| Topic: |
Politics > Politics-USA |
| User: |
"Captain Compassion" |
| Date: |
21 Feb 2006 10:08:26 PM |
| Object: |
Dubai Ports International Completes Acquisition Of CSX World Terminals |
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/02-22-2005/0003068297&EDATE=
Dubai Ports International Completes Acquisition Of CSX World Terminals
* DPI Is Now One Of The Top 6 Port Operators In The World
* DPI Has Operations That Span The Globe Adding Asia And Latin
America To
Existing Facilities In Middle East, Europe, Africa And India
* DPI Has Acquired Future Development Projects Including Pusan
Newport In
South Korea
* DPI Able To Service International Customers With A Global
Network
DUBAI, HONG KONG, and JACKSONVILLE, Fla., Feb. 22
/PRNewswire-FirstCall/
-- Dubai Ports International ("DPI"), one of the world's leading port
operators, today announces that it has completed the acquisition of
CSX World Terminals ("CSX WT" or "the Company"), the international
terminal business of CSX Corporation (NYSE: CSX), for closing cash
consideration of USD 1.142 billion, subject to final working capital
and long-term debt adjustments.
The conclusion of this transaction means that DPI is now one of the
world's top 6 operators. DPI currently has extensive operations in
the Middle East, Africa, Europe and India. The acquisition of CSX WT
gives DPI a strong presence in Asia for the first time, including CT3
and CT8W in Hong Kong, Tianjin and Yantai in China as well as
operations in Australia, Germany, Dominican Republic and Venezuela.
DPI now has a truly international network with the capacity to service
the needs of customers across the globe. Thecombined portfolio
consists of interests in 15 operational terminals in 13
locations with a combined capacity in excess of 24 million TEUs.
Importantly for the future development and expansion of the network,
DPI has acquired the Company's strong pipeline of development
projects. In particular, CSX WT has a 25% interest in, and will be the
operator of, Pusan Newport, South Korea, a 9-berth facility with a
capacity of 5.5 million teus that is currently under development and
is expected to commence operations in 2006.
DPI has also acquired interests in logistics businesses in Hong Kong
and China, notably ATL, the market leading logistics operator based at
Kwai Chung, Hong Kong. On 30 December 2004, prior to the completion of
this transaction, CSX WT announced that it had raised its stake in
Asia Container Terminals Ltd "ACT") to 68.6% giving the Group a
majority share in this important peration. ACT is the owner and
operator of the premier terminal CT8W in Hong Kong.
The transaction was financed from a committed loan facility arranged
and underwritten by Deutsche Bank AG on 16 December 2004 for USD 1.45
billion.
Deutsche Bank acted as financial adviser to Dubai Ports International
and Citigroup Global Markets acted as financial adviser to CSX with
respect to the transaction. Sullivan & Cromwell LLP acted as legal
counsel to DPI and Arnold & Porter LLP represented CSX.
Sultan Ahmed Bin Sulayem, Executive Chairman, Dubai Ports, commented:
"I am delighted that the transaction is completed. The acquisition of
CSX WT complements DPI's existing network, giving us a truly global
footprint that will benefit our customers and partners around the
world. It will allow DPI to participate in the long-term growth of the
global transportation and logistics industry and gives us access to
new growth markets in Asia and Latin America.
"I would like to take this opportunity to welcome CSX WT's employees
into the DPI family. We are all looking forward to working with you to
build and develop this business."
Mohammed Sharaf, Managing Director, Dubai Ports International, said:
"The addition of such strong operations in Asia means that we can look
forward to further enhancing our relationships with existing DPI
customers and extending our high service levels to new ones. We are
proud of the relationships we have with our international customers
and want to serve them at an international level.
"The skills that have made the Dubai Ports such a success story will
be transferred to the newly-acquired businesses. Over the longer-term
we willseek to improve the breadth and quality of the services
available across our network. As always, we are focused on providing
our customers with a level of service second to none."
Peter Wong, Vice President China, CSX World Terminals said: "I am
very pleased that the acquisition has been completed. DPI has an
excellent reputation for the successful management and growth of port
operations. It is clear that the combination of two such complementary
operations is great news for our customers and employees."
Rufin Mak, Vice President Hong Kong, CSX World Terminals said: "This
is an exciting time for the World Terminals business and we are
looking forward to working with DPI to create an even more successful
company."
For further information please contact:
Asia
Gavin Anderson & Company
Richard Barton
+852 9308 1056
+852 2218 9988
Middle East
Bell Pottinger Communications
Tom Mollo
+9714 390 2514
+9715 0550 4203
Ilja Maynard-Gregory
+852 9803 5702
+852 2218 9952
Europe
Robin Tozer
+44 (0)207 861 3891
+4478877 21295
CSX Corporation
Misty Skipper
904-359-1787
About Dubai Ports
Dubai Ports (comprising of Dubai Ports International "DPI" and
Dubai Ports
Authority, "DPA") owns, operates and manages container terminals and
ports
around the world.
In 2004, the terminals operated by Dubai Ports handled over 8
million TEUs
which includes ports in India (Port of Visakhapatnam), Saudi Arabia
(Port of
Jeddah), Djibouti (Port of Djibouti) and Romania (Port of Constantza)
and the
home terminals of Jebel Ali and Port Rashid. Through a sister
company, DPI
also manages the free zones of Malaysia's Port Kalang and the Tangier
Free
Zone.
DPI's unique cross-sector expertise offers solutions in all
aspects of
port operations, ultimately driving efficiency and financial returns
for port
users. DPI also enables its customers to experience the same high
level of
service that they have come to expect when their vessels call at
Dubai. DPA
is known for its ability to provide a superior level of service to
shipping
lines at its flagship domestic operations of Port Rashid and Jebel Ali
and has
been voted "Best Seaport in the Middle East" for 10 consecutive years.
DPA ranks within the largest container ports worldwide in volume
and has
in recent years embarked on a significant expansion programme. Over
the next
10 years, DPA is planning to increase capacity from current 6.5
million TEUs
to over 20 million TEUS. Over the last three years, DPA's annual
growth in
throughput has averaged 23%. In December 2004, DPA reported 24% growth
in its
handling operations and set a cargo traffic record of 6.4 million TEUs
for the
year. Dubai was ranked the 10th largest port operation in the world.
