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Dubai Firm to Give Up Stake in U.S. Ports

Discussion in 'The OT' started by tomcrown1, Mar 9, 2006.

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  1. tomcrown1

    tomcrown1 Hall Of Fame

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    http://sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/03/09/national/w110446S04.DTL

    "03-09) 14:25 PST WASHINGTON, (AP) --


    Bowing to ferocious opposition in Congress, a Dubai-owned company signaled surrender Thursday in its quest to take over operations at U.S. ports.


    "DP World will transfer fully the U.S. operations ... to a United States entity," the firm's top executive, H. Edward Bilkey, said in an announcement that capped weeks of controversy."

    WE WON!!:hurah: Our ports is once again safe.
     
  2. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    The...
    It's 'Our ports ARE safe once again!' -- but regardless, I doubt that U.S. ports are any safer today than (not then) they were yesterday.

    "United States entity" -- could be a U.S. entity in name and registration, but wholly or majority owned by foreign interests.

    Realistically, U.S. ports are about as safe as virginity in a whorehouse! There is no way to completely secure our ports short of shutting them down.
     
  3. AllieVi

    AllieVi Hall Of Fame

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    One day we may learn why DP World chose to back down. I suspect the decision was to give Bush some breathing room, letting him avoid a showdown with Congress on this extremely unpopular issue.
     
  4. olgeezer

    olgeezer Guest

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    Maybe Yeman came up with a better offer.
     
  5. tomcrown1

    tomcrown1 Hall Of Fame

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    Jan 16, 2006
    aman to that offer:grin:
     
  6. Richard King

    Richard King Hall Of Fame

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    Yea man
     
  7. Geronimo

    Geronimo Native American Potentate DBSTalk Gold Club

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    Actually that is what it was before a US subsidiary of a foreign (UAE) company. If they transferred it to another similar entity ther would bea hue and cry.
     
  8. Fifty Caliber

    Fifty Caliber Banned User

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    Jan 4, 2006
    DP World? That sounds like the title of an adult film.
     
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