true that lies have short legs. One way or another, liberals always end up contradicting themselves, tacitly acknowledging that their pronouncements are more political artifice than statesmanlike artistry, more incitive than insightful. What brings this to mind is the controversial plan allowing the Dubai-based company DP World to assume managerial responsibilities at six major US seaports. In the piece I just wrote in opposition to the Arab takeover, I quoted Senator Chuck Schumer, who has become a strange bedfellow in his leading of the charge to scuttle the arrangement. Having a nose capable of detecting political opportunity...

WASHINGTON - Lawmakers determined to capsize the pending sale of shipping operations at six major U.S. seaports to a state-owned business in the United Arab Emirates said President Bush's surprise veto threat won't deter them. Bush on Tuesday brushed aside objections by leaders in the Senate and House that the $6.8 billion sale could raise risks of terrorism at American ports. In a forceful defense of his administration's earlier approval of the deal, he pledged to veto any bill Congress might approve to block the agreement. The sale's harshest critics were not appeased. "I will fight harder than ever for...

NEW YORK -(Dow Jones)- U.S. Rep. Curt Weldon, R-Pa., said the Bush administration's presentation of the deal by a Dubai-based company to purchase the operating rights of six major U.S. ports "almost smacks of an arrogance" in its dealings with Congress. Weldon, vice chairman of the House Armed Services and Homeland Security Committees, made the statement Tuesday afternoon in an interview on Cable News Network. Dubai Ports World (DPW.YY), owned by Dubai's government, is set to purchase U.K.-based Peninsular and Oriental Steam Navigation Co. (PO.LN), which runs the ports of Baltimore, Miami, New Jersey, New Orleans, New York and Philadelphia....

21:45 EST Wednesday, December 08, 2004 DUBAI, HONG KONG and JACKSONVILLE, Fla., Dec. 8 /PRNewswire-FirstCall/ -- Dubai Ports International ("DPI"), one of the world's leading port operators, announces that it has signed a definitive agreement with CSX Corporation (NYSE: CSX) to acquire the international terminal business conducted by CSX World Terminals ("the Company") and other related interests for a cash consideration of US$1.15 billion, subject to customary adjustments. The transaction will be financed from a committed facility arranged and underwritten by Deutsche Bank. Completion of the transaction is expected to take place in the first quarter of 2005 CSX World...

DUBAI — The sale of the London-based Peninsular and Oriental Steam Navigation Co. (P&O) to the Dubai Ports World (DPW) will push through despite opposition from some circles in the US, including a reported lawsuit filed by a company operating at the Port of Miami. "The administration has conducted a very thorough inter-agency review led by Treasury Secretary John Snow, and it was determined that the sale was fine," said US Under-Secretary for Public Diplomacy Karen Hughes during a meeting with the Press yesterday.

Detroit WHEN TREASURY SECRETARY John Snow announced guidelines for a new tax cut for the rich here last week, liberals did not denounce him. That's because the proposed tax breaks were for gasoline-electric hybrid vehicles, the favorite ride of environmentalists this side of bicycles. But the dirty secret about hybrids is that, even as the government continues to fuel their growth with tax subsidies, they don't deliver the gas savings they promise.Most cars and trucks don't achieve the gas mileage they advertise, according to Consumer Reports. But hybrids do a far worse job than conventional vehicles in meeting their Environmental...

DETROIT (Reuters) - U.S. Treasury Secretary John Snow, aiming to boost the ailing domestic auto industry and encourage conservation, on Friday outlined details of proposed tax breaks for people who buy hybrid gasoline-electric vehicles. ADVERTISEMENT At a Ford Motor Co. research center in suburban Detroit, Snow discussed tax policy changes that would give people who buy or lease increasingly popular hybrid cars and trucks a tax credit up to $3,400.