DPI in
its four international port operations -- Jeddah, Djibouti, Vizag and
Constantza -- achieved 26.5% growth year on year in 2004.
On 8 December 2004, DPI signed a definitive agreement with CSX
Corporation
to acquire the international terminal business conducted by CSX World
Terminals (CSX WT) and other related interests. CSX WT is a leading
international terminal developer and operator with operations in Asia,
Europe,
Australia and Latin America. With completion of this transaction, DPI
ranks
as a top 6 global ports operator. On 30 December 2004, CSX WT
announced that
it had increased its stake in Asia Container Terminals ("ACT") to
68.6%. ACT
is the owner and operator of the premier terminal CT8W in Hong Kong.
In addition to DPI's established operations, it is undertaking a
number of
major development projects around the world including the construction
of
India's largest single operator container terminal at Vallarpadam at
Kochi
Port and the largest capacity and deepest port in South Korea at Pusan
New
Port.
DPI has been at the forefront of Dubai's extraordinary
transformation into
one of the world's leading trade and commerce hubs.
About CSX Corporation
CSX Corporation (NYSE: CSX), based in Jacksonville, Fla., owns the
largest
rail network in the eastern United States. CSX and its 34,000
employees
provide rail transportation services over a 21,000 route-mile network
in 23
states, the District of Columbia and two Canadian provinces, and
intermodal
services through CSX Intermodal.
SOURCE CSX Corporation; Dubai Ports International
Web Site: http://www.csx.com
--
"The president and I cannot prevent certain politicians from losing
their memory, or their backbone, but we're not going to sit by and
let them rewrite history." -- ***** Cheney 11/16/2005
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"America is a vast conspiracy to make you happy." -- John Updike
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
23 Feb 2006 10:04:11 AM |
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Captain Compassion wrote:
DUBAI, HONG KONG, and JACKSONVILLE, Fla., Feb. 22
/PRNewswire-FirstCall/
-- Dubai Ports International ("DPI"), one of the world's leading port
operators, today announces that it has completed the acquisition of
CSX World Terminals ("CSX WT" or "the Company"), the international
terminal business of CSX Corporation (NYSE: CSX), for closing cash
consideration of USD 1.142 billion, subject to final working capital
and long-term debt adjustments.
Dubai Ports International is also NOT a publicly traded company. So
much for Bush's "ownership society" blather.
Bush, like a true alcoholic who can't take responsibility for his
actions, played the "blame game" when the heat over this deal got too
hot. Not only does Bush now claim that he knew nothing of this deal
until this week when he heard about it in the news, Bush's Treasury
Secretary John Snow (whose department the deal came out of) also didn't
know about it until he read about it in the newspapers.
If this was true, then wasn't Bush's first response to Congress'
response (who was hearing about it at the same time) of stopping the
deal ("If Congress tries to block this deal with legislation, I'll veto
it!") strange? You would think Bush would be as angry about it as
Congress is.
But we also know that Bush is lying because the White House made a
secret pact with DPI (the government of the U.A.E.) that was a sweet
deal for the U.A.E. and a total knife in the backs of Americans. The
U.A.E. doesn't have to abide by what is standard boilerplate for
foreign companies doing business in the U.S. - they don't have to keep
their business records on American soil. That means that they are not
subject to American laws of operation and can't be held to comply on
anything because American courts will have no jurisdiction.
Smoooooooth, Georgie.
I'm sure that the Bush and Cheney family trusts are getting a hefty
consideration (kickbacks) from John Snow and David Sanborn (as well as
the Emirates themselves, of course).
http://www.nydailynews.com/front/story/393375p-333478c.html
This really is the dirtiest administration in U.S. history.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
21 Feb 2006 10:45:25 PM |
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What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
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| User: "Bob" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 08:28:22 AM |
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<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140583525.235074.153960@z14g2000cwz.googlegroups.com...
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Don't you think it's best to make decisions
after you have the facts instead of making
knee jerk decisions because it's politically
expedient?
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| User: "eldorado" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
22 Feb 2006 08:37:44 AM |
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On Wed, 22 Feb 2006, Bob wrote:
<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140583525.235074.153960@z14g2000cwz.googlegroups.com...
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Don't you think it's best to make decisions
after you have the facts instead of making
knee jerk decisions because it's politically
expedient?
Exactly, and had the bush admin followed the law we would have had the
facts. Instead bush and company skirted the law and perhaps endangered
national security.
From
http://www.nytimes.com/2006/02/22/politics/22port.html?pagewanted=2&ei=5094&en=deaf48dc0824b8d6&hp&ex=1140670800&partner=AOL
The administration's review of the deal was conducted by the Committee on
Foreign Investment in the United States, a body that was created in 1975
to review foreign investments in the country that could affect national
security. Under that review, officials from the Defense, State, Commerce
and Transportation Departments, along with the National Security Council
and other agencies, were charged with raising questions and passing
judgment. They found no problems to warrant the next stage of review, a
45-day investigation with results reported to the president for a final
decision.
However, a 1993 amendment to the law stipulates that such an investigation
is mandatory when the acquiring company is controlled by or acting on
behalf of a foreign government. Administration officials said they
conducted additional inquires because of the ties to the United Arab
Emirates, but they could not say why a 45-day investigation did not occur.
Wonder if the whitehouse needs a dictionary so that they can look up the
word "mandatory".
--
Randomly generated signature --
Black holes are where God divided by zero.
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| User: "Bob" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 09:28:37 AM |
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"eldorado" <eldorado@io.com> wrote in message
news:20060222083348.C79094@fnord.io.com...
On Wed, 22 Feb 2006, Bob wrote:
<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140583525.235074.153960@z14g2000cwz.googlegroups.com...
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Don't you think it's best to make decisions
after you have the facts instead of making
knee jerk decisions because it's politically
expedient?
Exactly, and had the bush admin followed the law we would have had the facts.
Instead bush and company skirted the law and perhaps endangered national
security.
