Dubai Company To Sell Ports To American Buyer

Halliburton, Bechtel or Carlysle.

or any subsidiary of the three.

Carlyle or Halliburton?
or Dubai?

So, Dubai must own our ports then, correct? They can't sell what they don't own.

This really stinks that Americans allowed Dubai to own the ports for a nanosecond.

Dems should have said, "We're not selling our ports. Period."

They plan to sell the ports within "four to six months." Oh really. Why not sooner?

What is going on here?

I don't like that Dubai gets to select the "American company." That's not right. They should have never been in the loop. No sale of American ports--PERIOD.

It feels like Junior got his way---despite all of the hoopla.

Dubai should not have been in the position to sell our ports.

(I apologize if I am missing something or mistaken about the ports deal)

the municipalities that they're in.

Equipment at the port--cranes, forklifts, that sort of thing--are owned by the company managing the ports.

"Management" can mean a lot of different things. DPW "manages" 21 ports that aren't included in the deal, but most of those are stevedoring operations. They hire and schedule the people that load and unload the ships, and any equipment needed for the stevedoring; nothing more, nothing less. Frequently the "management" is split between a few companies, with one company handling getting ships in and out, another managing warehousing and logistics, and so on; in some cases, the municipalities bundle the management tasks when they solicit bids.

The reason that non-American companies "own" ports--i.e., run them and maintain some part, sometimes a significant part, of their infrastructure--has to do primarily with how municipalities run their bidding. You want change, you can impose it on the municipalities from above, by having the federal government federalize the ports or their operations and assume some sort of jurisdiction in addition to what they already claim, removing local control; or you can have people press those people awarding the contracts to alter their mode of operation--i.e., the cities and states.

The ports weren't owned by an American company before this, and the British company has owned them for longer then Bush has even been in office

The UK business that sold the operations is a private company.

The buyer is a state-owned company. So the buyer was, in fact, the government of the U.A.E.

Thanks. It's extremely important to draw the distinction between the two.

:thumbsup:

Another RW talking point blown to hell. Heh..

and has for a long time. They are the best in the world at doing so. They were going to spend $125 million on added security, if the deal would have gone through, many more times what anybody else would have done.

The nixing of this deal is bad for an operations stand point, security point, and public relations standpoint. The only good thing is, Bush took a huge tumble in the polls because he didn't vocalize these points.

Question: Hi, welcome to the UAE.

Under Secretary Hughes: Thank you.

Question: There's been some trouble with the Dubai Ports World and the P&O
purchase, I'm sure you've heard about it. I'm not sure you've spoken on it yet.

Hughes: What I've seen in quotes from our lawmakers are questions about security and
concerns in light of the fact that a couple of the September 11th hijackers did come
from the UAE. Now, as Secretary Rice has said, our government has conducted a
thorough security review and determined that the sale can go forward and go forward safely.

http://www.scoop.co.nz/stories/WO0602/S00478.htm

thats Ok Lou Dobbs will blast it on the airwaves...

They will make sure that their trail is covered. No internet investigators will be able to figure it out.

The New York office of Deutsche Bank Securities, Inc. (DB)
has been appointed financial adviser for the sale of the whole
of P&O Ports North America, DP World said.

http://sg.biz.yahoo.com/060316/15/3zepz.html

http://www.guardian.co.uk/worldlatest/story/0,,-5688235,00.html

PROFITS OF DEATH -- INSIDER TRADING AND 9-11

Now, investigative reporter Tom Flocco digs deep and strikes pay dirt in a three-part series
that reveals not only deeper links between the CIA, Wall Street and the insider trades of
9-11, but also discloses that a key executive at Deutschebank - an American - became, just
weeks before the attacks, a convicted felon. His crime: conspiracy to launder drug money to
arrange the purchase of U.S. weapons - in association with two Pakistanis who also
attempted to acquire nuclear bomb components - for use by Islamic fundamentalist
terrorists. - MCR

http://www.fromthewilderness.com/free/ww3/12_06_01_death_profits_pt1.html

Krongard joined the CIA in 1998 as counsel to CIA Director George Tenet. He was promoted to CIA
Executive Director by President Bush in March of this year. BT was acquired by Deutsche Bank in
1999. The combined firm is the single largest bank in Europe. And, as we shall see, Deutsche
Bank played several key roles in events connected to the September 11 attacks.

http://www.hereinreality.com/insidertrading.html