WASHINGTON (Reuters) - U.S. Treasury Secretary John Snow warned lawmakers on Thursday that a legally set limit on the government's ability to borrow will be hit in mid-February and urged Congress to raise it quickly. Failure to do so potentially risks throwing the country into its first default in history, Snow warned in what has become virtually an annual rite as U.S. borrowing needs spiral. "The administration now projects that the statutory debt limit, currently $8.184 trillion, will be reached in mid-February 2006," Snow said in a letter to 21 members of the U.S. House of Representatives and Senate released...

Earlier this month, U.S. Treasury Secretary John Snow paid a friendly visit to Mexico. He met with his Mexican counterpart, Secretary of Hacienda Francisco Gil Díaz, and the two issued a communiqué of mutual cooperation at the end of their talks. They talked about generating private financing for Mexican development, mainly by way of a proposal that would have the Inter-American Development Bank (IDB) increase its lending to private investors for projects that had previously been considered — and in Snow's country still are considered — the responsibility of the public sector, projects like roads, ports and bridges. The privatization...

WASHINGTON, Dec 14 (Reuters) - The U.S. economy's recent strength, with plentiful new jobs and little inflation, has legitimized the Bush administration's economic approach, Treasury Secretary John Snow on Wednesday. The White House strategy to cut taxes on labor and capital and spur entrepreneurial activity has triggered an economic recovery resilient enough to endure a series of Gulf Coast hurricanes, and it is likely to continue, Snow said. "Along with sound monetary policy from the Federal Reserve, these policies are delivering results and proving the pessimists and naysayers wrong," he said in prepared remarks for a joint press conference with...

There may be 26 holiday parties in 21 days at the White House this month, but the mood in the West Wing is anything but merry. True, President Bush's recent Iraq speeches have put the White House back into comfortable blasts of campaign mode, but a lot of staff members say that they are feeling burned out and beaten down. So talk has intensified after a miserable year - Iraq, Hurricane Katrina, the C.I.A. leak investigation, Iraq - about staff changes and who may be leaving in January. "I hope you know that coming into a new year, some people...

Dear Secretary Snow, The final report of the President's tax Reform Panel has been laid at your feet for your team's review. I hope you will give the report the same score as most Americans and Tax groups have given it - Grade F. This Failed report needs to be thrown out and a better solution presented to the President and the American People. Please correct the mistakes of the Tax Reform Panel and submit an "A" Paper of your own. The Panel's failure to properly meet the goals that the President laid down would have had Donald Trump saying,...

For education and discussion only. Not for commercial use.Secretary Snow's Beijing Cave-In Leaves American China Policy Critics No Choice But to Fight White House Many American manufacturers and Members of Congress say that they're angry about China's currency manipulation, and that they're pushing the Bush administration hard to do something about it. Now we'll see if they really mean it. For on his recently concluded trip to China, Treasury Secretary John Snow made it clear as a bell that he and President Bush have decided to respond to China's intransigence by caving in. Not that Bush and Snow ever tried...

Brussels – John Snow, the US Treasury secretary, on Tuesday urged European leaders to stop using anti-capitalist rhetoric or risk losing US investment. Mr Snow, on a visit to Brussels, urged European governments to proceed with free-market reforms and not adopt words or policies that deter investors. The comments came amid rising criticism in France of “Anglo-Saxon” capitalism and anti-business language from Germany's ruling Social Democrats. Hedge fund managers and private equity investors were denounced recently as “locusts” by Franz Müntefering, the Social Democrat leader. In an interview with the Financial Times, Mr Snow said any move away from free...

Snow: China Must Change Currency Policies By MARTIN CRUTSINGER, AP Economics Writer 2 hours, 43 minutes ago WASHINGTON - China is likely to move within months to adopt a more flexible currency system as U.S. officials have been prodding it to do, Treasury Secretary John Snow said Thursday. ADVERTISEMENT However, skeptical lawmakers said the Chinese were not likely to scrap their current system unless the Bush administration applies more pressure, and even Snow himself said of his prediction of change: "I may have to eat those words in six months." Appearing at a Senate Banking Committee hearing, Snow defended the...