From
http://www.nytimes.com/2006/02/22/politics/22port.html?pagewanted=2&ei=5094&en=deaf48dc0824b8d6&hp&ex=1140670800&partner=AOL
The administration's review of the deal was conducted by the Committee on
Foreign Investment in the United States, a body that was created in 1975 to
review foreign investments in the country that could affect national security.
Under that review, officials from the Defense, State, Commerce and
Transportation Departments, along with the National Security Council and other
agencies, were charged with raising questions and passing judgment. They found
no problems to warrant the next stage of review, a 45-day investigation with
results reported to the president for a final decision.
However, a 1993 amendment to the law stipulates that such an investigation is
mandatory when the acquiring company is controlled by or acting on behalf of a
foreign government. Administration officials said they conducted additional
inquires because of the ties to the United Arab Emirates, but they could not
say why a 45-day investigation did not occur.
Wonder if the whitehouse needs a dictionary so that they can look up the word
"mandatory".
If this is correct, congress needs to:
1. Step in and make sure this investigation occurs.
2. Find out why the administration didn't follow this law.
In my opinion, no foreign company should have
control over operation of USA ports, but that's
another subject.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 08:56:52 PM |
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No that IS the subject. And how, because of assholes like you, Bush
and Cheney get away with operating in secret, resorting to ad hominem
and lies and distraction to avoid debate and discussion of issues. It
is because Bush's followers, the stupidest voters that ever existed in
the U.S., can't admit they don't know what the hell they're talking
about (and can't admit to being wrong), that we are on the verge of
catastrophe. On so many different fronts.
But here, Bob, let's talk instead about Clinton and a *****. Let's
talk about chicks in Aruba, and a groom on a cruise ship. That's what
floats you fascists' boats.
What are you still doing here, Bob? Isn't it Limbo-augh Time?
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| User: "8ackgr0und N015e" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 09:40:42 AM |
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eldorado wrote:
On Wed, 22 Feb 2006, Bob wrote:
<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140583525.235074.153960@z14g2000cwz.googlegroups.com...
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Don't you think it's best to make decisions
after you have the facts instead of making
knee jerk decisions because it's politically
expedient?
Exactly, and had the bush admin followed the law we would have had the
facts. Instead bush and company skirted the law and perhaps endangered
national security.
However, a 1993 amendment to the law stipulates that such an investigation
is mandatory when the acquiring company is controlled by or acting on
behalf of a foreign government.
Wonder if the whitehouse needs a dictionary so that they can look up the
word "mandatory".
I hear that if you look up mandatory in the White House Secret Decoder
Book... the entry says:
man-da-tory : see Jeff Gannon (jeff@militarystud.com)
--
Randomly generated signature --
Black holes are where God divided by zero.
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| User: "eldorado" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
22 Feb 2006 09:52:41 AM |
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On Wed, 22 Feb 2006, 8ackgr0und N015e wrote:
eldorado wrote:
On Wed, 22 Feb 2006, Bob wrote:
<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140583525.235074.153960@z14g2000cwz.googlegroups.com...
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Don't you think it's best to make decisions
after you have the facts instead of making
knee jerk decisions because it's politically
expedient?
Exactly, and had the bush admin followed the law we would have had the
facts. Instead bush and company skirted the law and perhaps endangered
national security.
However, a 1993 amendment to the law stipulates that such an investigation
is mandatory when the acquiring company is controlled by or acting on
behalf of a foreign government.
Wonder if the whitehouse needs a dictionary so that they can look up the
word "mandatory".
I hear that if you look up mandatory in the White House Secret Decoder
Book... the entry says:
man-da-tory : see Jeff Gannon (jeff@militarystud.com)
ROFLMAO, I was going to make some cheap shot about it being a back door
entry.
--
Randomly generated signature --
Support bacteria! It's the only culture some people have.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 08:47:03 PM |
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STFU!
I am so tired of assholes like you, who forced this insane
administration on us and the world.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
21 Feb 2006 11:15:14 PM |
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wrote:
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Darancette's real net rank and nym is Kolonel Klink.
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| User: "Captain Compassion" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 12:17:49 AM |
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On 21 Feb 2006 21:15:14 -0800, wrote:
NativeRedneckAmerican@hotmail.com wrote:
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
Darancette's real net rank and nym is Kolonel Klink.
Loon. The German Army didn't have "Kolonels" it was Oberst Klink.
--
"The president and I cannot prevent certain politicians from losing
their memory, or their backbone, but we're not going to sit by and
let them rewrite history." -- ***** Cheney 11/16/2005
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"America is a vast conspiracy to make you happy." -- John Updike
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
.
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| User: "Captain Compassion" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 12:12:47 AM |
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On 21 Feb 2006 20:45:25 -0800,
wrote:
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
These folks are all ready running ports in Europe and Australia. Are
these ports showing any real problems?
--
"The president and I cannot prevent certain politicians from losing
their memory, or their backbone, but we're not going to sit by and
let them rewrite history." -- ***** Cheney 11/16/2005
"War is God's way of teaching Americans geography" -- Ambrose Bierce
"America is a vast conspiracy to make you happy." -- John Updike
"Long term commitment in relationships is only necessary because it takes
so damn long to raise children. Marriage may well be some kind of trick
to keep the males around beyond sexual satiation." -- Captain Compassion
"Progress is the increasing control of the environment by life.
--Will Durant
Joseph R. Darancette
daranc@NOSPAMverizon.net
.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
22 Feb 2006 08:43:50 PM |
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Is there any nation on earth that has a U.S. company (much less the
U.S. government which is what this U.A.E. deal is -- the government of
the U.A.E., not a company) running their ports? Let's leave out
countries that we've invaded and are occupying.
The answer is no.
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
This is why Bush is so secretive. He knows that his supporters would
have a cow and realize that Bush is playing them for fools! All of
these deals, NAFTA and with China, are not in the best interests of the
American people. While Bush and Cheney, and the richest elite 1% are
raking in obscene wealth, Americans are losing their jobs, their homes,
their health, going backwards financially and educationally. The
Corporate Elitests that Bush and Cheney represent have created
competition for limited resources on the planet. Oil. Water.
Forests. We're running out of everything.
