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Feb 27th, 2006, 03:07 PM
Okay errrrr yeaaaaa xenophobia...or corruption?
Quote:
Homeland Security Protested Ports Deal
http://news.yahoo.com/s/ap/20060226/...ports_security
By TED BRIDIS, Associated Press Writer Sun Feb 26, 7:19 AM ET
WASHINGTON - The Homeland Security Department objected at first to a United Arab Emirates company's taking over significant operations at six U.S. ports. It was the lone protest among members of the government committee that eventually approved the deal without dissent.
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Quote:
http://transcripts.cnn.com/TRANSCRIP...22/ldt.01.html
DOBBS: President Bush's family and members of the Bush administration have long-standing business connections with the United Arab Emirates, and those connections are raising new concerns and questions tonight in some quarters about why the president is defying his very own party leadership and his party in defending the Dubai port deal.
CHRISTINE ROMANS: The oil-rich United Arab Emirates is a major investor in The Carlyle Group, the private equity investment firm where President Bush's father once served as senior adviser and is a who's who of former high-level government officials. Just last year, Dubai International Capital, a government-backed buyout firm, invested in an $8 billion Carlyle fund.
Another family connection, the president's brother, Neil Bush, has reportedly received funding for his educational software company from the UAE investors. A call to his company was not returned.
Then there is the cabinet connection. Treasury Secretary John Snow was chairman of railroad company CSX/. After he left the company for the White House, CSX sold its international port operations to Dubai Ports World for more than a billion dollars.
In Connecticut today, Snow told reporters he had no knowledge of that CSX sale. "I learned of this transaction probably the same way members of the Senate did, by reading about it in the newspapers."
Another administration connection, President Bush chose a Dubai Ports World executive to head the U.S. Maritime Administration. David Sanborn, the former director of Dubai Ports' European and Latin American operations, he was tapped just last month to lead the agency that oversees U.S. port operations.
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Quote:
UAE gave $1 million to Bush library
http://www.chron.com/disp/story.mpl/nation/3681451.html
By WENDY BENJAMINSON
Associated Press
A sheik from the United Arab Emirates contributed at least $1 million to the Bush Library Foundation, which established the George Bush Presidential Library at Texas A&M University in College Station.
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Quote:
UAE terminal takeover extends to 21 ports
http://upi.com/SecurityTerrorism/vie...3-051657-4981r
By PAMELA HESS
UPI Pentagon Correspondent
WASHINGTON, Feb. 24 (UPI) -- A United Arab Emirates government-owned company is poised to take over port terminal operations in 21 American ports, far more than the six widely reported.
The Bush administration has approved the takeover of British-owned Peninsular & Oriental Steam Navigation Co. to DP World, a deal set to go forward March 2 unless Congress intervenes.
P&O is the parent company of P&O Ports North America, which leases terminals for the import and export and loading and unloading and security of cargo in 21 ports, 11 on the East Coast, ranging from Portland, Maine to Miami, Florida, and 10 on the Gulf Coast, from Gulfport, Miss., to Corpus Christi, Texas, according to the company's Web site.
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