Thursday, February 23, 2006

the shady deal

from yahoo news:
Documents Reveal White House Deal on Ports By TED BRIDIS, Associated Press Writer
1 hour, 14 minutes ago
WASHINGTON - Under a secretive agreement with the Bush administration, a company in the United Arab Emirates promised to cooperate with U.S. investigations as a condition of its takeover of operations at six major American ports, according to documents obtained by The Associated Press. The U.S. government chose not to impose other, routine restrictions. In approving the $6.8 billion purchase, the administration chose not to require state-owned Dubai Ports World to keep copies of its business records on U.S. soil, where they would be subject to orders by American courts.

----see what i mean about some shady deals? why don't they have to keep records here? did the british? and by the way, i had missed that fact previosly, the whole british thing, and i am not sure how i feel sbout it yet.

i also read that these six ports get 26% of all port business. thats an awful big chunk of change, right?

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