In the name of deregulation and privatization, Bush has made us more
vulnerable to terrorist attacks. Just to make a buck.
Americans are starting to wake up to the fraud that is this Presidency.
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| User: "Bob" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
23 Feb 2006 07:32:28 AM |
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<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140662630.349757.285360@f14g2000cwb.googlegroups.com...
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
Actually, the stupid tend to vote Democratic.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
23 Feb 2006 09:25:50 AM |
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Bob wrote:
<NativeRedneckAmerican@hotmail.com> wrote in message
news:1140662630.349757.285360@f14g2000cwb.googlegroups.com...
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
Actually, the stupid tend to vote Democratic.
By your reasoning (brilliant, clever retort, incidentally), it's
knowledge that makes people stupid.
We can conclude then that you knew about the Chinese running American
ports and support it and more of it? How about when the Chinese drain
our aquifers and ship the water back to their own thirsty citizens?
And/or the Saudis? They have no rivers or lakes, and they're getting
mighty parched over there. They own us - we're in debt to both of
them. What happens when we can't make the payments? How do you think
repayment deals will be restructured? You had no problem with the IMF
and the World Bank when you thought it was only the third worlders who
were being raped, metaphorically, of course. You never it a second
thought when it was their forests and lands being excavated for their
resources, for western corporate profit. When it was our CIA fixing
their elections, teaching their juntas how to repress and murder their
citizens who voiced concerns - NOT A PROBLEM!
On a purely practical, day-to-day basis, if I was a terrorist, if I was
Osama Bin Laden, I would be giddy from joy over this U.A.E. port deal.
To learn the operational details of America's busiest ports, enabling
entry of both Al Qaeda personnel and the means for attack operations
within the United States? Priceless.
U.A.E., like other royal family-ruled, oil rich countries (Saudi
Arabia), goes to great lengths to keep its' citizens (and all Arab
people) from focusing rage on them, the royal rulers. U.A.E. operates
something like an open-port, with hoards of people (Middle Easterners,
Asians) flowing through it to other destinations. 75% of the work
force is foreign. The U.S. recently relaxed and expedited the visa
process from U.A.E. into the U.S. It can even be done online now.
Especially the student visa process.
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theuae/2006/February/theuae_February380.xml§ion=theuae&col=
The UAE was used as an operational and financial base for some of the
Sept. 11 hijackers. Critics also contend the UAE was a transfer point
for shipments of smuggled nuclear components sent to Iran, North Korea
and Libya by the Pakistani nuclear engineer Abdul Qadeer Khan, who ran
a nuclear proliferation ring.
Last September, a government-run think tank in Dubai said the al-Qaida
network was recruiting and sinking roots in the region. Some terrorism
specialists have said Dubai was an ideal logistical hub for Osama bin
Laden's network because of its cosmopolitan lifestyle and freewheeling
business rules.
In case you didn't know -
http://www.smartraveller.gov.au/zw-cgi/view/Advice/United_Arab_Emirates
Joseph King, who headed the U.S. Customs Service's anti-terrorism
efforts under the Treasury Department and the new Department of
Homeland Security, said national security fears are well-grounded.
He said a company the size of Dubai Ports World would be able to get
hundreds of visas to relocate managers and other employees to the
United States. Using appeals to Muslim solidarity or threats of
violence, al-Qaida operatives could force low-level managers to provide
some of those visas to al-Qaida sympathizers, said King, who for years
tracked similar efforts by organized crime to infiltrate ports in New
York and New Jersey. Those sympathizers could obtain legitimate drivers
licenses, work permits and mortgages that could then be used by
terrorist operatives.
Dubai Ports World could also offer a simple conduit for wire transfers
to terrorist operatives in the Middle East. Large wire transfers from
individuals would quickly attract federal scrutiny, but such transfers,
buried in the dozens of wire transfers a day from Dubai Ports World's
operations in the United States to the Middle East would go undetected,
King said.
http://www.theeagle.com/stories/022306/nation_20060223002.php
I think you need to get clear on the culture that breeds terrorism, and
it begins with our own government -
http://911.gnu-designs.com/Chapter_5.3.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/cron.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#atta
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#jarrah
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#al-shehhi
George W. Bush and the selling off of American assets, this massive
shift in wealth from the poorest and the middle class to the fewest
richest in the U.S. (through very few others in some of the most
repressed, undemocratic regions of the world, that breeds this kind of
terrorism) are making everything worse and quickly! All the while
turning America into a police state.
I think Chuck Baldwin has some good points in this article -
http://www.theconservativevoice.com/article/12539.html
If you want
to take a shot at the Bush Admin. (I know I do) I think the better angle
is to answer the question how it is that Dubai is in a position to
gobble up so many international assets right now. Start checking out
the economies of all the Gulf States - cash is flowing in there like
nowhere else in the world. Two reasons...the price of oil (and it's
prudent to keep in mind that Dubai has very little oil) and investment
climate. Big investment cartels have little confidence in the US
economy because of the megagigantic debt that has doubled in magnitude
during Bush's 5 years on the watch. Well, now you can go skiing in
Dubai, of all things. The Gulf States are awash in cash. They are the
benefactors of Bush's foreign psudo-policy.
They are also awash in terrorists just looking for ways to destroy the
U.S.
Bush is also selling off America's roads. To foreigners.
Bushies out there - is this really what you wanted, what you expected,
when you voted for him and the other Republicans?
.
|
|
|
|
|
| User: "Erik A. Mattila" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
23 Feb 2006 01:28:16 AM |
|
|
wrote:
Is there any nation on earth that has a U.S. company (much less the
U.S. government which is what this U.A.E. deal is -- the government of
the U.A.E., not a company) running their ports? Let's leave out
countries that we've invaded and are occupying.
The answer is no.
Actually, the answer is yes. For example, Dubai Ports World bought out
CSX (a Florida based company) global port assets. which includes Latin
America and Asian ports. I'm sure there are other US firms operating
ports in other countries. Until a few years ago, one of the ports in
Onan was operated by Land-Sea (which I think was absorbed by CSX) until
it was taken over by a Swedish company.
