Time Online is reporting that the White House, Congress, and the UAE are working on a new port compromise:
Moving toward a deal that could allow President Bush and congressional GOP leaders to save face and avert a prolonged confrontation, GOP officials said today that they were discussing the idea of having Dubai Ports World seek a new review of its acquisition of a British company's operation that runs several key U.S. ports.
House Homeland Security Committee Chairman Peter King, confirmed in a phone interview early Saturday afternoon to TIME that officials were close to a deal involving the Congressional leadership, the White House and the Dubai company. The agreement would call for a 45-day "CFIUS-plus investigation," King said, referring to the Committee on Foreign Investment in the United States, a Treasury Department-run interagency panel that probes proposed acquisitions in the U.S.
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Comments (6)
And that will accomplish wh... (Below threshold)1. Posted by Seixon | February 26, 2006 1:07 AM | Score: 0 (0 votes cast)
And that will accomplish what exactly? Does anyone think that the CFIUS will come to any other conclusion than the one they already have?
1. Posted by Seixon | February 26, 2006 1:07 AM |
Score: 0 (0 votes cast)
Posted on February 26, 2006 01:07
2. Posted by Daniel | February 26, 2006 1:57 AM | Score: 0 (0 votes cast)
i realize that this will, in however small a way, affect our ports; but why the hell do bush and congress need to work out a deal to allow one foreign company to buy up another foreign company? could somebody explain that to me?
2. Posted by Daniel | February 26, 2006 1:57 AM |
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Posted on February 26, 2006 01:57
3. Posted by JimK | February 26, 2006 3:22 AM | Score: 0 (0 votes cast)
Because the result is control of U.S. terminals at U.S. Ports ON U.S. SOIL.
Duh.
3. Posted by JimK | February 26, 2006 3:22 AM |
Score: 0 (0 votes cast)
Posted on February 26, 2006 03:22
4. Posted by Seixon | February 26, 2006 3:34 AM | Score: 0 (0 votes cast)
It will still be US companies, subsidiaries of the British company (and other companies such as Maersk), running the ports. With American workers. With American bosses.
Hell, the only Arab in the management of the UAE company is the CEO. The rest of them are Americans, Europeans, and Indians.
Something I think the CFIUS is perfectly aware of, which is why the 45-day investigation will be a complete waste of time and tax-payers money. Oh well, I guess we have to pull out all the stops for the folks who won't accept the facts as they are.
4. Posted by Seixon | February 26, 2006 3:34 AM |
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Posted on February 26, 2006 03:34
5. Posted by Marc | February 26, 2006 3:35 AM | Score: 0 (0 votes cast)
Correct me if I'm wrong, but I have yet to hear Sen, Kerry quoted on anything related to the DP World deal.
Strange for a bloviating buffoon. Maybe I just misssed it.
Or maybe as a member of the Committee on Commerce, Science and Transportation and the Subcommittee on Fisheries and the Coast Guard he knew about this deal way back in November and signed off on it.
Or he failed to "report for duty."
5. Posted by Marc | February 26, 2006 3:35 AM |
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Posted on February 26, 2006 03:35
6. Posted by John | February 26, 2006 4:36 PM | Score: 0 (0 votes cast)
Nothing like requesting you to correct your own paper!
45 days, and regardless of the review results the deal goes through. DAH!
6. Posted by John | February 26, 2006 4:36 PM |
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Posted on February 26, 2006 16:36