PORTS DEAL TO CLOSE BY MONDAY!!! (Despite Review)

[kpete]

Ports deal to close by Monday: official



WASHINGTON (Reuters) - Dubai Ports World's $6.85 billion acquisition of Britain's P&O will close on Friday or Monday, despite an additional 45-day review by the U.S. government in response to security concerns, a U.S. Treasury Department official said on Thursday.


"My understanding is that the deal will not close today," Deputy Treasury Secretary Robert Kimmitt told a Senate panel. "Although they had announced March 2 as the closing date ... that deal will not now close until tomorrow or Monday."

Kimmitt made his statement in response to a question from lawmakers on the Senate Banking Committee.

http://news.yahoo.com/s/nm/20060302/ts_nm/security_ports_deal_dc

[The Backlash Cometh]

1. Can we begin impeachment proceedings on the same day?

You know, as a ceremonial gesture?

[bluerum]

2. Fuck you America. Why don't they just say it. eom

[OrangeCountyDemocrat]

3. Only Court Order Can Halt Now, Right?

After this closes, by Monday now, I thought I had heard that the only way to overturn it is by a court order. Congress won't be able to do a thing.

[lovuian]

4. This confirms we are in a dictatorship and Bush is in control

but having this done on paper is different than having the people on the docks agree with it and if they do go along well say good bye to their jobs...

[converted_democrat]

13. That's exactly what it means.. n/t

[xultar]

5. It has been closed. DPW just agreed to the review out of kindness.

It was already a done deal.

[AzDar]

6. If it hasn't gone through the 45-day review AS REQUIRED BY LAW,

is it legal???

[951-Riverside]

7. Bill Clinton helped Dubai on ports deal *gag* *puke*

Bill Clinton, former US president, advised top officials from Dubai two weeks ago on how to address growing US concerns over the acquisition of five US container terminals by DP World.

It came even as his wife, Senator Hillary Clinton, was leading efforts to derail the deal.

http://msnbc.msn.com/id/11628283/

[Dr. Jones]

8. come again?

HUH???

I'm dumbfounded...WHY would Bill Clinton do this?

[Hubert Flottz]

10. Why did he push all the Repub's trade agreements?

[Hubert Flottz]

9. Bill Clinton is a Republican's Republican.

All the Globalists are!

[Skidmore]

15. And some are begging for Hillary.

Sheesh.

[spuddonna]

11. Don't some states have court cases against this? Can't they stop it? n/t

[Swede Atlanta]

12. This isn't subject to U.S. intervention

I think the deal the article is referring to is the purchase by DPW of Britain's P&O business. I think that deal can close without U.S. approval because it is between a UAE company and a British company. But the U.S. does play a role in that P&O's current authority to operate certain ports is subject to U.S. approval and as such the closing of the deal without U.S. approval is risky for DPW because they may lose a portion of what they thought they were getting under the deal.

[Hubert Flottz]

14. Fast Track gave Bush the power to do any deal he wants now,

without ANY oversight I think. Or at least I believe that is what Bush thinks. The GOPers in Congress have themselves a KING.

[kpete]

16. UAE THREATENS US

The economy minister of the United Arab Emirates, the country at the heart of the row, said that while political pressure to block the deal would not prevent the Gulf state from seeking further investments in the US, it would likely give other countries pause.

Sheikha Lubna al-Qassimi said other markets in Asia and Europe would now prove more attractive to wealthy Arabs and other investors.

"There is no hesitation, this will not deter the UAE from investing further. This is a business deal that somehow got politicised. But when you have deals that are prolonged by interference of a political nature, it may encourage many countries to go into investments in other places." She said India, China and some countries in Europe would be the likely beneficiaries.

The US is running a massive current account deficit and relies on inward investment to finance it. It has been able to count on petrodollars from countries like Saudi Arabia as a result of the booming world oil market. However, Middle Eastern investors are thought to be becoming jittery.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/03/02/cnport02.xml&menuId=242&sSheet=/money/2006/03/02/ixcitytop.html

[xiamiam]

17. well then one of their representatives lied in the hearings yesterday

when asked by Scott how do we stop this...