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
This is why Bush is so secretive. He knows that his supporters would
have a cow and realize that Bush is playing them for fools! All of
these deals, NAFTA and with China, are not in the best interests of the
American people. While Bush and Cheney, and the richest elite 1% are
raking in obscene wealth, Americans are losing their jobs, their homes,
their health, going backwards financially and educationally. The
Corporate Elitests that Bush and Cheney represent have created
competition for limited resources on the planet. Oil. Water.
Forests. We're running out of everything.
In the name of deregulation and privatization, Bush has made us more
vulnerable to terrorist attacks. Just to make a buck.
Americans are starting to wake up to the fraud that is this Presidency.
Yes, but I think the security aspect of this deal is weak. If you want
to take a shot at the Bush Admin. (I know I do) I think the better angle
is to answer the question how it is that Dubai is in a position to
gobble up so many international assets right now. Start checking out
the economies of all the Gulf States - cash is flowing in there like
nowhere else in the world. Two reasons...the price of oil (and it's
prudent to keep in mind that Dubai has very little oil) and investment
climate. Big investment cartels have little confidence in the US
economy because of the megagigantic debt that has doubled in magnitude
during Bush's 5 years on the watch. Well, now you can go skiing in
Dubai, of all things. The Gulf States are awash in cash. They are the
benefactors of Bush's foreign psudo-policy.
.
|
|
|
| User: "" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
23 Feb 2006 09:09:10 AM |
|
|
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Is there any nation on earth that has a U.S. company (much less the
U.S. government which is what this U.A.E. deal is -- the government of
the U.A.E., not a company) running their ports? Let's leave out
countries that we've invaded and are occupying.
The answer is no.
Actually, the answer is yes. For example, Dubai Ports World bought out
CSX (a Florida based company) global port assets. which includes Latin
America and Asian ports. I'm sure there are other US firms operating
ports in other countries. Until a few years ago, one of the ports in
Onan was operated by Land-Sea (which I think was absorbed by CSX) until
it was taken over by a Swedish company.
You have yet to name one country which allows a U.S. company (privately
owned or government owned/operated) to run its' ports. Not one.
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
This is why Bush is so secretive. He knows that his supporters would
have a cow and realize that Bush is playing them for fools! All of
these deals, NAFTA and with China, are not in the best interests of the
American people. While Bush and Cheney, and the richest elite 1% are
raking in obscene wealth, Americans are losing their jobs, their homes,
their health, going backwards financially and educationally. The
Corporate Elitests that Bush and Cheney represent have created
competition for limited resources on the planet. Oil. Water.
Forests. We're running out of everything.
In the name of deregulation and privatization, Bush has made us more
vulnerable to terrorist attacks. Just to make a buck.
Americans are starting to wake up to the fraud that is this Presidency.
Yes, but I think the security aspect of this deal is weak.
You do? How do you come to think that? Are you some sort of expert?
Do you have working knowledge of ports, and/or terrorism?
On a purely practical, day-to-day basis, if I was a terrorist, if I was
Osama Bin Laden, I would be giddy from joy over this deal. To learn
the operational details of America's busiest ports, enabling entry of
both personnel and the means for attack operations within the United
States? Priceless.
U.A.E., like other royal family-ruled, oil rich countries (Saudi
Arabia), goes to great lengths to keep its' citizens (and all Arab
people) from focusing rage on them, the royal rulers. U.A.E. operates
something like an open-port, with hoards of people (Middle Easterners,
Asians) flowing through it to other destinations. 75% of the work
force is foreign. The U.S. recently relaxed and expedited the visa
process from U.A.E. into the U.S. It can even be done online now.
Especially the student visa process.
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theuae/2006/February/theuae_February380.xml§ion=theuae&col=
The UAE was used as an operational and financial base for some of the
Sept. 11 hijackers. Critics also contend the UAE was a transfer point
for shipments of smuggled nuclear components sent to Iran, North Korea
and Libya by the Pakistani nuclear engineer Abdul Qadeer Khan, who ran
a nuclear proliferation ring.
Last September, a government-run think tank in Dubai said the al-Qaida
network was recruiting and sinking roots in the region. Some terrorism
specialists have said Dubai was an ideal logistical hub for Osama bin
Laden's network because of its cosmopolitan lifestyle and freewheeling
business rules.
In case you didn't know -
http://www.smartraveller.gov.au/zw-cgi/view/Advice/United_Arab_Emirates
Joseph King, who headed the U.S. Customs Service's anti-terrorism
efforts under the Treasury Department and the new Department of
Homeland Security, said national security fears are well-grounded.
He said a company the size of Dubai Ports World would be able to get
hundreds of visas to relocate managers and other employees to the
United States. Using appeals to Muslim solidarity or threats of
violence, al-Qaida operatives could force low-level managers to provide
some of those visas to al-Qaida sympathizers, said King, who for years
tracked similar efforts by organized crime to infiltrate ports in New
York and New Jersey. Those sympathizers could obtain legitimate drivers
licenses, work permits and mortgages that could then be used by
terrorist operatives.
Dubai Ports World could also offer a simple conduit for wire transfers
to terrorist operatives in the Middle East. Large wire transfers from
individuals would quickly attract federal scrutiny, but such transfers,
buried in the dozens of wire transfers a day from Dubai Ports World's
operations in the United States to the Middle East would go undetected,
King said.
http://www.theeagle.com/stories/022306/nation_20060223002.php
I think you need to get clear on the culture that breeds terrorism, and
it begins with our own government -
http://911.gnu-designs.com/Chapter_5.3.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/cron.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#atta
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#jarrah
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#al-shehhi
George W. Bush and the selling off of American assets, this massive
shift in wealth from the poorest and the middle class to the fewest
richest in the U.S. (through very few others in some of the most
repressed, undemocratic regions of the world, that breeds this kind of
terrorism) are making everything worse and quickly! All the while
turning America into a police state.
I think Chuck Baldwin has some good points in this article -
http://www.theconservativevoice.com/article/12539.html
If you want
to take a shot at the Bush Admin. (I know I do) I think the better angle
is to answer the question how it is that Dubai is in a position to
gobble up so many international assets right now. Start checking out
the economies of all the Gulf States - cash is flowing in there like
nowhere else in the world. Two reasons...the price of oil (and it's
prudent to keep in mind that Dubai has very little oil) and investment
climate. Big investment cartels have little confidence in the US
economy because of the megagigantic debt that has doubled in magnitude
during Bush's 5 years on the watch. Well, now you can go skiing in
Dubai, of all things. The Gulf States are awash in cash. They are the
benefactors of Bush's foreign psudo-policy.
