Green Energy
While I slept, some apparently good news came out about the proposed Dubai Ports World takeover deal:
- Dubai, "logistics", Real Estate, And Hitler - Wtf?
Remember some months back when that Dubai-based company tried to buy into the American port business, and our Congressman and media-overlords told we Americans who were disturbed by such a prospect that there was no need to worry? Remember that? Well,...
- Sick Of Hearing About Arab Bashing And Dpw?
So UAE pulls out in order to sell what they bought at market +70% (WTF?) to an american firm, to avoid getting crushed by the congress in a clear veto override if needed. That's not the story. I have noted ths smart wording of the resolution to eliminate...
- Disproportionate Response Reveals The Real War Is About To Begin
While we watch the spectre of a nuclear Iran dancing on the horizon, we are also being treated to what may seem like a sideshow; the United Arab Emirates is threatening the United States with an economic boycott (including a cutting off of oil), if we...
- Anti-semitic Port Security
Posted earlier at Mystery Achievement. Dubai ports firm enforces Israel boycottThe parent company of a Dubai-based firm at the center of a political storm in the US over the purchase of American ports participates in the Arab boycott against Israel, The...
- Who's Minding Our Ports?
Outsourcing which could jeopardize national security is about to be implemented. From The Center for Security Policy, February 14, 2006: "...[A] secretive government committee has decided to turn over the management of six of the Nation's most important...
Green Energy
DPW: Capitulation? Or Ruse?
While I slept, some apparently good news came out about the proposed Dubai Ports World takeover deal:
WASHINGTON - Bowing to ferocious opposition in Congress, a Dubai-owned company signaled surrender Thursday in its quest to take over operations at U.S. ports.But Barak of IRIS Blog thinks there's less to this than meets the eye. (Hat tip: Little Green Footballs.)
“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.
One article, however, quotes a statement that "we will continue to hold our U.S. operations separate while this process continues." In other words, the Dubai corporation will maintain a separate incorporation status for the American subsidiary. A few comments:It's not time to let up yet. Keep those emails to your Senators and Congressmen coming.
-This is a standard legal fiction for corporations who maintain complete operational control over their foreign subsidiaries. As an Information Technology consultant to many multi-national corporations, I can say with certainty that corporate management has access to the information systems of local subsidiaries.
-Note the key word "continue." This strongly implies that there is no change. In other words, there is no news here.
-While it is possible that the government-owned firm will indeed be forced to sell, it should be noted that all Arab governments routinely lie. Here is this week's biggest example.
- Dubai, "logistics", Real Estate, And Hitler - Wtf?
Remember some months back when that Dubai-based company tried to buy into the American port business, and our Congressman and media-overlords told we Americans who were disturbed by such a prospect that there was no need to worry? Remember that? Well,...
- Sick Of Hearing About Arab Bashing And Dpw?
So UAE pulls out in order to sell what they bought at market +70% (WTF?) to an american firm, to avoid getting crushed by the congress in a clear veto override if needed. That's not the story. I have noted ths smart wording of the resolution to eliminate...
- Disproportionate Response Reveals The Real War Is About To Begin
While we watch the spectre of a nuclear Iran dancing on the horizon, we are also being treated to what may seem like a sideshow; the United Arab Emirates is threatening the United States with an economic boycott (including a cutting off of oil), if we...
- Anti-semitic Port Security
Posted earlier at Mystery Achievement. Dubai ports firm enforces Israel boycottThe parent company of a Dubai-based firm at the center of a political storm in the US over the purchase of American ports participates in the Arab boycott against Israel, The...
- Who's Minding Our Ports?
Outsourcing which could jeopardize national security is about to be implemented. From The Center for Security Policy, February 14, 2006: "...[A] secretive government committee has decided to turn over the management of six of the Nation's most important...