Not a "Port" Authority
But I'm going to try. There is way too much confusion surround this and the main stream media (MSM) is just going to town over this which usually means they aren't putting the full story out. So here I go, investigative Stacy, pulling up Google and figuring this thing out.
Dubai Ports World of the United Arab Emirates (UAE) is scheduled to take over management control of six east ports, those are, New York, New Jersey, Baltimore, New Orleans, Miami, and Philadelphia. Now, they are not taking over management from us. Britains P&O has managed the ports up until this point and they, per below, have just approved the take over by the UAE company. So really, what we are talking about halting here, is a sale that has had no USA involvement except that its on our land.
"P&O shareholders last week approved Dubai Ports World's $6.8 billion takeover, which would create the world's third-largest ports group. A British court is expected to give its final approval at a hearing scheduled for Feb. 27." Reuters
So essentially, we're all nervous because an Arab country will manage business at those ports but we weren't nervous when a foreign British company was managing those ports.
Not that I'm for this idea. But I find it difficult to believe that we can halt this merger/take over simply because we like the British better than we like UAE. That doesn't seem like a fair system. So on that I side with the President and his call for a veto.
But more on this company, Dubai Ports. First of all, they announced that they were taking over P&O on February 13th. The have facilities on every continent except North America.
The more I look at this the more I think people heard the word Arab and went nuts. Granted, the UAE is not the greatest or nicest country one has ever done business with. But Japan killed many people at Pearl Harbor and we still buy their cars. This is strictly business, and not our business at that. Its UAE and British business. If we don't want foreign businesses on our soil, that's a whole different matter, but how can we say this company can be here if its British, but not if its Arab? And further more, if we refuse to allow them to do business here, what will that do to the British P&O? Their employees? Their shareholders or what have you? I imagine this deal would be for much less if they had to take out the American portion.
Now, I don't know exactly what side of the fence I'm on on this. First of all, I don't think GW will veto. He's just not going to do that if both sides are screaming for a stop to this. And further more, I think it needs to be added that we're not saying no sale, we're just asking for more disclosure. And asking what security will look like. I've been told that security on all these ports, regardless of who their management is run by, is handled by the Coast Guard, etc. And I trust those guys to manage my safety.
What I don't trust is some UAE terrorist who works at Dubai World and decides now is a good time for him to join the jihad. So because I see that opening, I call for more disclosure.
And I have read that this whole thing makes Dubai the second largests company of this kind after this sale goes through, and that they got this merger after an ugly bidding war with Singapores PSA. And this deal stands to make a lot of people in UAE a lot of money.
The thing that bothers me. The people that vetted this deal to be sure it complied with national security have ties to Dubai. Reference below:
"First, Treasury Secretary John Snow was chairman of CSX before joining the Bush Administration. The following year, CSX sold its international port operations to DP World for $1.15 billion. Snow's Treasury Department was in charge of the Committee on Foreign Investment review, required under Exon-Floria, that approved the sale as having no impact on national security. Others include Secretaries of State, Defense, Homeland Security, and Commerce. Second, David Sanborn manages DP World's European and Latin American operations. The Bush Administration named him to head the U.S. Maritime Administration less than four weeks ago. This key position "report[s] directly to Norman Mineta the Secretary of Transportation and Cabinet Member." US Politics
So right away I see a conflict of interest between those that approved this and those that want it.
And again, my biggest problem is that Jimmy Carter likes it. If Jimmy Carter likes it that means its a bad, bad, bad idea. Bar none.
Dubai Ports World of the United Arab Emirates (UAE) is scheduled to take over management control of six east ports, those are, New York, New Jersey, Baltimore, New Orleans, Miami, and Philadelphia. Now, they are not taking over management from us. Britains P&O has managed the ports up until this point and they, per below, have just approved the take over by the UAE company. So really, what we are talking about halting here, is a sale that has had no USA involvement except that its on our land.
"P&O shareholders last week approved Dubai Ports World's $6.8 billion takeover, which would create the world's third-largest ports group. A British court is expected to give its final approval at a hearing scheduled for Feb. 27." Reuters
So essentially, we're all nervous because an Arab country will manage business at those ports but we weren't nervous when a foreign British company was managing those ports.
Not that I'm for this idea. But I find it difficult to believe that we can halt this merger/take over simply because we like the British better than we like UAE. That doesn't seem like a fair system. So on that I side with the President and his call for a veto.
But more on this company, Dubai Ports. First of all, they announced that they were taking over P&O on February 13th. The have facilities on every continent except North America.
The more I look at this the more I think people heard the word Arab and went nuts. Granted, the UAE is not the greatest or nicest country one has ever done business with. But Japan killed many people at Pearl Harbor and we still buy their cars. This is strictly business, and not our business at that. Its UAE and British business. If we don't want foreign businesses on our soil, that's a whole different matter, but how can we say this company can be here if its British, but not if its Arab? And further more, if we refuse to allow them to do business here, what will that do to the British P&O? Their employees? Their shareholders or what have you? I imagine this deal would be for much less if they had to take out the American portion.
Now, I don't know exactly what side of the fence I'm on on this. First of all, I don't think GW will veto. He's just not going to do that if both sides are screaming for a stop to this. And further more, I think it needs to be added that we're not saying no sale, we're just asking for more disclosure. And asking what security will look like. I've been told that security on all these ports, regardless of who their management is run by, is handled by the Coast Guard, etc. And I trust those guys to manage my safety.
What I don't trust is some UAE terrorist who works at Dubai World and decides now is a good time for him to join the jihad. So because I see that opening, I call for more disclosure.
And I have read that this whole thing makes Dubai the second largests company of this kind after this sale goes through, and that they got this merger after an ugly bidding war with Singapores PSA. And this deal stands to make a lot of people in UAE a lot of money.
The thing that bothers me. The people that vetted this deal to be sure it complied with national security have ties to Dubai. Reference below:
"First, Treasury Secretary John Snow was chairman of CSX before joining the Bush Administration. The following year, CSX sold its international port operations to DP World for $1.15 billion. Snow's Treasury Department was in charge of the Committee on Foreign Investment review, required under Exon-Floria, that approved the sale as having no impact on national security. Others include Secretaries of State, Defense, Homeland Security, and Commerce. Second, David Sanborn manages DP World's European and Latin American operations. The Bush Administration named him to head the U.S. Maritime Administration less than four weeks ago. This key position "report[s] directly to Norman Mineta the Secretary of Transportation and Cabinet Member." US Politics
So right away I see a conflict of interest between those that approved this and those that want it.
And again, my biggest problem is that Jimmy Carter likes it. If Jimmy Carter likes it that means its a bad, bad, bad idea. Bar none.
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