They are also awash in terrorists just looking for ways to destroy the
U.S.
Bush is also selling off America's roads. To foreigners.
Bushies out there - is this really what you wanted, what you expected,
when you voted for him and the other Republicans?
.
|
|
|
| User: "Erik A. Mattila" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
23 Feb 2006 02:16:00 PM |
|
|
wrote:
Erik A. Mattila wrote:
wrote:
Is there any nation on earth that has a U.S. company (much less the
U.S. government which is what this U.A.E. deal is -- the government of
the U.A.E., not a company) running their ports? Let's leave out
countries that we've invaded and are occupying.
The answer is no.
Actually, the answer is yes. For example, Dubai Ports World bought out
CSX (a Florida based company) global port assets. which includes Latin
America and Asian ports. I'm sure there are other US firms operating
ports in other countries. Until a few years ago, one of the ports in
Onan was operated by Land-Sea (which I think was absorbed by CSX) until
it was taken over by a Swedish company.
You have yet to name one country which allows a U.S. company (privately
owned or government owned/operated) to run its' ports. Not one.
You should have just admitted that you were incorrect, my friend. It's
no biggie.
If you look-up CSX World Terminals, for example, you'll find a
description of their foreign port holdings...China, Australia, Dominican
Republic, Germany, Venezuela etc. Dubai Ports World has bought out CSXWT
last year, but CSX still operates in the states. They got 1.4 billion
bucks for the deal.
Or try looking up SSA Marine - the world's largest shipping terminal
operation company, based in Seattle. They manage terminals in Mexico,
Panama, Chile, Vietnam, Iraq, India, Indonesia, South Africa, Thailand -
I've probably missed a few.
Anyway, you get the point, I'm sure.
How do you think the idiots who voted for Bush and who vote for
Republicans would like it if they knew that the Red Chinese were
running our ports? They are.
This is why Bush is so secretive. He knows that his supporters would
have a cow and realize that Bush is playing them for fools! All of
these deals, NAFTA and with China, are not in the best interests of the
American people. While Bush and Cheney, and the richest elite 1% are
raking in obscene wealth, Americans are losing their jobs, their homes,
their health, going backwards financially and educationally. The
Corporate Elitests that Bush and Cheney represent have created
competition for limited resources on the planet. Oil. Water.
Forests. We're running out of everything.
In the name of deregulation and privatization, Bush has made us more
vulnerable to terrorist attacks. Just to make a buck.
Americans are starting to wake up to the fraud that is this Presidency.
Yes, but I think the security aspect of this deal is weak.
You do? How do you come to think that? Are you some sort of expert?
Do you have working knowledge of ports, and/or terrorism?
On a purely practical, day-to-day basis, if I was a terrorist, if I was
Osama Bin Laden, I would be giddy from joy over this deal. To learn
the operational details of America's busiest ports, enabling entry of
both personnel and the means for attack operations within the United
States? Priceless.
U.A.E., like other royal family-ruled, oil rich countries (Saudi
Arabia), goes to great lengths to keep its' citizens (and all Arab
people) from focusing rage on them, the royal rulers. U.A.E. operates
something like an open-port, with hoards of people (Middle Easterners,
Asians) flowing through it to other destinations. 75% of the work
force is foreign. The U.S. recently relaxed and expedited the visa
process from U.A.E. into the U.S. It can even be done online now.
Especially the student visa process.
http://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/theuae/2006/February/theuae_February380.xml§ion=theuae&col=
The UAE was used as an operational and financial base for some of the
Sept. 11 hijackers. Critics also contend the UAE was a transfer point
for shipments of smuggled nuclear components sent to Iran, North Korea
and Libya by the Pakistani nuclear engineer Abdul Qadeer Khan, who ran
a nuclear proliferation ring.
Last September, a government-run think tank in Dubai said the al-Qaida
network was recruiting and sinking roots in the region. Some terrorism
specialists have said Dubai was an ideal logistical hub for Osama bin
Laden's network because of its cosmopolitan lifestyle and freewheeling
business rules.
In case you didn't know -
http://www.smartraveller.gov.au/zw-cgi/view/Advice/United_Arab_Emirates
Joseph King, who headed the U.S. Customs Service's anti-terrorism
efforts under the Treasury Department and the new Department of
Homeland Security, said national security fears are well-grounded.
He said a company the size of Dubai Ports World would be able to get
hundreds of visas to relocate managers and other employees to the
United States. Using appeals to Muslim solidarity or threats of
violence, al-Qaida operatives could force low-level managers to provide
some of those visas to al-Qaida sympathizers, said King, who for years
tracked similar efforts by organized crime to infiltrate ports in New
York and New Jersey. Those sympathizers could obtain legitimate drivers
licenses, work permits and mortgages that could then be used by
terrorist operatives.
Dubai Ports World could also offer a simple conduit for wire transfers
to terrorist operatives in the Middle East. Large wire transfers from
individuals would quickly attract federal scrutiny, but such transfers,
buried in the dozens of wire transfers a day from Dubai Ports World's
operations in the United States to the Middle East would go undetected,
King said.
http://www.theeagle.com/stories/022306/nation_20060223002.php
I think you need to get clear on the culture that breeds terrorism, and
it begins with our own government -
http://911.gnu-designs.com/Chapter_5.3.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/cron.html
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#atta
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#jarrah
http://www.pbs.org/wgbh/pages/frontline/shows/network/personal/whowere.html#al-shehhi
George W. Bush and the selling off of American assets, this massive
shift in wealth from the poorest and the middle class to the fewest
richest in the U.S. (through very few others in some of the most
repressed, undemocratic regions of the world, that breeds this kind of
terrorism) are making everything worse and quickly! All the while
turning America into a police state.
