Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!





Recent Entries
A Social Worker Finally Snaps (?) | Main | Are You Ready For The Big National Abortion Debate?
March 09, 2006

Dubai Ports World To Divest Of All American Interests/Operations

It's over, more or less:

The United Arab Emirates company that was attempting to take over management operations at six U.S. ports announced today that it will divest itself of all American interests.

The announcement appears to head off a major confrontation that was brewing between Congress and the Bush administration over the controversial deal.

Sen. John Warner (R-Va.) announced on the Senate floor shortly before 2 p.m. that Dubai Ports World would "transfer fully the operations of U.S. ports to a U.S. entity." Warner, who had been trying to broker a compromise on the issue, said DP World would divest itself of U.S. interests "in an orderly fashion" so as not to suffer "economic loss."

It was not immediately clear how the divesture would be handled or what U.S. company would take over the operation.

Warner's announcement came just hours after Republican leaders from the House and Senate met with President Bush to tell him Congress appeared ready to block the deal.

I guess at this point this is the best possible outcome. The issue goes away, the ports will be run by an American operation (assuming, say, Halliburton is willing to take over), and, to the extent American security was compromised, it no longer is.

But the political damage has done, both to Bush domestically and as a foreign leader seeking to build bridges with what supposedly are moderate governments in the Islamic world.

Reax Roundup at Michelle's.



digg this
posted by Ace at 03:04 PM

| Access Comments




Recent Comments
Ricardo Kill: "Has anyone resolved the fucked-up Universe we see ..."

Ricardo Kill: "Oh, and, I did a huge rookie sock fail above. Scr ..."

Rock Cutter: "Go eat a carrot you tea-bagger! Have a Blessed ..."

Peaches: ""Not sure we have a quorum, but here goes: receive ..."

Niedermeyer's Dead Horse: "Congrats Alton! A good man is never down and ou ..."

cthulhu: "469 Not sure we have a quorum, but here goes: rec ..."

MIchaelangelo's Landlady: "Congrats, Alton. Jobs are a bitch. I have one bu ..."

mindful webworker being dragged back to my cell: "Gotta go. Good night, Gracies. Have fun. Or whatev ..."

Truck Monkey, Gruntled New Business Owner: "Congrats Alton! ..."

torquewrench: ""Not sure we have a quorum, but here goes: receive ..."

Slapweasel: "Congrats, Alton! ...and best wishes with that con ..."

MIchaelangelo's Landlady: "M16......M14.........M1 For some strange and ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64