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Originally posted by Oilbourse2006
UAE Port Deal Dead!
Just reported on CNN
CNN Port Deal Dead
And Bush saves face!
Originally posted by Oilbourse2006
UAE Port Deal Dead!
Just reported on CNN
CNN Port Deal Dead
And Bush saves face!
Originally posted by MadGreebo
Good for the USA!
This deal really had me worried that I would wake and watch a nuke sail inot a harbour and wipe out thousands...good news i'd say.
Originally posted by 12m8keall2c
Personally, I'll have to wait until more information is available regarding just who/what the "US entity" turns out to be.
Originally posted by ThatsJustWeird
It's still only 4% or whatever of cargo that is screened.
Originally posted by MadGreebo
Good for the USA!
This deal really had me worried that I would wake and watch a nuke sail inot a harbour and wipe out thousands...good news i'd say.
Originally posted by AtlantisAgain
- TOTAL BOGUS DISTRACTION -
So Congress is in 'security conscious mode' now, huh? Let's see if you hear a peep about Communist Chinese port ownership OR our barely protected bottom border, for starters.
I still have faith that the people will see through this 'bi-partisan' political scam and kick out every incumbent in government.
[Not related subject matter, but I find it interesting how Hillary Clinton and Trent Lott have teamed up to try to return FEMA to an independent gov't entity ]
Originally posted by AtlantisAgain
So Congress is in 'security conscious mode' now, huh? Let's see if you hear a peep about Communist Chinese port ownership OR our barely protected bottom border, for starters.
External Source
Without much oil under its sands, Dubai is no petro powerhouse. But you can't beat it for being the most colorful sheikdom in the Middle East--or the most ambitious. What other desert land can claim one of the world's largest indoor ski slopes, featuring fresh powder year round? While flying in on the stylish, state-owned Emirates Airlines, you might notice the artificial islands in the shape of a palm tree or the 56-story Burj al-Arab hotel, as tall as the Eiffel Tower, built like a billowing sail. Westerners are welcome, along with their vices. Europeans in bikinis mingle on the beach with Muslim women in abayas; alcohol flows freely at Dubai's nightclubs and resorts.
The decision by Dubai Ports World to abandon its effort to take over terminal operations at six U.S. seaports was a victory for the numerous politicians who have thundered in recent days that foreign companies have no business handling U.S. port operations.
But foreign firms remain deeply embedded in nearly every major port in the country. And transferring ownership of those operations to U.S. companies could cause serious problems in an industry in which nearly all of the shipping is controlled by foreign interests.
Because of the Dubai ports flap, the public has learned that the majority of terminals at U.S. ports -- especially big ones such as Los Angeles and Long Beach in California, and New York and New Jersey -- are managed by companies from Singapore, Taiwan, Denmark, South Korea and other countries. And as President Bush pointed out in defending the Dubai Ports World deal, the port-management company targeted for takeover, Peninsular and Oriental Steam Navigation Co., is British.
Originally posted by futuretense
Now is it a bad trade off??
You bet it is...