I think Chuck Baldwin has some good points in this article -
http://www.theconservativevoice.com/article/12539.html
If you want
to take a shot at the Bush Admin. (I know I do) I think the better angle
is to answer the question how it is that Dubai is in a position to
gobble up so many international assets right now. Start checking out
the economies of all the Gulf States - cash is flowing in there like
nowhere else in the world. Two reasons...the price of oil (and it's
prudent to keep in mind that Dubai has very little oil) and investment
climate. Big investment cartels have little confidence in the US
economy because of the megagigantic debt that has doubled in magnitude
during Bush's 5 years on the watch. Well, now you can go skiing in
Dubai, of all things. The Gulf States are awash in cash. They are the
benefactors of Bush's foreign psudo-policy.
They are also awash in terrorists just looking for ways to destroy the
U.S.
Bush is also selling off America's roads. To foreigners.
Bushies out there - is this really what you wanted, what you expected,
when you voted for him and the other Republicans?
.
|
|
|
| User: "" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
23 Feb 2006 06:01:20 PM |
|
|
There are many reasons to oppose this deal. Two of the 9/11 hijackers
are allegedly linked to the UAE, terrorists have been bankrolled by the
UAE government as well as established banking centers within the
country. The UAE royal family has alleged ties to both al Qaeda and
Osama bin Laden himself. The company to which our government plans to
sell control of these ports is not just an independent foreign company
(which I personally believe would be bad enough), but a state-owned
foreign company. This difference is also extremely important.
There is another problem that has received less attention thus far. In
addition to its sponsorship of terrorism, the UAE allows a variety of
human rights violations to thrive inside its borders: human rights
violations have been noted by Human Rights Watch, the United Nations,
and the US State Department. These include the illegal retention of the
passports of expatriate employees (to prevent them from leaving jobs
before their employment contracts end), blue collar labor abuse,
widespread worker discrimination based on race, sex, age and
nationality, use of child slaves as jockeys in camel racing, and a
thriving illegal sex industry (including but not limited to children).
It is reasonable to question our government's wish to engage in
dealings with the UAE, especially considering the Bush administration's
claims that we invaded Iraq (and to some extent, Afghanistan) in order
to liberate its people from a leader guilty of a number of human rights
violations. We are at war with the nation of Iraq while our government
continues to deal financially with other human rights violators such as
the United Arab Emirates. We occupy Iraq while we continue friendly
relations with Saudi Arabia, the country of origin of the vast majority
of the 9/11 hijackers and Osama bin Laden himself. Our government is
setting the stage for war with Iran while we ignore the real problems
of the world.
Shalom,
--- Leland Milton Goldblatt, Ph.D. =AE
Distinguished Professor
http://www.prof.faithweb.com
Do Bush followers have a political ideology? "Now, in order to be
considered a "liberal," only one thing is required - a failure to
pledge blind loyalty to George W. Bush."
.
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| User: "" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
28 Feb 2006 05:09:53 PM |
|
|
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
.
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| User: "Erik A. Mattila" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
28 Feb 2006 09:17:42 PM |
|
|
wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
No, DPW is a private company - there are no "shareholders." But as a
private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company - based
in Washington state. Years ago, when Ralph Nader researched his book
"Who Owns California" he discovered that no one knows how much land
Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is just not
true, as I have illustrated to you.
.
|
|
|
| User: "Sid9" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
28 Feb 2006 09:26:05 PM |
|
|
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
No, DPW is a private company - there are no "shareholders." But as a
private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company - based
in Washington state. Years ago, when Ralph Nader researched his book
"Who Owns California" he discovered that no one knows how much land
Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is just
not true, as I have illustrated to you.
Every report says that DPW is a government
owned entity in Dubai. (A Socialistic enterprise)
Do you have any facts to contradict this?
.
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| User: "Erik A. Mattila" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
01 Mar 2006 11:28:57 AM |
|
|
Sid9 wrote:
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
No, DPW is a private company - there are no "shareholders." But as a
private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company - based
in Washington state. Years ago, when Ralph Nader researched his book
"Who Owns California" he discovered that no one knows how much land
Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is just
not true, as I have illustrated to you.
Every report says that DPW is a government
owned entity in Dubai. (A Socialistic enterprise)
Do you have any facts to contradict this?
I would reccommend that you tighten-up your definition of "socialism",
Sid9. For all practical purposes, Sheikh Mohammad bin Rashid al-Maktoum
owns Dubai and he is also the sole shareholder in DPW. He may be, as
Anthony Quinn boasted in "Lawrence of Arabia," "...a river to my
people." But that would be at his pleasure. That's about the opposite
to socialism as I can imagine.
But I've used the term "private company" to distinguish DPW from
pubically traded companies, which are subject to rules and regulations
with regard to operational transparency.
.
|
|
|
| User: "Sid9" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
01 Mar 2006 11:51:27 AM |
|
|
Erik A. Mattila wrote:
Sid9 wrote:
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
No, DPW is a private company - there are no "shareholders." But as
a private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company -
based in Washington state. Years ago, when Ralph Nader researched
his book "Who Owns California" he discovered that no one knows how
much land Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is just
not true, as I have illustrated to you.
Every report says that DPW is a government
owned entity in Dubai. (A Socialistic enterprise)
Do you have any facts to contradict this?
I would reccommend that you tighten-up your definition of "socialism",
Sid9. For all practical purposes, Sheikh Mohammad bin Rashid
al-Maktoum owns Dubai and he is also the sole shareholder in DPW. He
may be, as Anthony Quinn boasted in "Lawrence of Arabia," "...a river
to my people." But that would be at his pleasure. That's about the
opposite to socialism as I can imagine.
But I've used the term "private company" to distinguish DPW from
pubically traded companies, which are subject to rules and regulations
with regard to operational transparency.
He may "own" Dubai, but he is also
the absolute monarch, therefore, he's
government of Dubai.
RRR posters here decry government
run entities as inefficient
.
|
|
|
| User: "Erik A. Mattila" |
|
| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
01 Mar 2006 03:46:29 PM |
|
|
Sid9 wrote:
Erik A. Mattila wrote:
Sid9 wrote:
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
No, DPW is a private company - there are no "shareholders." But as
a private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company -
based in Washington state. Years ago, when Ralph Nader researched
his book "Who Owns California" he discovered that no one knows how
much land Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is just
not true, as I have illustrated to you.
Every report says that DPW is a government
owned entity in Dubai. (A Socialistic enterprise)
Do you have any facts to contradict this?
I would reccommend that you tighten-up your definition of "socialism",
Sid9. For all practical purposes, Sheikh Mohammad bin Rashid
al-Maktoum owns Dubai and he is also the sole shareholder in DPW. He
may be, as Anthony Quinn boasted in "Lawrence of Arabia," "...a river
to my people." But that would be at his pleasure. That's about the
opposite to socialism as I can imagine.
But I've used the term "private company" to distinguish DPW from
pubically traded companies, which are subject to rules and regulations
with regard to operational transparency.
He may "own" Dubai, but he is also
the absolute monarch, therefore, he's
government of Dubai.
RRR posters here decry government
run entities as inefficient
Yet if you read the DPW website, you'll see that they boast better
efficiency and cheaper rates to their customers because they are not
bound by corporate red tape. But then, DPW is "government" owned, not
government run. You can check out CEO Ted Bilkey's senate testimony
yesterday to confirm that.
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| User: "Sid9" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
01 Mar 2006 03:50:12 PM |
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Erik A. Mattila wrote:
Sid9 wrote:
Erik A. Mattila wrote:
Sid9 wrote:
Erik A. Mattila wrote:
NativeRedneckAmerican@hotmail.com wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a
FACT.
No, DPW is a private company - there are no "shareholders." But
as a private company, it doesn't have to disclose its investors.
A parallel, to illustrate the point, is Simpson Timber Company -
based in Washington state. Years ago, when Ralph Nader researched
his book "Who Owns California" he discovered that no one knows how
much land Simpson owns in California.
But I don't know if you are arguing your original point - that no
foreign country would accept a US firm running a port. That is
just not true, as I have illustrated to you.
Every report says that DPW is a government
owned entity in Dubai. (A Socialistic enterprise)
Do you have any facts to contradict this?
I would reccommend that you tighten-up your definition of
"socialism", Sid9. For all practical purposes, Sheikh Mohammad bin
Rashid al-Maktoum owns Dubai and he is also the sole shareholder in
DPW. He may be, as Anthony Quinn boasted in "Lawrence of Arabia,"
"...a river to my people." But that would be at his pleasure. That's
about the opposite to socialism as I can imagine.
But I've used the term "private company" to distinguish DPW from
pubically traded companies, which are subject to rules and
regulations with regard to operational transparency.
He may "own" Dubai, but he is also
the absolute monarch, therefore, he's
government of Dubai.
RRR posters here decry government
run entities as inefficient
Yet if you read the DPW website, you'll see that they boast better
efficiency and cheaper rates to their customers because they are not
bound by corporate red tape. But then, DPW is "government" owned, not
government run. You can check out CEO Ted Bilkey's senate testimony
yesterday to confirm that.
The heriditary monarch of Dubai *OWNS* DPW.
'nuf said.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
02 Mar 2006 12:51:00 PM |
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I saw Bilkey's testimony, and what should be getting more play in the
media is the nuts and bolts of how the Bush administration has failed
to protect Americans as it promised.
While driving the country into the third world nation debt, Bush has
failed to shore up the security of America. Bush gave all of that
money (the surplus, and what he borrowed in all of our names) to
corporate cronies, like Halliburton, to profit on the failed wars in
Iraq AND Afghanistan.
The testimony at that Senate committee exposed the fact that less than
5% of what comes into the U.S. is inspected, while the law requires
that 100% get inspected. Broken seals, etc. And much more.
U.A.E. is still a hub for terrorists, they still do not cooperate on
their banking transactions, and I can go on for pages, but today we're
seeing the Constitution of the U.S. get shredded with the passage of
the Patriot Act.
Bush has got to be impeached, and until he and Republicans are out of
office, Democrats have got to stop cooperating with them and start
working to block and undo everything that has been done by this
criminal regime these last 6 years.
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| User: "" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
01 Mar 2006 12:56:22 AM |
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The Dubai Ports World acquisition of the London-based Peninsular &
Oriental Steam Navigation is being portrayed as the operation of free
markets in which the United States should have no objection or
interference. Nothing could be farther from the truth.
DPW was formed by a September 2005 merger of Dubai Port Authority and
Dubai Port International. DPW is 100 percent owned by the government of
the Emirate of Dubai via a Dubai government holding company called the
PCFC (Ports, Customs, and Free Zone Corporation). The government
holding company is headed by the ruler of Dubai, Shiek Mohammed bin
Rashid Al Maktoum, who took over on Jan. 4, 2006, following the death
of his father, Sheikh Maktoum.
Ms. Seal has more to say on this deal here:
http://disc.server.com/discussion.cgi?disc=149495;article=98967;title=APFN
The only thing that she's gotten wrong is the number of ports.
Commonly repeated as "only 6," the fact is that it's actually 23 ports
around the U.S.
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| User: "Sid9" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX World Terminals |
28 Feb 2006 06:53:48 PM |
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wrote:
Those are holding companies, and not DPW.
DPW has only one shareholder. The Sultan of Dubai. That's a FACT.
Sec'y of Treasury, who approved this transaction, gets, I think, $11
Million....not bad for screwing America!
I wonder if Snow will give bush,jr a piece of the action for his support?
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| User: "eldorado" |
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| Title: Re: Dubai Ports International Completes Acquisition Of CSX WorldTerminals |
22 Feb 2006 08:00:33 AM |
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On Tue, 21 Feb 2006, Captain Compassion wrote:
On 21 Feb 2006 20:45:25 -0800,
wrote:
What I love the best about stories like this is that you get to see who
is the paid ***** working directly for the Bush administration.
Put Captain Compassion, aka Joseph R. Darancette on the *FLUSH* list.
These folks are all ready running ports in Europe and Australia. Are
these ports showing any real problems?
So, your argument is "nothing has happened YET in OTHER countries ports,
so we should trust them with our national security"?
--
Randomly generated signature --
Never underestimate the bandwidth of a 747 filled with CD-ROMs.
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